GLITZKOIN: COINING THE DIAMONDS
With the evolution of times, there has been an evolution in human interests as well. Take the diamond retail for instance. Purchase and selling of diamond now days is not just for mere jewellery embedding, it has now taken the form of a budding business with huge scopes of money making. Diamonds are nothing but the carbon layers compressed under the layers of the earth under high temperatures. more the compression, the finer the rock is. And thus we see variations ranging from the rarest of the diamonds t,o the frequently found and less shiny.
As the diamond marketplace functions as a huge corporal money exchange platform, it has to work with many of the vices in the marketplace. The diamond sales deny to dip below lakhs and the crores and so do the desires of the diamond purchasers. With such an adamant functioning of the consumer system, there seems less that could go wrong.
THE HITCH
But like every other phenomenon in existence, there are problems faced by the diamond market as well. One of the major complicacies faced is the verification of the diamonds. Not every buyer has an eyepiece with him to buy diamonds and keep it safe. Theft and misplacement are inevitable in such cases.
Transactions between diamond traders becomes a difficult task because of verification of its properties and rarity. Due to all this hassle, the sales in the diamond marketplace are seemingly decreasing.
BRINGING THE GLITZ BACK
GLITZKOIN is the project that promises to rid the diamond market of all its seemingly impossible problems. The project portrays the idea of creating a platform on the basis of the blockchain technology to help the diamond retail evolve. GLITZKOIN ensures to track the diamond as it gets transacted upon or exchanged in the market, storing its data using the blockchain technology which does not let the diamond lose its authentication and worth.
The platform also verifies a diamond for its rarity and other specifications which makes it easier for the buyer to process. The decentralized information sets of the diamonds are beneficial for the sellers as well, as they can compare the actual rates at which the same diamond piece is being sold. The system promises to portray an array of a true marketplace with a minimum amount of glitches. The project takes care of the services from the shipping to the insurance of the gems.
GLITZKOIN not only cuts the time out of the system but also the crap along with it. Now all that is left to do by the consumer is a happy purchase.
COINS FOR THE DIAMONDS
The cryptocurrency involvement in the project is with the tokens called the GLT token with the market value of 1 GLT = 0.2 USD. The project expects healthy participation with the minimum investment of 100 USD. The soft capital and the hard capital invested into the project are 10,000,000 USD and 40,000,000 USD respectively.
CONCLUSION
GLITZKOIN visualizes a dream, a dream where the diamond market is free of tragic trust issues and unhealthy transactions. It is an idea which is here to turn the retail market into a morally correct and a trustable ecosystem which grants the consumer and the retailer a win-win situation. The diamond industry is just the start, through this idea we can set out to change the world and bring credibility and authentication back into the system. So the next time you purchase those precious diamond for your loved ones, do pause for the benefits that glitzkoin has to offer !!
Website - https://www.glitzkoin.com/
Whitepaper - https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
Telegram - https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
ANN - https://bitcointalk.org/index.php?topic=3355944.0
Published by - Etheran
Profile - https://bitcointalk.org/index.php?action=profile;u=1108165