First of its kind ICO
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!
(original logo is transparent, I had to add background to make it visible)
Seriously, don't buy these tokens.
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.
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.
How to contribute
he crowdsale begins on:July 4th, 2017 at 2:00 P.M. UTC
(don't worry, authors set a reminder on my iPhone)
and will run until: July 11th, 2017 at 2:00 P.M. UTC
(or until authors feel like ending it)
To participate in the UET ICO, just send as much Ether as you want to the UET token/crowdsale contract. Make sure you provide enough gas for the transaction—100,000 or so ought to do it.
0x27f706edde3aD952EF647Dd67E24e38CD0803DD6
Token distribution
The more Ether everyone contributes, the more tokens you get.
The base token distribution formula is very simple: for every 1 ETH you contribute, you'll receive 100 UET, and if you contribute at least 0.01 ETH, you'll also receive an additional 1 UET for every Ether that's been contributed in total.
Bonus tokens!
Every block has a 1 in 256 chance of issuing bonus tokens.
DISCLAIMER:
This ico seems to bo a joke, however it's quite proffesional and noone knows whether is fake or actuall ico ;)
funny but useless cryptocurencies like dogecoin or cannabis can make profit too, so I wouldn't treat it as a complete scam :)
SOURCE: https://uetoken.com/
