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TokenLaunchWhitePaper

May2017

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TableofContents LegalDisclaimer………………………………………………………………………………. 3 TokenLaunchSummary………………………………………………………………….. 4 OverviewoftheGigaWattProject………………………………………………….. 5

SubstanceoftheGigaWattProject………………………………………. 5 ProjectHistory………………………………………………………………………. 6 GigaWatt’sPricing………………………………………………………………… 6 MarketOverview………………………………………………………………….. 8 GigaWattTechnology…………………………………………………………… 9

TokenLaunchDetails………………………………………………………………………. 12 TokenLaunchOverview………………………………………………………… 12 TokenLaunchPlatform…………………………………………………………. 16 WTTSmartContract……………………………………………………………… 16 PaymentTerms…………………………………………………………………….. 17 DistributionandRates…………………………………………………………… 19

ProjectedTimeline………………………………………………………………………….. 20 Team………………………………………………………………………………………………. 22

GigaWattProjectTeam……………………………………………………….. 22 CryptonomosTokenLaunchTeam………………………………………… 23

RiskFactors…………………………………………………………………………………….. 25

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LegalDisclaimer

ThepurposeofthisWhitePaperistopresenttheGigaWattprojecttopotentialtokenholdersinconnectionwiththeproposedTokenLaunch.Theinformationsetforthbelowmaynotbeexhaustiveanddoesnotimplyanyelementsofacontractualrelationship.ItssolepurposeistoproviderelevantandreasonableinformationtopotentialtokenholdersinorderforthemtodeterminewhethertoundertakeathoroughanalysisofthecompanywiththeintentofacquiringWTTtokens.

Nothing in thisWhite Paper shall be deemed to constitute a prospectus of any sort or asolicitationforinvestment,nordoesitinanywaypertaintoanofferingorasolicitationofanoffertobuyanysecuritiesinanyjurisdiction.Thisdocumentisnotcomposedinaccordancewith, and is not subject to, laws or regulations of any jurisdictionwhich are designed toprotectinvestors.

Certain statements, estimates and financial information contained in this White Paperconstituteforward-lookingstatementsor information.Suchforward-lookingstatementsorinformation involve known and unknown risks and uncertainties whichmay cause actualeventsorresultstodiffermateriallyfromtheestimatesortheresultsimpliedorexpressedinsuchforward-lookingstatements.

ThisEnglishlanguageWhitePaperistheprimaryofficialsourceofinformationabouttheWTTTokenLaunch.Theinformationcontainedhereinmayfromtimetotimebetranslatedintootherlanguagesorusedinthecourseofwrittenorverbalcommunicationswithexistingandprospectivecustomers,partnersetc.Inthecourseofsuchtranslationorcommunicationsomeoftheinformationcontainedhereinmaybelost,corrupted,ormisrepresented.Theaccuracyofsuchalternativecommunicationscannotbeguaranteed.Intheeventofanyconflictsorinconsistencies between such translations and communications and this official EnglishlanguageWhitePaper,theprovisionsofthisEnglishlanguageoriginaldocumentshallprevail.

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TokenLaunchSummary

WTT token is an Ethereum token representing the right to use theGigaWatt processingcenter's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of miningequipmentpowerconsumption.

TokenLaunchmeanstheinitialsaletothepublicofWTTtokens.

TokenIssuemeansareleaseofaspecificbatchofWTTtokens.

Tokenswillbeofferedfor60daysstartingonJune2,2017andendingonJuly31,2017.

Theofferingwillbeopentothepublicglobally.

TokenSaleVolume: 30millionWTT

TokenIssueVolume: 34.5millionWTT1

DistributionofTokens: Forevery100tokenssoldinthisoffering15additionaltokenswillbeissuedandretainedfortheteammembers,partnersandadvisors2

TokenPriceatIssue: EquivalentofUSD1-1.2,dependingonthedateoftheacquisition

Websitelink: https://cryptonomos.com/wtt/

Acceptedformsofpayment:

Bitcoin(“BTC”),Ether(“ETH”),wiretransfer

PresaleStartDate:PresaleEndDate:

May19,2017,12:00PMPDT June2,2017,12:00PMPDT

TokenLaunchStartDate: TokenLaunchEndDate:

June2,2017,12:00PMPDT July31,2017,12:00PMPDT

InitialTokenIssueDate: August7,2017,12:00PMPDT

1TheWTTtokenswillonlybeissuedbasedonactualexistingfacilitycapacity.MoreWTTtokenswillbeissuedasthefacilitycapacityisincreasedthroughfuturebuildouts.2SeeSection‘DistributionandRates’fordetails.

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OverviewoftheGigaWattProject SubstanceoftheGigaWattProject TheGigaWattProjectisbuiltinpartnershipbetweenGigaWatt,Inc.aU.S.company(“GigaWatt”or“Company”),whichoffersmininghostingservicesatitsWenatchee,WAfacilities,andGigaWattPte.Ltd.,aSingaporecompany(“Partner”),whichsellsminingequipmenttocustomersworldwide.

GigaWattisafull-serviceminingsolutionprovider.GigaWattoffersturnkeyminingservicesor custompackages tailored to clients’ needs: full range ofmining services fromhosting,maintenanceandrepairtoprivateblockchainservicing.ThePartneroffersequipmentsalesthroughGigaWatt’swebsite3.

GigaWatt’sstandardturnkeysolutionincludespurchaseanddeliveryofminingequipmentthrough its Partner with its subsequent setup and hosting at Giga Watt’s facilities inWenatchee,WA,withhostingfeesstartingaslowas7.5USDcents/kW/hour4,zerosetupfees(forequipmentpurchasedthroughitsPartner)anduniquelylowminimumfacilityentrancethresholdof1minerofanymodel.

GigaWattcanhostawiderangeofminingequipmentmodelscommonlyusedbyminers;manypopularmodelsareofferedforsalebyitsPartner.

