what's Useless Ethereum Token?

Useless Ethereum Token (UET) is a satirical ERC20 token launched on Ethereum in 2017 as a parody of the ICO boom. Marketed as the "world's first 100% honest Ethereum ICO," its website explicitly stated it provided no utility or value, with contributors' ETH intended for the creator's personal purchases like flat-screen televisions. Despite this transparency—or perhaps because of it—the project raised significant ETH during its crowdsale, highlighting the speculative fervor of the era. The token follows standard ERC20 mechanics, featuring a fixed supply and basic transfer functions, but includes no additional features, governance, or yield mechanisms, true to its "useless" branding. It was listed on exchanges like HitBTC and remains tradeable on DEXs like Uniswap, though with negligible liquidity today. UET serves as a cultural artifact critiquing hype-driven investments in cryptocurrency.