The tokensoap continues.
Take the theoretical situation the ICO gets stuck at 15M (+15% = 17.25M) tokens.
Statements in favor of more tokens being issued after the ICO:
- Mail from support team: "WTT tokens on week 9 will sell for $1.20, so any remaining tokens [not sold in the ico] should also sell at that price. WTT tokens might be sold on secondary markets, but not right away."
- White paper p4 footnote: "More WTT tokens will be issued as the facility capacity is increased through future build outs."
- White paper p14: "After the completion of the Token Launch, hosting of miners will only be available to retail clients through tokens."
- Telegram Vlad: "Yes,that is still a starting price" , in reply to "meaning that, knowing you'll finish building anyway, the token sale will continue on exchanges at $1.20 if not all tokens are sold ?"
Statements in favor of no more tokens:
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https://bitcointalk.org/index.php?topic=1914900.msg19061396#msg19061396: "If it happens that there will be only $5,000,000 raised, then there will be 5,750,000 tokens released - extra 15% are for the team and partners."
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https://bitcointalk.org/index.php?topic=1914900.msg19413188#msg19413188: "There is no minimum amount: the first facilities have already been completed and the new units are currently being built with Giga Watt's own funds. This is why we can issue tokens for as low capacity as we need."
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https://bitcointalk.org/index.php?topic=1914900.msg19442871#msg19442871: "There will not be any unsold tokens. We will issue as many as it was raised +15% on top."
- Telegram Vlad: "Of course Giga Watt will not stop building more after it fullfills its obligations to tokenholders, but it's not under this Token Launch."
- Telegram Andrey: "New facilities built by Giga Watt will not be tokenized and will be private. So in no way they will conflict with current tokenholders interests."
The last statement is also interesting, of course it will conflict. If the rate of new facilities will be lower then token rent + remaining costs, noone will be interested in tokens. I'm not saying that it it will happen, but I don't see any guarantee that it won't either.
My misinformation treshold has been reached. Don't want to pull the 'scam' card, but boy these ICO's sure make it easy to do so. ICO's need to mature and professionalize. Either they haven't thought this trough or the wrong people are providing information. It's impossible to make a proper evaluation of this ICO when even something simple like this can't be sorted out.