Glitzcoin — Diamond Industry Powered by Blockchain

The word “diamond” makes every girl’s heart melt and eyes shine. We usually associate this word with jewelry, but this is just the tip of the iceberg. A giant industry which employed about ten million people stands behind this magic word. The mining of diamonds is growing year by year as well as jewelry trade. The entire process from being mined to being sold as a peace of jewelry is called “the diamond pipeline”.

Blockchain technology and cryptocurrencies have become popular among people today. The interest to these technologies is growing fast as well their market capitalization. Diamond industry is one of the world’s most expensive industries as well. As for me, it is pretty natural that these two industries were united within GLITZCOIN platform.

The main idea is to create the platform, where diamonds and other precious stones could be sold. The whole diamond industry is represented by several parties, such as miners, polishers, certification authorities, sellers and, of course, buyers. But there is no common database for these parties, so that they could share information with one another.

Blockchain technology can bring more safety and more liquidity into the industry at the same time. It may sound like a little nonsense, but GLITZCOIN platform utilizes a hybrid technical model. this model is represented by symbiosis of private and public blockchains. Private ones will store the private data of every party, and via public ones they will be able to share information.

Using GLITZCOIN platform any person will be able to buy a diamond online without any risks of fraud. All the information and certification documents about each stone will be stored on blockchain. All the laboratory tests data and a stone’s history will be available for buyers.

All payments within the platform will be made in GLITZCOIN cryptocurrency. The transactions will be fast and transparent, with no additional fees and no need to convert the assets into another currencies.

GLITZCOIN platform makes diamonds more affordable, because it excludes third-parties (like brokers) who usually charge really high commissions. Each stone’s value will depend on its defining characteristics like origin, quality and history.

The platform offers additional services like insurance and worldwide shipping service. Any of them can be booked online from anywhere in the world.

GLITZCOIN team is really enthusiastic about this project. Also, there is a board of talented advisors who help the team develop their marketing strategy. Now the project’s team are going through the stage of crowdfunding in order to receive more support from the community. Anyone can buy GLITZCOIN token for Bitcoin, Ethereum, Litecoin, Ripple or Stellar. The tokensale is divided into four steps. On the first step token price will be Usd 0,12; on the second step — Usd 0,14; on the third step it will rise up to Usd 0,16, and during the final step token price will be Usd 0,2.

To find out more information about the project you can visit the official website: https://www.glitzkoin.com/

All the details about the project and its technical specifications can be found in the white paper: https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf