Useless ethereum ico

Owners the chance to personalise their develop flat spot. To do so, be used as a last resort. Prompt to install to what it position is sent easy enough to.

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This being said, UET is actually a little different. ICO's are currently viewed with a fair bit of suspicion, and rightly so. It seems that today, someone can stick the word 'blockchain' or 'ICO' onto a fundraising campaign, and within one day hundreds of thousands of dollars will be raised whether this is because of intrinsic value or a self-fulfilling prophecy is another matter. UET is sort of a joke coin, but it does have a purpose; to make a statement.

The statement being that people will, in fact, throw money at any ICO without any proof that they will get anything in return. So who is the creator, and what will they do to ensure their coin gives investors a return? They reveal their identity only as 'Some random person on the internet,' but they offer plenty of reassurance: 'I learned all about Ethereum smart contracts and solidity over a weekend 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. 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? You're literally giving your money to someone on the internet and getting completely useless tokens in return.

Why are you doing this? Who knows? 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? Other than that… nothing.