DumpCoin ICO | The world's first ICO banking on the inevitable future of the ICO bubble
Created by a citizen of Earth, resident of streets. No devs, no products, just the token.
Yet another smart-ass ICO trying to get into your pockets
People are dumping money left and right. Initial Coin Offerings are no exception. In fact, many people piss away their hard-earned money on companies that are selling an idea without a product to back it up.
A lot of ICOs go to all the lengths to con you out of your money:
* they pitch an appealing idea
* pump it through social platforms
* create a good-for-nothing smart contract
* come up with a ghost team of developers and experts
* create a wallet which only clogs your disk space
* even create their own exchange to promote their useless coins
* and they get rewarded with millions of dollars for their hard work(!)
Last year, a company that ICO'd took the investors' money and went on a vacation in Spain.
A lot of ICOs go to all the lengths to con you out of your money:
* they pitch an appealing idea
* pump it through social platforms
* create a good-for-nothing smart contract
* come up with a ghost team of developers and experts
* create a wallet which only clogs your disk space
* even create their own exchange to promote their useless coins
* and they get rewarded with millions of dollars for their hard work(!)
Last year, a company that ICO'd took the investors' money and went on a vacation in Spain.
DumpCoin Philosophy
Yeah, I'm philosophical!
I have faith in the sanity of humankind. I refuse to believe that people would fund scam coins with millions of dollars hoping that their investment will multiply in value.
That leaves me with one explanation: some people find joy in throwing away their money. I'm basically providing you with a service to do just that: dump your money.
The only other explanation is that people are too naive to believe in the ICO hype. While ICOs bank on the naivete of the people to raise millions,
DumpCoin ICO banks on the inevitable future of the scam ICOs.
I prophesize that the ICO bubble will pop in the near future and the hell will break loose. Most of today's ICOs will fall one after the other and a lot of frustrated people will be left high and dry. There will be losers and there will be DumpCoin holders. As a DumpCoin HODLer, you'll get to brag and say to people "I told you so" and shove your Dump Coins in their faces. It'll probably be worth much more than their useless tokens.
Vitalik Buterin:
“There are some good ideas, there are a lot of very bad ideas, and there’s a lot of very, very bad ideas. 90% of ICOs will fail.”
That leaves me with one explanation: some people find joy in throwing away their money. I'm basically providing you with a service to do just that: dump your money.
The only other explanation is that people are too naive to believe in the ICO hype. While ICOs bank on the naivete of the people to raise millions,
DumpCoin ICO banks on the inevitable future of the scam ICOs.
I prophesize that the ICO bubble will pop in the near future and the hell will break loose. Most of today's ICOs will fall one after the other and a lot of frustrated people will be left high and dry. There will be losers and there will be DumpCoin holders. As a DumpCoin HODLer, you'll get to brag and say to people "I told you so" and shove your Dump Coins in their faces. It'll probably be worth much more than their useless tokens.
Vitalik Buterin:
“There are some good ideas, there are a lot of very bad ideas, and there’s a lot of very, very bad ideas. 90% of ICOs will fail.”
Why the hell would I give money to a random stranger on the internet?
Well, you got a point. For all you know, I may be the crown prince of Dubai having fun.
Or maybe I’m a homeless guy who, after hearing about the crazy success of Useless Ethereum Token, had a moment of epiphany and finally saw the light which would give me a way out of my current situation. Maybe, just maybe, I spent the last five months in a cyber café learning about cryptocurrencies, buzzwords, ICOs, creating a website, creating a token, pumping my site through social platforms and forums.
What is my purpose? To get off the streets. I don’t need a fancy widescreen television like the UET creator (no disrespect to my mentor). I just hope to be able to collect enough money to get off the streets, start a business and get my life in order. And I don’t need millions of dollars to achieve this. A couple thousands of dollars oughta do it.
Or maybe I’m a homeless guy who, after hearing about the crazy success of Useless Ethereum Token, had a moment of epiphany and finally saw the light which would give me a way out of my current situation. Maybe, just maybe, I spent the last five months in a cyber café learning about cryptocurrencies, buzzwords, ICOs, creating a website, creating a token, pumping my site through social platforms and forums.