GigaWattalsooffersavarietyofcustompackagesandservices,sothatclientswhoowntheirminingequipment,includingthemodelsnotdistributedbyGigaWatt’sPartner,canstillhostitatGigaWatt’sfacility:GigaWattcanaccommodateanyASICorGPU-basedminers5.

GigaWattminesallscalablecryptocurrencies.Thedecisiononwhatcurrencytomineismadeby thecustomerswhoown theminingequipment.However,at this stage it is technicallyimpossibleforGigaWatttoofferallavailableoptionstoretailcustomers.Currently, retailcustomerscanmineonlyBTC,ETH,andLTC6.

Yourchoiceofequipmentalsodetermineswhichminingpoolyoucanuse.ThefollowingthreepoolsareavailabletoGigaWatt’sclients:SlushPooltominebitcoins,NanoPoolforEthereumandLitecoinPoolforLTC7.

3 ThesalesanddeliveryofequipmentisofferedthroughthePartner'ssalesmoduleonGigaWatt’swebsite.4 SeedetailsinGigaWatt’sPricingsectionbelow. 5 ASIC-basedminersareusedtominebitcoinorlitecoin,GPU-basedequipmentisusedtomineotheraltcoins.6GigaWattisworkingonexpandingthislistofcurrenciesinthefuture. 7Listofminingpoolsmayberevisedinthefuture.

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Aminerisapieceofequipmentoperating24/7underextremelyhighload,sofailuresandbreakdownsarequite common.Minershave tobe shipped to service centers for repairs,whichtakestime,especiallyifaservicecenterislocatedabroad,andeverydayofdowntimemeansa lossofminingprofit.GigaWatt’son-site servicecenterminimizes thedowntime(93.5%minimumuptime),therebyachievingmoreefficientmining.

Althoughitiscommonpracticeintheindustrynottodisclosethedetailsofminingfacilities,including their locations, in order to preserve trade secrets and shut competitors out ofinexpensive power locations, Giga Watt believes in complete transparency. Years ofexperience intheminingbusinessdemonstratethatrunningacompetitivecompanytakesmorethantheabilitytocopy.ThisiswhyeverytwoweeksGigaWattwelcomesvisitorstoitsOpenHouseinWenatcheetopersonallytourtheminingfacility.

ProjectHistory In2010,a softwareengineerand10-yearveteranstartupentrepreneurDaveCarlson firstcame across Bitcoin. He's been innovating in the space ever since. In 2012 he foundedMegaBigPower with the goal of building the world’s first megawatt-scale Bitcoin miningcenter and identifying the key design parameters required to successfully scale up thebusiness of Blockchain transaction processing. Soon it became one of the largest single-operatorminesintheworld.

Now,MegaBigPower has re-branded as GigaWatt, which completed the construction of3 mining facilities designed by the original MegaBigPower team and built under theirsupervision(250kW,1MWand1MW).Theopportunitytousethesefacilities isnowbeingoffered for tokenization.All three facilitiesare inoperationandmostly rentedout (actualnumbersareplacedandupdatedregularlyhere-https://cryptonomos.com/wtt/#/capacity).GigaWattcontinuestobuildnewunitswithitsownresources8.

GigaWatt’sPricing

GigaWatt’spricingstructureforstandardturnkeysolutionconsistsofaone-timechargeforthepurchaseofminersanddailychargesforhostingservices,whichinclude:

- effectiveelectricitycost; - maintenancefee;and

8 SeedetailsintheTimelineSection.Tokensareissuedonlywhennewprocessingcentercapacitybecomesavailablefortheuseofthetokenholders.

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- facilityrentalfee. MinersPurchase:Four models of mining equipment9 are currently available for purchase through Giga-Watt.com:

Current prices and specifications are regularly published and updated at https://giga-watt.com/promo/prices. Hostingfees10:

9Thelistofmodelsmayberevisedinthefuture.Equipment'sdescriptionmayberevisedatanytimetoreflectthemanufacturer’sspecifications.10Hostingfeesmayberevisedinthefuture.

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Paymentsforhostingservices(electricity,maintenance,rentalfees)arededucteddailyfrom

themining rewards.GigaWattdoesnot chargeany fees for transfersandwithdrawalsof

funds;however,thirdpartiesmaychargefeestotransferfundsorwithdrawthemfromthe

accountonGigaWatt’splatform).

ClientswhohavetheirownminingequipmentcanhostitatGigaWattatthesamehostingprices,withtheonlydifferenceofpayingthefollowingsetupfees:USD20perASIC-basedminer,USD40perGPU-basedminer11.

GigaWatt's service center also provides an add-on paid option of emergency equipment

repairs.Thecostofservicedependsonthenatureofperformedrepairs.

MarketOverview Generally,onlyfouroptionsexistonthemarketforcryptomining.Theseare:(i)tooperate

minersfromhome;(ii)tousecloudmining;(iii)tohostyourownminersatthird-partyhosting

facilities;or(iiii)tobuildproprietaryminingfacilities.Thefirsttwooptionsareintendedfor

privatepartymining,andthelattertwoaredesignedforbusinesses.Now,however,through

itslowfeesandextremelylowminimumentrancethreshold,GigaWattisabletoofferafifth

option:competitiveserviceswhichcouldbeusednotonlybytheclientsofhostingcompanies

butalsoserveasanalternativetohomemining,cloudminingandself-builtfacilities.

11Setupfeesmayberevisedinthefuture.

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Aside from the numbers, homemining is both expensive and demanding: it requires the

owner'sconstantattention,andminersarequitenoisy,whichmanyfindobjectionable.Cloud

miningisextremelyopaque:Asarule,usershavenoknowledgeoftheirequipment’sbrand

name,modelnumber,serialnumber,powerefficiencyandconsumption,breakdownofcosts,

miningpoolnameoreventhelocationofthefacility.Self-builtfarmsrequireexpertsandfull-

fledgedbusinessoperations,whichisrisky:anymistakemaycostmillions.Third-partyhosting

provides a viable alternative but there is currently a dire shortage of these services: the

demandgreatlyexceedsthesupply.

