Crypto Demand, Aiming For Multiple Sources

I have stated on various platforms that, the crypto community needs to make a better connection with the real world economy. Doing this will not only increase acceptance of cryptos but also, reduce the levels of criticism and apprehension towards them.

When conceptualizing the Glitzkoin project, we decided that increasing the usage of our crypto (GTN) would be the best way to make it more acceptable. At the very first level, the token would trade on the crypto exchange, this is currently happening on the Stellarport Crypto Exchange. Seasoned crypto traders have loyally supported the project through the ICO (ended June 2018) and even after that.

The project includes a comprehensive diamond trading platform - DiaEx. It supports B2B and B2C trade in diamonds. Geographical location, the size of the trader and the currency involved become irrelevant. The GTN token is the designated mode of payment on DiaEx. This quite obviously generates another stream of demand for the Glitzkoin GTN token. The good thing is that, the diamond community has for long, wished to have a mode of payment that was not tangled in cumbersome and expensive banking procedures.

A third and very unique effort that is currently being undertaken involves, business houses accepting the GTN token as a mode of payment. This will initially be taken up on pilot basis and we have some encouraging news here. Online ticketing giant Myticket.Asia and Glitzkoin have officially signed an agreement that makes, the GTN an accepted mode of payment on the portal. This is yet another potential source of demand for the Glitzkoin GTN token.

Increasing the demand sources for a crypto delivers multiple benefits. Besides bridging the gap between technical innovations like blockchain and cryptos, it also increases trade volume for the crypto on the exchange. This is something that draws high interest from crypto enthusiasts. In the case of Glitzkoin, we recognize two distinct groups of stakeholders - crypto traders and the diamond industry. The project remains focused on improving productivity and market scope for the multi billion dollar diamond industry.

Related Resources: [Glitzkoin Updates] [Glitzkoin Youtube] [Glitzkoin Instagram]