![](https://steemitimages.com/DQmQDKztbVYdpGCL2LL53YtVCtETC4YyQvYHV7K2mNScDBu/image.png)

![](https://steemitimages.com/DQmXBp3MzPwpVBtgpzSZMZFx9eVzPpsd2xWekokGi8LWKP8/image.png)

Could this be the most useless coin ever?

Meet UET, the Useless Ethereum Token. 

![](https://steemitimages.com/DQmSPgATByhckKSpJVWt21irjVYxEJ34sB5nesAFF67F9gq/image.png)

With a circulating supply of around 4 million, this coin trades for 4 cents a piece.
This token markets itself as being completely useless, but people still buy it just to ironically own some. The initial crowd sale raised over $60,000 even though the founder clearly stated that it was a useless token and he would be pocketing any proceeds for himself.

![](https://steemitimages.com/DQmNSVispbSBAJ7BUcC4rzQVxVcgaEseyPmgZtDDzsz2YYH/image.png)

Even the founder himself was dumbstruck that anyone would purchase such a useless coin.

![](https://steemitimages.com/DQmVKqdEXBiUtGoNUczzq36dnuu1cHyvgLB7Kz3rYdvHwH3/image.png)

Six months later, this token is still being traded:

![](https://steemitimages.com/DQmSjWhuNDcf68pZPBmgAxh8TN7MCmU4kgb29DdWq2vpQsv/image.png)

Where did all the money go? Was it used to create decentralized blockchain solutions using chainblock technology or some other generic white paper buzzwords? 

No. He bought TVs with it.

![](https://steemitimages.com/DQmQVjhTg8NqzxT8dAPiKFrTLBHpzqUWf1Jbwr9Pnk54LRo/image.png)