Blockchain crowdsales solution Cryptonomos accommodating the launch of a token which offers access to the capacities of cryptocurrency mining facility – Giga Watt. The WTT Token sale started on the 2nd of June and will continue until July 31st 2017 or until all of the 30 Million tokens are sold. Though Cryptonomos platform you can easily transfer Bitcoin, Ethereum or Cash in order to purchase WTT tokens, and most likely many other different tokens in the coming future.
Giga Watt offers a full range of mining services or custom packages tailored to your needs:
- Equipment sales
- Maintenance and repair
- Private blockchain servicing
While the company is registered in Singapore, Giga Watt (the former MegaBigPower), is a USA-based company located in Wenatchee to benefit from low electricity costs in the state of Washington.
What Giga Watt is trying to achieve during the token sale is to expand their capacity and to reward token holders for their input, which makes it a win-win situation for everyone. For complete information on Giga Watt (WTT) token make sure to read WTT token whitepaper (PDF) where everything is explained in details.
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.
“By tokenizing our mining infrastructure, GigaWatt is finally able to extend our huge economic advantage to anyone in the world, large or small, to run their own mining business and be successful by having our expert team build and manage it, this is a move to decentralize the global balance of mining power and put it back in the hands of the little guy.”
Dave Carlson, founder of Giga Watt.
Each Giga Watt Token (WTT) gives you the right to use the Giga Watt processing center’s capacity. It is completely rent-free for 50 years and will accommodate 1 Watt’s worth of mining equipment power consumption. Token owners can use the capacity they purchase to accommodate their own miners. On the other hand, if token owners don’t have and don’t want to deal with miners, they can take advantage of the hosting offer to just rent it out to other users.
The entire blockchain can not exist without the infrastructure that Giga Watt is building.
Giga Watt attempting to make mining available and simple to understand for everyone, and at the moment this is not how it is.