Do I Own a Shitcoin?




Useless Ethereum Token - Shitcoin Review

on Aug 13, 2018


USELESSETHEREUMTOKEN UET



Alright, lately we have been reviewing mid-tier shitcoins.

The reason is partially because MOST coins are indeed mid-tier, it’s obviously a bell curve…

We’ll chat more about that as we fine tune our shittiness algo and release it ;)

BUT...we figured we should start throwing some more shitcoins in the mix....bring more of the savage and humor.

That’s exactly why the perfect segue (we wanted to type segway...or segwit..) is to review the Useless Ethereum Token (UET).

Yessir, that is the name of a real token, listed on HitBTC, that people trade.

WARNING: most shitcoins are not this obvious. Most are more clever and use crap jargon that we will call out in the future.

 

Anyways, let’s dig in to UET!

Useless Ethereum Token (UET)

Shit-tier Shitcoin

 

Wtf is this shit?

This shit is shit. Their website says it's shit. And yet... they have $42,000 in trade volume on HitBTC! THEY ARE LISTED ON F***N HITBTC WTF. As crypto lovers, this really grinds our gears. Why would anyone list this shit? Even if it is obvious humor. There’s no comedic relief stock on the NYSE. Should we even take HitBTC seriously?

This coin is a satirical shitcoin, and yet it’s listed on HitBTC and people trade it. The owner admits he will manipulate the market if he can and that it’s a useless ERC-20 token.

He ended up with 310.45 ETH total. At its peak that was worth ~$350,000 (currently ~$90k).

 

Anyways, this was a fun one. Yes, it is listed on Coinmarketcap. Yes, it is listed on HitBTC. Yes, people trade it. 

 

P.S. - their logo is funny...it's a middle finger.

 

Who tf is behind this shit?

Some anonymous dude.

 

Have an interesting shitcoin you want us to review? Tweet at us. Until next time.

Chat soon.

- Mike and Aaron