A total of 10,000,000 GIGA tokens will be generated at a face value of 35 GIGAs per ETH (approximately 0.02857143 ETH per GIGA). No further production of tokens is planned in the near future. 5 million tokens will be sold during the crowdsale and 5 million will be held in reserve plus any unsold tokens after the crowdsale. As the platform evolves, management will re-evaluate the merits of additional token production. No tokens will be given to founders. 

All purchases of GIGAs will be transacted in Ethereum (ETH), Bitcoin or fiat currency. If the minimum threshold is not reached, funds received during the crowdsale will be refunded to buyers automatically. All purchasers will then be required to review and accept the TGE terms and Conditions and disclosures and comply with eligibility requirements. 

Upon acceptance, purchasers will input the number of GIGAs they wish to purchase. They will then be provided with the cost of the token(s) in ETH, BT or fiat currency plus a provision for GAS and then further provided with the public key for payment. Purchasers will be required to have an ETW wallet which supports ERC-20 tokens. At time of purchase, tokens will be transferred upon completion of the smart contract.

Tokens will be created based on the ERC20 smart contract standard. Smart contracts will be designed to minimize transaction costs. 

The TGE will begin on December 20, 2017 and terminate on January 30, 2018. GIGAs will be sold at a discount based on a date of purchase as follows:


The Howey test was developed in the late 1940s by the US Securities and Exchange Commission (SEC) to determine whether certain types of transactions qualify as “investment contracts” and therefore subject to SEC oversight. Key aspects of the GIGA relevant to the Howey test to be considered are as follows:

  1. Investment of Money: The GIGA is not an investment of money but rather transport token which facilitates transactions between parties. As such this does not constitute an investment as per the Howey definition.
  1. Expectation of Profit: GIGAs are not being sold with any expectation of profit.  GIGAs are transport tokens intended to facilitate transactions between parties. They will in the future be consumable for services or resold. Therefore there is no expectation of profit based on an investment. 


  1. Common Enterprise: Token holders are not part of a “common enterprise” i.e. shareholders – rather they are clients related to a service. Under common enterprise provisions of Howey, “investors” pool funding and share in profits and risk based on their proportion of the pool. Holders of GIGAs will not be sharing in any profit based on the proportion of GIGAs they hold.


  1. Efforts of Promotors/Third Parties: There is not expectation of profits by the token holder as the result of efforts from a promoter or third party.  No promotors or third parties are involved in the GIGA token.


The “Simple Agreement for Future Tokens” or “SAFT” framework, which establishes certain criteria for tokens in light of the dated nature of the Howey test is not applicable in the case of the GIGA as there is no future delivery of the tokens and the network is in place at the time of sale.


The GIGA and its underlying utility are essentially ready for launch and implementation. There remaining development tasks that need to be undertaken will be completed by the time of the TGE and up to a maximum of 90 days following. Roadmap consists of 2 distinct but parallel and complementary paths;

1. Launch and ongoing enhancement of iPCS

Module Status Timeline for Completion
iPCS Application/the iPCS SIM Ready – minor development 30 days
Authorization/Accounting Beta 60 days
IP Routing Engine/Access Protocol Beta 60 days
Core EPC/3G and Interconnection with GSM Clearinghouse Operational testing 90 days

2. Smart contract development and support.

Module Status Timeline for Completion
GIGA Wallet Back Office/Exchange Ready – minor development 30 days
Smart Contracts Beta 60 days

Use of Funds

Item % Use of Net Proceeds*
Purchase or reserve for data 47%
Human Resources 4.3%
Development 20%
Administration 2%
Marketing 6.6%
Overhead 2.9%
Equipment/Servers 5.2%
Audit/Legal 3%
Working Capital 9%
Total 100%