Moving at a rapid pace after a brief slowdown during the 2020 pandemic, Glitzkoin has been concurrently implementing some very strategic plans. The GTN token now trades on the BankCex crypto exchange. We are committed to have the token list on at least 10 exchanges within 2021.
BankCex happens to be just one of the many exchanges that, had approached Glitzkoin with an attractive listing offer for GTN. With a niche group of investors operating on BankCex, the exchange has substantial trade in Altcoins. This is obviously of interest to Glitzkoin since we have, consistently supported the cause of Altcoins with potential.
Providing additional exposure to the Glitzkoin GTN token through additional exchanges is just, one part of the objective. The multipronged project also promotes GTN as a mode of payment. The DiaEx diamond trading platform, that designates GTN as the mode of payment and the MyTicket-Glitzkoin partnership – are just two examples. The Glitzkoin business development team, conducts negotiations with other business operators on an ongoing basis. The idea is to have them accept, the GTN token on their online trading platforms.
Listing the Glitzkoin GTN token on BankCex and other crypto exchanges, will make it easier for users to access GTN during the payment process. It is also true that many crypto traders, prefer to have a range of exchanges to choose from.
A positive development for the crypto industry has been, the development of crypto legislation in many nations. Rules and regulations relating to the establishment and running, of crypto exchanges are being increasingly formulated and implemented. This is a development that boosts confidence in crypto trade.
The Glitzkoin team meticulously checks and evaluates each exchange. Care is taken to ensure that, exchanges are chosen from various regions. GTN currently trades on LaToken, Dex-Trade, BankCex, CoinTiger and Stellarport. Expect to see a doubling of those exchanges in 2021.
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.
Related Resources: [Project Updates]