Giga Watt ICO review on WTT , What you should know before investing (my take on this )

in #gigawatt7 years ago (edited)

Today's post is on a review on the WTT ICO by Giga Watt. This ICO has already launched and finished in 24 days as of writing this post.

In a nutshell what the WTT token allows you to do is mine Bitcoin in Giga Watt's facility at 3.3cent per Kw and make money. So essentially your Bitcoin mining but with they're economics.

This is huge advantage because with Bitcoin mining the cheaper your power the more profit you can make. The guy with the cheapest power is the last man or woman standing, basically what it comes down too.

You operating at 3.3cent/Watt you'll be mining well after others have dropped off. Your WTT also has other benefits , they last for 50 years, there is no maintenance fees, only electricity cost, you can rent out the tokens, and you enjoy the benefits in the store of value as the WTT token potentially goes up in price. Someday soon you can cash out.

Watch the video below PRESS PLAY

Another thing I really like is the projects funds is locked away in a Escrow account not held by Giga Watt, and funds become available as each batch of Giga pods is built. They will never sell tokens that has no mining equipment or infrastructure to back up the tokens sold is what I am saying also stated by CEO Dave Carlson, who is a real pioneer in Bitcoin mining.

Here is the link to the official website
https://cryptonomos.com/wtt/tokens

Independent ICOrating website on WTT
http://icorating.com/project/90/Giga-Watt

Giga Watt Twitter
https://twitter.com/WTTtoken

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Bought 400 tokens Tuesday and got an email they just shutdown sales because they ran out of tokens, let's see how it goes!

I am going to grab some myself, dam I need to hurry now lol. I like this project also you have the security of the funds locked up in Escrow as they release future batches, not that there is anything to worry about Dave Carlson has a stellar reputation and considered one of the pioneers in Bitcoin mining.

Surely the mining is worth it.

Congratulations!

Doing a bit of research and came across this: https://blog.bitmain.com/en/category/scambuster/

I have bought a small amount of tokens, as the concept is good. No risk no reward.

Dear Gigawatt investors,

Like others I invested in the Gigawatt project believing the developers, I am aware how risky the crypto space is...

Gigawatt never had a realistic plan or timeline.They were badly prepared, blaming the US Government for delays. Excuse was unforeseen trouble although they advertise that they do this for many years. They kept selling miners they could not deploy as advertised, a lie, you could call it scamming.

The customer service is deplorable . No updates no answers to emails,
The company does exist and is not a total scam, but they did some stuff that no normal (outside crypto space) company could afford to do... BE CAREFUL