[ANN] DiaEx, Diamond Exchange launched by Glitzkoin

GlitzKoin_diamonds

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DiaEx successfully completes the pilot run. Actual transactions in B2B and B2C modes - not dummy test data. Over 600,000 GTN tokens transacted to settle payments on the diamond trading platform. Just to recap, DiaEx is an important component of the Glitzkoin project. The first blockchain based diamond trading platform DiaEx is designed to accept the GTN token as the mode of payment.

The pilot run delivered impressive results with no major bugs or updates being thrown up. We are now on track to do full global deployment of the platform within Q1-Q2 of 2019. This is when diamond traders across the globe can buy and sell natural and certified diamonds. The use of the GTN crypto to settle payments, eliminates complications related to expensive and prolonged bank procedures, the issue of multiple currencies and the need for complicated currency conversion calculations.

Check out more details at ... https://medium.com/glitzkoin/600-000-glitzkoin-gtn-tokens-transacted-on-diaex-8c1a106ff87e

GlitzKoin_diamonds

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So China working to launch its very own crypto. And will the crypto community really support it. Crypto analysts agree that, the Chinese desire to be in control of everything that happens in the nation - might dampen market sentiment for the Chinese crypto. We could arrive at a scenario where crypto exchanges listing the crypto from China, would be required to disclose details of all transactions to the Chinese administration. This is something that exchanges would be required to inform their clients about.

As of now, the Chinese crypto has not generated significant interest in crypto circles. More on this topic at https://glitzkoin.com/infopedia/china-crypto-glitzkoin-01-0849

GlitzKoin_diamonds

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Hi Cryptoking1567, while your question is very relevant it is really something that cannot be discussed. Every crypto exchange has a clause where, nothing about a listing can be discussed. We will not confirm whether the rumor about a GTN Binance listing is being is in the pipeline or under consideration. But we will surely make an official announcement if the GTN gets listed on any additional exchange (s). We do hope that you understand our position.

Cryptoking1567

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Read something being discussed regarding the GTN token being listed on BINANCE. Is this true and at what stage are things now. Regards.

GlitzKoin_diamonds

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Trump Hates Cryptos - SO WHAT?

Speaking at a time when Facebook has come close to launching its very own crypto, US President Trump made no secret of the fact that he hated cryptos and did not think very highly of bitcoin either. Interestingly Changpeng Zhao CEO of the world's largest crypto exchange BINANCE, feels that Trumps comments have done good for the crypto world.

We got more on this topic right here at ..... https://glitzkoin.com/infopedia/trump-cryptos-bitcoin-binance-says-ok-01-0941

GlitzKoin_diamonds

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The potential of the Glitzkoin project and GTN token are driven by the fact that, that the project is focused on solving existing inefficiencies in the $90 billion diamond industry. Issues like the presence of a long trail of middlemen in the supply chain and the, fear that buyers have of being, overcharged or receiving fake diamonds - are addressed by the DiaEx diamond trading platform.

While the crypto world has already recognized the opportunities that the GTN token provides, the diamond industry will benefit in terms of improved productivity and increased market scope.

The project brings together one of the biggest luxury industry and the latest technology, related to blockchain and digital currency.

More on this topic at ... https://glitzkoin.com/infopedia/diaex-diamond-sales-gtn-price-crypto-traders-01-0823

thisistheend63

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If a picture speaks a thousand words - this has to be the perfect picture. Awesome depiction of the GTN token against the XLM token. Interesting because at one time it was only the XLM token that could be used to pay for GTN token purchases. This when the GTN was listed on just one crypto exchange - Stellarport. The token currently trades on not one but 3 exchanges, this widens the GTN pairing. You can access the Buy Tokens at ... https://glitzkoin.com/buy-tokens

https://pbs.twimg.com/media/D_CqkwDX4AA5pqd.jpg

GlitzKoin_diamonds

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Hi blocktrasher18, very interesting question and thanks for asking it. Facebook has been talking on and off about launching its own crypto. We at Glitzkoin did realize that they will be legal and procedural hurdles for FB to surpass. The possibility of seeing a FB crypto in the near future appears quite bleak.

You will agree that the Glitzkoin GTN token has withstood some very tough times in the crypto markets. The reckless price movement of Bitcoin drove the markets crazy but, the GTN token managed to stay insulated from the chaos. This is mainly because the token is not totally dependent on crypto world demand. The Glitzkoin project is designed to power the GTN token with not one but, three layers of demand.

So no worry if the FB crypto does not happen. And what if it does? No worry either - Glitzkoin experts feel that, the FB token would likely fill the wide gap that exists between BTC and ETH.

Cheers bro and thanks for asking this very relevant question.

blocktrasher18

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Just an interesting question, the Facebook crypto was due to be released soon - now it looks like Trump is not going to let that happen. Will the introduction of a FB crypto have a negative impact on the Glitzkoin GTN token. And will the cancellation of the Facebook crypto plan negatively impact the GTN.

GlitzKoin_diamonds

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Hi kryptocatz, let's answer your second question first, the one about the mode of payment on the DiaEx platform. YES we do confirm that the Glitzkoin GTN token is the ONLY mode of payment that will be accepted on the diamond trading platform. Since the Glitzkoin project actually evolved from within the glittering industry, we can say with confidence that - diamond traders for long, been hoping for a mode of payment that does not involve lengthy and expensive banking procedures. While it is true that there will be a learning curve as, diamond traders begin to understand and use cryptos, it will be time and effort that is productively invested.