What’smore,effectiveelectricitycostofferedbyGigaWatt iscurrentlyamongthe lowest

feasible,andeventakentogetherwithotherfeesitisstillcomparabletoaverageelectricity

ratesworldwide.

Electricityratesworldwide(USDcentsperkW/h)

AllofthismakesGigaWatt’sexpansionextremelytimelyandrelevant.

GigaWattTechnology Inthepast4years,GigaWatt’steambuilt5air-cooledminingfacilities.Thisexperiencegavethemtheexpertisetoselect,buildandemploythebesttechnologiesformining.FromtheirexperienceDaveCarlsonandhisteamdiscoveredthat largemonolithicprocessingcentersarenotoptimalformining.

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ThelatesttechnologyembodyingthisknowledgeatGigaWatt’sfacilityinWenatchee,WAistheproprietaryGigaPodssolutionwhichtakesadvantageofthemininghardware'sextremelyhighpowerdensity,avoidsactivecoolingconsumption,andsavespowerforhigh-efficiencymining, thus minimizing costs in every aspect of mining operations. Giga Pods canaccommodate any type of miners. This model will be the cornerstone of Giga Watt’sexpansion12.

GigaWatt'sdistinctiveinfrastructureconsistsofnumerousautonomousunits.Thisapproachoffersflexibilityintheprocessingcenter’sdesignandrecord-fastexpansionofitscapacity.Italsominimizesconstructioncostsandallowstoutilizefirstunitswhilenewunitsarebeingbuilt.

ThefinalGigaPodmodelwillbecompletedbeforetheendoftheTokenLaunch.Statusoftheconstructioncanbecheckedhere-https://cryptonomos.com/wtt/#/capacity.

12Actualdimensions,processingpowerandothercharacteristicsmayvaryslightly.

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Size:12'x48'

Independentfiber-opticInternetconnection

High-pressure fans constantly circulate fresh air through the pod. Filtered air intakes arepositionedononeside,withexhaustfansontheother.Rainandsnow“falloutarea”providescoolshadeatintake.Shadeplacementoftransformersensureshigherefficiencyandbetterlongevity.

Single “mining wall” inside the pod ensures cool air circulation around miners. All heat-producingequipmentisarrangednexttoexhaustfans.

Grass-covered campus reduces dust, cutting down on intake filters maintenance costs.ArrangementofPodswithexhaustfansfacingeachother(“hotaisle-coldaisle”),in-linewithprevailingwindaircurrents,clearswarmairefficiently.Networkautonomyminimizesoutagerisksfortheentireoperation.

MinimumprocessingpowerofeachGigaPodis750kW.ProcessingpowerdependsontheequipmenteachPodisdesignedtoaccommodate.APoddesignedtoaccommodatebitcoinminersandGPUs13oronlyGPUscanhaveminimumprocessingpower.APoddesignedtoaccommodateonlybitcoinminerscanhouseupto1.75MW,butrequiresmoreventsandheavier-dutyinsidewiringandequipment,whichwillproportionallyincreasetheconstructioncosts.

The choice of the required processing power is determined by themarket demand. GigaWatt’steamchoosesthemostsuitablePodoutfitoptionbasedontheagreementswithitscurrentandpotentialcustomersandtheirequipmenthostingneeds.

13GPUisagraphicsprocessingunitwhichcanbeusedtomineEthereumandcertainothercryptocurrencies.

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TokenLaunchDetails TokenLaunchOverview

Ourgoalistoofferthetokenholdersaccesstobothanexcitingnewworldoftechnologyandthe cryptocurrency mining business. Generally, mining turnover is comprised of threecomponents:(i)electricitycost;(ii)mininghostingcost;and(iii)miningnetprofits.Netprofitscanvarygreatlydependingonminingequipment,whilecostsareconstantandpredictableandconsumethelion’sshareofthepotentialprofits.

ThisinfographicisanexamplebasedonthecalculationsfromApril28,2017.Thenumbersmayvarysignificantlyduetotheratefluctuations,miningdifficultyincrease,andotherfactors.

UndertheexistingpartnershiparrangementsbetweenGigaWattanditsPartner,thePartneris offered access to Giga Watt's facility at an unprecedentedly low hosting rate, whichsignificantly increases mining rewards. Now, through the tokenization process, this lowhostingratecanbepassedtoalltokenholders.

EachGigaWattProjectToken(WTT)representstherighttousetheGigaWattprocessingcenter's capacity, rent-free for 50 years, to accommodate 1 Watt's worth of miningequipmentpowerconsumption.Sotoprovisionanduseyourminingequipmentrent-free,you will need to purchase the number of tokens equal to your equipment's powerconsumption:

Tokenownerscanusethiscapacitytoaccommodatetheirownminersortorent itouttootherusers.Essentially, this isaccess toprofessionalmining–withanextraordinarily low

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entrancethreshold.Infact,itcouldbecomparedtomembershipinaneliteprivateminingclub.

GigaWatt'shostingfeetypicallyconsistsofeffectiveelectricitycost,maintenancefeeandrentalfee.Tokenownerspayzerorent,whichdrasticallyreducestheirongoingcosts:theirhostingfeeiscomprisedonlyofeffectiveelectricitycostandmaintenancefee.

Tobeused,tokensshouldbedepositedinthetokenholder’saccountwithPartnerplacedon

GigaWatt’swebsite14.WhentokenholdersbuyminersfromthePartnerthroughGigaWatt’s

website, miners available to them will be automatically displayed in their accounts and

matchedwith their tokens. If at the timeof tokenpurchasea tokenholder alreadyowns

miners,theycanbematchedwithtokensmanually15.

