Useless Coin (USELESS) Price

What Is Useless Coin (USELESS) and How Does It Work?

Useless Coin (USELESS) is a Solana-based memecoin. Marketed with the tagline “zero utility, zero purpose, 100% vibes,” it embraces its identity as a satirical project with no promised functionality or roadmap. Despite its playful branding, Useless Coin has gained traction in the crypto community for its unique approach to tokenomics and a self-sustaining economic model. It boasts a max supply of approximately 1 billion tokens and has seen significant trading activity since its launch.

At the heart of Useless Coin’s design is a mechanism called “The Furnace.” This smart contract utilizes external revenue streams to automate buybacks, burns, and liquidity adjustments. By purchasing USELESS tokens from the open market and burning them, The Furnace helps reduce circulating supply and support price stability. This system gives USELESS a built-in value reinforcement mechanism, setting it apart from many meme coins that rely purely on hype. While the project maintains its meme status by offering no traditional use cases, it appeals to traders looking for a fun yet innovative experiment in tokenomics.

When Was Useless Coin Launched?

Useless Coin (USELESS) was launched in early May 2025 as part of a fair-launch on the Solana-based meme launchpad LetsBONK.fun, with zero pre-sale or private allocations and immediate integration into a Raydium liquidity pool, the mint authority was renounced at genesis to ensure a fixed, non-inflationary supply.

Its initial hype was fueled by notable Solana community figures such as @theunipcs (Bonkguy) and @Solporttom, who helped drive early market activity. Within days of launch, USELESS reached a market cap above $26 million, trading at approximately $0.026–$0.034 per token. First trading activity was recorded on May 10, 2025 on platforms like Meteora (dlmm).

What Are the Main Use Cases of USELESS Token?

Here are some of the key uses for USELESS token:

1. Speculative & Trading Vehicle: Primarily used for price speculation. Traders buy low, sell high, and take advantage of its sharp volatility across platforms like BingX.

2. Payment & Transfers: Supports peer-to-peer transfers, enabling users to send USELESS to friends, donate to causes, or use it in promotional giveaways.

3. Meme & Community Engagement: Acts as a “brandcoin,” fueling community-driven engagement, social media hype, political trends, or charity-like campaigns, memecoins can even serve as Trojan horses for more meaningful actions.

You can trade USELESS on the BingX spot market by first depositing funds, then navigating to the Spot tab, searching for the USELESS trading pair (e.g., USELESS/USDT), and placing a buy or sell order. This allows instant execution against live orderbook liquidity at low fees and with strong market depth on BingX

What is Useless Coin Tokenomics?

Useless Coin has a fixed supply of 1 billion USELESS tokens.

Transaction Fee: 8% on all buys, sells, and transfers.

• 4% redistributed to holders and the burn wallet, creating a deflationary effect

• 4% added to liquidity pools, reinforcing price support and depth

A smart contract ("The Furnace") may use external revenue to buy back and burn tokens, further reducing supply and reinforcing a price floor (mechanism similar to other hyper-deflationary tokens). Holders passively accumulate through reflective rewards and liquidity-driven stability, while community liquidity mining pools (e.g. SOL–USELESS on Raydium) allow users to earn swap fees.

What Blockchain Network Does Useless Coin Operate on?

Useless Coin (USELESS) is built on the Solana blockchain, operating as a high‑throughput, low‑fee meme token that pays homage to the vibrant and playful spirit of the Solana ecosystem. It launched in early May 2025 via the Solana‑based platform LetsBONK.fun and taps directly into Solana’s decentralized exchanges like Raydium for swapping and liquidity provisioning. With a fixed maximum supply of ~1 billion tokens and contract authority renounced at launch, USELESS exemplifies a fully decentralized token executing on Solana’s fast, secure infrastructure.

Which Wallets Support USELESS Tokens?

You can store and manage USELESS tokens directly on BingX by depositing them into your spot wallet. From there, you can seamlessly trade, transfer, or hold, with full support for spot trading pairs and secure custody under BingX’s compliance framework.

For personal wallets, USELESS is compatible with a wide range of Solana-compatible wallets, including universally popular options such as Phantom, Trust Wallet, Solflare, TokenPocket, Assure Wallet, Coin98, SimpleHold, and Wirex. To manage USELESS on these wallets, users simply connect their wallet to a Solana-based DEX like Raydium, paste the token’s contract address if needed, to swap SOL for USELESS. This gives users full private custody, lower fees, and a direct link to the Solana ecosystem.

Is Useless Coin (USELESS) a Good Investment?

Useless Coin (USELESS) can appeal to speculative investors because of its strong community backing and unique deflationary mechanics. The token’s fixed supply of 1 billion, coupled with its buyback-and-burn system called “The Furnace,” creates constant supply pressure that could support price appreciation over time. As a Solana-based meme token, it benefits from Solana’s low fees and fast transaction speeds, making it easier for retail traders to buy, sell, and engage with liquidity pools.

Additionally, USELESS has established itself as a “pure meme” project with no roadmap or utility, which ironically resonates with crypto audiences seeking transparency and humor in a market often crowded with overpromises. Its vibrant social media presence, fair launch on LetsBONK.fun, and consistent high trading volumes suggest an active, engaged community, an important factor in the success of meme coins. However, as with all meme tokens, investing in USELESS carries significant volatility and risk, and potential investors should conduct thorough research before buying.