The Most Useless Cryptocurrency Ever?

in cryptocurrency •  10 months ago

Could this be the most useless coin ever?

Meet UET, the Useless Ethereum Token.

With a circulating supply of around 4 million, this coin trades for 4 cents a piece.
This token markets itself as being completely useless, but people still buy it just to ironically own some. The initial crowd sale raised over $60,000 even though the founder clearly stated that it was a useless token and he would be pocketing any proceeds for himself.

Even the founder himself was dumbstruck that anyone would purchase such a useless coin.

Six months later, this token is still being traded:

Where did all the money go? Was it used to create decentralized blockchain solutions using chainblock technology or some other generic white paper buzzwords?

No. He bought TVs with it.

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Hahahahhaha What a guy! Legend!

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Well, if the creators' being totally honest about his coin having absoloutely on him, then hats off to them for making free money.

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Good post

One of the important questions to ask before investing is 'what's the intrinsic value of this coin/technology'. Technical indicators are good but only serve day traders and fuel speculation. Read, and invest in value my friends, please! :-)

Would have been really cool if he setup a fund of some kind to donate the money to charity. Or at least some of the money. I understand that this symbolizes the greed of some people in Crypto though so ...

the vincentb effect
upvoted, commented and followed

the vincentb effect
upvoted, commented and followed

Whats hilarious is the open honesty, people basically "tipping it" for giggles and its STILL doing better than ReddCoin hahaha

Just dropped a new post myself, https://steemit.com/travel/@kashmirz/sydney-trains-24-hour-strike-and-life-in-motion check it out if you get a chance #vincentb unite!