The Glitzkoin GTN multifaceted crypto token started trading in July 2018. This after a successful completion of the ICO that ran from March 2018 to June 2018. The token was subsequently listed on three exchanges - DobiTrade, CoinTiger and Stellarport. It was during the pandemic in 2020 that DobiTrade, which handled a major portion of GTN trade, was ordered to shutdown by the Chinese authorities.
Travel restrictions and closed businesses, made it tough to select and evaluate other crypto exchanges. As the Glitzkoin team worked and coordinated from remote locations, it managed to finalize negotiations with leading exchange LaToken. This was in early 2021 and is just the beginning. The Glitzkoin GTN token, will add a few more exchange listings this year.
While the project and the token are firmly back on track, we wish to show our sincere appreciation to all the crypto exchanges that, have stood by us during these tough times. With attractive offers from at least 5 to 6 of the top 20 crypto exchanges for the GTN token, the Glitzkoin team is reviewing the offers at a brisk pace.
Work on the DiaEx diamond trading platform and the implementation of the, agreement between MyTicket.Asia and Glitzkoin - are currently moving on schedule. The crypto community including existing GTN investors, are keen to see the launch of these two modules. It is now common knowledge that, the Glitzkoin GTN token is designated as the mode of payment in both the modules.
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]