GXT Business Introduction
Company Introduction
GXT, which is based in the Virgin Islands, is a global company that operates a diamond distribution businesses in Singapore, Dubai, India, Cambodia, and other countries. GXT is also operating a diamond & jewelry distribution platform and jewelry brand.
GXT is creating a “Blockchain Ecosystem in the Diamond Distribution Field” to give value to GXT Token, which means that GXT Token has created a platform that can be used as exchange value.
Furthermore, GXT PLATFORM INC. is operating a blockchain-based diamond and jewelry trading platform (www.gxtworld.com) started by “Bergere”, a jewelry brand with an 80-year tradition established in New York in 1940. Recently, Stonehenge (with Korean idol BTS) an official distribution company of collaboration jewelry products by Silverstone G signed the global official sales partner contract with GXT on Sep. 25th , 2020.
Moreover, for advanced development, GXT issues the non-fungible token (for distribution, the whole process, and information of diamond) warranty (GXT NFT) and provides it when customers purchase a diamond. It is proceeded by blockchain technology in GXT WORLD (diamond and jewelry trading platform) operated by GXT.
GXT presents a new paradigm in the diamond and jewelry distribution ecosystem and aims at long-term continuous growth.
Business Outline
GXT PLATFORM INC. is a global company specializing in diamond distribution and sales, and currently operating GXT World (diamond and jewelry mall).
GXT World is a blockchain-based diamond and jewelry trading platform that sells more than 10,000 diamonds and jewelry.
GXT World issues the non-fungible token (GXT NFT) warranty (for distribution, the whole process, and information of diamond) through Blockchain technology in GXT World, and provides it when customers purchase a diamond.
Through each GXT NFT, diamond information and transaction history can be checked in GXT World, truth and warranty of diamonds and jewelry can be confirmed as well.
GXT is presenting a new paradigm in the existing diamond distribution market by providing the consignment sales system and price-guaranteed program to make highly reliable transaction opportunities.
What is NFT (Non-fungible token)?
The unique ID of non-replaceable tokens and ownership can be checked through the Blockchain ledger. There is metadata processed through the cryptographic function, and the algorithm can calculate 40-digit characters and numerical sequences. Non-replaceable tokens are also used as tools to create possibilities for asset interoperability in games, arts, jewelry, etc.
GXT Platform & Token Introduction
GXT platform consists of a wallet, GXT World, and diamond auction, and it is operated by dividing into GXT token and GXT NFT.
GXT token is the ERC20-based utility token, and GXT NFT is the ERC721-based token, developed and issued as the Non-fungible token (NFT).
GXT Token has been listed in the cryptocurrency exchange, and it can be traded as a utility token.
GXT NFT records diamond information on the blockchain ledger, and it can be used as a warranty. GXT NFT will be sent to customers’ Ethereum wallets when customers purchase the product.
GXT Platform Structure
GXT platform consists of a wallet, and service (diamond and jewelry trading platform, diamond auction).
The GXT token used by GXT World and auctions are collected as the GXT C/A to resell or incinerated.
GXT World Structure
When importing diamonds from the diamond supplying company, diamond information will be received.
Diamond information (country of origin, processing company, production information, unique number, etc.) will be recorded in GXT NFT registered on gxtworld.com.
When customers purchase diamonds and jewelry, credit card, cash, easy payment, and GXT World Points will be available on payment.
GXT NFT will be provided to customers when they purchase diamonds through GXT World.
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