The Glitzkoin project has made good progress through 2021, a quick recovery after the slowdown in 2020 due to the health crisis. Various factors have led to the surge in demand for the Glitzkoin GTN token, this has been true especially in Q4/2021. Glitzkoin management has repeatedly acknowledged the strong support, received from well-wishers and investors.
As the Glitzkoin GTN token soared, from $0.20 to $1.70+ in the 8 weeks leading to the end of November 2021, CEO Navneet Goenka has revealed plans for a GTN Bounty program. This to celebrate the approximately 500% ROI that, the token delivered during the above mentioned time frame. In his words, “… it is the right time to show our appreciation, for Glitzkoin followers, supporters and GTN investors”.
Unlike other crypto bounty programs where participants, are required to perform a few tasks to qualify – the Glitzkoin GTN Bounty 2021 Program, excludes such requirements. Bounty participants are picked, based on their active communications related to the Glitzkoin project and the GTN token.
Bounty rewards will be sent out to the following groups of Glitzkoin fans and participants.
Twitter users who have mentioned the terms Glitzkoin, GTN, DiaEx, Navneet Goenka, MyTicket-Glitzkoin more than 50 times. This in the time frame stretching from January 2020 to June 2021. Tweets should have made, explicit reference to the Glitzkoin project and GTN crypto.
Active participants on the official Glitzkoin Telegram channel. This will include participants with, more than 100 comments made in the time frame mentioned in (1) above. Comments should directly relate to the Glitzkoin project, GTN, DiaEx, Myticket-Glitzkoin or any Glitzkoin team member including the CEO.
Diamond traders participating on the DiaEx diamond trading platform. This will include the traders that, helped with the first and second pilot run phases of the platform.
Glitzkoin appointed external support teams, will also share user statistics. This would include crypto enthusiasts who have frequently communicated with these teams, on issues related to the Glitzkoin project and the GTN token. The data would include users from Facebook, Twitter, Telegram, Instagram and support emails. Data for this purpose would be analyzed from, January 2019 to June 2021.
The Glitzkoin GTN Bounty 2021 program, will be organized from 5th to 15th December 2021. Approved participants will be officially contacted, there will be no need to disclose personal details including wallet addresses. Clear communication of the process will be made to eligible participants.
For Glitzkoin fans the GTN Bounty Program, could not have come at a better time. Besides currently being at its highest price levels, the token is soon to have an additional usage case – this time in the entertainment industry. Leading online ticketing portal MyTicket.Asia is scheduled to allow its clients, to use the Glitzkoin GTN token to pay for their purchases. The easing of the pandemic, could see a 2022 implementation of this partnership.
Glitzkoin Russian advisor Mikhail Koslov says that, “… the Glitzkoin GTN Bounty program will ensure that a much wider base of crypto investors, would have an opportunity to own and trade the GTN token”.
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.