The Useless Ethereum Token is just that, a completely useless token that serves no purpose whatsoever. The UET ICO describes itself has the 100% honest ICO, one in which the investors were told they were getting nothing but a worthless token. The UET is meant to be taken as a joke, one that makes fun of the current ICO landscape.The UET ICO gathered roughly 310.445 ETH, worth roughly $70000 and destributed the total UET supply to investors, 3965716.097. The UET ICO featured a bonus campaign: 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.
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*Disclaimer: This data should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency/cryptotoken or ICO.