Diamonds are precious stones which signify the uniqueness, purity, and abundance amongst many other things. Everyone would like to hold even the smallest piece of this precious stone. This precious stone is one of the world hardest material, they are mostly used for luxury to make necklace or jewelry and they are expensive to purchase. Glitzkoin is a blockchain project that wants to leverage blockchain to create a seamless experience between diamond buyers, seller, traders and any other stakeholders that are interested in trading or owning diamond.
What is the Symbolic Meaning of a Diamond?
This precious stone signifies different many things, below is a simple symbolic meaning of diamond by crystalvaults
The Diamond, in its rarity and beauty, is a symbol of purity and innocence, of love and fidelity, and embraces strength of character, ethics, and faithfulness to oneself and others. It is indicative of the loving and open nature with which one came into the physical realm, and encourages the aspect of truth and trust. It is a love-bearing crystal, regarded in antiquity as dependable in its virtues only when received as a gift. Today the engagement ring, wedding ring, and other articles of jewelry symbolize the gift of persons in love. crystalvaults
The Working Mechanism of Glitzkoin Platform
The Glitzkoin is a marketplace for trading diamonds, and for every user of the platform to understand how to carry out a successful transaction on the platform, there is a need to understand how the whole ecosystem works. The next paragraph would highlight working mechanism of the Glitzkoin platform.
The team's goal is to create a platform that is transparency and worthy of trust. The Glitzkoin serves as an escrow between a buyer and a seller. On one hand the buyer meets the seller on the Gltzkoin platform, the buyer converts his equivalent fund to Glitzkoin token and sends it to the Glitzkoin escrow system. It holds the fund of the buyer, and the seller sends diamond for verification by Glitzkoin, and after verification of the authenticity of the diamond, if the diamond is verified by Glitzkoin platform and it passes their criteria, funds are then transferred to the seller in Glitzkoin token and the diamond is further sent to the buyer.
This mechanism helps instill trust between the buyers and the sellers, and helps enhances transparency within the diamond industry.
Further Information
Website : https://www.glitzkoin.com/.
Whitepaper : https://www.glitzkoin.com/dist/img/pdf/Glitzkoin-Brochure.pdf.
ANN Thread : https://bitcointalk.org/index.php?topic=3355944.0.
Facebook : https://www.facebook.com/GlitzKoin-193241214767377/.
Twitter : https://twitter.com/GlitzkoinToken.
Telegram : https://t.me/joinchat/H2lmsxLwenY3S8Fp_CFQBA.
Reddit : https://www.reddit.com/r/glitzkoin/.
Medium : https://medium.com/glitzkoin
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