Glitzkoin: Bringing the Diamond Industry to a New Level

🔹INTRODUCTION🔹

Diamonds are the hardest substance on Earth with a glittering appearance that makes them unique among all other mineral resources. As a result of these uniqueness, they are widely utilized by several industries as abrasive and many people aquire them as assets. One carat of diamond estimated worth is $10,000 with a forecast to increase in years to come. Due to this reason, many people aquire diamonds as a future asset. However, despite the huge demand in the diamond industry, transactions are still made through direct contact between the buyers and the sellers. This could leads to so many issues, If you have to carry a huge bag of cash to purchase diamond in private, there is a high tendency that you will get robbed during the transaction because security is not guaranteed. As a result of this, there is a need for a platform that will enable diamond traders to trade it without personal contact. Fortunately, Glitzkoin has emerged with a platform that will make use of Blockchain Technology to solve the existing problems.

Glitzkoin is a network that enables all diamonds traders to conduct their trading activities on the network. This platform seeks to connect the buyers and the sellers together, whereby they can trade without fear because the platform provides security with the use of blockchain technology. Glitzkoin also makes use of blockchain technology to provide transparency and security to all the users of the platform. Glitzkoin gives way to all diamonds buyers and sellers to connect with each other anywhere in the globe. This platform also enable everyone to invest in diamond business same way that can invest in any financial platforms and profit thereafter.

🔹THE CHALLENGES IN THE DIAMOND INDUSTRY🔹

The industry is full of people that makes use of diamonds as a store of value. Diamonds are also used to produce other products that beautify the world. However, the industry faces some challenges such as high cost of diamonds which above average man’s capacity, transaction fees are always high, there is no trust between the buyers and the sellers and transactions records are still stored on paper which are not secured and can be tampered with by thieves.

Glitzkoin brings solution to these challenges through the use of three module components

Glitzkoin provides a decentralized exchange platform which connects the dealers in the diamond industry and all traders that are interested in investing into the diamond industry. With Glitzkoin, users are now able to invest in diamonds in the way they invest in other financial assets. Glitzkoin provides a transparent and secured platform with the use of decentralized technology leaving out the middlemen.

Glitzkoin has also invented a means whereby all diamonds can be traced and tracked. With this Glitzkoin ensure protection of valuable assets throughout the platform. Glitzkoin will gather all information about a particular diamond such as the origin and the ownership to create a living record in the blockchain. Glitzkoin also collects all the fingerprints of the dealers to further ensure safety.

In conclusion, Glitzkoin provides a privacy option created only for the diamond industry. This platform provides tight security of the blockchain in other to serve the diamond industry in a better way.

🔹ICO INFORMATION &TOKEN DETAILS🔹
Token Sale: Ongoing
Token End date: June 25th
KYC/AML: Yes
Accepted Currency: BTC, ETH, XLM