Some people think cryptocurrency is useless—some people think it’s a meme currency, a breeding ground for scammers, and a space for pump-and-dump schemes.
That’s how Useless Crypto came about. But though the $USELESS coin was started as a meme, David Wyly saw real potential. Along with a fully-doxxed team of six, Wyly relaunched the coin, severed ties with the old dev, and fixed a liquidity issue under the old contract.
Now, Wyly has left his role as a Reddit community manager for SafeMoon, along with his full-time job, to work on Useless Crypto full-time. The goal of Useless Crypto is to get more people into cryptocurrency, he says, while remaining as decentralized as possible. That is coming in the form of Useless Crypto token, $USELESS, and an app that will connect to numerous cryptocurrency exchanges.
“What we’re trying to do with our all-for-one Useless app is make it easy for people like your grandmother, or your aunt, or your parent, or whatever, to get into crypto, and to kind of bash down a lot of those barriers, and do it in a way that is fully decentralized, or as decentralized as possible,” he says. “Even though Coinbase or Binance may provide some of that accessibility, it’s all very centralized, and so this is all in the spirit of decentralization, that we’re trying to do this in.”
$USELESS is currently worth $0.0000000063 per token as of writing, with a circulating supply of roughly 708 trillion. The token’s symbol will change from…