What is my purpose? To get off the streets. I don’t need a fancy widescreen television like the UET creator (no disrespect to my mentor). I just hope to be able to collect enough money to get off the streets, start a business and get my life in order. And I don’t need millions of dollars to achieve this. A couple thousands of dollars oughta do it.
For more info on this, please take a minute to read the Whitepaper at the end of this post.
My Value Proposition
I'm not trying to fool you by offering you non-existing products or services. However, that doesn't mean DumpCoin doesn't have anything to offer.
When people start witnessing their hard earned money vanish with the failure of many ICO start-ups, they will get utterly disappointed. Out of frustration, they will turn their gaze to a coin that offers complete honesty and transparency. Well, at least that's what I'm banking on. And what is more honest and transparent than saying it like it is?
Given the fact that DumpCoin offers no value of any kind in products and services, the only way it can gain value is by people showing interest and attaching value to it which is the underlying principle for all the existing ICOs anyway. DumpCoin's value will derive from its honesty and philosophy. The more people show interest, the more mainstream it will be. It might even be traded by some exchanges and when it does, there is no difference at all with a multi-million dollar scam token (but still, any sane person would dump it as soon as it hits any exchange or keep it as a souvenir.)
When people start witnessing their hard earned money vanish with the failure of many ICO start-ups, they will get utterly disappointed. Out of frustration, they will turn their gaze to a coin that offers complete honesty and transparency. Well, at least that's what I'm banking on. And what is more honest and transparent than saying it like it is?
Given the fact that DumpCoin offers no value of any kind in products and services, the only way it can gain value is by people showing interest and attaching value to it which is the underlying principle for all the existing ICOs anyway. DumpCoin's value will derive from its honesty and philosophy. The more people show interest, the more mainstream it will be. It might even be traded by some exchanges and when it does, there is no difference at all with a multi-million dollar scam token (but still, any sane person would dump it as soon as it hits any exchange or keep it as a souvenir.)
Road Map
$5000 => Off the Streets
My dream-come-true moment. The most difficult part of my life is behind me. Forever grateful to all the contributors.
$10,000 => Self Employed
I'll set up a small company. I don't know what it'll be yet. Maybe it'll be the start of a real ICO aiming to deal with the problems of homeless people.
$20,000 => Starting a Family
I know she is waiting somewhere out there. I'll have the means and courage to find and marry her.
$50,000 => Beyond My Wildest Dreams!
If this ICO ever reaches anywhere close to this point, I'll be able to create projects to assist people in my community who are in dire need.
Crowdsale
Crowdsale started on 1st December 2017 and it will last until 9th January 2018.
You can contribute using six major cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Lite Coin, Dash and Neo.
For Token Valuation and Bonus Distribution, please check out the website.
You can contribute using six major cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, Lite Coin, Dash and Neo.
For Token Valuation and Bonus Distribution, please check out the website.
Q & A
Why are you doing this?
'cause someone has got to say it like it is. "Initial Coin Offerings" quickly turned into "Idiots Constantly Overbuying". I'm just as sick and tired of them as you are and this is me taking a stand.
On a serious note, have you even read the part about me being the crown prince of Dubai?
On a serious note, have you even read the part about me being the crown prince of Dubai?
What is DumpCoin?
DumpCoin is a standard ERC20 token, so you can hold it, transfer it, and hope that one day it will be worth something. No devs, no products, just the token.
What is the value of Dump Coin?
Currently zero. Who knows, it might get some value someday as more people adopt it. Isn't it the case for all the ICOs anyway?
Why should I buy DumpCoin?
'cause it has better chance to survive this era of crypto-mania than a ton of scam coins out there. Your investment is more solid than so many multi-million dollar tokens that make you sh*t your pants every time they take a dive.
What can I do with my DumpCoins?
Two things:
1. Hold 'em or dump 'em.
2. Wait till the ICO bubble pops and shine under the sun. Your DumpCoins will be most likely worth more than tons of popped-up tokens.
1. Hold 'em or dump 'em.
2. Wait till the ICO bubble pops and shine under the sun. Your DumpCoins will be most likely worth more than tons of popped-up tokens.
Do people really buy this nonsense?
