The breaking of the Ramadhan fast after sunset is referred to as ‘iftaar’. While this can be marked by some exquisite cuisine in well to do Malaysian homes, the rural areas generally find the cheapest and easiest way to have a meal.
The Glitzkoin team in Malaysia headed by CEO Navneet Goenka, decided to treat the people of a rural village to a delicious iftaar meal. Freshly cooked food was served to a large number of men, women and children in the Malaysian village. Surprise baskets with interesting gifts, were handed over to children who attended the event.
Lila Ruzaini Head Of Business Development at Glitzkoin, was also present on the occasion. Lila is well known by most charitable institutions in Malaysia. She has conducted a few charity events for Glitzkoin among which, the event to raise awareness of Diabetes among Malaysians, has been widely acclaimed by government agencies and NGOs.
Navneet Goenka had this to say about the event, ‘… it is time to treat charity as a part of business. It is all about giving back to society and helping the underprivileged. Religion and race, needs to be kept out of this effort …’.
With the Glitzkoin diamond blockchain project reaching an advanced stage, charity events have also seen an increase in frequency. Glitzkoin sponsored two back to back charity events in India. The first one was about ‘Cleanliness And Hygiene’ at a village school in a remote part of India. The second event was conducted at an orphanage and school, in the city of Bombay (India).
Glitzkoin: The first diamond blockchain to be promoted by a veteran from the multibillion dollar diamond industry, Glitzkoin is promoted by second generation diamond veteran, Navneet Goenka. The project focuses on improving productivity and market reach for the industry.
Glitzkoin successfully completed an ICO in June 2018, the GTN token launched as part of the project, was priced from $0.15 to $0.20 during the ICO. The token currently trades on 3 exchanges namely, Dobitrade, Cointiger and Stellarport.
The project includes a comprehensive diamond trading platform – DiaEx. Supporting both B2B and B2C trade in diamonds, DiaEx allows diamond traders of all sizes and located, at any point on the globe to interact directly with the platform. The GTN token is the designated mode of payment on the diamond trading platform.
One very unique feature of the Glitzkoin GTN token is that, it is powered by not just one, but three streams of demand. The token is actively traded by crypto enthusiasts on the exchanges. Diamond traders operating on the DiaEx trading platform, also generate demand for the token. This to fulfill their payment obligations for trade conducted on the platform. Negotiations are underway to have various businesses, accept the GTN token as a mode of payment in their business operations.