Tokenholderscanalsorentouttheirextratokensiftheyhavemoretokensthantheyneed

toaccommodatetheirminers.

14 TokenholdersmanagetheirtokensthroughthePartner'stokenholderaccountmoduleonGigaWatt’swebsite. 15Pleasecontactthesupportteamformanualmatching.

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RentingTokens

Tokenholderswhoarenotpersonallyinterestedinminingorhavesparetokenscanrentthem

outviathePartner'srentalmoduleonGigaWatt’sweb-site16,choosingoneoftherentalfees

setbyGigaWatt.TokenrentalfeesarethesameastheGigaWatt'sfacilityrentalfees,which

are4.20,4.95,5.7and6.45UScents/kW/h,dependingonthenumberofminershosted(see

Section"GigaWatt'spricing"). It translates intodailyrental incomeof¢0.1-0.15pertoken

(¢37-57peryear).

Totakeadvantageofthisoption,GigaWatt’sclientswhodonothavetheirowntokensand

token holderswho need additional tokens or have spare tokens, place orders seeking or

offeringtokensforrentonthePartner'srentalmoduleonGigaWatt’swebsite.Eachorder

specifiesthenumberoftokens,therentalfeewhichthetokenholderislookingtoreceiveor

whichtheclienthastopayaccordingtotheapplicablepricingplan.Tokenholdersandclients

canviewthelistsoftheseorders,sortedbytheirvaluetotheviewer,andchooseasuitable

optionorplacetheirownorder.

AfterthecompletionoftheTokenLaunch,hostingofminerswillonlybeavailabletoretail

clientsthroughtokens.Consequently,theclientswhodonotowntokenswillhavetorent

themfromtheirowners.CustomerswhohadtheirminershostedwithGigaWattbeforethe

startoftheTokenLaunchwillcontinuetobeserved.Theirhostingfeeswillcovertherental

fees for tokenholderswho rentout their tokens.However,after theendof theirminers'

lifecycletheywillbeabletohosttheirnewminerswithGigaWattonlyifatthattimethere

aretokenholderswillingtorentoutsufficientnumberoftokens.

Rentalfeesaredeductedfromtheirminingrewardsdailyandpaidtothetokenholderviaa

thirdpartysplitter.GigaWattandPartnerdonotchargeanyfeesfortheuseoftherental

module;however,thirdpartiesmaychargefeestotransferfundsortowithdrawthemfrom

thetokenholder’saccountonGigaWatt’sweb-site.

Thereiscurrentlyadireshortageofmininghostingservices:thedemandgreatlyexceedsthe

supply. FurthermoreGigaWatt’s pricing packages are suitable for technology companies,

16Thematchingoftokenholders'andGigaWatt'sclients’ordersfortokensofferedorsoughtforrentisofferedthroughthePartner'stokenrentalmoduleonGigaWatt'swebsite.

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miningfarms,cloud-miningprojects,andevenindividualminers.AllofthismakesGigaWatt

extremelytimely,relevant,andattractivetopotentialrentersoftokens.

Accesstocapacities

WTTcanbeusedfromtheveryfirstdateofissue.GigaWattfacility'suniquedesignallows

for record-fastexpansion,andthe firstunitscanbeoperatedwhile thenewonesarestill

beingbuilt.

EachWattofcapacityofeachunitinoperationisanopportunitytoaccommodateminersof

tokenholders.EachWattofcapacitywhich isalreadyrentedouttotheclientwhohasno

tokensofhisownisanopportunitytorenttokensout.

Currently,all threeexisting facilitiesare inoperationandmostly rentedout.Statusof the

construction and the capacity utilization can be checked here -

https://cryptonomos.com/wtt/#/capacity.

Firstbatchoftokensof5,400,000WTT(whichrepresents5.4MWcapacityoftheunitsput

intooperationbytheendoftheTokenLaunch)willbeissuedimmediatelyfollowingtheend

oftheTokenLaunch.Newbatchesoftokenswillbeissuedinstepwiththeconstructionof

newunits.Tokenswillbedistributedonthefirstcome,firstservedbasis.

Summary

Tosumup,thepurchaseofaccesstoahostingcapacitywithalowerhostingrateallowsyou

tosignificantlyreducethecostofyourminingbusiness,therebyincreasingminingrewards,

offersmoreflexibilityandhelpsbalanceouttheminingrisks:hostingcapacitycanberented

out at any time, and rental income ismuch less affectedby the cryptocurrency volatility.

Additionally,GigaWattfacilityhasa50-yearlifecycle(comparedto2.5yearsforminers,due

toconstantincreaseinminingdifficulty)andissuitableforanyBlockchain.Ifanysignificant

changesoccurintheminingworld,GigaWattcapacitiescouldalternativelybeusedtosetup

privateBlockchains.

ExpectedlifespanofWTTtokensis50years.Thistermisbasedontheexpectedlifespanof

theGigaWatt'sfacilities.

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TokenLaunchPlatform

TokenLaunchisconductedthroughagroundbreakingCryptonomosplatform.

AllpaymentsforWTTtokenswillbecollectedbyCryptonomos.Uponthecompletionofthe

TokenLaunch,onAugust7,2017,Cryptonomoswill issueanddistributeits initialbatchof

WTTtokens,withsubsequentbatch issuestofollowuponthecompletionofnewcapacity

construction.Ifacapof30,000,000WTTtokenssoldisreachedbeforethescheduledendof

theTokenLaunch,Cryptonomosat itsowndiscretionmay issueWTTtokensaheadof the

specifieddatetoprovideaccesstothefacilitiesbuiltbythattime.

WTTSmartContract WTTisanEthereumtoken.ItcomplieswithandextendsERC-20-ade-factostandardand

widelyusedtokenAPI.WTTSmartContractguarantees:

1.Transparency 1.1.Balance.Theinformationonthenumberoftokensheldbyanyuserispublic. 1.2.Transfers.Allinformationontransfersispublicandcanbetracedbackintime.

