Gpower ICO Review: Token Sale To Fund Large-scale Manufacturing Of Graphene

Nanotechnology is a term rarely used outside sci-fi movies and hi-tech scholar articles.

The term itself, nanotechnology, was only coined relatively recently. The word first appeared on the 1981 paper Proceedings of the National Academy of Sciences, by American engineer K.Eric Drexler. The paper laid out the principles of molecular engineering, and paved the way for the development of nanotechnologies over the next decade.

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Nanotechnology can be defined as the engineering and manufacturing of systems at a molecular scale. In layman terms, making machines and other technology that include incredibly tiny components.

The materials use for these processes are called nanomaterials, and their applications are plentiful. Electronics, thin coatings for active surfaces, fuel additives, even cosmetics feature nanomaterials.

Back in 2004, fellow researchers at the University of Manchester isolated a new compound, a feat which earned the pair the Nobel Prize in Physics.

The compound in question was graphene, a material made up with millions of ultra-thin layers stacked together. Graphene has some really unusual properties. It is the only carbon-based substance that can conduct electricity, for example. It also features unusual durability and elasticity. The potential applications are plentiful.

Gpower has just launched a token sale to fund the construction of a manufacturing plant in Spain, for mass production of graphene.

This piece is an analysis of the facts available about the Gpower ICO. It should not be read as offering advice or a recommendation. While ICOs have quickly become a popular tool for funding projects and start-ups, they can also be very high-risk for token purchasers.

Additionally, ICOs currently have an unclear legal and financial status. Token buyers may find that their purchase does not offer them any security or equity because the ICO is closer to a crowdfunding initiative than a traditional IPO. As such, any investor who plans to buy tokens during any ICO needs to obtain all relevant independent advice and carry out their own appropriate due diligence.

Gpower: The power of graphene

Graphene is a wondrous material, with highly unusual properties for a carbon-based compound. It has incredible strength, flexibility, it is lightweight, and has amazing conductivity. It has a myriad of different applications across a multitude of industries.

Gpower intends to create a decentralized ‘nano international sales’ platform to develop, present, and sell new graphene-based technologies.

Gpower in figures & quick facts

  • Token Name – Graphene token (GRP)
  • Total tokens issued – 500,000,000 GRP
  • Token value – 1 ETH = 6,000 GRP
  • Hard cap – 2,000 ETH
  • Soft cap – 1,000 ETH
  • ICO Start Date – Q1 2018

The Graphene token

As with any other ICO, the company will issue its own currency, the Graphene token (GRP), which will be based on the Ethereum ERC-20 standard.

Once created, the tokens will be distributed as follows:

  • ICO – 80%
  • Founders and advisers – 11%
  • Pre-Sale – 6%
  • Bounty – 3%

All unsold tokens will be destroyed.

The team

Neither the website nor the Whitepaper present the team behind this ICO’s offering, which is highly unusual to say the least, and not very confidence-inspiring.

It is thus impossible to verify the human power behind Gpower’s proposition.

Social Media presence and digital footprint

A strong presence on Social Media is usually a good indicator of a company’s popularity, though it is not the only factor that determines success.

Here’s the numbers for Gpower at the time of writing (January 2018).

  • Twitter – 744 followers
  • Facebook – 498 followers
  • Medium – n/a followers
  • LinkedIn – followers
  • Telegram – 357 followers

This ICO’s presence on Social Media is rather poor at present. This does not indicate failure in any way, but it does mean that there’s a lot of work to do in terms of reaching out to the wider community.

Solid Social Media presence is key for business development nowadays, so Gpower has a lot of ground to cover to get out there and become known outside local and niche circles.

Competition

This is one key area where Gpower can truly shine, as there currently is no other ICO dealing with nanotechnologies, and certainly none specialized in graphene manufacturing.

This fact puts Gpower in a very advantageous position, which the ICO may or may not know how to exploit.

Website quality & layout

An ICO’s website is the first port of call for any potential investors, and if the site isn’t appealing enough, they will move on and forget about your proposition, no matter how good or viable it may be. It is therefore imperative to design a good website, to make a strong and lasting first impression.

Gpower’s website, while not spectacular, is neat and well organized.

It’s not without its flaws, however. The background fractal graphics, for example, have been used by countless other ICO websites, which either means that the same web design company has done all those sites, or that it is a common resource in whichever web design package has been utilized.

Also, there are some blatant grammatical errors throughout the site, which is unforgivable given the availability of proofreading services worldwide.

These points do detract from the overall experience in this case, and make an otherwise good website into a merely Acceptable one.

Whitepaper

A well laid out, informative, comprehensive Whitepaper is a must for any ICO, if they are to be taken seriously. Documentation is sometimes treated as an afterthought, leaving many companies open to some criticism.

Gpower’s Whitepaper has a number of flaws.

The Table of Contents is merely a table, it is not linked to the actual sections.

The font used throughout is huge, giving the paper a very amateurish look.

There are multiple grammatical and spelling errors across the entire text. Once again, proofreading services can eliminate these. Because of this bad grammar, the paper reads poorly, which may put many investors off.

Overall, Gpower’s Whitepaper ranks as ‘Poor’.

Conclusion

Gpower is a bit of a mixed bag. On the one hand, it offers the possibility of a truly revolutionary manufacturing facility. The company stands pretty much alone on the graphene front, as no other ICO is involved in the production of such useful and viable material.

On the negative side, we cannot see the team driving the ICO forward, the Whitepaper is poorly written, and there is a somewhat amateurish feel to the whole thing.

We’ll keep a close eye to see how Gpower evolves.

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