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Giga Watt ICO

Purply

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in Initial Coin Offerings

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Purply

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Giga Watt (the former MegaBigPower), a USA-based company offering crypto mining hardware as well as hosting for it and of course enough electricity to power it and keep it cool. The company offers also users to host their own existing miners and even an add-on paid option of emergency equipment repairs in case of an issue in order to minimize downtime. The release of the WTT token allows the token holders to gain access to Giga Watt’s facility at a lower hosting rate, which in turn significantly increases the mining rewards. Each Giga Watt Project Token (WTT) represents the right to use the Giga Watt processing center’s capacity, rent-free for 50 years, to accommodate 1 Watt’s worth of mining equipment power consumption. Token owners can use the capacity they purchase to accommodate their own miners or if they don’t own or plan to purchase any miners to take advantage of the hosting offer to just rent it out to other users. The idea that Giga Watt has is to use the token sale to be able to expand their capacity and to reward token holders that help them achieve that, so a win-win for both sides.

 

The WTT tokens are being distributed via the new Cryptonomos platform for token sales as well as management. The Giga Watt (WTT) Token is essentially the first token launched together with the platform for easy purchase and management of the available tokens by the user. This eliminates the need for the user to look for compatible Ethereum wallets and to do complex things in order to take part into an ICO based in a crowdsale essentially significantly lowering the requirements and removing many of the obstacles. Thanks to the Cryptonomos platform you can easily transfer Bitcoin (BTC), Ethereum (ETH) or cash via a wire transfer and use them to purchase WTT tokens, and probably other tokens in the future as well. You should be also able to transfer tokens in and out of the platform when they are abvailable just like you would do if using a compatible Ethereum wallet for interacting with smart contracts. Of course there is the other point of view regarding the use of a dedicated platform – you are not in full control of your tokens like you can with an Ethereum wallet for example where you hold the private keys for the wallet.

 

https://cryptonomos.com/wtt/

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