Good news for GigaWatt (WTT) Token Holders
Today GigaWatt has issued the following statement:
Dear WTT token holders,
We are writing to you to announce an important and exciting change. Due to overwhelming demand for Giga Watt’s equipment hosting services the Giga Watt project is discontinuing, for an indefinite period of time, the option of buying and hosting mining equipment for clients who do not own WTT tokens.
From now on, the orders to buy and host mining equipment are accepted only from the clients who, at the time of their equipment or hosting service order, already own WTT tokens, and the number of their WTT tokens is ample to cover the energy consumption of all the equipment or hosting service they are ordering.
Our preliminary estimates indicate that the number of orders already placed is sufficient to secure token renters for current token holders who are not interested in engaging in mining in the near future. We are currently preparing a token holder survey to conduct a more thorough evaluation. As soon as we see demand for more token renters, Giga Watt project will renew their sales of equipment and hosting services to clients who do not own WTT tokens.
This is very good news for all WTT token holders: your tokens will be hard at work whether you do your own mining or rent your tokens out to others.
Seems quite good at first sight. Looks like token holders have basically guaranteed rent. That can't be bad, right ?
For the time being we can't rent out tokens, we have to wait for their infrastructure to be properly built and the miners to be assembled, but once it does we'll let you know how to rent out the tokens.
The tokensale is still live, for those of you who are interested in profiting from mining without mining. Obviously, it is not that simple, you are still incurring in the company's risk. So make sure to conduct a proper ICO Evaluation before joining.
Cheers !