Article Summary, Automatically Generated By AI
About Useless (V3)
Key Points
- USE is the token behind the AllForOne mobile app and ECLIPSE decentralized ranking system.
- USE is a utility token used for tracking project ranks and unlocking premium features in the AllForOne app.
- The AllForOne app features crypto charting, wallet creation, and decentralized ranking system.
- USE has a deflationary tokenomics with a 3% token tax, and a total supply of approximately 707 million tokens.
- The token is available on decentralized exchanges, including PancakeSwap, Hermes, FoxSwap, and BitMart.
Numbers and Figures
- 707 million
About Useless (V3): Unveiling the Future of Decentralized Innovation
Introducing Useless (USE): A Comprehensive Overview
The sole misnomer about Useless is, in fact, its name.
At the heart of the AllForOne mobile app and ECLIPSE decentralized ranking system lies the USE token, which boasts a parent contract on the Harmony (ONE) network and has been seamlessly bridged into both the Binance Smart Chain (BSC) and Ethereum (ETH) ecosystems.
As outlined in the project’s whitepaper, its overarching mission is to “reclaim individual finance and digital ownership” by democratizing access to the crypto space. This ambitious goal is set to be achieved through its flagship product, the AllForOne mobile app, which provides users with seamless access to a vast array of decentralized liquidity pairings, numbering in the tens of thousands.
USE is a utility token designed to facilitate a multitude of purposes, including:
- Monitoring project rankings within the ECLIPSE decentralized ranking ecosystem.
- Unleashing premium functionalities in the AllForOne crypto charting and wallet application.
The AllForOne mobile application is presently in open beta, boasting an array of features, including:
- Sophisticated crypto chart analysis, featuring candlestick patterns.
- Real-time crypto market data and recent transaction tracking.
- Intuitive crypto search functionality, complete with favoriting and organizational tools.
- A curated, tagged news feed focused on the crypto space.
- In-depth whale-watching capabilities for insightful market analysis.
- Secure, non-custodial creation and importation of EVM multi-chain wallets.
- Hierarchical deterministic sub-wallet architecture for enhanced organization.
- Comprehensive support for multiple cryptocurrencies.
- The ECLIPSE decentralized ranking system for community-driven insights.
- Seamless in-app Web3 transaction processing.
Notable roadmap highlights also encompass:
- Seamless integration with the Decentralized Exchange Network (DEN) for enhanced trading capabilities.
- Effortless fiat on-ramping for a streamlined user experience.
- Comprehensive portfolio management tools for informed investment decisions.
- Multi-language support to cater to a diverse global user base.
- Intuitive staking and farming interactions for maximizing yields.
Unveiling the Tokenomics of Useless (USE)
USE is a deflationary token, initially launched with a circulating supply of approximately 707 million tokens. Notably, when USE tokens are burned, they are entirely removed from circulation, eliminating the need for a burn wallet.
USE is subject to a static 3% token tax on all transactions, including buys, sells, and transfers, within the Harmony (ONE) network. This tax is allocated in a tripartite manner: one-third is dedicated to token marketing initiatives, one-third is reserved for on-chain rewards, and the remaining one-third is channeled to the decentralized Furnace protocol. Depending on the liquidity landscape, the Furnace dynamically adjusts its strategy, opting to pair liquidity, execute buybacks, and/or burn tokens, thereby rendering USE the pioneering token to boast a decentralized, self-stabilizing protocol for managing its liquidity pool.
Notably, USE tokens bridged to other networks are denoted by the symbol 1USE and are exempt from taxation, with a 0% tax rate.
The Visionaries Behind Useless (USE): Founders’ Profile
Initially conceived as a meme token, USE underwent a remarkable transformation, thanks to the collective efforts of its community, which breathed new life into the project. Repurposed to serve as a decentralized ranking platform, USE found a new sense of purpose. At the helm of this community-driven endeavor stood David Wyly, who was elected as the community leader. Under his guidance, Useless Crypto, LLC was established to oversee the global project, ensuring the prudent management of multi-signature cryptoassets.
As the project evolved, a diverse global community of over 60 volunteer staff and moderators coalesced, forming a robust network of dedicated individuals.
The six directors of Useless Crypto, LLC serve as multi-signature safe keyholders,
where a minimum of four out of six signatures are mandated to authorize a transaction. Notably:
- David Wyly, a seasoned professional with 15 years of experience in Software Engineering and Engineering Management.
- Lance Badger, a veteran of 15 years in DevOps Engineering and Systems Architecture, bringing a wealth of expertise to the table.
- Amir Arafat, a seasoned expert with 12 years of experience in UI Engineering and Mobile App Architecture, with a proven track record of delivering innovative solutions.
- Jackie Dutton, a creative force with 6 years of experience in Content Creation and Television, bringing a unique perspective to the team.
- Joseph Andrews, a multifaceted professional with 7 years of experience in Software Engineering and Product Management, offering a unique blend of technical and business acumen.
- Stefan Alexandrov, an economist with 5 years of experience in Macroeconomic Research and Finance, providing valuable insights and expertise.
Where to Acquire Useless (USE) Tokens?
Acquiring USE is a seamless process, conveniently available on the AllForOne App, courtesy of Useless Crypto.
USE is now accessible for trading on an expanding array of decentralized exchanges, boasting pairings on prominent platforms such as PancakeSwap on Binance Smart Chain (BSC) and Hermes and FoxSwap on Harmony (ONE).
In addition to the aforementioned platforms, the token is also accessible on BitMart.