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Congrats to them for front-paging this ;)

I've heard some people say that most ICOs wouldn't stand a chance at getting VC funding. So, investors of HN, what say you of this one?

To me, the first question is why does this need its own token rather than just using Ether? I can maybe see appcoins making sense for something like Status (mobile messenger platform trying to be the crypto WeChat), but this seems too small even if it's a success to merit a separate token.

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Because if they didn't make a useless token, they couldn't sell the useless token

I don't think anyone is going to buy their useless token, in this case.

There ia a token named "useless ethereum token" which is created as a joke. And people are buying it. I think they habe sold at least 5 grands worth of it.

i wonder how expensive is it to frontpage something on HN.

Free, probably. It doesn't take much. I imagine this gets flagkilled pretty soon. (And just to be clear, my wink above is just b/c I thought it was kind of funny, not b/c I have anything to do with it)

Well they allocated 780,000 for marketing so clearly it's a lot more expensive than any of us could have imagined.

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