Earlier this summer, I wrote about the Giga watt ICO and how I thought it looked like a good investment. I really liked the background of the founder and his experience with Microsoft and Bitcoin mining. What I also liked were the returns on investment. The best I could figure (and I've been reading white papers for 20 plus years) was the tokens would rent for around 40-60% per year! Now in any other universe this would be so unbelievable that they would tomato you or call it a Ponzi scheme. But not in crypto....In fact the ICO didn't even get fully sold out!!!!! Mind boggling to me, to be honest. Well, I wish I would have bought more.
Well my first batch of the ICO is collecting rent on the tokens and it looks like the returns so far (it's very early yet) are around 50% annualized on token rent! I don't have any stats on the mining yet, but it will probably be mind boggling. Honestly, I may not even have to mine. I'm VERY happy with the rent! Call me the miner slum lord. lol
These WTT tokens will roll out on Kraken in Oct/Nov and I would recommend buying some. I'm certainly going to buy more.
POST EDIT: Just be very careful, it is at one dollar now and it could come out on Kraken much higher. You can't buy them today, so there may be a lot of demand. I think it is a good deal at the current price.
