GLITZKOIN - is a highly advanced blockchain based diamond trading platform

Blockchain is becoming more and more implemented in our lives. The possibilities of modern technologies are amazing, and we hear periodically how a new ICO starts in this or that branch, and the new project promises to create conditions for safe trade directly on the basis of blockchain. The industry of diamond mining and sales was not an exception.

Until relatively recently, a few decades ago mining, processing and trade in diamonds was a very closed topic, in which it was difficult, and almost impossible for a newbie to go.

Times are changing, however, and today there are certain difficulties in this area. For example, a well-known fact – in some regions of the African continent, violence against the working class is practiced for high productivity.
Introducing the Glitzkoin project is a blockchain-revolution in its field. The project brought together high-level specialists, some of the management team – representatives of entire dynasties for the extraction of diamonds. Development plans for Glitzkoin are also huge – first of all, the creation of an open blockchain ecosystem, the introduction of a number of unique tools for business and trade in the world of diamonds, making the area much easier and more transparent.

Features of the project

So, Glitzkoin is a start-up, a global project that uses Blockchain technologies and contracts in its work. Thanks to machine training, the risks in the process of conducting banking operations will be minimal. In the future, members of the diamond market will be able to use convenient, reliable sites for the trade in precious stones.

Project Objectives

To achieve the high goals set by the Glitzkoin team, only the most effective, proven and promising tools and the vast experience of professionals in their field will be used. Glitzkoin platform is built for:
– Integration of Blockchain-technology into the industry: a platform with a similar basis will be used to optimize transportation costs. Due to this, all owners of shares in diamond mining companies will be linked;
– control and tracking of operations conducted with diamonds: the parameters of the registered diamond (history, origin of the stone) will be tracked independently. In the event that transportation of products is organized, the owner will be able to track the cargo;
– Decentralization of the market for diamond trading: thanks to this, users will be able to easily sell, buy stones, and minimize the time required for transactions. Users will thus be able to insure the stones that are provided by a third party.

The project guarantees high transparency, using private and public blockchain. The technical model of the platform will be hybrid. The diamond industry is a very rich field of activity, so Glitzkoin will make efforts to ensure a high level of safety. The project will characterize security, confidentiality and maximum availability. Modern Blockchain technology does not meet all the needs of the industry. After all, data about ongoing transactions remain completely open. The security of the network is often uncertain.

Token

GLT – the name of the currency, there are produced 999 million coins. During sales, 1 token is equivalent to $ 0.2. What is really unique is that the project is produced not on ETH, but on the Stellar platform. You can buy tokens for BTC, ETH and XLM. The minimum amount for an investment is $ 100. The lower fee is $ 10 million, and the upper limit is $ 40 million. The project is officially based in Estonia. Sales will continue until June 25.

Bonuses

The first 35 million tokens will be sold at $ 0.12, the next 40 – at $ 0.14, then 50 million – sold at 0.16 cents per share. All the rest (120 million system coins) will sell 20 cents.

On the number of purchased tokens will depend another bonus – for example, if you buy for amounts of $ 500 thousand, the investor receives a 10% bonus increase.

How will all the tokens be distributed:

– 20% share dedicated to the community;
– 25% is allocated for sales;
– 20% market-making pool, excess demand fund;
– 35% will be spent on management needs.

The funds will be used approximately like this:

– 40% of the funds allocated for development;
– 20% of the pool of trade;
– 10% share allocated to legal norms;
– 30% will be spent on marketing.

Site: https://www.glitzkoin.com/
Whitepaper: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf

Twitter: https://twitter.com/glitzkointoken
Facebook: https://www.facebook.com/GlitzKoin-193241214767377/
Reddit: https://www.reddit.com/r/glitzkoin/
Bitcointalk: https://bitcointalk.org/index.php?topic=3355944.0
Medium: https://medium.com/glitzkoin
Telegram: https://t.me/glitzkoin_token

Author:
Bitcointalk Username: saycryptohello
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1336255