GlitzKoin Project - Amazing Change In Diamond Industry
With the new ICO projects developed especially in recent years, the blockchain has begun to affect every area of our life, every sector of business. I can say that the transparency, reliability, traceability, and invariance which are the features of the blockchain system are what the sectors of the present and the future need in real life. In this article, I will look into the GlitzKoin ICO project which wants to link the diamond sector to the blockchain system.
Diamond has been among the most priceless and beautiful precious stones in world history. For this reason, the diamond has been traded for years. There are historical records of diamond trading in India in the 4th century BC. On the other hand, it has a volume expressed in billion dollars now. It is estimated that about 15 billion dollars worth of diamond raw materials are produced annually, and about 10 million people worldwide are involved, either directly or indirectly, within the diamond industry. In this context, the diamond industry volume of trade in the past and present shows us that it is really promising. Projects for this area can also be considered worthy of follow-up.
WHAT IS GLITZKOIN?
The Glitzkoin Project is trying to integrate the latest blockchain technology with the diamond industry's supply chain. Accordingly, the platform based on the blockchain technology to be created within the scope of the project will enable all the companies and marketers involved in the process to reduce the transportation and other related costs in the sales process. Also, it will establish the connection between all the companies and marketers involved in the process.
What the project really wants to do is to create a diamond identity hash which contains properties, origin, and history of the diamond. In this way, the transparency, firmness, and traceability provided by blockchain technology will be fully realized. In fact, if this project becomes successful, it can lead to a complete paradigm shift in the diamond industry.
With the decentralized diamond trading platform that the Glitzkoin Project will create, it will enable everyone to buy and sell diamonds from anywhere in the world. There will also be safe delivery and insurance options on the platform.
Why Blockchain Technology?
Actually, I mentioned a little about this topic above; but if we need to open it a bit more, In the diamond industry, the project wants to change the diamond trade system that you have to rely on commissioners who are expressed as third parties.
On the platform to be installed with the project, the buyers and sellers of diamonds will be able to exchange with each other considering the diamond identities without any intermediary. With smart contracts, which the blockchain provides, transactions can be performed automatically, without human touch. Glitzkoin Project will bring the diamond sector transparency, traceability, invariance, smart contracting, which are the advantages of the blockchain.
Through the Glitzkoin, mining companies, diamond polishers, certificate holders, retailers, and consumers, all of which are components of the diamond industry on the platform that will be formed, will be able to interact with each other, all of which can take place as rings of the supply chain. Since every process on the platform will be saved in the blockchain network, past transactions and movements of everyone in the supply chain will be the guarantor of future activities.
Decentralized Diamond Exchange
The Glitzkonin Diamond Exchange will be established with the Glitzkoin Project. This exchange market will remove the global and local price differences altogether. In addition, the way to buy and sell the diamonds for everybody will be opened. Those who come to this exchange market for the first time will be able to learn transactions easily. Diamond prices will be made completely transparent and reliable. Diamond prices will be determined by the artificial intelligence elements which are based on algorithms made by the Project’s technical team.
TOKEN Information and ICO Process:
Glitzkoin token ticker is GLT. 1 GLT is at the price of 0.2 USD. Please click here to find out the current price https://www.glitzkoin.com/. You can benefit from reduced prices and awards in the ICO process. Soft Cap of the project is worth $ 10 million and the hard cap is $ 40 million. The project has successfully reached the soft cap, and it is evaluated that it will force hard cap. If you want to join the ICO process, you need to know that ICO sales will end on June 25th.
How the GLT token will be distributed
Conclusion
According to my analysis, I think that the two concrete goals of the Glitzkoin Project are to put the project in the forefront in the sector. One of them is to make an identity of every diamond via hash algorithm, making a fake and genuine diamond distinction through the blockchain. The other is the Glitzkoin Diamond Exchange, where diamonds can be traded via cryptocurrencies. If the team members success with their project, the diamond sector will grow bigger and volume will increase. Of course, as a result of this process, the Glitzkoin Project and Glitzkoin Token (GLT) can become very valuable in the next future.
If you are interested in this unique project, please follow the links for more information:
Website: https://www.glitzkoin.com/
Telegram: https://t.me/glitzkoin_token
Twitter: https://twitter.com/GlitzkoinToken
Bounty thread: https://bitcointalk.org/index.php?topic=3534822.0;all
Author:
BTT Username: techno99
BTT URL:https://bitcointalk.org/index.php?action=profile;u=2034249
ETH: 0x68AAb7e8AD08ebfB91bB44f66Ec38fDe9602c2cB
XML: GCW57WCU7NKOLHPQVRAHCEN6VUH6YAMVTJHD6Y73LFKQEPRNUCCV7KJK
