Coinonat News

DiaEx And B2B Trade

Diamond B2B trading typically involves buyers and sellers with a better understanding about diamonds. Issues related to the authenticity of the stone, implications of a certified diamond, general market conditions, approximate market prices, the 4Cs of a specific diamond etc are well understood by participants. These participants on the GLITZKOIN DiaEx Diamond Exchange, would not need much handholding. Equipped with the superior environment that, the blockchain based diamond trading platform provides, B2B diamond traders can easily expand their business operations. These traders will best appreciate the use of the GTN token to settle payments. They realize that, the conventional banking system is hampering efficiency and market penetration. B2B participants on the GLITKZKOIN diamond exchange, will generate a steady and consistent demand for the GTN token.

DiaEx And B2C Trade

The entire structure of the DiaEx diamond exchange is designed to inspire confidence in both, B2B and B2C diamond traders. Buyers in this (B2C) category would consist of consumers, they would be buying the precious stone for themselves or for someone close to them. With little or no formal knowledge about diamonds, these buyers will best appreciate the process of limiting diamond listings to certified stones. Issues related to fake diamonds and the misrepresentation of the 4C parameters for a stone, will be eliminated through the certification process. Buyers in the B2C group could be spread all over the globe, they would not be confined to any specific diamond market. Challenges related to bank transfers, multiple currencies and conversions, will not be relevant – the GTN crypto token would save a lot of time and effort. Buyers can search the listed diamonds by entering the related parameters, with multiple choices to compare and pick from – the chances of being overcharged are highly reduced.

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Read more here.

Our founder, Mr Navneet Goenka, is a 20 year diamond veteran and has created a huge network of diamond traders from across the world.

He has convinced leading diamond dealers of the benefits of a blockchain, and they will be listing their diamonds on DIaEx. This will be the initial supply for the platform.

For the buyers, we will be heavily advertising among the following user groups:

- Diamond Traders in diamond districts across the world.

- Crypto investors looking to diversify their portfolio

- Retail diamond buyers

When you talk about an impartial and unbiased certification, it needs to be done by an independent third party. While the 4C parameters (color, carat, cut and clarity) are very clearly defined for a diamond - sellers are known to set their own standards. There is often an intention to overstate the 4C parameters, the idea is to get a higher price for the stone. There are hundreds of diamond testing labs in the world but, only a handful are internationally recognized. Diamonds listed on the GLITZKOIN DiaEx Diamond Exchange, will need to be certified from a shortlisted (4 to 5) reputed diamond testing centers. Another very important parameter that will be clearly mentioned on the diamond certificate relates to the, authenticity of the diamond. To state that very simply, the stone will be certified as being natural and not factory made.

The promoters of GLITZKOIN are diamond professionals, being in the industry for decades they have a good idea where loopholes exist - and these will be plugged. At the end of the day B2B and B2C transactions can be conducted on the DiaEx diamond trading platform, from any point on the globe. The amazing thing is that both, professional and first time diamond buyers can trade with confidence.

We do hope that the above info answers your doubts. You might be interested to know that, more than $500 million worth of diamonds are currently being processed, verified and cataloged - these will list (first batch) the moment the DiaEx has passed through the testing phase. You can check a more detailed report on diamond certification on the main website at r/https://glitzkoin.com/infopedia/glitzkoin-blockchain-requires-more-than-4cs-to-list-diamond

The difference that we bring to the table is that, our project is headed by a diamond veteran of 20 years. He has been running a publicly listed diamond company for the past two decades, and has spent his entire life in understanding the finer nuances of the diamond trade. He has an established global network of different stakeholders in the diamond supply chain.

Unlike other tech startups, this is a disruption, not from the outside, but from the inside. An industry insider, has decided to take it upon himself to bring about changes in an industry in which, he himself is a second generation stakeholder.

Glitzkoin is essentially trying to build a marketplace, called DiaEx, for trading diamonds. As most of you would know, any startup looking to develop a marketplace, is always faced with the chicken and egg problem. Buyers will only come when there are sellers, and vice versa.

After long hours of explanation and endless sessions to present the concept of a comprehensive diamond blockchain configuration, GLITZKOIN CEO Navneet Goenka, has convinced leading diamond dealers to list their inventory on the blockchain. The list of certified diamonds ready to be listed on the DiaEx Diamond Exchange, now totals a little over $500 million. A significant increase in this list is expected by late October 2018, the same time when the exchange will be ready to run through a thorough testing phase.

The project is poised to bring positive change to an industry that despite its multibillion dollar turnover, has begun to show clear signs of stagnation. Lot of hard work remains to be done but, this would all be possible with your participation.

An asset class is typically defined as a group of securities or assets that behave similarly in the marketplace, and often times governed by the same set of laws and regulations.

Traditionally, there are three asset classes, equities, bonds and cash equivalents.