2.Ownership 2.1Scope.OnlyEthereumusersandcontractscanbetokenholders. 2.2.Uniqueness.Eachtokenbelongstooneuser-owner.Therearenosharedtokens. 2.3.Righttotransfer.Atokencanbetransferredtoanotheruseronlybythedirect

commandofitsownerorbythecommandofthereceiverdirectlyauthorizedbythe

owner.Notokentransfermaybeinitiatedbyanotheruser. 3.TokenSupply

3.1.Exclusiveissue.Onlyoneuser,thecontractowner,canissuetokens. 4.ContractManagement

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4.1Replacement.Thecontractownercanrelinquishtheownership in favorofany

otherEthereumuserorcontract. 4.2Blockade.Thecontractownercanstoporresumetokentransfersbetweentoken

holdersatanytime. 5.Miscellaneous

5.1Recovery.Anycalltothecontractwhichresultsinanerrordoesnotchangethe

users'tokensorEtherbalance,exceptforthegasspentonthetransaction. 5.2Limits.Maximumallowedtokensincirculationandmaybesetandarelimitedto.

Smartcontractdoesnotguaranteethefollowing("UncertaintyProvisions"): 1.Uservalidity.AnaccountwithpositivetokenbalancemayormaynotbearealEthereum

userorcontractandthereforemaynothaveaprivatekey.Tokenstransferredtosuchusers

willlikelybelost. 2.Ethersupply.Thecontractprohibitsmost,butnotallmeansbywhichEthercouldbesent

toitbyuserswhoarenotcontractowners. Weengageindependentauditorsprominentintheindustry,whoreviewthesmartcontract

codelinebyline,checkingforanysecurity,incentivizationorotherconcernsregardingthe

attacksurface.

PaymentTerms

WTTtokenswillbeavailableforpurchaseonpre-salestartingonMay19,2017andduring

theTokenLaunchfromJune2,2017toJuly31,2017,unlessacapof30,000,000WTTtokens

soldisreachedearlier.

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WTTcanbeacquiredwithBTC,ETHorfiatcurrenciesviaCryptonomosplatform.Transfers

canbemadefromanyBTCorETHwallet17.FortransfersofUSD1,000andoverawiretransfer

optionisavailable18.

Fundsarecreditedtotheparticipants'Cryptonomosaccountsandcouldbeusedtoacquire

tokens.Eachaccountwillhave threewallets (USD/BTC/ETH).TheminimumTokenLaunch

entry threshold is 1WTT (equals to1-1.2USD,dependingon thedayof acquisition). The

minimumentrythresholdforthepre-saleis10,000WTTtokens(equivalentof10,000USD).

CryptonomosaccountswillbeaccessibleseveraldaysbeforethestartoftheTokenLaunch

(web-basedormobileaccess).Usersmaybeofferedanoptiontosignupandmaketransfers

totheirCryptonomosaccounts,buttheywillnotbeabletoacquireWTTtokensuntilthestart

oftheTokenLaunchunlesstheypurchaseWTTTokenonpre-salethroughthesalesteam.

Accountswillbeprotectedfromunauthorizedaccessbyatwo-factorauthenticationsystem.

All funds collected through the pre-sale and Token Launch will be deposited in escrow.

OriginalpaymentsmadeinBTCandETHwillbeconvertedtoUSDattherateeffectiveatthe

timewhentherightstoWTTtokenswerereserved.

Thefundswillbereleasedfromescrowinstepwiththecompletionoffacilities.

OncetheTokenLaunchisclosed,nofurtherWTTtokenscouldbeacquired.OnAugust7,2017

orearlier,asdescribedabove19,thefirstbatchoftokenswillbeissuedtoparticipants20.As

soonasthetokensareissued,theymaybetransferredtotheowner’saccountonGigaWatt’s

web-siteandusedtohostminersortoberentedout.

GigaWattaccountownersgettheirminingrewardsandrentalincomeinBTC,ETH,orLTC

(rentalincomeiscalculatedbasedonthecurrentexchangerateofBTC,ETH,orLTCtoUSD).

Fundscanbemovedfromthetokenholder’saccounttoanythirdpartyBTC/ETH/LTCwallet

atanytime.

17 Cryptonomosdoesnot charge anyprocessing fees. Processing timeand fees aredeterminedby thepayment processor. Token holders are responsible for paying all processing fees and financial chargesimposedbythepaymentprocessorinconnectionwiththepayment.18Pleasecontactthesupportteamforwiretransferinstructions.19SeeSection"TokenLaunchPlatform"fordetails.20PleaseseetheProjectedTimelinesectionfordetailsofthetokenissuebatches.

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DistributionandRates TheGigaWattfacilitylayoutisextremelyflexible,whichallowsustobeflexiblewiththetoken

sales.

Thereisnominimumamount:thefirstfacilitieshavealreadybeencompletedandthenew

unitsarecurrentlybeingbuilt.Consequently,thetokenscanbeissuedforaslowcapacityas

required.However, the total number of tokens available for sale asGigaWatt builds out

additionalcapacitiesiscappedat30million.

Each token represents 1Watt's worth of the processing center’s capacity. For every 100

tokens sold, 15 additional tokenswill be issued and retained for the team, partners and

advisors:10tokenstobedistributedtoteammembers,and5toberetainedfordistribution

topartnersandadvisorsatissuer’sdiscretion.Consequently,forevery100tokenssold,115

Wattsofprocessingcentercapacityisputintooperation.

Ifthetokensaleisover-subscribed,meaningthatthereismoredemandforWTTtokensthan

thereisexistingfacilitycapacity,thecapacitywillbeallocatedtotheWTTtokensintheorder

inwhichtheWTTtokenswerepurchased.Theover-subscribedproceedswillbeplacedinto

escrowuntiltherequisiteprocessingcentercapacityhasbeenbuiltout.21

WTTtokensretainedfordistributiontotheteamwillbedistributedonlywhennoproceeds

from over-subscribed tokens remain in escrow awaiting the completion of additional

processingcentercapacityconstruction.WTTtokensretainedfordistributiontopartnersand

advisorswillbedistributedonacasebycasebasis.

