GlitzKoin
Crypto Overview
Project Overview
GlitzKoin (GTN) presents itself as a blockchain platform focused on the diamond and precious stones industry. The project aims to create a transparent and efficient ecosystem for diamond trading using blockchain technology.
Purpose and Utility
The stated purpose is to facilitate diamond trading and create a more transparent supply chain in the precious stones industry. The token is meant to serve as a medium of exchange within this ecosystem.
Development and Activity
Recent research shows extremely limited development activity and virtually no updates to the project's infrastructure. The project's social media channels and official communications have been largely inactive.
Real-World Adoption
There is no evidence of significant adoption in the diamond industry or implementation of the proposed use cases. Trading volume is minimal, and there are no verified partnerships with diamond industry participants.
Token Distribution
Information about token distribution and founder allocations is not publicly available, which raises transparency concerns.
Crypto Impact
To assign a comfort level investing in GlitzKoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to GlitzKoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.