At a time when most blockchain projects are forgotten by the crypto community within a couple of months of their ICO being completed, the Glitzkoin project continues to be actively supported by seasoned crypto traders. The ICO was completed in June 2018 and the GTN token was priced at $0.20. The July 2018 listing on Stellar based exchanges, saw the token maintain its ICO value – this at a time when, most freshly launched cryptos had started to show significant drops in their ICO values.
The brainchild of second generation diamond veteran Navneet Goenka, the Glitzkoin diamond blockchain was launched at a time when the crypto world in general had started to cool down. Glitzkoin CEO Navneet explains, ‘… the project was focused on improving the operations and sales for the 90 billion dollar diamond industry. The GTN crypto token launched as part of the project, has a very strategic role to play. Yes, it is currently trading on crypto exchanges but, it does a lot more than that’.
The second phase of the Glitzkoin project, after the completion of the ICO is the development and implementation of the DiaEx diamond exchange. Crypto community participants continue to trade the GTN token on the Stellarport exchange. They foresee a good demand for the token, this from a source other than that generated by professional crypto traders. As explained in the project plan, the DiaEx diamond exchange utilizes the GTN token as the mode of payment.
The DiaEx diamond trading platform facilitates B2B and B2C trade in natural, certified diamonds. Trade is not permitted in fake and synthetic stones. By operating directly with the platform, diamond traders of all sizes and located at any point on the globe, transact without the need for middlemen and brokers.
A large proportion of diamond trade is conducted across borders, this involves complications related to multiple currencies and their conversion. Bank related procedures can be cumbersome, varied and expensive. By using the Glitzkoin GTN token to fulfill payment obligations on the DiaEx platform, traders can make money transfers efficiently at a very reasonable cost.
You might be aware that most cryptos launched during the same time as the GTN token, lost as much as 70% of their ICO value within a few weeks of trading on the exchanges. Thanks to seasoned crypto enthusiasts for recognizing the true potential of the Glitzkoin project, the GTN token has impressively hovered around its ICO value ($0.20) for months and until today – mid December 2018.
So should you invest in the GTN token. We will not do any sales hype here, we strongly suggest that you go through this website and better understand the Glitzkoin mission. Review the performance of GTN on the Stellarport exchange (link provided below) and then, make your buying decision.