First of its kind ICO that's on the Binance Smart Chain
You're probably sick of token sales popping up all the time. ILOs, IDOs, IFOs, let's just face it, they are just rebrandings of the much maligned ICO. You buy some, and then join yet another Discord channel/Telegram group/Subreddit and praying for it to 1000x without a rugpull happening. This ICO is going to be different.
Didn't get into a private pre-sale? The project you were looking at last week is too expensive to invest in now? Worried about losing money? The UBT ICO does not discriminate! You can get participate in the ICO knowing that you will get nothing of value back. No value means no gains or expectations which means no sadness — no more refreshing price charts and shilling on social media and hoping a whale will buy in!
Not audited and no KYC done
It's crypto season all over again! So, one fine weekend I added web3 to my outdated Ethereum Smart Contract knowledge and ported it over to the Binance Smart Chain (ethereum gas fees are killer now) so I could launch this ICO. Probably 99% of the smart contract code is copied from GitHub, so everything should be alright… right?
I didn't have any “blockchain experts” audit the smart contract before I launched it nor was the KYC process done. Why bother when fully audited tokens and fully doxx-ed teams still “get hacked” and then your money is gone?
Assured token value
Unlike every other token sale happening, you are assured that the value of UBT will not reduce ever. There are no tokenomics, no inflation or deflation, no burn, no impermanent loss or whatever to worry about. Since the tokens are worth nothing to start with, they only way is up!
They're named Useless Binance Tokens, so don't make the mistake of expecting the value of the tokens to go up! It's honestly probably better to play the lottery. There are no expected listings on any exchanges ever. Maybe.
The crowdsale begins on:
April 20th, 2021 at 2:00 P.M. UTC / 10:00 A.M. EST
and will run until:
June 9th, 2021 at 2:00 P.M. UTC / 10:00 A.M. EST
(or until I feel like ending it)
To participate in the UBT ICO, just send as much BNB as you want to the UBT token/crowdsale contract or use Metamask to do so. Make sure you provide enough gas for the transaction—100,000 or so gas limit ought to do it.
Or send BNB to Contract Address
Contributions in USD
The more BNB everyone contributes, the more tokens you get.
The base token distribution formula is very simple: for every 1 BNB you contribute, you'll receive 100 UBT, and if you contribute at least 0.01 BNB, you'll also receive an additional 1 UBT for every BNB that's been contributed in total. Like this:
|Transaction||BNB sent||Total BNB sent||UBT received|
|#1||1.000 BNB||1.000 BNB||101.000 UBT|
|#2||3.000 BNB||4.000 BNB||304.000 UBT|
|#3||0.005 BNB||4.005 BNB||0.500 UBT|
|#4||0.500 BNB||4.505 BNB||54.505 UBT|
Every block has a 1 in 256 chance of issuing bonus tokens.
When purchasing UBT, the smart contract will take a hash of the current block's coinbase, number, and timestamp. If the first byte of the hash is 0x00, the block becomes a bonus block. During a bonus block, the smart contract counts the number of bits set in the second byte of the hash and uses that number as a bonus multiplier.
Every UBT purchase of at least 0.01 BNB worth during the bonus block will receive, in addition to the base distribution, an additional 100 UBT per Ether multiplied by the bonus multiplier. That means that contributors have a chance of receiving a total of nine times the number of tokens they expected!
Wait… is this a joke? Is it a scam?
Neither! This is 100% transparent and real. I told you that you're literally giving your money to a random stranger on the internet in exchange for useless tokens in return.
There are no “whitepapers,” no “products”, no “roadmaps” and no “experts”. Just you sending valuable BNB to me.
Why are you doing this?
I got inspired by someone who did the same thing during the crypto bull-run of 2017. Also, it's gonna be the 20th of April (insert 420 meme) soon and the world is still facing the COVID-19 pandemic which has led to people buying stupid and useless things. I don't know if the stars will ever align like this again.
What can I do with UBT?
UBT is a standard BEP-20 token which can be held or transferred.
It has no other utility. There are no road-maps for it. Nothing.
(Honestly, don't buy this. How are you reading this at the bottom of the page?)
Will UBT be listed on any exchanges?
I sure hope so. There are no plans but I would love to see that so I can wither in my misery and lack of foresight for not including a function that mints tokens in the smart contract. I won't be able to rip off more money from people who bought the token.
Will there be more chances to buy UBT?
Depends on how the ICO does. If I can't afford nice stuff from the ICO money, the crowdsale will probably be extended past the 9th of June (69 nice).
Here is an interactive price chart to play with instead.