Navneet Goenka Explains The Multifaceted Glitzkoin GTN Token

The GTN token has been launched as part of the Glitzkoin project. Unlike most tokens that do nothing more than, trade on crypto exchanges, GTN has been assigned a very strategic role to play. 

Glitzkoin CEO Navneet Goenka opens up about his vision for GTN, ‘… the GTN has been trading on 3 crypto exchanges since July 2018. The crypto community continues to actively trade the token. This is just one aspect of GTN, the token is also the designated mode of payment on the DiaEx diamond platform. The Myticket – Glitzkoin partnership will see, the GTN accepted as a mode of payment on the Myticket online ticketing portal. This is exactly what makes GTN a multifaceted token’.

DiaEx is a comprehensive diamond trading platform, traders from across the world can conduct both B2B and B2C transactions on DiaEx. Payment obligations on DiaEx will be fulfilled using the GTN token. Having completed the development and testing phase, DiaEx was put through a rigorous pilot run. Transactions executed during the pilot run, were actual and not generated as test data. The run was successful with over 600,000 GTN being transacted to fulfill payment commitments. With no major requirements or bugs uncovered during the pilot run, DiaEx is currently undergoing a few minor fixes. The complete rollout for the platform is scheduled to be completed in the first half of 2020. 

Focused on increasing usage of the GTN token, Glitzkoin experts are always on the lookout for businesses that could accept the GTN as a mode of payment in their operations. A partnership with the online ticketing giant, has been confirmed. With the development and integration phase nearing completion, we are looking at a launch within the first half of 2020. This arrangement is being used as a case study to implement future partnerships with other businesses. 

Summarizing the multifaceted nature of GTN the CEO said that, ‘… we are in fact building multiple channels of demand for the GTN token. I have really not heard of any other crypto being assigned such a strategic role in any project. We are very fortunate to get the valued support of the crypto community. It is a great motivational factor.’

GLITZKOIN: Glitzkoin is developed on the Stellar blockchain. The project includes the multifaceted GTN token that currently trades actively on 3 crypto exchanges (Cointiger,  Stellarport and Dobitrade). Glitzkoin makes a direct connect to the multibillion dollar diamond industry. The project is promoted by second generation diamond veteran Navneet Goenka, it aims to improve productivity and market scope for the glittering industry. A comprehensive diamond trading platform (DiaEx) is part of the project, it supports both B2B and B2C trade in diamonds. As mentioned above GTN is traded by crypto traders on three exchanges, it is also designated as the mode of payment on DiaEx. 



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