See ETH ICOs Craze? Meet Useless Ethereum Token!

in #ethereum7 years ago

Anyone checking cryptos right know is aware of crazy Ethereum based ICOs that mostly pay out really good.
While some of this tokens are really coded new things on the network many are just a copy-paste template of ERC20 to get funding.

So for laugh (just like DOGE long ago) some guys made a token called - Useless Ethereum Token UET.

ICO Investment

Sounds like trolling right? Well it just got real. Its trading!

HitBTC exchange that ive already spoke of here few times added it and its running already with volume.


Of course it just started, first trades are always super big on markets and we see 100% off later but the interesting thing is the coin actually getting an exchange with volumes.

TLDR; Coin was made for lulz but remember where DOGE is now!

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

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lolz awesome, thanks for finding this.

True Flip {ICO} - Already running a transparent blockchain lottery! Bomb! Bonus 20%! Hurry! :)
The platform is already working and making a profit :)
https://steemit.com/ico/@happycoin/true-flip-ico-already-running-a-transparent-blockchain-lottery-bomb-bonus-20-hurry

I'm making the crypto world friendly and accessible for everyone by explaining acronyms and terms related to cryptocurrency. Here I found:

ICOInitial Coin Offering is a means of crowdfunding the release of a new cryptocurrency, the tokens being sold to raise money for technical development
ERC-20A token standard of Ethereum, which defines a common list of rules for all Ethereum tokens to follow, meaning that this particular token empowers developers of all types to accurately predict how new tokens will function within the larger Ethereum system

Please upvote for visibility. If there are any missing terms here you want to be added to the database, please comment, so I'll become better.

Section 13. All additional funds, not being utilized, will be used for the building of a space elevator tethered to the earth, in the effort to disrupt transnational and corporate efforts to privatize space exploration.

Haha - that's awesome.

Very nice of you to do for those not aware. Thanks :)

haha so funny. is it difficult to create a coin?

Not at all. I've created our own YEHEY coins. You can buy our coins using SBD or STEEM
https://steemit.com/ethereum/@yehey/we-now-have-our-own-yehey-coins-cryptocurrency

Check it out.
Follow me @Yehey

ERC20 tokens are almost a copy-paste

I'm buying that coin.. is it ok?

Useless Ethereum Token UET - lol this is crazy :))) .com bubble

super easy

No it is not difficult to create a coin. This stuff is magic for real!

Wow, this scam is going on a whole new level and is getting a little out of hand. I guess there will always be a greater fool.

I don't think it in scam. This token is a joke coin blatantly making fun of how many ICOs have been launching and the investors willing to Shell out cash and risk it all for a project and team they may know nothing about.

A friend just showed me the ICO website for this.
It may be a parody coin but hes thinking of getting involved.
The internet loves meme's this could work.

Thanks @kingscrown
I want to buy ethereum but i dont know which wallet i will use please help me to select wallet.

Just an amazing post as usually you do on topic of cryptocurrency.

Thanks @

I recommend to use
https://www.myetherwallet.com
Or install metamask chrome extension
MetaMask is a bridge that allows you to visit the distributed web of tomorrow in your browser today. It allows you to run Ethereum dApps right in your browser without running a full Ethereum node.
https://metamask.io
(I use both - I.e. Imported myetherwallet to metalask)

Here use my wallet for ETH: 0xe136c02c0c6263672bc45d12a3176e0571ea28c3

https://www.ethereum.org/
you can download ETH wallet here

THAT'S AWESOME!!! HAHAHA

Ahahah great! You have a new follower, man!

lol

crazy? - indeed
surprising? - not at all :-)

The king's(crown) new clothes!

Looks stupid and crasy but also fetching money. It is a dilemma right now. I hated dodge for being a joke coin but hei people are still making a living through it so never say never.

Justin Bieber yoww

Yes!!! Never say never.

i was on the verge of trying this out myself. i was really contemplatin of doing an ico for an idea that i have. an probably makes lot of money thru the process. its amazing how much money can be made and fund thru the ico scheme. you doubt need to make a working viable product to have mills in funding. which is sad because a lot pf startup have great idea but dontget enoughr funding. ico has become a joke

Interesting, I made a nice small profit on this coin. Now it's really down 0.00005400

uet.JPG

This comment has received a 0.17 % upvote from @booster thanks to: @emble.

Right now my eyes are juste on steem and i plan to hold it for few years coe i'm sure that it will be go Upppp

This comment has received a 0.15 % upvote from @booster thanks to: @hamzaoui.

Maybe the UET token can be exchanged as an electronic way to express displeasure. It would be the opposite of giving a Dogecoin tip. It could be an electronic method to use blockchain technology to give someone the finger.

Hahahahaha!!!

That's really an amazing idea!

When I Did Missed the Boat of Ethereum Ups & Downs, that time I was thinking why I am going to Lose this opportunity. But Now, I am Thinking for What Reason I Lose the OPPORTUNITY??? THE REASON IS: NO REASON, of RISE IN PRICE in such UNEXPECTED Way...!!!

Thanks - @cWorldV99

I remember when Doge first came out and everyone was just throwing it around for giggles, I was thinking this probably going to be worth something in a few years.

