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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. Let's be honest—everyone's tired of ICOs. This ICO is going to be different. 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 ethereum exchanges reddit All the other ICOs go through ethereum exchanges reddit of auditing and they still end up with bugs and vulnerabilities in their contracts.

Ethereum exchanges reddit 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 more Ether everyone contributes, the more tokens you get. The base token distribution formula is very simple: 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 ethereum exchanges reddit. That means that contributors have a chance of receiving a total of nine times the number of tokens they expected!

You're literally giving your ethereum exchanges reddit to someone on the internet and getting completely useless tokens in return. Maybe I got inspired by the guy who crowdfunded the potato salad. Maybe I'm just way too bored and need a better hobby. In ethereum exchanges reddit, 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.

That's a great question! It totally depends on how the ICO performs in the beginning. If I don't make enough ethereum exchanges reddit to buy at least one flat-screen television, I'll probably keep the ICO open ethereum exchanges reddit than initially stated. Seriously, don't buy these tokens.

First of its kind ICO. Might be secure, definitely not audited. The UET crowdsale has finished. Thanks to everyone who contributed! Regardless of the fact that none of you read any of the warnings on this page.

You can view the token contract and transactions on Etherscan. Crowdsale Statistics Ether contributed —. Contributions in USD —. Token distribution The more Ether everyone contributes, the more tokens you get. Every block has a 1 in chance of issuing bonus tokens. Frequently asked questions Wait… is this a joke? Is it a scam? Why are you doing this?

What can Ethereum exchanges reddit do with UET? Other than that… nothing. Seriously, don't buy this. Why are you even still reading these? Will UET be traded on any exchanges? You have no idea how much I hope so. Will there be more chances to buy UET? How do I get a refund for ethereum exchanges reddit tokens I bought?

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