Glitzkoin has a commitment as per the project plan to promote, the usage of the GTN token. This might sound a bit strange as most project promoters, end their involvement the moment the related cryptocurrency, begins trading on crypto exchanges.
Modules within the Glitzkoin project have been designed to, increase usage of GTN. The token has been assigned a strategic role that goes beyond, merely trading on the exchanges. It is this point that differentiates, Glitzkoin GTN from the thousands of Altcoins in existence today.
GTN has been trading since 2018, the token has gone through some tough times. Something that Glitzkoin must be grateful for is the, trust and faith that investors have placed in us. The token has never experienced any widespread sell off, GTN investors have always stood by the project and the token.
Glitzkoin CEO Navneet Goenka makes an interesting point, “… we have always encouraged prospective investors, to fully understand the project before making an investment in the Glitzkoin GTN token. This is one of the major reasons why, investors have stood by us – through the toughest of times …”.
While talking about how Glitzkoin has always taken care of GTN investor interests, an important event that happened in April – May 2021, needs to be mentioned. It was during the time when Elon Musk a high profile Bitcoin investor, dumped a large volume of Bitcoins. This triggered a wider sellout and ultimately, pulled down the entire crypto market.
The DiaEx diamond trading platform, was going through its second pilot test run at about the same time. Rumors surfaced about Glitzkoin adding Bitcoin and ETH (along with GTN), as payment options on DiaEx. GTN investors were understandably upset as, Glitzkoin had assured them that, GTN would be the only mode of payment accepted on DiaEx. Glitzkoin has repeatedly confirmed that, our commitment to investors has never been compromised. The Glitzkoin GTN token will be, the only mode of payment accepted on DiaEx.
Efforts to increase usage of the Glitzkoin GTN token, have gone beyond the initial plan. The tech team is now exploring the possibility of developing, DiaEx style blockchain based trading platforms for other industries. The response so far has been encouraging, we hope to have updates on this in early 2022.
Another module that was subsequently, added to the Glitzkoin white paper was the partnership between MyTicket.Asia and Glitzkoin. As per this agreement, the leading online ticketing portal would accept the GTN token as a mode of payment. Glitzkoin GTN investors have appreciated the fact that, this module was incorporated into the project even though, it was not part of the initial project plan.
While the implementation of the MyTicket-Glitzkoin partnership, awaits the easing of the pandemic – Glitzkoin has expanded the scope of this concept. The Business Development team is currently discussing, similar partnerships with other business operators. This opens up another channel to increase usage of the GTN token.
It is apparent from the above report that GTN investor interests, are always given priority at Glitzkoin. Investors recognize our fanatic commitment to the project. We sincerely appreciate their support and participation.
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.