Glitzkoin has seen many things go its way and crypto investors have responded positively. The period from 2020-2021 was undoubtedly one of the most tragic times for the world. The COVID-19 pandemic ravaged through every corner of the globe. Families were destroyed and economies came to a standstill. Travel restrictions and business closures, severely hampered trade and commerce.
In all that chaos and stress, we had the Glitzkoin team working from remote locations – addressing a common goal. The objective was to complete development and phase 1 testing, of the DiaEx diamond trading platform. Aimed at improving efficiency and market reach, for the multibillion dollar diamond industry – DiaEx was designed to handle B2B and B2C trade in diamonds. While diamond traders were waiting for the platform to launch, Glitzkoin GTN token investors were also excited. The token is designated as the mode of payment on DiaEx. The hard work paid off, DiaEx was launched in October 2021, much ahead of the planned 2022 launch. Trade activity of the token surged, this as diamond traders operating on DiaEx, settled payments using Glitzkoin GTN.
2021 was another landmark year for the Glitzkoin GTN token. This after the number of exchange listings for the token, moved from just two to over 10. Increased exchange listings had a huge impact on 24 hour trading volumes, the token got exposed to a much wider investor base. An impressive achievement considering the fact that, Glitzkoin GTN is a smallcap – with just around 247 million tokens in circulation.
April-May 2021 saw the crypto market collapse, a big volume Bitcoin selloff triggered the slump. Some of the mightiest and most touted cryptocurrencies, came tumbling down. Amazingly Glitzkoin GTN braved the storm – Yahoo Finance named the token as one of the, very few cryptocurrencies to stand tall during that massive collapse. Besides pulling in investors, such performances also boost the morale of the Glitzkoin team.
A year later and in May 2022, we saw crypto markets drift listlessly. There were clear signs that Bitcoin, ETH, DogeCoin, ApeCoin, Cardano, ShibaInu and many more cryptocurrencies, were finding it tough to consolidate. Glitzkoin GTN did not let down investors – once again. The token retained its price level, there were no signs of panic selling.
The above information is just a narration of things as they happened. These ‘things’ are what, keep Glitzkoin GTN investors loyal to the token. They are also things that, keep the Glitzkoin team motivated. However there is something important, that needs to be mentioned – right here. Glitzkoin realizes that the best way, to improve token performance and deliver true value to investors, is to keep developing the project. The mission to increase usage of the Glitzkoin GTN token is ongoing. Focus is on promoting the token as a mode of payment – across industries. The positive mood for Glitzkoin will make things easier but, much hard work remains to be done – we remain committed and ever grateful to our loyal investors.
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.