Community post
The Most Useless Cryptocurrency Ever?
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.
Replies (21)
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You got a 9.09% upvote from @upyou thanks to @actuary!
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the hype is real resteemed!
This post has received a 2.02 % upvote from https://steemitimages.com/DQmcZYv2276nr6zEDDTZY1iLcgaBiNqumAnYtmvxNtr5zrW/minnow_klein.png thanks to: @actuary.
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Thank you @actuary for making a transfer to me for an upvote of 5.39% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
Hahahahhaha What a guy! Legend!
Well, if the creators' being totally honest about his coin having absoloutely on him, then hats off to them for making free money.
You got a 27.76% upvote from @allaz courtesy of @actuary!
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This post has received gratitude of 1.42 % from @appreciator thanks to: @actuary.
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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!