The initial coin offering (ICO) craze is getting ridiculous. The latest evidence: A cryptotoken called “Useless Ethereum Token” has raised over $40,000 in just under three days.
Here’s its pitch: “UET is a standard ERC20 token, so you can hold it and transfer it. Other than that… nothing. Absolutely nothing.” And the offering still has four days to go before it closes.
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Easy pump and dump.
I could create Wekkies and sell them to credulous people. Care for a Wekkie?