Global Profit Technologies Review: The Joseph Nemeth Scam

Welcome to the Global Profit Technologies review. The official website can be found at glpt.io and the project’s operation is overseen by one Joseph Nemeth.

Global Profit Technologies is also a publicly traded company under the symbol GLPT.

The company has developed a standard ERC20 token known as Global Currency Unit (GCU) which is set to launch soon.

In addition to this, Global Profit Technologies is offering automated trading software for Forex (4X-DAT) and Cryptocurrencies (Crypto-DAT) respectively.

They claim that Crypto-DAT is still under development and that for traders and investors to access either of their automated trading software, they will need to subscribe using GCU tokens.

I GCU token is an equivalent of $1. One month license fee for the Crypto-DAT software is worth 1,000 GCU or $1000.

An annual license fee for the Crypto-DAT software is worth 10,000 GCU. A lifetime license costs 100,000 GCU.

Global Profit Technologies has partnered with a highly controversial and potentially scam Forex broker, Automata FX, Ltd.

Automata FX, Ltd claims to provide traders with institutional-grade execution and liquidity.

The automated trading platform run by Automata FX is powered by GLPT’s 4X-DAT® technology.

The broker is currently allowing traders and investors to work with them through Managed Account offerings or personal trading accounts which come with trading strategies that users can download.

With such a massive and elaborate Crypto project that Global Profit Technologies is, many people are wondering whether this is a genuine investment operation or a typical run-of-the-mill ETH scam.

That’s the question we’ll be addressing in this Global Profit Technologies review.

Global Profit Technologies review

The whitepaper of the company does not provide information about the team members. It only mentions the founder, Joseph Nemeth who claims to be a trader and software engineer with 15 years of experience.

In fact, Joseph claims that he has been trading a variety of instruments which include Forex, Futures, Equities and Options.

It’s quite difficult to ascertain of truth of his track record as none of this information is verifiable. For example, we don’t have proof of successful trading on his website or his past projects either.

So whether he is a professional trader or not is something we are not able to confirm.

Him and his team have allegedly worked on automated trading strategies that will give traders an advantage in a market created to profit from the losses of traders.

4X-DAT and Crypto-DAT software for trading

These are their two main products with the exception of Crypto-DAT which is about to be launched.

They claim that 4x-DAT is an advanced, fully automated Forex trading solution for all Forex traders. 

Global Profit Technologies 4x dat software

Joseph claims that he has put more than 50,000 hours in programming 4X-DAT software. He claims to have worked on the technical analysis, live testing, and experimental trading after creating 80,000 lines of programming codes.

The 4X-DAT trading software is fully customizable with multiple options for trading trends and ranging markets. Traders can set their take profit and risk level tolerance.

4X-DAT also provides unlimited number of trading strategies. Joseph Nemeth claims that this is the closet thing to the ”Holy Grail” of trading.

On the other hand, the Crypto-DAT is designed to trade Cryptocurrencies. They claim users will enjoy hedge fund level automation.

Global Profit Technologies GCU Airdrop

On the official website of Global Profit Technologies, they claim to offer advanced trading tech for a new era. The software in question (4X-DAT) is being offered for free as long as users hold GCU tokens.

The tokens will be distributed to exchanges where they can be acquired by third party.

The company also claims that users will receive free airdropped GCU tokens when they spread the word and invite people to the airdrop.

To get started, users are required to download a special Crypto wallet and insert 25 emails of people who might be interested in GCU tokens.

Once the emails have been confirmed, the company will immediately load the user’s wallet with free GCU tokens.

Is this a scam?

The value of GCU tokens can only increase if Global Profit Technologies has achieved its purpose. The main goal of this company’s operation is to distribute revolutionary trading software for Forex and Crypto trading.

They say that only their 4X-DAT software is ready for use and that Crypto-DAT software will be ready in the coming days.

Therefore, the value of GCU tokens is solely based on trading software and the stocks of this company which are publicly being traded under the symbol of GLPT.

In the next few months, users will acquire GCU tokens by actually spending real dollars to get them. But as soon as investors have bought these GCU tokens in quantity, they’ll want to sell them in what is known in the Crypto circles as a pump and dump.

Actually, the reason why Global Profit Technologies wants as many people as possible to be involved is because they want to drive the price up.

Holders of the token can then sell to unsuspecting investors who have no idea how token economics work. Soon these investors will be left with nowhere to convert their GCU tokens back to dollar money.

In the end, Global Profit Technologies may end up exiting the scene just like many exit scams have done. This is a very common thing in the world of ponzi scheme and ICO/airdrop.

Conclusion

Thanks for reading this Global Profit Technologies review. You should exercise caution when getting involved with this company’s products or services.

You should use these guidelines to determine whether or not this company is actually intending to scam investors in the long run.

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