MIGS - The 100% Honest Ethereum ICO


You're going to give some random person on the internet money, and they're going to take it and go buy stuff with it. Probably electronics, to be honest. Maybe even a big-screen television.

Seriously, don't buy these tokens.


View token sale

First of its kind ICO


Let's be honest—everyone's tired of ICOs. They get hyped for weeks, and then they launch and clog up the Ethereum network for days, Exchanges go down for a while, then “investors” see the new tokens lose most of their “value”. This ICO is going to be different.

The MIGS ICO transparently offers investors no value, so there will be no expectation of gains. No gains means few investors, few investors means few transactions, and few transactions means no Ethereum network lag—not to mention no depressing facebook posts about people losing their savings!

Might be secure,
definitely not audited


I learned all about Ethereum smart contracts and Solidity over a weekend so I could launch this ICO. Most of the smart contract contract code is copied from online sources, so it should be pretty much right… right?

Also, I definitely didn't have any smart contract experts look at the contract before I launched it. I mean, why bother? All the other ICOs go through weeks of auditing and they still end up with bugs and vulnerabilities in their contracts.

Guaranteed token value


Unlike every other token sale on the market, I can guarantee here and now that the value of MIGS will not (in fact, can not) reduce during or after the ICO. Since these tokens aren't worth anything to start with, there's nowhere to go but up!

But remember—this is a completely honest ICO, which means I don't want anyone to mistakenly expect the value of the tokens to go up, either. They're called Useless Ethereum Tokens for a reason.

How to contribute

The crowdsale is

ONGOING

and will run until:

April 1st, 2018 at 23:59 GMT+8

(or until I feel like ending it)

Token contract and MIGS generator

(this is how you're going to send me my spending money)

To participate in the MIGS ICO, just send as much Ether as you want to the MIGS token/crowdsale contract. Make sure you provide enough gas for the transaction—100,000 or so ought to do it.

0xa33a1D2650ba0A81621D9dAf754B3468A1c9F244

View on Etherscan

Token distribution

The more Ether everyone contributes, the more tokens you get. #Pyramid #Ponzi

The base token distribution formula is very simple: for every 1 ETH you contribute, you'll receive 1000 MIGS, and if you contribute at least 0.01 ETH, you'll also receive an additional 10 MIGS for every Ether that's been contributed in total. Like this:

TransactionEther sentTotal Ether sentMIGS received
#11.000 ETH1.000 ETH1010 MIGS
#23.000 ETH4.000 ETH3040 MIGS
#30.005 ETH4.005 ETHMIGS
#40.500 ETH4.505 ETH545 MIGS

Bonus tokens!

Every block has a 1 in 256 chance of issuing bonus tokens.

When purchasing UET, the smart contract will take a hash of the current block's coinbase, number, and timestamp. If the first byte of the hash is 0x00, the block becomes a bonus block. During a bonus block, the smart contract counts the number of bits set in the second byte of the hash and uses that number as a bonus multiplier.

Every UET purchase of at least 0.01 ETH worth during the bonus block will receive, in addition to the base distribution, an additional 100 UET per Ether multiplied by the bonus multiplier. That means that contributors have a chance of receiving a total of nine times the number of tokens they expected!

Frequently asked questions


Wait… is this a joke? Is it a scam?

Neither! This is real—and it's 100% transparent. You're literally giving your money to someone on the internet and getting completely useless tokens in return.

There are no “whitepapers,” no “products,” and no “experts.” It's just you, me, your hard-earned Ether, and my shopping list.


Why are you doing this?

Who knows? Maybe it's because I lost money in the BTC crash. Maybe I got inspired by the guy who sold useless Ethereum tokens. Maybe I'm just way too bored and need a better hobby.


What can I do with MIGS?

MIGS is a standard ERC20 token, so you can hold it and transfer it.

Other than that… nothing. Absolutely nothing.

(Seriously, don't buy this. Why are you even still reading these?)


Will MIGS be traded on any exchanges?

I hope so. You have no idea how much I hope so.

In fact, if it does get picked up by any of the major exchanges, I promise to use some of the ICO proceeds to constantly and incessantly manipulate the market.


Will there be more chances to buy MIGS?

That's a great question! It totally depends on how the ICO performs in the beginning. If I don't make enough money to buy at least one flat-screen television, I'll probably keep the ICO open longer than initially stated.


How do I check my MIGS balance?

To show your MIGS balance in wallets which do not yet list the MIGS by default, you have to add the token as a "Custom Token" with the following settings:

Contract address: 0xa33a1D2650ba0A81621D9dAf754B3468A1c9F244
Symbol: MIGS
Decimals: 18


How do I get a refund for the tokens I bought?

You're kidding, right?