Legal information

Status of the $WATT token

$WATT is intended to function as a utility token within the Watt network. Its purpose is to gate access: staking it produces Energy Points, which are required to mint the compute vouchers that the network redeems for work.

It does not represent ownership, equity, a share of revenue or profits, a debt claim, or voting rights in any entity. Holding it confers no rights against any company.

No offer, no solicitation

Nothing on this site or in the documentation constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, financial instrument, or investment. No prospectus has been filed and no regulator has reviewed, approved, or endorsed any of this material.

Eligibility

Access may be restricted or prohibited by the laws that apply to you. It is solely your responsibility to determine whether you are permitted to interact with the protocol, and to comply with any tax, reporting or licensing obligations that follow. Participation is not available to persons subject to applicable sanctions regimes, or resident in jurisdictions where participation would be unlawful.

Development status

The protocol is under development. As of the date of publication the contracts are not audited and not deployed to mainnet, no data centre is operating, and no energy partner is contracted. Descriptions of physical infrastructure describe an intended operating model, not an existing one. Plans may change materially or be abandoned.

Risk disclosures

Participation carries significant risk, including but not limited to:

• Regulatory risk. The treatment of tokens, staking and tokenised service credits differs by jurisdiction and is changing. Enforcement or new legislation could restrict or end the project.
• Technology risk. Smart contracts may contain bugs or vulnerabilities. Exploits, misconfiguration, or failures in third-party infrastructure can cause permanent and unrecoverable loss.
• Oracle and attestation risk. Energy budgets and job settlement depend on off-chain attestations. A compromised or unavailable attestor set can misprice points or delay redemption.
• Market and liquidity risk. There is no guarantee of a liquid market for $WATT or for vouchers. Vouchers expire and lose value as they approach expiry, by design.
• No return is promised. The token is designed for functional access. Nothing here should be read as a projection of value or yield.
• Execution risk. The system depends on securing sites with genuine curtailment, deploying hardware, and finding buyers for compute. Any of these may fail.
• Custody is yours. You are responsible for your keys and your transactions. No recovery mechanism exists.

Forward-looking statements

Material on this site may describe intentions, plans and expectations. Such statements are inherently uncertain, depend on factors outside our control, and are not guarantees of any outcome. No obligation is assumed to update them.

Limitation of liability

To the fullest extent permitted by applicable law, no liability is accepted for any direct, indirect, incidental or consequential loss arising from access to or reliance on this material, from acquiring, holding, staking or trading $WATT or vouchers, or from any unavailability or malfunction of the protocol.

These terms may be revised without notice. Continued use constitutes acceptance of the version then published.