Glitzkoin GTN will be making an appearance on a host of reputed crypto exchanges in the coming weeks. The token has been trading since July 2018 and currently appears on LaToken, Stellarport and CoinTiger.
Thanks to all the exchanges for their cooperation. The objectives of going on multiple exchanges.
1) Increase exposure of GTN to new investor groups. Exchanges are being picked from different nations.
2) Our objective being to promote GTN as a payment token - users would expect to have a range of exchanges to choose from.
3) We see a good future for Altcoins. Bitcoin has exposed its weaknesses. It will rebound no doubt but, with far less vigor and stamina. Investors will migrate to Altcoins in the near future.
After a brief slowdown during the 2020 pandemic, the Glitzkoin project is back on track and 2021 promises to be an eventful year. The DiaEx diamond trading platform is designed, for the $90 billion diamond industry. Designating the GTN token as the mode of payment, DiaEx has a launch scheduled in 2021. The tech team at Glitzkoin is currently exploring, the possibility of designing and implementing platforms similar to DiaEx, in a range of businesses across industries.
Development work to implement the MyTicket-Glitzkoin partnership, is at an advanced stage. As per this agreement, leading online ticketing provider MyTicket.Asia, would accept the GTN token as a mode of payment. Negotiations are underway with a host of businesses - the idea being to have them accept, the GTN token as a payment option on their sales platform.
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]