[slyfocks]

In some cases, they actually contribute a novel feature (e.g. Monero adding features that enhance privacy).

In most cases (all but a handful), they add nothing.

It’s a money grab—so much so, that a somewhat self-aware crypto enthusiast created a parody coin, Useless Ethereum Token, whose sole feature was that it had none. It raised $40k in 3 days and was, at its peak, worth $160k, which is a pretty lofty valuation for a joke.

[corford]

See also the Fuck Token (http://www.fucktoken.io), which raised over $30K in 30 minutes :)

[bhaak]

Hey, FUCK at least has a real use case.

Making it possible to give a fuck or give no fuck digitally.

That's what the world has waited for!

/shill mode off

[Semaphor]

I tend to say I can't give a FUCK because I don't have any FUCK left to give. So just by existing they already enriched my life, a truly glorious token.

[padobson]

This is surely the funniest thing I'm going to see today. I'm going back to bed.

[woah]

That's not quite true. A lot of these ICOs at least claim to be trying to add some kind of unique features. A lot of them are "utility tokens" which are supposed to be used to pay for the services of a decentralized network. I agree that most of them are garbage, but this isn't like the crapcoins of a few years ago when they were literally just forks of bitcoin with tweaked constants.