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!
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 be different.
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.
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Founder of Texploxe, IMMO and ABP Member, Learner Rated on Oct 28, 2018
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16%
I am giving this the lowest possible rating because this was just a fun experiment for the ones who run it and didn't offered anything in return for the investors, though they explicitly told about it to the people.
CBDO LATOKEN exchange| Cryptoinvestor | Advisor | Listing | Networker Rated on May 3, 2018 Modified on Sep 9, 2018
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14%
There is no description of the project. Most likely the project is already dead. I will be able to change estimates only after there will be any activity and there will be a clear idea.
This looks like an ICO made to attract new entrant of the cryptocurrency space and raise money from them. This is very bad for the industry as it will give new entrants a wrong idea about ICOs and have negative collateral impression impact on the cryptocurrency scene as a whole.
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