GXT & Bitfinex AMA

GXT
3 min readAug 2, 2022

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GXT Telegram Takeover AMA and Airdrop Quiz — Bitfinex Help Center

GXT * Bitfinex

What is Gem Exchange and Trading (GXT)?

Getting a diamond into customers’ hands has always been highly complex. After the gemstone is collected, it should be processed into a diamond by the polishing company. And here begins a gem’s journey: according to the established flow, a diamond will be only passed to consumers’ hands after it has gone through the intermediate collector, dealer, wholesaler and, finally, retailer.

Gem Exchange and Trading company aim to enter the Top 5 of the global diamond distribution market and plans to promote the diamond trading platform business and Bergere brand’s high-grade jewellery franchise business.

Together with Bitfinex, you will be able to learn more about the GXT project and have a chance to get a reward for participating in the ‘GXT Telegram Takeover AMA and Airdrop Quiz’ competition. The competition description and the rules can be found here. To join, you just need to fill in the Google form. Don’t miss your chance to win!

Gem Exchange and Trading (GXT)

GXT is a global company that operates diamond distribution businesses in Singapore, Dubai, India, Cambodia, and other countries. GXT is also operating a diamond & jewellery distribution platform and jewellery brand.

GXT is operated by dividing into GXT tokens and GXT NFTs. GXT token is the ERC utility token, and GXT NFT is the ERC-721 token. GXT NFT records diamond information on the blockchain ledger, which can be used as a warranty. The main goal of GXT is to create a new paradigm in the diamond and jewellery distribution ecosystem at long-term continuous growth.

How GXT Works

GXT World is developed as a trading platform where customers can purchase diamond, gemstone and jewellery products. With more than 10,000 diamonds registered in GXT World, customers can choose and purchase diamonds of various types and grades. Diamond gemstones and jewellery products will be sold by applying blockchain technology and GXT NFTs, which can guarantee the quality of products in further diamond transactions.

Also, GXT strives to contribute to users through game development. NFTP2E games currently under development are also linked to the Metaverse trends. Moreover, through these games, it is possible to increase the token utility, which can positively affect user engagement.

Why is Gem Exchange and Trading Unique

With a strong partnership with IDEX, GXT can distribute natural diamonds with the value of NFT. Based on the stable business relationships, gemstones are distributed to the users who purchase the product with GXT. It creates an opportunity for GXT to broaden its use case without stopping at exercising its utility functions only.

Apart from that, GXT seeks to reach the world of Metaverse and Web 3.0 uniquely: the project intends to allow commerce activities in Metaverse by enabling the virtual try-on of jewellery/glasses and other luxurious products. With this technology, customers will be able to easily try and attain the desired product in a short time.

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