Glitzkoin GTN To Announce Big News In 2022?

The Glitzkoin support team often receives messages from crypto investors. Multiple messages asking about, some ‘big news’ that is due to be announced in 2022, have been arriving in recent weeks. A few Twitter accounts were also seen posting similar messages. So will 2022 see any big announcements from us? This report should clarify doubts and present things in the right perspective.

After a slowdown in 2020 due to the pandemic, Glitzkoin and the GTN token had an impressive run through 2021. Besides increasing exchange listings from 2 in early in Q1 to over 10 in Q4, Glitzkoin went on to prepone the much awaited DiaEx platform launch. The DiaEx diamond trading platform with GTN as the mode of payment, was launched in October 2021 much earlier than its scheduled 2022 launch.

As repeatedly mentioned by the CEO Navnee Goenka, lot has been achieved but much needs to be done. So what about the ‘Big Things’ happening in 2022, the topic that we mentioned right above. Let’s begin by saying that, nothing that is planned for 2022 relating to the project or the token, is larger or smaller than the other. Simply put, everything that is in the pipeline is ‘big’ as it would focus on investors.

A brief list of what you can expect in 2022.

1)    The process of listing the Glitzkoin GTN token, on additional crypto exchanges will continue. This will provide wider investor exposure to GTN.

2)    2022 will also see the process of approving diamond dealers to operate on the DiaEx platform, pick pace. As payments are settled using the token, this move would increase GTN trade.

3)    We expect to finalize details for a few more trading platforms like DiaEx. Discussions are underway with a couple of industries. These platforms would also implement Glitzkoin GTN as a mode of payment.

4)    While the development work for the MyTicket-Glitzkoin partnership has been completed, implementation is being held up due to the pandemic situation. Glitzkoin has decided to go ahead with negotiations for similar partnerships, with other business operators. Updates on this will be provided in 2022.

5)    As movement restrictions enforced due to the health crisis are eased, Glitzkoin will continue its community service efforts to help the needy. Previous community service projects have been organized in rural areas of both India and Malaysia.

Since the launch of the Glitzkoin project in 2018, it has been a regular practice to include activities that go beyond those detailed in the White Paper. This is something that will continue as the project was designed to be dynamic. The idea of promoting Glitzkoin GTN as a Multifaceted Cryptocurrency, will always remain the main focus.

This report should provide a clear idea of what, investors can expect in 2022 and beyond. We will never get into debates about Glitzkoin GTN price predictions, the token price will be decided based on investor mood. We would strongly suggest that you do not make any investment decisions based on rumors. Follow official Glitzkoin channels and discuss, with other crypto traders in your friend circle.

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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.

 

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