If people are dumping their money on a lot of shitty ICOs, why not dump some money on DumpCoin and hope for the best?
Whitepaper
“Seriously dude. WTF were you thinking?”
Picture this: a guy lying on the sidewalk as people pass by without even paying the slightest attention. The guy on the sidewalk has almost given up on this world. He was full of hope at one point in his life. But the god-forsaken sidewalk and all that it represents took it all away from him. Did he not try? You bet he did as hell but to no avail. He gets by, yes. But just as you, he doesn’t just want to get by. He wants to have a fulfilling life. He is ever hopeful that someday, something will change his destiny. But he is not delusional. He doesn’t believe in chance or coincidence. He keeps an open mind and a watchful eye to spot that one opportunity to get him out!
Now, I do not claim to be that guy. I live that assertion to you. I may be that guy, or even a bigger may be a hoax. That's what this cold online world does to you. Do you choose to believe this who-knows-what-guy is telling the truth or is this yet another scam? Your guess is as good as anybody else's.
If I were that guy, I would give you the following story:
My life was going into a downward spiral. Ordinary things that you take granted for; food, shelter, clothing, job, family, are but distant dreams for me. ‘The sidewalk’ is a great monster that when it grabs you, it is very hard to free yourself.
But I didn’t give up. I know the life is so valuable, so sacred to give up on. I knew that if I watched closely, I would find that ‘one’ opportunity to get out.
Keeping an eye out, I heard about these ‘cryptocurrencies’ and ‘Initial Coin Offerings’. Being the curious guy that I am, I started looking deeper into it. I started visiting this cyber cafe nearby and spending most of the money that I would collect to surf the web to know more about these ICOs.
If there is one thing that’s good about living on the streets, it is that you get very good at identifying con men. I quickly realized that most of these ICOs were scams that would create hype among people and raise a whole lot of money by simply promoting a non-existing product or service that would never come to be. I’m no expert but being the as-honest-as-I-can-be kinda guy, I loathed these scams and pitied the people who would fund them.
Then the UET happened. Oh God! It was a beautiful moment. Useless Ethereum Token mocked the ICO hype in a superb way. I was astonished by the ingenuity of it. Then I had a moment of ‘Euroka’. Well, technically the ‘Euroka’ moment belonged to the UET creator but still, this idea of offering nothing but complete honesty gave me a purpose and filled me with pure joy. I finally had a purpose that would give me a way out.
But my joy was short-lived. ‘Cause I taught; "how hard could it possibly be to create a website like this and promote my own useless token?" Boy, was I wrong. First of all, the train left the station buddy. UET “was” the original idea and nothing could possibly get the same success as it did. The genie was out of the box. Whatever I’d do would be a cheap replica of it. Secondly, my only experience with computers was when I started going to the cyber cafe to look up this newly emerging concept. I had no experience with website creation, social media, or any of the requirements for pulling off this kinda idea. Hell, how was I supposed to create a token in the first place? Coding? Hell no! I remember thinking to myself; “man, I almost had it.” This was a great idea but none that I could pull off.
That night, the night that I gave up, I couldn’t sleep. I cursed myself for hyping myself up for this idea and then giving up just as quickly. I thought to myself, this UET guy might have done it overnight but it might take me months to do it. What do I got to lose? If anything, I’ll learn some new skills. Besides, why can’t I add something more to it that it has to be a cheap replica of UET? I got my own story to tell. The next day, I got to work. I painstakingly learned about creating a website brick by brick, getting into social media as it was the most powerful means to get the word out there, accumulating funds for social media advertising, creating the DumpCoin, and you know what? It took me 5 months to finally complete this project but hey, my self-esteem is through the roof right now. It’s single-handedly the most demanding and most important achievement of my life.
Regardless of whether this is going to be successful or not, I made it for myself more than anything else. Yes, I do offer you coins that you are most likely never gonna be able to use, but creating DumpCoin and its website helped me a great deal as it gave me a set of skills that I couldn’t even dream of and a purpose in a long time.
Let me finish by saying this; this might be the whole truth, half the truth or even a complete fiction. Believe what you will. But know this; you taking the time to read this is fulfilling enough for me. I thank you for that.