Diversification Benefits of Diamonds:

In general, diamonds have a low or negative correlation with other asset classes. Singapore Diamond Investment Exchange, had compiled data from 28 different studies to arrive at that conclusion.

Transparency:

Traditionally, it has been very difficult to arrive at accurate pricing for diamonds due to varying factors and frequent change in price lists.

Glitzkoin has attempted to solve that problem, by creating a Diamond Price Estimator, that takes into account all qualitative factors of a diamond, and varying price lists, to arrive at an algorithm for estimating the value of your diamond.

Ease of liquidation:

Using DiaEx, our Diamond Exchange, you would easily be able to liquidate your holdings by gaining access to a worldwide network of buyers and sellers.

We see that a lot of you have raised issues about our ability to create an exchange in the diamond industry which happens to be extremely conservative.
The difference that we bring to the table is that, our project is headed by a diamond veteran of 20 years. He has been running a publicly listed diamond company for the past two decades, and has spent his entire life in understanding the finer nuances of the diamond trade. He has an established global network of different stakeholders in the diamond supply chain.
Unlike other tech startups, this is a disruption, not from the outside, but from the inside. An industry insider, has decided to take it upon himself to bring about changes in an industry in which, he himself is a second generation stakeholder.
Glitzkoin is essentially trying to build a marketplace, called DiaEx, for trading diamonds. As most of you would know, any startup looking to develop a marketplace, is always faced with the chicken and egg problem. Buyers will only come when there are sellers, and vice versa.
After long hours of explanation and endless sessions to present the concept of a comprehensive diamond blockchain configuration, GLITZKOIN CEO Navneet Goenka, has convinced leading diamond dealers to list their inventory on the blockchain. The list of certified diamonds ready to be listed on the DiaEx Diamond Exchange, now totals a little over $500 million. A significant increase in this list is expected by late October 2018, the same time when the exchange will be ready to run through a thorough testing phase.
The project is poised to bring positive change to an industry that despite its multibillion dollar turnover, has begun to show clear signs of stagnation. Lot of hard work remains to be done but, this would all be possible with your participation.

After successful completion of our ICO we are proud to announce that we have completed the first phase of our Diamond Exchange, DiaEx.
We have launched the Diamond Price Estimator, using which you will easily be able to get the market rate for your diamond.
Our algorithm takes into account multiple factors such as:
* Shape
* Size
* Clarity
* Color
* Cut
* Polish
* Symmetry
* Certification
With our tool, you can easily evaluate the value of your diamond and ensure that you are not duped when you go out to sell your diamond.
Find more information here:
http://www.diaex.info/

We will launching the initial version of the diamond exchange in Octoboer of this year.
Stay tuned for more updates. Hi Everyone,
Here are some updates:
After successful completion of our ICO we are proud to announce that we have completed the first phase of our Diamond Exchange, DiaEx.
We have launched the Diamond Price Estimator, using which you will easily be able to get the market rate for your diamond.
Our algorithm takes into account multiple factors such as:
* Shape
* Size
* Clarity
* Color
* Cut
* Polish
* Symmetry
* Certification
With our tool, you can easily evaluate the value of your diamond and ensure that you are not duped when you go out to sell your diamond.
Find more information here:
http://www.diaex.info/

We will launching the initial version of the diamond exchange in Octoboer of this year.
Stay tuned for more updates.

The GLITZKOIN project addresses the pricing issues and the need to unlock diamonds as an investment option using blockchain technology. Blockchain technology is best known for providing the foundation of the peer-to-peer (P2P) cryptocurrency and payment system Bitcoin.

GLITZKOIN utilizes the Stellar blockchain for its solution. In addition to the underlying distributed ledger, Stellar incorporates smart contracting capabilities in a secure fashion while providing a very high number of transactions at significantly low transaction costs.

The integration of blockchain technology into the diamond supply chain will ensure equal conditions for all participants. The future platform will bring together all stakeholders involved in the diamond trade — from the mining process to the sale. This will significantly improve the efficiency of the entire sector.

https://i.redd.it/nszyn8673hc11.jpg

The GLITZKOIN diamond platform is the first major overhaul of the diamond industry in decades. GLITZKOIN is a highly advanced blockchain based diamond trading platform with a crypto currency to facilitate smooth financial settlements, with a strong focus on transparency and security.

Website: r/https://www.glitzkoin.com/#Glitzkoin

#ICO, #Bitcoin ,#EThereum

https://i.redd.it/lq24n24fhac11.jpg

The GLITZKOIN diamond platform is the first major overhaul of the diamond industry in decades. The GLITZKOIN project delivers a high utility blockchain that, provides a win-win trading platform for both diamond buyers and sellers.

Website: r/https://www.glitzkoin.com/

#Glitzkoin #ICO, #Bitcoin ,#EThereum