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Author Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today!  (Read 161543 times)
cryptonomos
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May 29, 2017, 06:49:11 PM
 #241

Interestingly, this will also be a quick sale? I'm just not having time to read about projects. Sometimes I miss serious projects.
The cap is 30mln WTT tokens. It is better to be ready to act fast, just in case Smiley

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cryptonomos
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May 29, 2017, 06:55:54 PM
 #242

This is such a great ideas for coin miner! How many token will be released?
Max cap is 30000000 WTT tokens.
Thank you very much! I've seen that the deposit phase has already taken place. What if within this phase maximum capital will be reached? Do i still have a chance to buy more directly from you guys?

At this point, after the ICO is finished, we are not planning to further perform token issue.

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May 29, 2017, 07:36:56 PM
 #243

Do you support TetherUSD? How do you peg btc to dollar value?

Right now Giga Watt does not support TetherUSD, but they will be largerly expanding the list of cryptocurrencies. BTC to dollar value depends on Kraken's exchange value.

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May 29, 2017, 07:42:18 PM
 #244

Did there any more bountry programe, i want get some free coin. Grin
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May 30, 2017, 01:00:11 AM
 #245

Did there any more bountry programe, i want get some free coin. Grin

Here is our Bounty Program info you can find following this link: https://medium.com/cryptonomos/giga-watt-bounty-program-fe0f0bd498a6

We also have a Referral Program that you might be interested in:
https://bitcointalk.org/index.php?topic=1914900.msg19103130#msg19103130

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May 30, 2017, 09:40:28 AM
 #246

I would need a legal clarification. While going through the Terms, I read this:

"COMPANY DOES NOT REPRESENT OR WARRANT THAT THE WTT TOKENS ARE RELIABLE, CURRENT OR ERROR- FREE, MEET PURCHASER’S REQUIREMENTS, OR THAT DEFECTS IN THE WTT TOKENS WILL BE CORRECTED; AND (C) COMPANY CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE WTT TOKENS OR THE DELIVERY MECHANISM FOR WTT TOKENS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS."

I need to understand the substance of this term (11, Disclaimers). Bold is mine, and this is specifically what needs clarifying.

Another dubious point is at pag. 3 of the Terms:

"Purchaser shall not purchase WTT Tokens for any uses or purposes other than to use WTT Tokens as provided in the White Paper, including, but not limited to, any investment, speculative or other financial purposes."

Again, bold is mine.

How can this not be an investment or a financial context? Tokens will get listed and are thus subject to demand and supply.

I would need elucidations on the two points reported above.

In order to accelerate a response I may contact GigaWatt directly.

Use Binance for day trading, and for buying-and-holding blockchain assets. Exchange fee is only 0.1%.
https://www.binance.com/?ref=10262180
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May 30, 2017, 09:54:02 AM
 #247

That's probably some legal mubojumbo they are forced to add to their disclaimers for compliance purposes. Imho doesn't really mean what you think it means  Roll Eyes

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May 30, 2017, 11:02:26 AM
 #248


"Purchaser shall not purchase WTT Tokens for any uses or purposes other than to use WTT Tokens as provided in the White Paper, including, but not limited to, any investment, speculative or other financial purposes."


All ICOs with "technical legal description" have "this is not an investment" in their TOS/whitepaper ( at least the one's I read ) but I want to see an answer for the rest of your question.

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May 30, 2017, 12:45:17 PM
 #249

@pwpwpw


"Purchaser shall not purchase WTT Tokens for any uses or purposes other than to use WTT Tokens as provided in the White Paper, including, but not limited to, any investment, speculative or other financial purposes."


All ICOs with "technical legal description" have "this is not an investment" in their TOS/whitepaper ( at least the one's I read ) but I want to see an answer for the rest of your question.

I mean: If the token is broken, they should repair it  Smiley
The way I may interpret is that of course a correction, a proper functioning, cannot possibly be guaranteed in any manner. But it can and should be sought after. It is admittedly impossible to assure that something will work fine. However, what should be put in place is the best effort to rectify something. I mean: "I cannot guarantee the seamless and flawless functioning of this thing, BUT I will make the best effort to get this thing to function properly."

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May 30, 2017, 08:04:03 PM
 #250

I would need a legal clarification. While going through the Terms, I read this:

"COMPANY DOES NOT REPRESENT OR WARRANT THAT THE WTT TOKENS ARE RELIABLE, CURRENT OR ERROR- FREE, MEET PURCHASER’S REQUIREMENTS, OR THAT DEFECTS IN THE WTT TOKENS WILL BE CORRECTED; AND (C) COMPANY CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE WTT TOKENS OR THE DELIVERY MECHANISM FOR WTT TOKENS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS."

I need to understand the substance of this term (11, Disclaimers). Bold is mine, and this is specifically what needs clarifying.

Another dubious point is at pag. 3 of the Terms:

"Purchaser shall not purchase WTT Tokens for any uses or purposes other than to use WTT Tokens as provided in the White Paper, including, but not limited to, any investment, speculative or other financial purposes."

Again, bold is mine.

How can this not be an investment or a financial context? Tokens will get listed and are thus subject to demand and supply.

I would need elucidations on the two points reported above.

In order to accelerate a response I may contact GigaWatt directly.

Hello,

This is a standard language used in agreements to buy product tokens. Our legal consultants have used this language in the other token sales they have worked on.

As for your conserns regarding tokens, we also engage independent auditors, who carefully check the smart contract code for security, benefits and other possible issues in connection with the attack surface.

As for the language about an investment, WTT token is a useful product rather than any kind of securities so we’re obliged to make sure that we describe it in the appropriate terms.

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May 31, 2017, 07:01:08 AM
 #251

I would need a legal clarification. While going through the Terms, I read this:

"COMPANY DOES NOT REPRESENT OR WARRANT THAT THE WTT TOKENS ARE RELIABLE, CURRENT OR ERROR- FREE, MEET PURCHASER’S REQUIREMENTS, OR THAT DEFECTS IN THE WTT TOKENS WILL BE CORRECTED; AND (C) COMPANY CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE WTT TOKENS OR THE DELIVERY MECHANISM FOR WTT TOKENS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS."

I need to understand the substance of this term (11, Disclaimers). Bold is mine, and this is specifically what needs clarifying.

Another dubious point is at pag. 3 of the Terms:

"Purchaser shall not purchase WTT Tokens for any uses or purposes other than to use WTT Tokens as provided in the White Paper, including, but not limited to, any investment, speculative or other financial purposes."

Again, bold is mine.

How can this not be an investment or a financial context? Tokens will get listed and are thus subject to demand and supply.

I would need elucidations on the two points reported above.

In order to accelerate a response I may contact GigaWatt directly.

Hello,

This is a standard language used in agreements to buy product tokens. Our legal consultants have used this language in the other token sales they have worked on.

As for your conserns regarding tokens, we also engage independent auditors, who carefully check the smart contract code for security, benefits and other possible issues in connection with the attack surface.

As for the language about an investment, WTT token is a useful product rather than any kind of securities so we’re obliged to make sure that we describe it in the appropriate terms.

I understand the existence of a legal standard in the production of token contracts. However, the meaning conveyed by the words is important.
I certainly recognize that a guarantee that a token works can't be provided. What could have been specified in the contract is the "best effort" term, meaning that the company would do their best to have a properly functioning token.
Without this specification, I'm using the good faith of the company: I'm hoping that the company will do its best to provide a well-behaving token.

Use Binance for day trading, and for buying-and-holding blockchain assets. Exchange fee is only 0.1%.
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May 31, 2017, 07:39:12 AM
 #252

I don't think "best efforts" are covered by legal terms  Roll Eyes

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May 31, 2017, 08:36:24 AM
 #253

I don't think "best efforts" are covered by legal terms  Roll Eyes

"Best effort" may not be covered by legal terminology, but "force majeure" is  Huh

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https://www.binance.com/?ref=10262180
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May 31, 2017, 08:52:32 AM
 #254

Beautiful project. But I don't know if it wouldn't attract the attention of investors . Electricity savings is the most important event in mining .

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May 31, 2017, 10:35:03 AM
 #255

A general question, if mining is profitable, why don't you use your rigs and facilities by yourself?
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May 31, 2017, 10:38:00 AM
 #256

Given that I didn't read the whitepaper yet, can you tell me where are your facilities located and what are the probabilities of outages?
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May 31, 2017, 01:30:30 PM
 #257

A general question, if mining is profitable, why don't you use your rigs and facilities by yourself?

Why would they mine themselves when they can sell hardware at a profit and then deduct maintenance and power fees from daily mining total from each customer? Also they are doing an ICO. This is not some cloud mining scam, Giga Watt has its facilities built near a hydro power plant and you can even visit them in Open House days.

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May 31, 2017, 03:19:46 PM
 #258

I registered to the site and I'm not getting the phone confirmation code, it's correct mobile number tried to resend 3x already still none.
Is there problem with sending phone confirmation today?
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May 31, 2017, 03:53:55 PM
 #259

I would need a legal clarification. While going through the Terms, I read this:

"COMPANY DOES NOT REPRESENT OR WARRANT THAT THE WTT TOKENS ARE RELIABLE, CURRENT OR ERROR- FREE, MEET PURCHASER’S REQUIREMENTS, OR THAT DEFECTS IN THE WTT TOKENS WILL BE CORRECTED; AND (C) COMPANY CANNOT AND DOES NOT REPRESENT OR WARRANT THAT THE WTT TOKENS OR THE DELIVERY MECHANISM FOR WTT TOKENS ARE FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS."

I need to understand the substance of this term (11, Disclaimers). Bold is mine, and this is specifically what needs clarifying.

Another dubious point is at pag. 3 of the Terms:

"Purchaser shall not purchase WTT Tokens for any uses or purposes other than to use WTT Tokens as provided in the White Paper, including, but not limited to, any investment, speculative or other financial purposes."

Again, bold is mine.

How can this not be an investment or a financial context? Tokens will get listed and are thus subject to demand and supply.

I would need elucidations on the two points reported above.

In order to accelerate a response I may contact GigaWatt directly.

Hello,

This is a standard language used in agreements to buy product tokens. Our legal consultants have used this language in the other token sales they have worked on.

As for your conserns regarding tokens, we also engage independent auditors, who carefully check the smart contract code for security, benefits and other possible issues in connection with the attack surface.

As for the language about an investment, WTT token is a useful product rather than any kind of securities so we’re obliged to make sure that we describe it in the appropriate terms.

I would like to add a consideration on the legal terms matter. Though I may respect a company and the initiatives it has, it is crucial to create an agreement that is balanced, meaning that it should show that the company concerned takes its own fundamental responsibility in doing things at their best. "Best effort" in providing a service and assisting the users should be contemplated by the legal mindset because it manifests care towards those who commit to believing in the validity of a project. There should be commitment on both sides: the purchasers (investors, though the term "investment" is not contractually used) and the company providing the service.
That said, I am definitely interested in the WTT project.

Use Binance for day trading, and for buying-and-holding blockchain assets. Exchange fee is only 0.1%.
https://www.binance.com/?ref=10262180
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May 31, 2017, 06:56:37 PM
 #260

Bounty company in social networks will be?

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