GLITZKOIN: BLOCKCHAIN ECOSYSTEM FOR THE DIAMOND INDUSTRY

The idea of Glitzkoin is to bring transparency and simplicity to the diamond industry.

It integrates the conventional diamond industry with the latest decentralized internet value system.

GLITZKOIN seeks to transform the diamond industry by diminishing barriers, increasing coordination, and instilling trust in cross-border transactions for the diamond industry.

We aim to build a blockchain based open ecosystem for the diamond industry where all the trade in diamonds can be conducted and coordinated.

Diamonds are Africa's major natural resources and one of the world's most precious resources, with the increase in sales value of diamond jewelry across the globe.

THE PROBLEMS

in the past years, with a current yearly worth of US$79 billion revenue, the diamond industry lacks transparency, objectivity, timeliness, as well as visibility among market participants, thus limiting the size of market available for the sale and purchase of diamonds.

SOLUTIONS

GLITZKOIN was birthed by a team of well determined individuals in the light of the above, in order to eradicate the prevailing challenges in the diamond industry, by focusing on integrating the best features of diamond industry with the utility and functionality of the latest blockchain technology.

VISION:

GLITZKOIN seeks to build a block chain based open ecosystem for the diamond industry, where all the trade in diamonds around the world can be well coordinated and conducted.

GLITZKOIN mission aims at integrating the latest block chain technology into the diamond industry supply chain.

Secondly, it aims at tracking diamond stones all through their value added journey.

The mission is to track all certified diamonds, record its attributes, Origin and history of each diamond for proper accountability

WHAT MAKES GLITZKOIN DIFFERENT:

• It has a good network security as data won't be exposed and also a good internet identity

• There is Privacy as GLITZKOIN uses ZK-snarks and bulletproof to keep transactions data completely private

• It is user friendly as no technical knowledge is required for users or companies.

• It securely records historical data and transactions, allowing suppliers to prove their reliability to buyers and rating institutions.

BENEFITS OF GLITZKOIN:

current Investors and the prospective ones in the Diamond industry have the following advantages via the introduction of GLITZCOIN.

• It helps eliminates fraud because there will be no chance of product misrepresentation.

• It helps establish trust between buyers and sellers thereby eliminating middlemen, thereby elimination of Agency fees.

• It enables easy international transactions without traveling all the way to get diamonds, and also eliminates currency conversion issues, and bank transfer fees etc

DECENTRALIZED EXCHANGE:

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, the 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 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. The Decentralized Exchange that is powered by GLITZKOIN uses proprietary machine-learning algorithms and has been created to bring transparency and coherency to the global diamond markets. The exchange comprises three main elements: the gem composite, which represents a diamond’s gemological perfection; the parallel composite indicating the rarity of a diamond category and the indices composite, giving potential traders market directions for the diamond industry. Diamonds are uploaded to the exchange post regist

TOKEN SALE DETAILS:

Sales ends on June 25th.
KYC and whitelist are required.
Payment for tokens are either in Bitcoin, Ethereum or Stellar.
Minimum purchase of US$100 worth of tokens

For more information regarding the project, these are useful links to GLITZKOIN.

Website: www.Glitzkoin.com
Telegram: https://t.me.com/Glitzkoin
Facebook: https://Facebook.com/Glitzkoin
Twitter: https://twitter.com/Glitzkoin
Reddit: https://reddit.com/Glitzkoin
Medium: https://medium.com/Glitzoin

Bitcointalk profile Link: https://bitcointalk.org/index.php?action=profile;u=2233995;sa=forumProfile

Author: Egbunu Emmanuel