The plan to add additional crypto exchanges for the GTN token, has been going on at a brisk pace. While it might be too soon to expect, a drastic upswing in GTN prices – clear positive signals are being observed.
By meticulously scrutinizing each crypto exchange, priority has been given to exchanges that are strong in Altcoin trades. IndoEx another exchange popular with Altcoin enthusiasts, has now been added to the list of exchanges trading the Glitzkoin GTN token.
IndoEx now joins the list of the other reputed crypto exchanges that, proudly trade the Glitzkoin GTN token. With more exchanges to list the GTN token, you can now trade on LaToken, P2PB2B, BankCex, IndoEx and DexTrade, StellarPort, CoinTiger
Now in the first week of July 2021, the Glitzkoin GTN token has moved up from $0.07 and hovers around $0.26 this in the past 30 days. Total daily trade on the exchanges, has also shown an impressive rise. While it generally ranges from $350k to $450k, peak trade has seen that number break $500k.
As mentioned above, these are early days and a more accurate trend would be visible in the next two quarters. Having said that, the positive signs are an indication of the right strategy being followed.
Stay tuned as we confirm more, GTN exchange listings in the coming weeks and months.
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]