Diamonds are priceless and valuable resources and they constitute some of the world's major natural resources. But, for the easy, smooth and favourable transaction in the diamond industry, someone needs to have experience, seek knowledge, and understand the rigours of the market. Everyone wants to either mine, sell or buy diamonds because of its huge value. But the question is, are you ready to face the rigorous task ahead?
In order to avoid the rigours, stress, other complications, and to also ensure that all the stakeholders involved in the transaction get a good bargain, Glitzkoin was initiated. Glitzkoin seeks to revitalize the diamond industry by eliminating barriers, building trust among stakeholders and increasing the level of coordination. It is a systematic and computerized process of ensuring the seamless transaction of diamonds.
Glitzkoin tends to use the best of the newest technology which includes smart contracts, blockchain and machine to ensure that there is coordination and transparency in the diamond industry. Rather than using the ineffective paper-based technology, Glitzkoin removes these inadequacies to give rise to a smooth and coordinated transaction.
If the Glitzkoin project is executed, it will ensure that diamonds get to the rightful consumer. Also, the use of cryptocurrency as a means of payment coupled with the increased visibility of products will propel all diamond dealers regardless of their status to increase their market share. Moreover, the transparency of the whole transaction in addition to the authentication of the product will repose trust and confidence in the regular, professional and first-time diamond buyers. Competitive pricing will be achieved due to the absence of middlemen and reduction in the cost of transportation and other miscellaneous costs.
The modes of payment accepted by Glitzkoin for their token sale includes; Ether (ETH), Bitcoin (BTC), Litecoin (LTC), Ripple (XRP) and Steller (XLM). The ICO process started in Q4 2017 with an initial spark followed by comprehensive research. At this period, the prototypes and the initial white paper were also designed. During Q1 2018, the official website was launched followed by the token resale launch. Q2 2018 was the period whereby the public sale token was launched and the company also started the global marketing promotion. They also have plans for Q3 2018, Q4 2018 and Q1 2019 to ensure a well-structured and organized process.
This remarkable project was initiated and executed by a group of professionals namely; Navneet Goenka (CEO), Lila Hussain (Head of Business Development), Shashank Agarwal (Head of Technology), Nilesh Agarwal (Head of Product Development), Olga Rosina (Diamond Specialist), Dato Jally (PR and Media Relations), and Dinesshwaran Yogan (Marketing Manager).
Although Glitzkoin is a global startup, the real fact is that the project will transform and revitalize the diamond industry. If you are reading this article and you are enthusiastic about the diamond industry or you want to engage in the business, I recommend that you contact the company to assist you. You have nothing to worry about as they will ensure that you get the full value for your money when you buy their ICO. For more information about GlitzKoin, you can check out these links; website, whitepaper, telegram, twitter, facebook.
Author - Coltpython
