PRESS RELEASE. $USELESS experienced all-time highs on July 12th, 2021 amidst a big day of outside attention as well as getting listed by both CoinMarketCap (CMC) and CoinGecko (CG). David Wyly, Useless Executive Officer of Useless Crypto, LLC, appeared on Blockcast.cc to answer questions regarding the corporate entity behind the new token. Additionally, $USELESS was featured in an article on vice.com.
$USELESS launched in mid June 2021 as a meme coin, and quickly grew into a more serious community-led project based around the corporate entity known as Useless Crypto, LLC. David Wyly, also known in the crypto community as Carc or False Flag, is leading the burgeoning team of 23 core members from across the world, including developers, advertisers, and designers.
Rather than basing the value of the token on speculation, Wyly and his team have implemented a crypto-equity strategy they call “Pump-N-Burn”. The idea is that all revenue generated from the company’s mobile apps, dApps, and other future ventures is injected into $USELESS, either by token buyback or liquidity injection. This innovative approach rewards tokenholders in a similar way to how shareholders are rewarded through dividends.
In the Blockcast interview, Wyly describes his vision for the startup to generate revenue from a mobile app ecosystem, and a Distributed Application (dApp) for bypassing tokenomics.
$USELESS continues to gain traction with more than 2500 holders since launching in mid June 2021, and was listed on both CMC and CG yesterday. Doxxed members of the corporate entity controlling the Multi-Signature wallet can be found on the token’s website, uselesscrypto.com.
Director of Public Relations, Useless Crypto, LLC