2021 has been a hectic year for Glitzkoin and a promising one, for Glitzkoin GTN investors. After a rather subdued 2020 due to the pandemic, Glitzkoin got quickly back on track in 2021. We have now moved to a point where, GTN is being talked about along with cryptocurrencies like Bitcoin and DogeCoin.
While we are grateful to all crypto analysts and investors, for keeping us in the limelight – there is something that we need to understand. Every cryptocurrency has a time frame within which, it gets launched, develops, attracts investor attention and then gets into a phase of positive price movement. At the end of the day, it is the price appreciation phase that crypto investors look forward to.
This is a where the time element of a crypto becomes relevant. Since we mentioned, Bitcoin and DogeCoin along with the Glitkoin GTN token above, let’s shed some light about time frames for these cryptocurrencies.
BTC was launched in 2009 and kept a low profile for a few initial years. DogeCoin which has really gained attention in the past 12 to 18 months, began trading in 2014. Now talking about Glitzkoin GTN, backed by a comprehensive project – the crypto began trading in mid 2018. The Glitzkoin project is focused on increasing usage of the GTN token. The GTN is assigned a strategic role that goes beyond, merely trading on exchanges.
Bitcoin did not have to worry about a project plan, also had little or no competition for the first 4 to 5 years. DogeCoin did launch at a time, when a few thousand cryptocurrencies were already trading. Glitzkoin was the first comprehensive project to, include usage for a cryptocurrency (GTN) within its mission. Launched in mid 2018 the GTN token, finds itself among – close to 10,000 cryptocurrencies.
Significant development work has been completed, final testing is currently going on for the DiaEx platform as we publish this report. Glitzkoin GTN investors realize that, the project execution has started to unfold. This explains why there has never been a large dump of GTN tokens, even during tough times.
2022 will see the launch of the DiaEx diamond trading platform. Addressing the requirements of the $90 billion diamond industry, DiaEx deploys the GTN token as the mode of payment. This happens to be just one of the components of the project that, would increase usage of GTN as a payment token.
As we move ahead on schedule, we have a mission that is clearly defined. We might be well ahead in terms of a time frame, generally set by cryptocurrencies but, this will not make us complacent.
GLITZKOIN: A quick recap of the Glitzkoin project and the GTN crypto token. The project was launched to improve the demand for natural diamonds and to enhance, the efficiency and productivity of the multibillion dollar industry.
The DiaEx diamond trading platform was developed using Stellar blockchain resources. The GTN token was launched as part of the project and is designated, as the mode of payment on DiaEx. Promoted by second generation diamond veteran Navneet Goenka, Glitzkoin assigned a multifaceted role to the GTN token.
The trading platform was completed in 2019 and was put through rigorous testing in early 2020. A team of diamond dealers subsequently did a pilot run on DiaEx with, actual transactions made on the platform. This process was largely successful and revealed a few areas for improvement. The Glitzkoin tech team was handling the minor adjustment when, the pandemic and subsequent lockdowns slowed down the process. The management will reschedule the full launch of DiaEx once the health crisis eases.
Talking about the multifaceted nature of the GTN token, the project is also focused on further increasing usage for the crypto – this aside from crypto exchange trade and the payment usage on the DiaEx platform. The concept is to have operators of various businesses, accept the GTN token as a mode of payment in their operations. Moving this idea forward Glitzkoin has confirmed a partnership with online ticketing giant Myticket.asia, wherein clients of the ticketing portal could use the GTN token as a mode of payment. Technical requirements for the integration of systems on both sides is at an advanced stage, nearing completion. Reviewing the challenges that the entertainment industry has been going through during the COVID pandemic, both managements have decided to set a launch schedule when the situation starts to normalize. The arrangement setup between Glitzkoin and Myticket.asia will form the blueprint, for similar deals to be negotiated with other business operators.