About Glitzkoin
GLITZKOIN has been initiated to bring transparency and simplicity to the diamond industry. It integrates the conventional diamond industry with the latest decentralized internet value system. Evaluations and assessments will no longer be done by guesses and hunches.GLITZKOIN is a highly advanced blockchain based diamond trading platform with a cryptocurrency to facilitate smooth financial settlements, with a strong focus on transparency and security. The GLITZKOIN diamond platform is the first major overhaul of the diamond industry in decades. The platform provides for immediate access for new and existing diamond buyers to connect with existing sellers anywhere in the world. seeks to transform the diamond industry by diminishing barriers, increasing coordination, and instilling trust in cross-border transactions for the diamond industry.
Basic Infomation
Token information | Glitzkoin |
Token symbol | GLT |
Social Media | ![]() ![]() ![]() ![]() |
Token standard | Ethereum ERC20 |
Soft Cap | 4,200,000 USD |
Hard Cap | 41,800,000 USD |
Token Supply | 999,000,000 GLT |
Token sale | 245,000,000 GLT |
Whitepaper | Click Here For View Whitepaper |
Website | Click Here For Visit ICO Homepage |
Token Distribution
35% | Company |
25% | Token Sale |
20% | Market |
10%
|
Community
|
10% | Team |
How Does Glitzkoin Works?
GLITZKOIN is a global startup that uses the best of emerging technology including blockchain, smart contracts
, and machine learning to assist in the reduction of risk and fraud for banks, insurers and open marketplaces in
the diamond and precious stone industry. The company provides a full ecosystem for the diamond industry from a supply chain solution to tracking & certification of diamonds and finally a decentralized exchange for the trade of diamonds and related services.
Features Of Glitzkoin
supply chain
A global trade platform using blockchain technology aimed at improving the cost of transportation, lack of visibility and inefficiencies with paper-based processes Connecting all stakeholders from Mining companies to Retail customers.
Global Diamond Track and Trace
- Blockchain-based tracking for certified diamonds
- A record of attributes, origin, and history of each diamond
- Theft prevention by authenticating and tracking the diamond
- Track stones all through their value-added journey
Market Place
- Facilitate trustless transactions between diamond traders
- Allowing anyone to buy and sell diamonds
- Facilitate ancillary services like shipping and insurance for diamonds fulfilled by third-party providers
- Drastically cut the time required for trade transaction settlements
Diamond Industry
Diamonds are one of the world’s, and specifically Africa’s, major natural resources. An estimated US$15 billion
the worth of rough diamonds are produced per year, of which approximately US$8.5 billion are from Africa
(approximately 65%). The diamond industry employs approximately ten million people around the world, both
directly and indirectly, across a wide spectrum of roles from mining to retail. Global diamond jewelry sales
continue to grow, increasing three-fold in the past 25 years, and are currently worth in excess of US$79 billion
every year.
GLITZKOIN eliminates the inefficiencies that are inherent to paper-based transaction processing. A set of advanced functions are implemented to provide a very intricate and detailed, diamond tracing and tracking capability. The objective is to decentralize the marketplace for diamonds, this will vastly open up access for buyers and sellers of diamonds. The diamond trade does require additional ancillary services like shipping, finance, and insurance. These services will be provided by separate service providers. The GLITZKOIN Project will only integrate them into the platform and not be charging any commission or brokerage for such third party services.
Market Trends
There is no doubt that the implementation of GLITZKOIN, will increase the market reach of the diamond
industry. The increased visibility of products and the acceptance of a crypto currency, will make it possible
for diamond dealers at all levels to increase their market share. At the same time, the transparency of the
whole process and the authentication of the diamonds, will instill confidence in both professional and first
time diamond buyers. The absence of middlemen and a lowering of transportation and other related costs,
will allow for highly competitive pricing.
Decentralized Exchange
- GLITZKOIN implements a global exchange that focuses on bridging the gap between the traditional
diamond industry and the innovative financial markets spearheaded by cryptocurrencies. With extensive
industry knowledge, we aim to engineer a ground-breaking change – enabling people to liquidate and
invest in diamonds like any other financial asset, all within a transparent and secure environment. The
GLITZKOIN Diamond Exchange enables anyone to invest in individual diamonds, shares of a high-value
stone or shares in a basket of diamonds like an ETF. - Traders can have full confidence in buying and selling, even without prior knowledge of diamond trading.
Thanks to the decentralized nature of the exchange, our machine learning algorithm, and blockchain
technology that rates a diamond’s asking price, the value of any diamond listed on the Exchange is
completely transparent; liquid because it creates a two-sided market by enhancing both the supply and
demand and standardized because GLITZKOIN creates a unique benchmark value, rate and smart
a contract for every stone. - It enables trustless transactions between diamond traders or any two parties. Anyone can buy and sell
diamonds, there are no restrictions and GLITZKOIN will connect end users, retailers, to market markers,
mining companies, and polishers. Trade and Transaction settlement times will be drastically reduced due to the effective implementation of GLITZKOIN on the Stellar blockchain.
Team
Members |
OLGA ROSINA – Diamond Specialist
SHASHANK AGARWAL – Head of Technology SOFIA FISCHER – Head of Marketing LILA HUSSAIN – Head of Business Development DATO’ ALIA HM JALLY -PR and Media Relations DINESSHWARAN YOOGAN – Marketing Manager |
---|
Also Read – Click Here for Read All ICO Review
[su_quote]This article is writing on 10 May 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282[su_quote]
Disclaimer:
Not all the website. which listed on top list are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you are not prepared to lose. Make sure to research the website. So please take care of your investments and be on the safe websites and avoid much losing online. High expensive slow implementation, low revenue, and no growth.key problems of e-commerce for retailers and manufacturers.
Article Disclaimer
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .