Global Metrology Project, or GMP, aims to create an international network of metrology centers. Find out everything you need to know about the project and its ICO today in our review.
What Is Global Metrology Project?
Global Metrology Project aims to “provide the adequacy of the decision-making”, according to the first line of the website. Metrology, by the way, is the study of measurements.
The goal of the project is to create a network of 100 centers in 70 countries around the world. Each center “will generate huge financial flows”. Scientists at these data centers will contribute to projects around the world.
GMP wants to lead the development of projects in industries like renewable energy, medicine, artificial intelligence, quantum computing, bio-informatics, and more. It also wants to attract unique scientists from across the world in multiple disciplines.
Obviously, solving international problems like renewable energy development and medicine isn’t easy. Let’s take a closer look at how GMP plans to accomplish its goals.
What Problems Does Global Metrology Project Seek To Solve?
GMP claims that social labor accounts for 5 to 10% of operating expenses in the field of metrology. In industries that involve the production of complex equipment, that number rises to 20 or 30%.
Meanwhile, in the developed world, the cost of metrological stations and services costs about 4 to 6% of the gross domestic product (GDP) each year.
Global Metrology Project aims to capture a slice of the $1.5 trillion global measurement market. The whitepaper mentions catering to Russia’s military industrial-complex to provide metrology services, for example (86 of the company’s 100 planned data centers are expected to open across Russia).
How Does Global Metrology Project Work?
Global Metrology Project has been in development since 2014. They plan to launch 200 GMP centers in 70 countries worldwide. These centers will be known as “clusters”. Here’s how the website explains it:
“The Clusters will become a scientific platform for creation and implementation of 1000 amazing projects.”
As mentioned above, the company is specifically aiming at fields like renewable energy development and medicine.
More importantly, Global Metrology Project aims to be extremely profitable. The company claims that it’s expecting to achieve profitability of 400 to 1,000%. Plus, they claim investors can start earning their money back in as little as 10 months (which is the length of time it takes to open a Cluster or data center).
Overall, Global Metrology Project aims to create GMP centers as a reliable strategic partner in the sphere of measurements, tests, and standardization for a variety of industries, including agriculture, construction, manufacturing, transport, trading, and medicine.
At the first stage of the company, annual turnover is expected to reach about $500 to $600 million, which is based on the data centers providing metrology services to 200,000 companies on a regular basis.
The Global Metrology Project Token Sale
GMP is calling their token sale an ITO. The pre-ITO begins on September 28 and goes until October 12.
The first round of the ITO is scheduled for October 30 to November 27, with a second round occurring from February 12 to March 12, 2018, and a third round taking place from May 7 to June 4, 2018.
During the pre-ITO, 30 million GPO tokens will be distributed among early investors at a price of $0.15 per token.
During the first round of the ITO, a total of 220,000,000 tokens will be sold at a price of $0.45. After this round, tokens will be released onto exchanges.
By the second round of the ITO, the developers are selling 100 million GMP tokens at a price of $1.35 per token, and by the third round, they’re selling 50 million GMP tokens at a price of $4.05.
Who’s Behind Global Metrology Project?
Global Metrology Project is led by co-founder Sergey Maltsev, described as a businessman, investor, and philanthropist. Other key members of the team include co-founder Igoy Vasilyev, top manager Alexander Voronin, and top manager Nikolay Golub.
The team reportedly began developing the project in 2015, when they started to procure lab equipment and receive certification and licensing. By 2016, the team had conducted a successful pilot project. They plan to open 86 GMP centers across Russia between 2018 and 2020, with expansion into CIS countries in 2021/2022 and expansion into Europe and Asia in 2022 to 2028.
Global Metroloy Project Conclusion
Global Metrology Project is an ambitious project that promises to make big returns for investors. The company has a 10 year plan where they’re scheduled to open 100 data centers around the world within the next few years. GMP focuses on metrology, which is the study of measurements. The company plans to staff its data centers with scientists, and then partner with corporations to provide data. They claim metrology centers like this can be very profitable, and the team is expecting earnings of $500 to $600 million per year.
Ultimately, it’s tough to figure out many technical details about Global Metrology Project and its plans. The company spends most of its whitepaper and website discussing how its’s a great investment opportunity – they don’t spend much time explaining how the platform works, or how they plan to get the job done.
In any case, you can participate in the ICO by visiting the company online today at GMP.im.