The Binance CEO had made a statement about, the direction in which the crypto industry should develop. It turns out that Glitzkoin CEO and diamond veteran Navneet Goenka, has been harping on the same issue for quite some time.
Changpeng Zhao popularly known as CZ, mentioned that, ‘crypto growth needs entrepreneurs and real projects’. The Binance CEO was quite obviously, referring to the need to connect crypto projects to the real world business and economy. His reference to ‘entrepreneurs’ implied business minds rather than, tech pundits. There is of course no doubt that, technical expertise is absolutely essential to make this happen. Chanpeng Zhao was talking more about, the initiative to launch projects – something that is best done by business and industry.
It is indeed interesting to note that, Navneet Goenka the Glitzkoin CEO has often called for a similar approach. Coming from a family that has been a key player in the multibillion dollar diamond industry, The CEO has often urged the crypto world to make a connect with the real world economy.
In Navneet’s words, ‘… technology is only as good as the solutions that it provides to the real world. Cryptos will mean little if they remain, confined to the speculative arena of crypto enthusiasts. They will need to make a contribution to real world business’.
Changpeng Zhao also mentioned that, the crypto industry had the potential to grow – with or without Bitcoin (BTC). Navneet Goenka had made a related comment, with significant ramifications in the last quarter of 2018.
As Bitcoin and the entire crypto market, experienced an epic fall in November and December 2018, the Glitzkoin CEO called on the crypto community to do a reality check. The idea was to evaluate whether, the crypto world could exist and develop, with a smaller Bitcoin or no BTC at all.
The Glitzkoin diamond blockchain projected promoted by Navneet Goenka, focuses on improving productivity and market scope for the diamond industry. The Glitzkoin GTN token which is a part of the project, has been assigned a strategic role.
The project deploys a comprehensive diamond trading platform that supports, B2B and B2C trade in diamonds. The GTN token is the designated mode of payment on the trading platform. The crypto community continues to actively support the project, this generates significant activity for the GTN token on the (Stellarport) crypto exchange. Negotiations are in progress to have the GTN token listed on other exchanges – positive updates should be available through 2019.
Glitzkoin continues to make efforts to increase, the number of applications for the GTN token. The idea is to deliver a crypto that is stable and widely accepted, something that will not make it dependent on high pitched market hype and reckless speculation.
A January 2019 announcement revealed a partnership with online ticketing giant, Myticket.asia. Glitzkoin was declared as an official payment partner on the ticketing portal, visitors could pay for their purchases using the GTN token. This arrangement would be effective in the first quarter of 2019.
Navneet Goenka is of the opinion that, future blockchain projects would give a serious thought to their utility value. This is a welcome move since, complete reliance on speculative activity from the crypto community, is unlikely to prove fruitful in the long term. The concept of industry specific blockchain applications, will soon become the new trend in his opinion.
For those of you who happen to be interested in investing in the Glitzkoin GTN token, we would suggest that you read the project summary and updates below – before making a decision. We have always strived to build a crypto that is stable and consistent, we do not wish to encourage wild speculation.
SUMMARY OF THE GLITZKOIN GTN TOKEN
You can track and trade the Glitzkoin GTN token on the exchange GTN ON STELLARPORT.
Glitzkoin Project Summary:
A) Promoted by diamond veteran Navneet Goenka. Focused on improving efficiency, productivity and market scope for the $90 billion diamond industry.
B) The GTN token was priced at $0.15 to $0.20 during the ICO that, ran from March to June 2018.
C) The GTN token is currently trading on the Stellarport exchange at around $0.30, which is 50% above its ICO closing price of $0.20.
D) The DiaEx diamond trading platform supporting B2B and B2C trade in the glittering stone is scheduled, for a Q1-2019 launch. The platform is designed to accept the GTN token as the mode of payment.
E) To be implemented in Q1-2019, the much talked about partnership between Glitzkoin and Myticket.asia, allows visitors to the online ticketing portal, to pay for their purchases using the GTN token.