HAHAHA - such a big joke in the ICO scene . . At first when I first saw this token I thought, yea right man. But after it mooned I was like . .

Bahahahaha I spit out my coffee reading this haha

Tyrone Biggums strikes again!🤣

it is really amazing how foolish the world has become.

Anyways, guys if anybody is interested in getting free coins, please reply back with you waves wallet address and I will forward you some coins for free.
I have actually created a coin that I am soon will be holding an ICO for and guess what.. It'll be fully distributed for free among the community.

Please visit my page as well @riz-cryptonian and upvote, follow and resteem my posts if you so choose to.

#upvote4upvote
#follow4follow

wow... UET what is that !?
this is so dumb

This is mad!! I am now concerned that added to the mainstream hype around Bitcoin and Ethereum. this may be hinting at a market top, just before a crash!! Nothing screams 'over exuberance' and 'bubble' more than people buying something that describes itself as 'do not buy me'!!

Yes, that is true. I guess this UET ICO has been done by some BTC owner. But as this is the first one, you can hope it to get very high until the owner adds some real value behind it.

I'm not sure they can appeal to investors with this name, at least DOGE has a cute name, Lol.

And this is just the beginning))) In general quite few % of people are involved in crypto)

Why does the logo look like a middle finger?

Hahaha! Because it is!
Read the article, LOL!

So not a real valuable coin, but it's still holding? Ha, what's next -_-"

Love DOGE. Just saying it is fun ;-p

me too, but amazing is the volume of Doge... how can it be?

$0.0025
4 dogecoin = one U.S. cent.

good post~

Irrational exuberance anyone?

So should I be buying?

Brian, if your current Ethereum tulip bulb collection does not contain a bulb that doesn't sprout and has shitty genetics then get some before they all are gone! However, due to the success of the UET token ICO I've already heard rumors that the Really Useless Ethereum Token (RUET) ICO is already in the works. :-)

buy now... at least 10 k s worth

Great article .followed and upvoted!

I'm going to accumulate as much UET as possible. I have a good feeling about this coin :D

i love all the info and thank you for it

The crypto-mania is getting out of hand... I just hope people invest prudently and do their due diligence in this sort of enviroment.

The ethereum classic chain has got a few ICO's running, almost every single one is looking pretty solid actually. Just found the Postalgia and Soundchain projects that are ICO's going to run on the classic chain.

Both stable business idea's and Postalgia even got a product out.

Not bashing ethereum in anyway, some ICO's are looking really good, but relative to the ICO's out there it's a very small amount (IMO).

Perhaps all the attention to Ethereum the last months is a major contribution to this. The attention has just sucked in people that doesn't really know exactly what they are doing dealing in anonymous cyber-currencies. Sounds kind of like paradise for scammers.

My reasoning behind this being that ETC has quite few ICO's but all feeling solid. Scammers are probably not as willing to try and scam people on the ETC chain as that community often is a bit more "involved" in the crypto-space and that the classic chain mostly is ignored by the crypto-mania investors out there (for now anyway).

And i would note again that i am not against ETHEREUM in particular, just arguing about possibilities (i know many get upset when you mention classic, probably because they are heavily invested in eth, which i understand may cause emotions)

Anyway, good post dude, its great to remind people to be a bit more careful. And lol that UET is actually being traded...

why payments for post stopped??? whales please upvote minor posts or you will loose people,

This is banter! Good to see some humour in the industry!!

They're like the Napolitani (people from Naples)... They fuck you over, but they'll do it with a smile on your face

flat,800x800,075,t.jpg

This will be like a game of "hot potato"...who's gonna be left holding the bag of shit when the trading stops..????? ME!...Im all over this! Oh sweet arbitrage!

Useless Token - at least the creators are honest with us lol.
There are more tokens with funny names out there- my favourite is PutinCoin.

The thing is it's interesting to find out how many people will be robbed while others will find real value in this new market. To know that you have a good ICO you have to know who's behind the contract, then their white paper better have something on their other than a blank paper!!! LOL Great Post!

This is crazy i posted about this and no upvotes

It would be funny if it weren't true. It's just... kind of sad

Good to Know.... ETH is in a bubble.... I will maybe buy some when they are more stable.

It's funny and good for the guy who did it, if people want to send him money who am I to argue? In the long term though I worry these crazy ICOs will crash cryptos.

That's right, it's clear that the ICOs are taking capital from the rest of the world these weeks 😊

This is simply great. Re-steemed.

let us see if this will have a market cap same as DOGECOIN

This is very interesting. First of all I'd like to say that this is only going to happen once (in my opinion). The reason is that it's something new and original and witty. However, in a few months, I think the creator is going to back the idea up with some value. Otherwise, people are going to jump out of that boat soon. So if I had bought UET (that I haven't and I'm not going to), I would like to see some value added to the idea. It's funny but what about if we get serious?

Bitquence is a great one for anyone looking to invest!

I Like this very much. Useless Ethereum Token is like sand. If we buy some sand he or she can build a castle.

These are almost as good as the actual Shitcoin tokens.

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