The diamond mining industry has an essential role in world trade, as jewelry and diamonds have always been a symbol of prestige. This sphere is very large and occupies a worthy place in the world industries. In the diamond trade, there is a saying, "appreciate the owner, before you evaluate his property."

The modern diamond industry has many problems that many people face:

• Demand for jewelry is decreasing. Currently, other luxury goods are being competed with diamonds. Thus, diamond producers should increase considerable investments in this area. Based on statistics, in 2017, many manufacturers invested about $ 150 million, which is 50% more than in the previous year.
• Diamonds from laboratories. This is a massive danger for the industry as a whole, since such types of diamonds can illegally penetrate this diamond market, or they can catch up with their share. Now many manufacturers are aware of this, and they are trying to stop the supply of diamonds in the laboratory and prevent the replacement of natural stone. Other participants support these measures and are rapidly developing new detection technologies.
• Financial stability. The major players have solid businesses, still, they constantly face chronic financial obstacles: financial security, out-of-date business models, price volatility and so on.

Generally speaking, the diamond industry needs significant reforms, ensuring transparency, honesty, financial stability and demand increase. As technologies develop, innovations should also be integrated into this particular domain of business.

Glitzcoin can improve the diamond industry with the latest technology!

GLITZKOIN brings convenience into the business. Now, it is combined with the latest decentralized system based on the blockchain. This gives users the opportunity to provide the new ways of diamond evaluation.

GLITZKOIN is an advanced trading platform for diamond, merged with the cryptocurrency-based blockchain. It gives complete protection and transparency for users. It’s a real revolution in the diamond industry, so diamond trading will now have more updated standards.

GLITZKOIN also applies smart-contracts to reduce the fraud and risks for banks. Moreover, it has a decentralized exchange for diamonds trading.

Now traders can be fully confident in every diamond-related transaction, as GLITZKOIN technologies can evaluate their price in this market. The price that is introduced on the exchanges will be completely transparent. Thus, there will be possible safe deals between those who offer diamonds on the market and those who buy them.

How does it work?

Proceeding from the foregoing, GLITZKOIN uses unique machine learning algorithms to ensure transparency in the diamond market. That favorably affects the market participants and their transactions.

GLITZKOIN has three main components:

• a composite gem: this feature denotes the gemological perfection of a diamond;
• parallel composite: affects the rarity of the type of gem;
• compound indices: These indices indicate the directions that are necessary for traders in the diamond market.

This project will establish stable prices, as well as provide the diamond industry for many traders, thanks to Blockchain technology, which will ensure complete security of transactions and transparency in this direction.

What is the use of Glitzcoin?

Now the purchase of diamonds and precious stones will be available to everyone.

Imagine that you want to buy a rare gem and for today you can do it only through certain brokers or organizations that you have to pay a certain amount. Otherwise, you can stumble on scammers and a fake copy.

With the help of the Glitzcoin platform, you do not have to contact intermediaries and bear specific risks, as well as spending extra money. You will receive a real valuable precious stone, not a fake. It's also good that no documents are needed, all data about the stone will be stored in a decentralized database in complete safety.

ICO

So, here are some ICO details.

• Softcap: 4.200.000 USD
• Hardcap: 41.800.000 USD
• Issued Tokens: 245.000.000 GLT
• Token price: 1 GLT = 0.2 USD
• Minimum purchase: 500.0 GLT
• Payment: ETH, BTC, XLM, USD
• Location: Estonia

Conclusion

Before us is a project that provides innovative solutions to one of the most promising industries in the world using blockchain technology.

My opinion is that the project has very great prospects and the demand for such a platform will only grow, based on the advantages I described above.

I think that ICO will be successful and the hard cap will be collected, by the way already raised more than $ 10 million in the course of the sale. Among investors, the project is discussing, and every day new participants are participating.

Links that you can use when studying the project:

Official website
Whitepaper
Bitcointalk ANN Thread
Bitcointalk Bounty Thread
Telegram
Medium
Bitcointalk Username: CapnBDL
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=212645
My Ethereum address: 0x577FA2553Af35908072Af7fc61270fd98022002b