The GLITZKOIN GTN token is traded on the Sellar marketplace, this because the project is based on the Stellar infrastructure. The technical details provided here, will guide you through the process of buying GTN tokens.
- An XLM (Stellar based) wallet is required to hold the GTN coins. Use one of these independent clients to make your wallet - Stellarport.io, Stellarterm.com, Interstellar.exchange
- The activation process for the newly created wallet, will require the transfer of 2 XLM tokens into it. Use an exchange like Binance, to buy your XLM tokens. Keep in mind that, you will also need XLM tokens to ‘pay’ for your purchase of GTN tokens.
- With the wallet setup being completed, you will have access to your very own ‘private key’, do not disclose key details to anyone. You will need this this key to login to your wallet and also, when you wish to trade your tokens.
To ready your wallet to receive GTN tokens, accept the GTN asset in it. CLICK HERE FOR DETAILED INSTRUCTIONS, on accepting the GTN asset.
- Just to repeat something that we mentioned earlier, the GTN token is trading on the Stellar marketplace. It is therefore necessary to pay for a GTN token purchase in XLM (Stellar) tokens.
Before moving to the next few steps, here is a quick recap of what you would have accomplished at this stage. You would have used, one of the three independent clients mentioned above and created an XLM wallet to hold the GTN tokens. Transferring 2 XLM tokens, you would have activated the wallet. The GTN asset would have been accepted into the wallet. XLM tokens would have been purchased to pay for the GTN tokens that you would be purchasing. We will now guide you through the rest of the process, screenshots have been included to better explain the steps.
Screen shots used to explain the steps, have been captured from Stellarport.io and other Stellar clients mentioned above would have similar screens.
Login to your Stellarport.io account. Follow the same process if you used another of the three clients suggested above. Click on the section marked Assets and search for GTN – as in the screen shown below. [SL-01]
The ‘Verified’ GTN asset would be the first option [SL-01], click it. You should be able to view the trading volume and historical prices for the GTN token. This is shown in the screenshot appended below [SL-02].
Look for the ‘Trade’ button on the upper left side of the screen [SL-02], click it. The screen that appears [SL-03] will display the current trading price for the GTN token – this is shown in terms of XLM tokens. Still on the same screen, notice the ‘Buy’ and ‘Sell’ buttons, these would be of interest to you if, you wish to trade in the GTN token. Step back a moment and recollect what you have been reading above. Payments for GTN tokens purchased, will be made using XLM (Stellar) tokens. You will therefore need to purchase, the corresponding number of XLM tokens to proceed with your purchase. This can be done, through a crypto exchange like Binance. Once you have done this, the number entered in the ‘Buy’ option, would imply the number of XLM tokens that, you wish to convert to GTN tokens. It might be a good idea to read this STEP 3 paragraph twice to ensure that, you have fully understood the content.
This step will require the ‘signing’ of the transaction. Of the options provided [SL-04], we would recommend using the ‘private key’ method. This is the key that we spoke about, right at the beginning of this report, at the time when you made and activated your wallet. Entering the private key will ‘sign’ the transaction and submit it to the network.
You have completed your part of the transaction, wait for the notification confirming the GTN token purchase.
Welcome to the GLITZKOIN mission, we will together be focused on revolutionizing the 90 billion dollar diamond industry. The first diamond blockchain to be promoted by a veteran from the industry. And at this point, the only Diamond Exchange to fully support diamond trade breaking, geographical barriers and eliminating the challenge posed by multiple currencies. With the GTN token being used to settle payments, the token would have an additional stream of demand generated by the trading activity.