Useless Coin (USELESS) is a meme-inspired cryptocurrency that embraces the idea of “uselessness” in a satirical way, while building a unique and functional decentralised finance (DeFi) ecosystem. Despite its humorous branding, USELESS integrates real economic mechanisms such as buybacks, token burns, and automated liquidity management to support its value and utility. The project aims to provide a transparent, community-driven platform for DeFi engagement, speculative trading, and decentralised access to a wide range of assets.
Useless Coin operates on smart contracts, primarily using the Binance Smart Chain (BSC) and Solana blockchains. It leverages the underlying consensus mechanisms of these networks—Proof of Staked Authority (PoSA) for BSC and Proof of Stake (PoS) for Solana.
The heart of its functionality lies in a smart contract system called the Furnace, which automatically manages token buybacks, burns, and liquidity adjustments. This mechanism helps stabilise the liquidity pool without requiring an external peg. By generating external revenue, the ecosystem supports the token’s value and decreases supply over time, contributing to token scarcity and market resilience.
Useless Coin was created by Useless Crypto, LLC, a U.S.-based blockchain startup focused on making crypto investing more accessible, secure, and transparent. The project launched with the aim of satirising speculative trends in crypto, while offering real DeFi utility.
Key milestones include:
Over time, Useless Coin has evolved from a meme-based concept into a dynamic DeFi platform, with ongoing development, cross-chain functionality, and an active community that continues to drive interest and adoption.