First Second of its kind ICO
Let's be honest—everyone's tired of ICO hype. Waves network al ready contains over 2.000 assets and its numbers are rapidly increasing. Investors buy in and see the new tokens lose most of their value, especially if the tokens turn out to be fake (MobileGo, Ethereum, Bitcoin etc.);. This token is going to be different.
The UWT ICO transparently offers investors no value, so there will be no expectation of gains. Neither we use a name of already established coin. No gains means few investors, few investors means few transactions, and no dumps like we saw with the Wagerr and Starta ICOs. Not to mention no depressing posts on /r/wavesplatform and Telegram about people losing all their life savings!
Very secure, very useless
While the dev of UE Token had to learn about smart contracts and Solidity for over a weekend, we were done much faster. Waves Platform currently doesn't have support for smart contracts, so that was easy. Fortunately, issuing a token is done within minutes.
Talking about safety, it is absolutely safe to participate in the ICO and to use the exchange. Do you see a green lock next to the url? It means that we got it all covered (although it is just a free automated SSL certificate that we use).
Guaranteed token value
Unlike with every other token sale on the market, we can guarantee here and now that the value of UWT will not (in fact, can not) reduce after the ICO. Since these tokens aren't worth anything to start with, there's nowhere to go but up! You caa even get them for free, by participating in one of our bounty campaigns.
But remember—this is a completely honest token, which means we don't want anyone to mistakenly expect the value of the tokens to go up, either. They're called Useless Waves Tokens for a reason.
The crowdsale began on:
July 4th, 2017 at 14:00 P.M. UTC
(it is too late to FOMO now)
and ran until:
July 11th, 2017 at 14:00 P.M. UTC
(or until we feel like ending it)
To support the UWT team, just send as much Waves as you want to the UWT token wallet. With your funds we can create even more Useless products!
The more Waves you contributed, the more tokens you got.
The base token distribution formula is very simple: there are 100.000.000 tokens created. 75% of them were distributed during the ICO, while 10% are reserved for the bounty campaigns and 15% are reserverd for the developer team.
UWT's price per token will be determined by the amount invested divided by the total number of coins made available for distribution. This system is much more fair, as it makes sure all tokens get distributed. If there will be only one person weird enough to invest in this ICO, it means that he will get 75.000.000 UW Tokens, irrespective to amount invested. We accept all Waves tokens and assets, including Waves, WCT, Bitcoin, Nigger and others.
10% of all tokens were reserved for bounties.
After the end of ICO, 10.000.000 tokens were distributed along our community members, based on how much weight they have. One member is eglible for multiple rewards. Even more, if you will also mention Useless Ethereum Token in your message or post, we will double your weight. To receive a bounty reward, please send an email with a proof (for example, a screenshot) and your Waves address to our community manager John, at firstname.lastname@example.org. The amount of UWT that a member will receive will be calculated by dividing the member's weight by the total weight of all members and multiplying it by 10.000.000.
|#1||Twitter Retweet or Telegram Message||1|
|#2||Original Twitter Tweet||2|
|#3||Forum Post or Blog Comment||3||Posts on Reddit or 4Chan count|
|#4||New Blog / News Post||5|
|#5||BitcoinTalk OP translation||10|
Wait… is this a joke? Why do we need another token?
We feel that Waves platform, as a superior network to that laggy Ethereum platform also needs a 100% transparent asset. We want to spread the word about the Waves platform and to show its advantages over the Ethereum protocol as it offers great possibilities.
Other than that… nothing. Absolutely nothing.
(Seriously, don't buy this. Why are you even still reading this?)
Who is behind the team? What is the future of the project? Is it safe to invest? Why is the project not on github?
The community manager is John Doe, very well-known and experienced developer and community manager, who also launched a successful co-working ICO in the end of June. We also have a white paper and a road map. As we want to fine-tune our complex code before presenting it to the public, UWT is currently a closed source coin. The source code of our Useless Token Exchange is available here.
What are your plans apart from launching a Useless Exchange?
We consider launching our masternodes making cheap transactions possible (costing only 0.001 UWT) and establishing dual chain network with Ethereum token using (hacked) blockswap technology. We have also created 100.000.000 useful tokens, just in case the project turns to be out any good and we will need to swap them with 1:1 ratio. Still, just like with the UET, you're literally giving your money to someone on the internet and getting completely useless tokens in return. Just to make that clear.
Will UWT be traded on any exchanges?
Yes, it will be! In fact, it is already listed on Waves DEX and Dutch wavesdex.nl (use the latter if you want to support the Dutch weed industry). We have now even launched our very own useless token exchange where Useless Waves Token is listed with a green mark!
Are you not ashamed of copying the idea of Useless Ethereum Token?
Nah. The Waves token is definitely better. Yes, we
ripped off forked his bootstrap website and took his marketing materials. We even did not bother to create our own favicon icons, because nobody will notice. Still, we believe that UWT is the future, because our token does have a white paper and a road map. Also, we are the first to launch a Useless Token Exchange and we are looking forward to adding more useless features soon.
How do I get a refund for the tokens I bought?
You're kidding, right?