Second of its kind ICOLet'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.);. Ethereum platform is launching the Useless Ethereum Token and as we all know, Waves is superior to Ethereum, so Waves platform should also get a fully transparant token.
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 few transactions means no Waves network lag—not to mention no depressing posts on /r/wavesplatform about people losing all their life savings!
Very secure, very uselessWhile 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. 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 valueUnlike 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 during or 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 ICO, 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.
ICO Start: July 4th, 2017 at 14:00 P.M. UTCToken distributionThe more Waves you contribute, the more tokens you get.
The base token distribution formula is very simple: there are 100.000.000 tokens created. 75% of them will be 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.
Every UWT purchase of at least
0.5 Wave worth during the ICO will receive an additional 50% UWT per Wave.
Bounty campaigns10% of all tokens are reserved for bounties.
After the end of ICO, 10.000.000 tokens will be 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
john@uwtoken.com. 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. For more information, please check out the website.
ICO Waves address:
3PFn9SGPJ8yVjcmBps48Jx6ddz1QXwUiYqPFor more information, please checkout the
website, the
white paper or a
road map.
Idea ripped off from
Useless Ethereum Token.
