Giga Watt Token Sale: Tokenized access to mining facilities for 50 years rent free
Project Description
Giga Watt is a crypto mining facility with five megawatts of available power dedicated to running mining hardware and an additional 50 megawatts of power in development. Giga Watt is located in Washington state and has access to cheap, clean hydroelectric power at 2.8 cents a kilowatt hour. This rate is well below the United States national average of 18 cents per kilowatt hour and lower than the Chinese national average of 11 cents per kilowatt hour. According to CEO David Carlson, these low power costs mean that Giga Watt’s expenses average at around $500 per bitcoin mined.
The object of the sale is an ERC20 token called Watt (WTT) which is backed by Giga Watt’s mining infrastructure and represents a single watt of mining power. As Giga Watt’s energy projects come on line and the facility adds additional power resources to their grid, they plan on issuing additional watt tokens. There will never be more watt tokens than there is available power at the Giga Watt facilities.
Watt tokens entitle their holder access to a single watt of power and corresponding mining facilities (including maintenance) for 50 years. Token holders can use Watt to set up their own mining operations using Giga Watt’s facilities completely rent free. Token holders have the option of using their own personal mining hardware or they can purchase hardware directly from Giga Watt. Token holders can also rent out their Watt tokens to other miners using a smart contract rental agreement that will be available on the Giga watt website.
The ICO sales period is from June 2nd, 2017 to July 31st, 2017.
You can buy Tokens with BTC, ETH, and Fiat wire transfers.
This is their homepage: https://cryptonomos.com/wtt/
Detailed information available in their white paper.
Use my referral link to buy WTT: https://cryptonomos.com/?r=tNCiSrnZ1EkW3RzP7gsRMeRa
