What is Glitzkoin?
Glitzkoin is a global startup that leverages the best of emerging technology, such as blockchain technology, smart contracting and automatic learning to facilitate fraud and risk minimization for banks, insurance companies and open markets in the diamond and gemstone industry. For the diamond industry we provide a complete ecosystem, ranging from a supply chain solution, through diamond tracking and certification, to a decentralized exchange for the diamond business and related services.
Glitzkoin also integrates the latest blockchain technology into the diamond industry supply chain. Changing the landscape of the $90 billion diamond industry, one diamond at a time.
This allows you to perform the following activities:
Eliminate commission agents
A direct relationship of trust is established between buyer and seller by eliminating brokers and intermediaries.
Decentralized logging archive
The paperless records and attributes of all diamonds are stored securely in the blockchain.
Eradicating Fraud
There is no risk of counterfeiting or fraudulent transactions.
Cruz sin costuras operaciones transfronterizas
Habilitar las negociaciones internacionales suprimiendo las conversiones de divisas y otros cargos bancarios.
Glitzkoinutility for the diamond industry
In the diamond industry we introduce the latest technology into the supply chain. In this way, a new platform is established to carry out commercial transactions all over the world. At the same time as reducing transaction costs, Glitzkoin removes the deficiencies inherent in the handling of paper operations. A set of special features are applied to provide a very complex and detailed diamond tracking tool. The decentralization of the diamond market will allow the full exercise of the rights of diamond buyers and sellers. The diamond trade requires the provision of complementary ancillary services such as maritime transport, finance and insurance. These services will be offered by different service providers. The Glitzkoin Project will only integrate them into the platform and will not charge any commission or intermediation for such third party services.
Decentralized stock exchange
Glitzkoin develops a global exchange program that focuses on bridging the gap between the traditional diamond industry and the innovative financial markets led by cryptocurrencies. With an extensive knowledge of the industry, we intend to develop a new and innovative process that allows us to obtain and invest in diamonds as an additional financial asset, all within a transparent and secure context. The Glitzkoin Diamond Exchange makes it possible for everyone to purchase individual diamonds, shares in a high-value stone or shares in a basket of diamonds such as an ETF.
Those who trade have complete confidence in buying and selling, even without knowing the diamond trade beforehand. Because of the decentralised nature of the exchange, the learning algorithm of the machine and the blockchain technology that evaluates the selling price of a diamond, the countervalue of any diamond quoted on the Exchange is absolutely transparent; liquid, because it creates a two-sided market, increasing both supply and demand, and standardised, because Glitzkoin generates a single reference value, an exchange rate and an intelligent contract for each stone.
The Glitzkoin project addresses the issue of prices and the need to unlock diamonds as an investment option using block chain technology. Blockchain technology is best known for providing the foundation for Bitcoin's peer-to-peer (P2P) encryption and payment system. In recent years, the block chain concept, also called the distributed general ledger system, has spread in popularity. This has resulted in several block chain-based applications in the financial sector, in prediction markets, as a platform for Internetof Things applications, etc. Glitzkoin uses the Stellar block chain for its solution. In addition to the underlying distributed ledger, Stellar incorporates intelligent trading capabilities while providing a very high number of transactions at significantly lower transaction costs.
Objectives and functionality of Glitzkoin
Incorporate the latest blockchain technology into the supply chain diamond industry
A global trading system that works with blockchain technology to reduce transport costs, lack of visibility and inefficiencies of paper-based processes.
Connecting all stakeholders of mining companies with retail customers
Global Diamond Tracking and Tracing
Trajectory based on blockchain for certified diamonds.
Annotation of the attributes, origin and history of each diamond
Anti-theft protection through authentication and diamond tracking
Tracking stones throughout your entire value-added journey
Decentralized market for the diamond trade
Facilitate unreliable transactions between diamond dealers
Allowing anyone to buy and sell diamonds
To provide ancillary services such as the shipment and insurance of diamonds supplied by third party suppliers.
Dramatically reduce the time required for the settlement of commercial transactions
About the Token
Token: GLT
Price: 1 GLT = 0.2 USD
Bonus: Available
Bounty: Available
Platform: Stellar
Accepting: BTC, ETH, XLM
Minimum investment: 100 USD
Soft cap: 10,000,000 USD
Hard cap: 40,000,000 USD
Country: Estonia
Whitelist/KYC: KYC & Whitelist
Rout map
Q4 2017
Initial Spark Followed By Background Research;
Development Of Initial Concepts And Diamond Industry Outreach;
Initial White Paper And Design Prototypes.
Q1 2018
Project Scope, Token Use Case Design And Token Economics;
Core Founding Team On Board;
Company In Stealth Mode & Registered In Estonia;
White Paper & Technical Architecture;
Official Website Launch;
Token Presale Launch;
Q2 2018
Launch Of Public Token Sale;
Conclusion Of Token Sale And Distribution Of Tokens;
Diamond Exchange Development;
Start Global Marketing Effort.
Q3 2018
GLT Token Listing On Crypto Exchanges;
Beta Testing Of Diamond Exchange Platform;
Development Of Global Diamond Track & Trace System.
Q4 2018
Decentralized Exchange Deployment;
Global Diamond Track And Trace System Deployment;
Bug Fixes And Enhancements To Deployed System.
Q1 2019
- Adding More Features/Tools To GlitzKoin Diamond Exchange; Continued Marketing To Increase GlitzKoin Awareness.
Team of Glitzkoin
Olga Rosina- Diamond Specialist
Shashank Agarwal - Head of Technology
Lila Ruzaini - Head of Business Development
Dato Alia Hm Jally - PR and Media Relations
Dinesshwaran Yoogan - Marketing Manager
Navneet Goenka - CEO
Mikhail Kozlov - Advisor
Datuk Mat Rabi Abu Samah - Advisor
Paolo Albertelli - Advisor
Links of interest
Website -- Whitepaper -- Twitter -- Facebook Reddit -- Medium -- Telegram -- Ann
AUTHOR
Bitcointalk user: Cjota
Profile: https://bitcointalk.org/index.php?action=profile;u=1640898
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