WTTinitialratedependsonthedayofacquisition:

21IftheconstructionoftheprocessingcentercapacitydesignedtoaccommodateadditionalWTTtokensisnotcompletedinareasonableamountoftime,therelevantportionoftheseproceedswillberefundedtotheWTTtokenpurchasers.However,ifGigaWattdischargedallitsobligationsinfull,norefundswillbeduetotheWTTtokenpurchasers.

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ProjectedTimeline ThesizeoftheGigaWattfacilitydependsontheamountofavailablefunds.TheGigaWatt

projecthassufficientcommitmentsforlandandelectricitytobuildadditionalcapacitiesto

fulfilitsobligationsunderthisTokenLaunch.

ProjectedTokenLaunchTimeline

-May19–June2,2017:pre-sale

-June2–July31,2017:TokenLaunchbookbuilding

-August7,2017:Firstbatchoftokens(5,400,000WTT)issuedtoparticipants; ifthecapis

reachedearlier,thefirstbatchofWTTtokensmaybeissuedaheadofthescheduletoprovide

accesstothefacilitiesbuiltbythetimeoftheissue(atCryptonomos'discretion).

Newbatchesoftokenswillbeissuedinstepwiththeconstructionofnewfacilities.22Toensure

the advantage for the Token Launch participants, no listingwill be placed on third party

exchangesuntilallWTTtokenssoldthroughtheTokenLauncharedistributed.

ProjectedConstructionTimeline

3units,2.25MWareavailablerightnow

-July15,2017:1GigaPodcompleted,0.75MW

-August1,2017:2GigaPodscompleted,2.4MW

-August15,2017:Expansionoftheunit,0.9MW

-September1,2017:3GigaPodscompleted,4.5MW

-September15,2017:9GigaPodscompleted,15MW

22AdditionalWTTtokensmaybesoldtothepublicinthefutureasthefacilitycapacityisincreasedthroughbuildouts.

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-October1,2017:3GigaPodscompleted,4.5MW

-November15,2017:3GigaPodscompleted,4.2MW

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Team GigaWattProjectTeam ● DaveCarlson

CEO,GigaWatt,Inc.

Softwareengineerandentrepreneur.4yearsasaCEOandfounderofMegaBigPower,oneof

thelargestsingle-operatorminingfacilitiesintheworld.

● AdamWest

VPBusinessDevelopment,Director,Operator-PartnerProgram,GigaWatt,Inc.

10years'experience inbusinessdevelopment,managementandmarketing.Overthepast

yearfocusedonBlockchaintechnologies,withtheemphasisonindustrialminingprojects.

● KyleSidles

CTO,GigaWatt,Inc.

Database design, programming, network infrastructure and application deployment.

Successfullybuiltandlaunchedover200diversesoftwareprojectsinUSA,India,andChina.

Buildsandrunslarge-scaleBlockchaindatacenterssince2013.

● JeffreyField

LeadEngineer,GigaWatt,Inc.

4years'experiencedesigningthephysicalinfrastructureforminingfacilities,networklayouts,

and cooling plans while managing technical crews for all aspects of installation and

maintenanceattheMegaBigPowerfacilities.

● BrianArmstrong

OperationsSupervisor,GigaWatt,Inc.

Serviceandmaintenanceofminingequipment,trainingnewpersonnel,teamsupervisionon

assigned operational tasks, troubleshooting and repair of network systems. 8 years’

experienceintheU.S.AirForceasasecurityexpert.

23 134834324.1

● SindenHarum

ExecutiveManager,GigaWatt,Inc.

Day to day operational responsibility for staff, office administration, payroll, human

resources,bookkeeping,accounting,coreprograms,specialprograms.

● MichaelSavuskan

CЕO,GigaWattPte.Ltd.

24years'experienceinproduct,technology,andbusinessdevelopment,marketing,planning,

andsalesmanagement.Salesandprofitgrowth,newbusinesslaunches,anddomesticand

internationalmarketplaceassessments.

● HaydenGill

VPofSales,GigaWattPte.Ltd.

13years'experienceininvestment,marketing,andalternativecurrencies.From2010focuses

on bitcoin and blockchain technologies. Founder of successful projects in peer-to-peer

paymentservicesandalternativecurrencies.

CryptonomosTokenLaunchTeam

● NickEvdokimov,CEO

14years'experienceindevelopinghighloadonlineservices.FounderofnumerousInternet

enterprises.2yearsinBlockchaindevelopment.

● DmitryKhovratovich,SmartContractDevelopment

12years’ experience,witha focusonprivacyand securityofblockchainprojects (Bitcoin,

Ethereum),designandanalysisofcryptographicschemes,andsecuritysoftwareengineering.

SecurityResearcherattheUniversityofLuxembourg.

● AndrewKuzenny,HeadofIR

24 134834324.1

18years'experienceininvestorrelations,seekingandengagingpartners,assetmanagement.

ArecentBlockchaintechnologiesenthusiast.

● EdwardKhaptakhaev,LegalCounsel

12years'experience in legal supportof internationalanddomesticcompaniesengaged in

energygeneration,bankingandIT/IP.

● LeonidMarkin,Financialmanagement

12years’experienceinfinancesandassetmanagement.5yearsinfinancesinthehigh-tech

engineeringsegmentoftheenergyfield.Fintechentrepreneur.

● DariaGeneralova,CommunicationsandPR

10yearsinpubliccommunications.Diverseexperienceinmarketing,fromeventmanagement

to marketing strategy development, with a focus on infrastructure companies. Joined

blockchainindustrylastyear.

