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Text
* About
* Contributing
* Token details
* FAQ
* __
* __
*
THE WORLD'S FIRST 100% HONEST ETHEREUM ICO. ------------------------- You're going to give some random person on the internet money, and they're going to take it and go buy stuff with it. Probably electronics, to be honest. Maybe even a big-screen television. Seriously, don't buy these tokens. ------------------------- __ Reddit __ Hacker News First of its kind ICO Let's be honest—everyone's tired of ICOs. They get hyped up for weeks, and then they launch and clog up the Ethereum network for days, Coinbase goes down for a while, and then “investors” see the new tokens lose most of their “value”. This ICO is going to bedifferent.
The UET ICO _transparently_ offers investors no value, so there will be no expectation of gains. No gains means few investors, few investors means few transactions, and few transactions means no Ethereum network lag—not to mention no depressing posts on /r/ethtrader about people losing all their savings! ------------------------- Might be secure, definitely not audited I learned all about Ethereum smart contracts and Solidity over a weekend so I could launch this ICO. Most of the smart contract contract code is copied from GitHub and Stack Overflow posts, so it should be pretty much right… right? Also, I definitely _didn't_ have any smart contract experts look at the contract before I launched it. I mean, why bother? All the other ICOs go through weeks of auditing and they still end up with bugs and vulnerabilities in their contracts. ------------------------- Guaranteed token value Unlike with every other token sale on the market, I can guarantee here and now that the value of UET will not (in fact, can not) reduce during or after the ICO. Since these tokens aren't worth anything to start with, there's nowhere to go but up! But remember—this is a _completely honest_ ICO, which means I don't want anyone to mistakenly _expect_ the value of the tokens to go up, either. They're called Useless Ethereum Tokens for a reason. THE UET CROWDSALE HAS FINISHED. Thanks to everyone who contributed! (Regardless of the fact that none of you read any of the warnings onthis page.)
You can view the token contract and transactions on Etherscan.
CROWDSALE STATISTICSEther contributed
—
Contributions in USD—
Tokens issued
—
TOKEN DISTRIBUTION
The more Ether _everyone_ contributes, the more tokens _you_ get. The base token distribution formula is very simple: for every 1 ETH you contribute, you'll receive 100 UET, and if you contribute at least 0.01 ETH, you'll also receive an additional 1 UET for every Ether that's been contributed in total. Like this:TRANSACTION
ETHER SENT
TOTAL ETHER SENT
UET RECEIVED
#1
1.000 ETH
1.000 ETH
101.000 UET
#2
3.000 ETH
4.000 ETH
304.000 UET
#3
0.005 ETH
4.005 ETH
0.500 UET
#4
0.500 ETH
4.505 ETH
54.505 UET
BONUS TOKENS!
Every block has a 1 in 256 chance of issuing bonus tokens. When purchasing UET, the smart contract will take a hash of the current block's coinbase, number, and timestamp. If the first byte of the hash is 0x00, the block becomes a _bonus block_. During a bonus block, the smart contract counts the number of bits set in the second byte of the hash and uses that number as a bonus multiplier. Every UET purchase of at least 0.01 ETH worth during the bonus block will receive, in addition to the base distribution, an ADDITIONAL 100 UET per Ether multiplied by the bonus multiplier. That means that contributors have a chance of receiving a total of _nine times_ the number of tokens they expected! FREQUENTLY ASKED QUESTIONS Wait… is this a joke? Is it a scam? Neither! This is real—and it's 100% transparent. You're literally giving your money to someone on the internet and getting completely useless tokens in return. There are no “whitepapers,” no “products,” and no “experts.” It's just you, me, your hard-earned Ether, and myshopping list.
------------------------- Why are you doing this? Who knows? Maybe it's because I lost money in the GDAX flash crash. Maybe I got inspired by the guy who crowdfunded the potato salad. Maybe I'm just way too bored and need a better hobby. ------------------------- What can I do with UET? UET is a standard ERC20 token, so you can hold it and transfer it. Other than that… nothing. Absolutely nothing. (Seriously, don't buy this. Why are you even still reading these?) ------------------------- Will UET be traded on any exchanges? I hope so. You have _no idea_ how much I hope so. In fact, if it does get picked up by any of the major exchanges, I promise to use some of the ICO proceeds to constantly and incessantly manipulate the market. ------------------------- Will there be more chances to buy UET? That's a great question! It totally depends on how the ICO performs in the beginning. If I don't make enough money to buy at least one flat-screen television, I'll probably keep the ICO open longer thaninitially stated.
------------------------- How do I get a refund for the tokens I bought? You're kidding, right?__ Twitter
__ GitHub
__ Email
__ Reddit
__ Hacker News
------------------------- 2017 Some random person on the internet All Right Reserved, including the right not to give back your money.Details
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