UET is a standard ERC20 token, so you can hold it and transfer it.
Sounds like almost every crypto token. I honestly don't know why there's so much hype behind every new token sale. They all offer the same thing: speculation.
Buy, hold, sell. That's about it for most cryptos.
The fact that this guy states it's useless and people still bought it, is phenomenal, and shows the market is crazy.
Cryptogee