● AnarBabaev,DigitalMarketing

14 years in digital marketing. Internet entrepreneur focused on mastering and

implementationofnewtechnologies.Co-authorofseveralbooksondigitaladvertising.

25 134834324.1

RiskFactors

TheacquisitionofTokensinvolvesahighdegreeofrisk,includingbutnotlimitedtotherisks

describedbelow.Beforeacquiringtokens,itisrecommendedthateachparticipantcarefully

weighs all the information and risks detailed in this White Paper, and, specifically, the

followingriskfactors.

A.Dependenceoncomputerinfrastructure

GigaWatt'sdependenceonfunctioningsoftwareapplications,computerhardwareandthe

Internet implies that GigaWatt can offer no assurances that a system failure would not

adversely affect the performance of your mining operations. Despite Giga Watt's

implementationofall reasonablenetworksecuritymeasures, itsprocessingcenterservers

arevulnerabletocomputerviruses,physicalorelectronicbreak-insorotherdisruptionsofa

similarnature.Computerviruses,break-insorotherdisruptionscausedbythirdpartiesmay

resultininterruption,delayorsuspensionofservices.

B.Smartcontractlimitations

Smartcontracttechnologyisstillinitsearlystagesofdevelopment,anditsapplicationisof

experimental nature. This may carry significant operational, technological, regulatory,

reputationalandfinancialrisks.Consequently,althoughtheauditconductedbyindependent

thirdpartyincreasesthelevelofsecurity,reliability,andaccuracy,thisauditcannotserveas

any form of warranty, including any expressed or implied warranty that theWTT Smart

Contractisfitforpurposeorthatitcontainsnoflaws,vulnerabilitiesorissueswhichcould

causetechnicalproblemsorthecompletelossofWTTtokens.

C.Regulatoryrisks

TheBlockchaintechnology, includingbutnot limitedtotheissueoftokens,maybeanew

concept insomejurisdictions,whichmaythenapplyexistingregulationsor introducenew

regulations regardingBlockchain technology-basedapplications, and such regulationsmay

conflict with the current WTT Smart Contract setup. This may result in substantial

modificationsoftheWTTSmartContract,includingbutnotlimitedtoitsterminationandthe

lossofWTTtokens.

D.PriceofBitcoin

26 134834324.1

GigaWattoffersservicestocompaniesandindividualsengagedinminingcryptocurrencies,

primarilyBitcoin.SuchoperationsarehighlydependentonBitcoinpricesatlocalexchanges.

SharpandprotracteddeclineinBitcoinpricescanaffecttheabilityofGigaWatt’scustomers

tofulfilltheircontractualobligationstopayrentalfeestotokenholderswhosetokensthey

rent.

E.Rapidchangesintechnologymayadverselyaffectminingbusiness

Cryptocurrencymining is a verydynamicand fast-pacedbusiness. To remain competitive,

GigaWattwilluseitsbesteffortstofollowandpromptlyintroducethelatesttechnologiesat

itsfacility.However,GigaWatt'sfailuretoremaincompetitivedespiteitsendeavorsmaypose

theriskofdecliningbenefitsfortheWTTtokenholders.Likewise,tokenholdersareadvised

tomonitortheirownminingequipmentperformanceandupdateitasneeded.Alternatively,

as their equipment performance weakens over time, they should consider renting their

tokensouttootherminerstoavoidthedeclineintheminingrewards.

F.Fluctuationinminingrewards.

Miningcryptocurrencies isariskybusinessandmanyfactorsmustbecarefullyconsidered

priortoitscommencement.FluctuationsoftheBTCprice,increaseofthepricesformining

equipmentandelectricity,growthoftheminingdifficultyrate,decreaseintheblockreward,

andmanyotherfactorsmayaffectminingrewardsandresultinlosses.

G.Fluctuationintokenbenefitsandrentalincome.

TheWTT token is intended to provide a valuable benefit of access to a low-cost hosting

solution for cryptocurrencyminersbygiving them theability touseGigaWatt’s facilities.

AlthoughtokenholderscanrenttheirtokenstootherpeoplethroughtheinternalGigaWatt

platformandreceiveincomefromrent,theprimarypurposeofthetokenistoallowtoken

holderstoachievesavingsbycuttingcostsoftheirminingoperations.Marketchanges,adrop

inhostingprices,changesinthelocalcostofelectricityatWTT’sfacilityandotherfactorsmay

reducethevalueoftheWTTtokensanddrivedowntherentalpricesoftokens.

H.Constructiondelay.

ConstructiontimelinespecifiedinthisWhitePaperisbasedonthereasonableestimatesbut

isnotguaranteed.Thistimelinemaychange,andtheconstructionmaybedelayedbecause

27 134834324.1

ofmany factors, including those beyondGigaWatt’s control, such as the actions of third

parties(contractors,suppliers,etc.).Ifthecompletionofthecapacitiesisdelayedbymore

than3monthsfromtheprojecteddate,and,consequently,therelevantWTTtokensarenot

issued,theescrowagentmayissuearefundattherequestoftheWTTtokenpurchasers.The

refundwillbeissuedintheoriginalformofpaymentattheexchangerateonthedateofthe

refund.

I.Changeinelectricityrate.

Theeffectiveelectricityrateprovidedinthisdocumentisbasedonacurrentcostofelectricity

availableundertheexistingcontractswiththePublicUtilityDistrictofWashingtonState.The

electricityrateisnotguaranteedandmaychangefromtimetotime.Anychangeinelectricity

rateswillcauseadirectchangeinthevalueoftheWTTtokensandtheongoingcostofhosting

yourminingequipment.

J.Irregularelectricityconsumption.

If during the testing of the equipment sent to Giga Watt for hosting such equipment

demonstratesagreateruseofelectricpowerthanthenumberofWTTtokenspurchasedor

rentedtoaccommodateit,theequipmentownerwillbechargedaregularGigaWatt'shosting

rate(7.5-9.75centsperkWh,dependingonthenumberofhostedminers)foranyamountof

powerconsumedbytheequipmentinexcessofthenumberoftokensavailabletohostit.

K.Changeofelectricityconsumption.

Fromtimetotime,theequipment'spowerconsumptionmayfluctuateforvariousreasons

including but not limited to seasonal temperature changes. If andwhen the equipment's

powerconsumptionexceedsthenumberofWTTtokenspurchasedorrentedbyitsownerfor

itshosting,theownerwillbechargedaregularGigaWatt'shostingrate(7.5-9.75centsper

kWh,dependingonthenumberofthehostedminers)foranyamountofpowerconsumedby

theequipmentinexcessofthenumberoftokensavailabletohostit.

L.Changeinmaintenancecost.

Themaintenancecostspecifiedinthisdocumentisbasedonthecurrentlaborcostsandthe

hours required to run the company’s operations and maintain the projected number of

facilities and the clients' equipment.Over time, the cost ofmaintenancemay change for

28 134834324.1

various reasons, includingbutnot limited to theeventualminimumwage increaseby the

WashingtonStateorFederalgovernment.Anychangeinmaintenancecostwillcauseadirect

change in the value of the WTT tokens and the ongoing cost of hosting your mining

equipment.

M.Salesandothertaxes.

Token holders and purchasers of mining equipment may be required to pay sales tax

(collected at sale) and other taxes associatedwith the transactions contemplated herein,

whetherintheUnitedStatesorintheirhomecountries.Itwillbeasoleresponsibilityofthe

tokenholdersandpurchasersoftheminingequipmenttocomplywiththetaxlawsofthe

UnitedStatesandotherjurisdictionsandpayallrelevanttaxes.

N.ForceMajeure.

GigaWatt’sperformancemaybe interrupted,suspendedordelayedduetoforcemajeure

circumstances.ForthepurposesofthisWhitePaper,forcemajeureshallmeanextraordinary

eventsandcircumstanceswhichcouldnotbepreventedbyGigaWattandshallinclude:acts

ofnature,wars,armedconflicts,masscivildisorders,industrialactions,epidemics,lockouts,

slowdowns, prolonged shortage or other failures of energy supplies or communication

service, acts of municipal, state or federal governmental agencies, other circumstances

beyondGigaWatt'scontrol,whichwerenotinexistenceatthetimeofTokenLaunch.Ifsuch

circumstancesoccurpriortoissuanceofWTTtokensandGigaWattisunabletoissueWTT

tokenswithin6monthsfromtheprojecteddate,theescrowagentmayissuearefundatthe

request of the WTT token purchasers. The refund will be issued in the original form of

paymentattheexchangerateonthedateoftherefund.

O.CompliancewithU.S.lawsandregulations.

BecausethehostingfacilitiesarelocatedintheUnitedStates,WTTtokenholderswhowish

tousetheirtokenstohosttheirequipmentatthefacilitieswouldberequiredtocomplywith

theU.S. lawsandregulationsandmayneedtoverify their identitiesandprovideproofof

address(forindividuals),orverifytheirregistration,goodstanding,listofultimatebeneficial

owners,andaddress(forlegalentities)priortousingtheirWTTtokensandsettinguptheir

equipmentatGigaWatt'sfacilities,oratanytimethereafteruponGigaWatt'srequest.Token

holders who fail to comply with such verification request, or who are determined to be

29 134834324.1

restrictedfromdealingwiththeU.S.entitiesoroperatingintheU.S.,orwhoareotherwise

ineligibleundertheUSlawtohosttheirequipmentwithGigaWattwouldberefusedhosting

orWTTtokenrentalservices,withnorefundissuedbyGigaWattforthepurchasedtokens.

Suchtokenholdersmayretaintheirtokensormay,attheirdiscretion,choosetosellthemto

eligiblecustomers.Tokenpurchasersaresolelyresponsiblefor learningabouttheUS laws

andlegalrestrictionsapplicabletoresidentsofcertaincountriesandindividualsinvolvedin

certainactivities.

P.Disclosureofinformation.

PersonalinformationreceivedfromWTTtokenholders,WTTtokenrenters,andownersof

theequipmentsubmittedforhosting,theinformationaboutthenumberoftokensorminers

servicedbyGigaWatt,rewardsearnedonthepool,thewalletaddressesused,andanyother

relevantinformationmaybedisclosedtolawenforcement,governmentofficials,andother

thirdpartieswhenGigaWattisrequiredtodisclosesuchinformationbylaw,subpoena,or

courtorder.GigaWattshallatnotimebeheldresponsibleforsuchinformationdisclosure.

Q.ValueofWTTToken.

Oncepurchased,thevalueofWTTTokenmaysignificantlyfluctuateduetovariousreasons.

GigaWattdoesnotguaranteeanyspecificvalueoftheWTTTokenoveranyspecificperiodof

time.GigaWattshallnotbeheldresponsibleforanychangeinthevalueofWTTToken.

Assumptionswithrespecttotheforegoinginvolve,amongotherthings,judgmentsaboutthe

futureeconomic,competitiveandmarketconditionsandbusinessdecisions,mostofwhich

arebeyondthecontroloftheGigaWattprojectteamandthereforedifficultorimpossibleto

accuratelypredict.AlthoughtheGigaWattteambelievesthatitsassumptionsunderlyingits

forward-lookingstatementsarereasonable,anyofthesemayprovetobeinaccurate.Asa

result, the GigaWatt team can offer no assurances that the forward-looking statements

containedinthisWhitePaperwillprovetobeaccurate.Inlightofthesignificantuncertainties

inherent in the forward-looking statements contained herein, the inclusion of such

informationmaynotbeinterpretedasawarrantyonthepartofGigaWattoranyotherentity

thattheobjectivesandplansoftheGigaWattprojectwillbesuccessfullyachieved.

Please note that theGigaWatt projectmay be subject to other risks not foreseen by its

managementatthistime.