GLITZKOIN

Blockchain and crypto currency technologies transform the world, and the diamond industry is no exception. Despite some efforts, no targeted ecosystem focused on the diamond industry has been designed to cover the various challenges that the industry faces.

The need for transparency, visibility and objectivity in the diamond industry is felt many decades ago. The need for human contact when processing the purchase or sale of diamonds limited the size of the market. GLITZKOIN focuses on integrating the best features of the traditional diamond industry with the utility and functionality of the latest blockchain technology.

Diamonds have one of the world's main natural resources, and especially Africa. Annually, rough diamonds are mined for the amount of 15 billion dollars. The United States, of which about 8.5 billion dollars. The USA is in Africa. The diamond industry employs about ten million people around the world, directly or indirectly, across the entire spectrum of roles from mining to retail. World diamond jewelry sales continue to grow, increasing threefold in the past 25 years, and now they cost more than $ 79 billion a year.
GLITZKOIN strives to build an open ecosystem based on blocks for the diamond industry, where it is possible to conduct and coordinate all diamond trade.
GLITZKOIN is a global start-up that uses the best of the latest technology, including blockxes, intelligent contracts and machine training, to help reduce risk and fraud for banks, insurers and open markets in the diamond and precious industries. GLITZKOIN provides a complete ecosystem for the diamond industry from the supply chain solution, tracking and certification of diamonds and, finally, decentralized exchange for diamond trading and related services.

GLITZKOIN uses the latest blockchain technology in the supply chain of the diamond industry. This opens up a new platform for global diamond trading. GLITZKOIN eliminates the inefficiency inherent in processing transactions on a paper basis. A set of advanced functions is implemented to provide a very complex and detailed ability to track and track diamonds. The goal is to decentralize the diamond market, it will be very affordable access for buyers and sellers of diamonds. To sell diamonds, many additional support services are required, such as shipping, finance and insurance. These services will be provided by individual service providers. The GLITZKOIN project will only integrate them into the platform and will not charge commissions or brokerage services for such third-party services.
There is no doubt that the implementation of GLITZKOIN will increase the market attractiveness of the diamond industry. Increased visibility of products and acceptance of the crypto currency will allow diamond dealers at all levels to increase their market share. At the same time, the transparency of the whole process and the authentication of diamonds give confidence to both professional and first time buyers of diamonds. The absence of intermediaries and a reduction in transport and other related costs will ensure high competitiveness of prices.

The minimum purchase amount is $ 100 if payment is made through any of these Crypto Currencies - bitcoin (BTC), ether (ETH) and star (XLM). For payment through bank transfer the minimum purchase amount is 10 000 US dollars.
GLITZKOIN creates a global digital journal that tracks and protects valuable assets throughout their lives. GLITZKOIN collects data on the characteristics of assets, their history, owners, in order to constantly create records on the unit. Such a digital incarnation or route map is used by different shareholders throughout the supply chain to form a history of origin, possession and authentication.
More detailed information you can find on the links:
website https://www.glitzkoin.com/
whitepaper https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf