Lawsuit filed against Giga Watt ICO

Investors of the ICO, which attracted $ 22 million in cryptocurrencies, are unhappy with roadmap implementation delay
04 January 2018   349

Giga Watt is a startup whose aim to launch a cryptocurrency mining facility. The company describes itself as “the world’s first full-service mining solution provider” and promises “turnkey mining services”. A group of investors have filed a lawsuit over project delays that they claim are costing them serious money. This is reported by the News Bitcoin Com.

The plaintiffs stated that ICO raised around $20 million in cryptocurrency last summer. That cryptocurrency is now worth five times as much, but investors haven't received nothing for it: no crypto, no Giga Watt tokens, and none of the mining equipment that was meant to be supplied. 

In a court filing, the plaintiffs state their “fear that they might never be issued their tokens or see their mining machines activated, and are losing valuable time and money as defendants indefinitely delay the further development of the Giga Watt Project”.

Giga Watt representatives have overtly and unmistakably stated to investors that between the time of the ICO and the date on which each investor would be issued his/her/its Giga Watt tokens, the value/price of each Giga Watt token was anticipated to increase significantly.
 

The Giga Watt filing in the U.S. District Court in Eastern Washington

Giga Watt is ran by Dave Carlson, who already has failed mining project. In 2014, his Megabigpower mining project fell apart after his supposed partners failed to purchase the equipment they had promised. 

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SONM to Hold AMA for Community

SONM is rolling out the Questions and Answers session for the community once again on February 20, 2018, at 16:00 UTC
20 February 2018   161

SONM is the universal fog supercomputer powered by the Ethereum blockchain, designed for general-purpose computing, from mobile app hosting to video rendering to DNA analysis. Miners all over the world can leverage their idle computer power to become part of the SONM network.

SONM has announced in its official twitter account that it is rolling out the Questions and Answers session for the community once again on February 20, 2018, at 16:00 UTC.

SONM AMA announcementSONM AMA Announcement

The users can ask SONM team any questions using the hashtag #ASKSONM or on Sli.Do using the event code Z111. The team members will give answers to all users' questions on the official Youtube channel of SONM.

Currently, SONM is traded at such exchanges as Binance, Tidex, Liqui, KuCoin, OKEx, HitBTC, COSS, Yobit and EtherDelta.

At the moment of press, these are main market parameters of SONM:

Average price: $0,219646
Market cap: $78 984 702
24h volume: $848 344