The diamond industry is a giant industry, with a volume of $79 billion per year and continues to grow. The production and marketing of diamonds is a time - consuming and expensive process that goes through many intermediaries before the stones reach the end user. The organization of production and supply takes place in several stages, each of which requires the cost of logistics, certification, paperwork, insurance and other bureaucratic costs. In addition, people are not immune from making mistakes and allow the possibility of fraud.

Blockchain technologies allow to revolutionize the diamond industry and make supplies safer, more transparent, economical and efficient. In the end, this will affect the price of the product and allow consumers to get a quality product at the most attractive price, without forcing them to doubt the reliability of the origin of diamonds.

Glitzkoin integrates blockchain, making the diamond industry better!

Glitzkoin is a platform that uses a blockchain-based marketplace to trade diamonds, a smart contract to support transactions and machine learning technologies to support and reduce risks for banks, insurance companies and the diamond industry markets. The platform combines the best technologies of the diamond industry with advanced blockchain technology.

The platform functionality contains three main components:

Blockchain integrated into the diamond industry supply chain

• It supports the global marketplace and provides cost savings in the transportation and processing of diamonds, as well as transparency of transactions throughout all stages of production and efficiency.
• Provides direct interaction between consumers and suppliers.

Tracing and tracking diamonds

• Track all processes related to the production and supply of diamonds.
• Access to all data, including certificates, registrations, diamond properties, transportation, etc.
• Records of the origin and history of each diamond.
• Prevention of theft through authentication and tracking of diamonds at all stages of transportation.

Decentralized marketplace for the trading of diamonds

• Allows you to make trust transactions due to high security and full transparency. Smart contract is a guarantee of honesty of both parties to the transaction.
• Makes buying and selling diamonds available to everyone.
• Provides profitable and reliable insurance, delivery and other support services.
• It allows to reduce time and costs of transactions.

Advantages Of Glitzkoin

Glitzkoin provides direct interaction between buyers and sellers of diamonds, providing favorable conditions for both parties.

Buyers will receive diamonds at a better price by eliminating intermediaries. In addition, consumers will no longer have to use the services of pawn shops and other intermediaries who buy jewelry at a low price, and then resell with a high margin.

Retailers will be able to get more income from the sale of diamonds even at a reduced price, as will reduce the costs of delivery and paperwork.

Only certified high quality diamonds will be available on the trading platform. GIA - the Gemological Institute of America, recognized as the most authoritative jewelers, is responsible for the verification and certification.

The platform provides full control and tracking of deliveries at all stages available to consumers.

The economy of the token and the details of the ICO

The GLITZKOIN tokens act as the main means of payment for the exchange of diamonds and payment for accompanying services. A total of 999 million tokens were issued, 245 million of which are planned to be sold during the ICO. Starting price GLITZKOIN was 0.12 and$ will rise as they reach designated amounts collected. Token purchase is available for Bitcoin, Ethereum, Litecoin, Ripple, and Stellar. Glitzkoin has already collected more than $10 million and at the time of writing the price for the token is $ 0.16 and will be raised to $0.20 at $17.8 million.

Token distribution:

Conclusion

The Glitzkoin platform opens up new opportunities for the diamond industry, making production more efficient and less time-consuming. The global marketplace will provide easy access to diamond trading to retailers and consumers around the world.

This will help to expand the diamond market and provide customers with more competitive prices with high safety and reliability of the origin of diamonds, increasing customer confidence. Glitzkoin is undoubtedly a promising project and it is able to transform the diamond industry.

More information about the Glitzkoin project can be obtained from official sources:

WEBSITE: https://www.glitzkoin.com
TELEGRAM: https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA
WHITEPAPER: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=3355944.0
FACEBOOK: https://www.facebook.com/GlitzKoin-193241214767377/
TWITTER: https://twitter.com/GlitzkoinToken
REDDIT: https://www.reddit.com/r/glitzkoin/
MEDIUM: https://medium.com/glitzkoin

MY BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=1238493