The Glitzkoin project and the GTN crypto token are back on track. As already announced earlier, GTN now trades on the LaToken exchange. A quick recap – the token was impressively stable ever since, it started trading in mid 2018. The closure of the DobiTrade exchange during the pandemic, due to pressure from the Chinese authorities, did slow down things. Things seem to have settled down (2021) after the world, came to better understand and manage the health crisis.
14 April 2021 was when the Glitzkoin GTN token started trading on LaToken. Contrary to what a few analysts predicted, there was no major dump by GTN investors. Glitzkoin did not indulge in smart sales talk and investors understood that, things were back on track. The fact is that existing GTN investors, understand the project well. The idea that the token is for medium to long term investment is clear in their minds.
While we do not promise you the moon and push you to buy the Glitzkoin GTN token, we will surely claim that the token happens to be one of the first multifaceted cryptocurrencies. The token is assigned multiple tasks by the Glitzkoin project – trading on crypto exchanges is just one of them. It is also true that, no other blockchain and crypto project other than Glitzkoin – includes built in modules to increase usage of the crypto.
Another very interesting thing about GTN is that, the Glitzkoin project was focused on promoting the token as a payment token since, the project plan was conceptualized way back in 2017. Seasoned crypto players would agree that, serious talk about crypto usage really started being heard in late 2019 and into 2020. This proves, the forward thinking approach of the Glitzkoin management.
So the bottom line is that, we want you to review and understand the entire Glitzkoin project before, you make a decision on the GTN token. There is much more to the project, than a cryptocurrency and the entire project is focused on increasing usage of the 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]