Glitzkoin In Expansion Mode – Lila Ruzaini In The Limelight

Negotiations, meetings and forging partnerships, are nothing new for Glitzkoin Development Manager Lila Ruzaini. She has been at the core of Glitzkoin business planning, ever since the project was launched. With Glitzkoin decidedly going into expansion mode, Lila now has an expanded role to play. 

In her opinion, ‘…. developing a business is not only about, delivering everything that was mentioned in the White Paper. Business needs to take on a dynamic approach … seek new avenues, enter into new partnerships…’.

While Olga Rosina the Russian diamond expert on the team, gets ready for the launch of the DiaEx diamond trading platform – the tech team is already exploring the idea of developing similar to platforms for other industries and businesses. These platforms would also have the GTN token as a mode of payment. 

Lila Ruzaini has regular meetings with the Glitzkoin tech team. These meetings provide valuable inputs as she, discusses the idea with leading business houses. The entire concept is technically sound and in the expert hands of the Glitzkoin tech team. Lila realizes that presenting the idea and convincing CEOs and CTOs, is an entirely different ball game. With her long experience and focus on win-win deals, she is confident of successfully closing a few negotiations this year (2021). 

The partnership between leading online ticketing portal MyTicket.Asia and Glitzkoin, has been widely talked about in the entertainment industry and in crypto circles. For Glitzkoin the ramifications of this partnership, go beyond the entertainment industry. The idea is to leverage the success of this partnership and use it, to finalize similar deals with other business operators. Negotiations are already in progress, some at an advanced stage.

With additional exchange listings for GTN and the scheduled launch of both, DiaEx and the MyTicket-Glitzkoin partnership in 2021 – the Glitzkoin management team has its strategy clearly laid out. Navneet Goenka CEO Glitzkoin is confident that, the project will attract a large audience and increased investor interest in 2021 and 2022. He comments, “… it is the perfect time for Glitzkoin and GTN to push ahead on all fronts. Crypto markets have widened significantly, interest in Glitzkoin is at an all time high’.

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, 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 will form the blueprint, for similar deals to be negotiated with other business operators.                            

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