A Quick Browse of Some of the Most Ridiculous ICOs Around

A Quick Browse of Some of the Most Ridiculous ICOs Around

We reported earlier in the week on how one ICO is setting out to create the world’s first cosmic crypto-token in its plans to … sell us the moon.

As a result, ICOExaminer has compiled a small list of some of the most ludicrous ICO propositions we have come across in recent months. Hold tight. Note that, as ever, some of these projects may be legitimate, some may be scams – in either case, they are silly. 

TombCare

Proposition: an app which, it is claimed, geo-localises the world’s cemeteries. In this modern age where migrant and other displaced populations are no longer able to tend to the graves and tombstones of their loved ones, TombCare allows users to geo-locate someone who lives near the cemetery of a buried loved one to pay homage in their absence – all managed through the app’s native crypto-currency, naturally.

The “value of remote monitoring and ordering services in this area is growing,” the website states, providing some helpful pictorial representations of the sums involved in the markets it is aiming to conquer.  And all helpfully labelled “Statictics”. 

The Wine Project

Proposition: Wine served up on the blockchain because, presumably, buying some WINE crypto-tokens from the exchanges and then transferring these to your own Ethereum wallet – working from the assumption that you have one already set up – before sending some of these on to the people at the Wine Project itself, will make for a much more streamlined experience than buying wine with a credit card. If this project isn’t an argument for mass adoption, we don’t know what is.   

And if you’re worried about the commitment on display from the project team itself, rest assured that they are “a lot more than 7 persons, we can count all the people who work with us in vines and in the production center, we will upload a picture will the whole team soon.” So whilst the team appears to have difficulty in putting together well constructed sentences and solid business models, its dedication certainly can’t be called into question. 

Useless Ethereum Token

Proposition: none.

For once, we have a project – calling itself the Useless Ethereum Token – that explicitly acknowledges that its token is pointless. However, it appears that some people out there disagree, judging from the 300 ETH – $90,000 at current USD/ETH prices – that it has so far raised. “I had a feeling someone would waste their money,” the project organiser states. 

Probably the most interesting aspect of the entire proposition is its FAQ section. Check it out.