Glitzkoin is back on track and the original plan still holds strong. The year 2021 has been earmarked, for a number of important milestones for the project. One of these involves listing the GTN token on additional exchanges. The Glitzkoin GTN token now trades on the Dex-Trade exchange.
As exchanges have lined up to list GTN, the Glitzkoin team has been meticulously reviewing each exchange. With most nations now making it mandatory, for crypto exchanges to be registered, checking registration details and jurisdiction are important.
In the first phase, trade on Dex-Trade will be limited to the GTN/USDT pair, additional pairs will be added in due course. Based on our experience with current exchanges on which GTN is listed, we have found the GTN/USDT pair to be most active.
Dex-Trade along with the other exchanges, would make GTN more accessible to crypto investors. One of the objectives of the Glitzkoin project, is to promote GTN as a payment token. The DiaEx diamond trading platform that, designates the GTN token as the mode of payment, is just one example. Glitzkoin is also the official payment partner for MyTicket.Asia, the leading online ticketing provider. Once implemented, users of the ticketing portal could use GTN to pay for their purchases.
Adding crypto exchanges would also allow GTN users, to have a range of exchanges to choose from. Reputed exchanges are being picked, from various nations. The usage of GTN as a payment token, would not be limited by geographic locations or type of business operation.
The DiaEx diamond trading platform, is undergoing final tests and a 2021 launch seems very feasible. The MyTicket-Glitzkoin partnership, will have a scheduled launch as and when the COVID-19 pandemic subsides.
The tech team is exploring the possibility of developing, platforms similar to DiaEx for other business types. The Glitzkoin Business Development team is currently, negotiating partnerships similar to the one with MyTicket.Asia – with business operators from various business segments. The objective is to further increase usage of GTN as a payment 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.
Related Resources: [Project Updates]