Useless Ethereum Token ICO on the 4th of July
No, this is not a joke! Maybe it is on these 100 ICOs happening each month. But this is a real token! It's called Useless Ethereum Token and it's a standard ERC20 token that has been made using ethereum smart contracts.
And this token has it's ICO on the 4th of July.
The creator of this token is almost being satirical in his/her honesty about creating value out of thin air by cut-copy-paste coding over a weekend. It also gives a perspective on how easy it has become for a person with some technical ability to create these tokens.
So the advice is: Watch your step if you are entering the crypto world.
Beautiful trolling.