Second question: Stage 2 of the DiaEx launch will allow the purchase of diamonds on the platform. Use of the GTN to settle payments will increase demand for the token. This has the potential to positively impact the GTN price. No speculation, no guesses, no marketing hype, we will all need to work hard for this to happen and develop.

Thanks for appreciating the Gorrilla post on instagram, yes it is true. The crypto world has allowed itself to become a puppet of BTC and ETH for way too long. Its time to build a strong foundation by supporting a wider base of projects and cryptos.

Thanks for your post.

kryptocatz

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Glad to know that the DiaEx platform has been launched at Stage 1, it has been a long wait for us crypto guys. At what stage can we see demand for the glitzkoin gtn token, from diamond traders. Can you confirm that, there will be no other form of payment accepted on diaex besides the glitzkoin token.

Have been following your Instagram account and was impressed with the gorilla post, it is hard but not far from the truth ... https://www.instagram.com/p/Bzanbrxgtk0/?utm_source=ig_web_copy_link

GlitzKoin_diamonds

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Hi Cryptoking, here is a simple explanation of the Stage 1 and Stage 2 implementation of the DiaEx diamond trading platform.

Stage 1: Diamond sellers register and upload their diamonds to DiaEx. A team of Glitzkoin diamond experts, scrutinize all uploads. The information uploaded for each diamond is cross checked against its certificate. A diamond listing that passes all these checks is released on the platform. Verified diamonds are visible on the platform.

Stage 2: Traders looking to buy a diamond on DiaEx will, see all the listings approved in Stage 1. The buying process commences and payments will be settled using the GTN token.

At this point both, Stage 1 and Stage 2 would be running as ongoing processes.

Let us know if this answers your query, we will be glad to provide further clarifications.

Cryptoking1567

newbie

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One quick question, heard that the DiaEx diamond trading platform would be launched for Stage 1 in the next few days. Can you explain what exactly Stage 1 means? We were expecting that the platform would handle trade and use the GTN token to settle payments. Thanks.

GlitzKoin_diamonds

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Hi thisistheend63, you have put forward an excellent observation. The Glitzkoin project team includes personalities with various areas of expertise. Olga Rosina is a Russian diamond expert. Her comments about the price of synthetic diamonds were meant to narrate the present market scenario. The DiaEx diamond trading platform implemented as part of the Gltizkoin project, restricts to natural certified diamonds. Traders operating on DiaEx would use the Glitzkoin GTN token to settle payments.

The price of synthetic diamonds will have no effect on the DiaEx platform, this because DiaEx does not allow trade in synthetic and fake diamonds. Here is a more detailed report on the topic ... https://glitzkoin.com/infopedia/synthetic-diamonds-glitzkoin-team-olga-rosina-comments

thisistheend63

newbie

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Hi Admin, will you care to respond to this query. I have purchased GTN tokens in batches at various price points. The understanding was that the DiaEx diamond exchange, would generate additional demand for the Glitzkoin token. This because diamond traders dealing on DiaEx would use the GTN crypto to settle payments.

And then a few days ago, Olga Rosina the Glitzkoin diamond expert, mentioned that the prices of synthetic diamonds are steadily falling. So will this not lower trade on DiaEx? This would in turn, reduce the demand created for GTN created by diamond traders operating on the DiaEx platform. Is this true?

Saw the report at: https://medium.com/glitzkoin/olga-rosina-at-glitzkoin-explains-price-fall-for-synthetic-diamonds-c736ba9b4183

GlitzKoin_diamonds

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Thanks guys, yes we are on Coinmarketcap now. The link is right at: https://coinmarketcap.com/currencies/glitzkoin/
There a number of numeric details that need to show up on the Coinmarketcap listing, the data is being compiled by them.

We have updated the Buy Tokens page on our website, you can now trade the GTN on Stellarport or Dobitrade or Cointiger.
Details and links are at: https://glitzkoin.com/buy-tokens

Thanks for your support.

Cryptoking1567

newbie

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Hi Koineater007, I suppose that these guys have already made it to Coinmarketcap. Did a casual search on Google and found this.
https://coinmarketcap.com/currencies/glitzkoin/

Koineater007

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How come you guys are not yet on Coinmarket. CMC is like the encyclopedia of cryptos, any specific reason why Glitzkoin is missing an entry there.

GlitzKoin_diamonds

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As announced earlier, the Glitzkoin GTN token is currently trading on the DOBITRADE exchange. It continues to perform well and has worked to take the GTN token to DOUBLE its ICO closing price. You would remember that the Glitzkoin ICO pegged the GTN token in the $0.15 to $0.20 range. The token added 50% to that value and closed 2018 at, $0.30 - this while it traded on the Stellarport exchange.

We earmarked 2019 for new exchange listings for the GTN token, the DOBITRADE listing in April 2019 was the beginning. Trading on the powerful exchange, the Glitzkoin GTN token has hit the $0.40 level. This is a hefty 100% appreciation over the ICO closing value (of $0.20). We added a new exchange listing for the token in the month of may, the GTN now trades on Cointiger.

So you can now trade the GTN token on Stellarport (GTN/XLM): http://bit.ly/2QSUpPh
On DOBITRADE (GTN/BTC, GTN/ETH, GTN/USDT): http://bit.ly/2UPMkgq
On Cointiger (GTN/BTC, GTN/USDT): http://bit.ly/2JO5hct

GlitzKoin_diamonds

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For those of you who wished to stay updated through our Facebook channel, please head right here ... https://www.facebook.com/Glitzkoin/

Topic: [ANN] DiaEx, Diamond Exchange launched by Glitzkoin (Read 2710 times)