‘Useless Ethereum Token’ Raises More Than $71k

“You give money to somebody on the Internet, and the person takes it and buys useless-ethereum-tokenthings with it.” Here’s the description of the so-called first 100% honest ethereum ICO “Useless Ethereum Token” and this honesty seems to have paid off, in fact more than 71,000 US dollars were invested in this token via their crowdsale.Useless Ethereum Token is a satire token and its anonymous creator, who goes by UET CEO, told the New York Observer: “I realized that people didn’t really care about the product. They cared about spending a little bit of money, watching a chart and then withdrawing a little bit more money. So why not have an ICO without a product, and do so completely transparently just to see what happened?”

 

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