Useless has just launched 24 days ago, with a unique, first-in-the-business mechanism that burns the supply faster than any other token right now.How is that possible?Let's put it this way.
So, if you're familiar with the concept, most tokens are hyper deflationary in nature.
- This means that for every transaction, a number of tokens go straight to the burn address, therefore reducing supply and increasing the token's value.
- Other tokens upgraded that concept and introduced Buyback and Burn.
- Useless took it on another level by creating "Pump and Burn."The idea is simple.
Useless token is under Useless Crypto, LLC, a legal corporate entity.
(you can say that we're state-recognized "useless" in that sense)Useless Crypto LLC is currently building an app ecosystem that is focused on making everything cryptocurrency simple to those that don't have enough technical knowledge about the project.
Example, we're building a simple and easy-to-use chart for everyone (most charts nowadays are a bit complicated and sometimes intimidating for your average guy). Also, there is a gap in the mobile app space for charts that doesn't suck.
Other parts of this ecosystem that we're evaluating includes, but not limited to:
a) whale-tracking
b) tokenomics estimation
c) project listings
d) and project auditing. Monetization will be through listings and advertising.
We have also recently rolled out our merch store.
This is where our Pump-N-Burn mechanic (which is Hyper-Hyper Deflationary in nature) goes into play
100% of the profits from Useless Crypto, LLC after taxes will be used to Pump the chart, and then Burn it (this is aside from the usual Hyper Deflationary mechanic mentioned above).
Simply put, as days, months, and years go by, the circulating supply will be greatly reduced and the value of the token greatly increasing.If you're interested in how it will work, you can read below (if not, you can skip a few paragraphs):
All earned BNB will be routed through our multi-signature wallet which you can see here: https://bscscan.com/token/0x2cd2664ce5639e46c6a3125257361e01d0213657?a=0x405dcc72bf70292cc23b80f3f01939113cf36a0c
You should be able to track all the BNB from our monetized projects moving through this wallet as it will hold all of our liquid assets.
And yes, you read that right, it is a corporate multi-signature wallet that requires 4 of 6 signatures for it to be accessed.
All 6 of those members are doxxed and have been verified. So to summarize:
1) Revolutionary PNB Mechanic
2) Doxxed Multi-Sig Wallet Members
3) Legal corporate entity
Maybe you are asking, why did we go through such great lengths for this?#1 is because we fully believe that our idea will be the future fork of all small and upcoming projects in a world of giants.
#2 is we are committed to be 100% Honest, Transparent, and Authentic.
- All of us, one way or another, have had a negative experience in crypto, whether it be scams, honeypots, rugpulls, or what have you.
This has painted a very bad image of cryptocurrency in general to the watching world. We want to show them that there are actual, authentic, honest-to-goodness projects in this space. And what other way to do that than do the 3 things mentioned above. This holds us responsible, gain a sense of confidence and credibility, and bridge the gap between those looking for a non-toxic, light-hearted, and newbie-friendly community in the crypto space. And we have exactly just that.
(And oh, I forgot to mention that our top wallet holder has locked his 40T tokens over a period of one year. Just thought I should let you know.)Well, thank you for taking the time to go through this and if you have any questions, please don't hesitate to let us know in the comments below.
P.S. You can find our website here:
https://uselesstoken.org
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