Overview : GLITZKOIN has assembled a team of technical experts combined with tenured management professionals with decades of experience in the diamond industry. Moreover, they have widened the scope by going beyond the issue of crypto currency and intend to construct a diamond trade platform.
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Glitzkoin (GLT) ICO (Token Crowd Sale) Details
| Name | Glitzkoin : Pioneering the Diamond Blockchain |
| Ticker | GLT |
| Platform | Stellar |
| Token Price | 1 GLT = 0.2 USD |
| Available for Token Sale | 245,000,000 GLT (25%) |
| Token Sale Date | 03/16/2018 - 06/25/2018 |
| Review | - |
Blockchain technology and Crypto currencies are transforming the world and the Diamond industry is no exception. Despite some nascent efforts, no blockchain ecosystem focused on the diamond industry has been designed that encompasses the various issues faced by the industry.
The need for transparency, visibility and objectivity in the diamond industry was felt many decades ago. The need for person to person contact when processing a diamond purchase or sale, limited the size of the market. GLITZKOIN focuses on integrating the best features of the conventional diamond industry with, the utility and functionality of the latest blockchain technology.
DIAMOND INDUSTRY
Diamonds are one of the world’s, and specifically Africa’s, major natural resources. An estimated US$15 billion worth of rough diamonds are produced per year, of which approximately US$8.5 billion are from Africa (approximately 65%). The diamond industry employs approximately ten million people around the world, both directly and indirectly, across a wide spectrum of roles from mining to retail. Global diamond jewelry sales continue to grow, increasing three-fold in the past 25 years, and are currently worth in excess of US$79 billion every year.
The diamond jewelry supply chain (known as the diamond pipeline) is the process that brings diamonds from the earth to consumers. It has several different stages:
VISION
This document outlines GLITZKOIN’s vision for the diamond industry. GLITZKOIN seeks to build a blockchain based open ecosystem for the diamond industry where all the trade in diamonds can be conducted and coordinated.
GLITZKOIN is a global startup that uses the best of emerging technology including blockchain, smart contracts and machine learning to assist in the reduction of risk and fraud for banks, insurers and open marketplaces in the diamond and precious stone industry. We provide a full ecosystem for the diamond industry from a supply chain solution, to tracking & certification of diamonds and finally a decentralized exchange for the trade of diamonds and related services.
GLITZKOIN UTILITY FOR THE DIAMOND INDUSTRY
We incorporate the latest blockchain technology into the supply chain of the diamond industry. This opens up a new platform to conduct global trade in diamonds. Besides reducing the costs related to a transaction, GLITZKOIN eliminates the inefficiencies that are inherent to paper based transaction processing. A set of advanced functions are implemented to provide a very intricate and detailed, diamond tracing and tracking capability. The objective is to decentralize the market place for diamonds, this will vastly open up access for buyers and sellers of diamonds. The diamond trade does require additional ancillary services like shipping, finance and insurance. These services will be provided by separate service providers. The GLITZKOIN Project will only integrate them in the platform and not be charging any commission or brokerage for such third party services.
MARKET TRENDS AND POTENTIAL
There is no doubt that the implementation of GLITZKOIN, will increase the market reach of the diamond industry. The increased visibility of products and the acceptance of a crypto currency, will make it possible for diamond dealers at all levels to increase their market share. At the same time, the transparency of the whole process and the authentication of the diamonds, will instill confidence in both professional and first time diamond buyers. The absence of middlemen and a lowering of transportation and other related costs, will allow for highly competitive pricing.
Token Info |
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| Token | GLT |
| Platform | Stellar |
| Price in ICO | 1 GLT = 0.1 USD |
| Tokens for sale | 245,000,000 GLT |
| Tokens supply | 999,000,000 GLT |
Investment Info |
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| Soft cap | 4,200,000 USD |
| Hard cap | 41,800,000 USD |
| Accepting | BTC, ETH, XLM, FIAT |
| Min. investment | BTC, ETH, XLM = 100 USD FIAT = 10,000 USD |
| Restricted countries | United States of America |
| Whitelist / KYC | Yes / Yes |
| Bonus | Tier 1 = 0% Tier 2 = 5% Tier 3 = 8% Tier 4 = 10% |
| Main Sale Date | 03/16/2018 - 06/25/2018 |
___ Advisors ___
 MIKHAIL KOZLOV | Leveraging his strong business acumen and thorough knowledge of finance and economics, Mikhail Kozlov was one of the contenders for the post of President during the last elections in the Russian Federation held in March 2018. He is also an active participant in high profile television forums where he, shares his expertise in business management and managerial resource development. Mikhail Kozlov spearheads the business plans of GLITZKOIN in Russia. |
 DATUK MAT RABI ABU SAMAH | Retiring as the Chief Of Staff in the Malaysian Armed Forces, Vice Admiral Datuk Mat Rabi Abu Samah ( Retd) has over the past decade, played a significant role in shaping the Malaysian corporate landscape. He is an alumni of the IMD in Switzerland and has served on the boards of Khazanah Nasional, Langkawi Tuna Berhad and Wilhelmsen Ship Services. Datuk Mat Rabi Abu Samah, is currently the Director of BHIC BOFORS ASIA SDN. BHD. With the public and private sectors in Malaysia, showing a high degree of interest in the GLITZKOIN project, we are honored to have the Vice Admiral (Retd.) on our advisory board. |
 PAOLO ALBERTELLI | With more than two decades of expertise in crafting fine jewelry, Paolo Albertelli is a well known personality in his profession. He has always shown a keen interest in new technologies related to jewelry production and has played, an active role in promoting the Italian jewelry industry. Paolo has partnered many developmental projects that, aimed at bringing technology to lift, fine Italian jewelry to the next level. Some of these projects have now developed into patented processes and equipment. His profession and passion to share his knowledge and expertise, has taken him to over 50 nations. He continues to attend global jewelry shows across the globe as an invitee. |
| 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 |
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9.0 / 10.0 |
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4.1 / 5.0 |
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4.4 / 5.0 |
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