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Our History
Ancient history: Useless V1 to V2
The original Useless token, which promised nothing at all, was created as a joke by an enigmatic developer known only as "OG Dev." Our old community leader, Carc, along with others, discovered it the day it launched.
Back then, Carc was a Reddit moderator along with some of us for a different project. He introduced us to Useless, but at first glance, it seemed more like a digital novelty than a serious endeavor—so at the time it didn t quite spark our interest.
After some time, it became clear that OG dev didn't really want to do anything with the project and wanted to abandon it. Not one to let an amusing meme token fade into obscurity, Carc proposed a bold move: he asked OG Dev to secure the token s liquidity pool for a full decade and hand the reigns over to the community. OG Dev agreed and, after passing the baton, disengaged from the project entirely.
Carc, being the spirited individual he is, stepped forward to help nurture the project, and that's when many of us started rallying behind him to help organize and shape this community-driven endeavor.
Back then, Carc was a Reddit moderator along with some of us for a different project. He introduced us to Useless, but at first glance, it seemed more like a digital novelty than a serious endeavor—so at the time it didn t quite spark our interest.
After some time, it became clear that OG dev didn't really want to do anything with the project and wanted to abandon it. Not one to let an amusing meme token fade into obscurity, Carc proposed a bold move: he asked OG Dev to secure the token s liquidity pool for a full decade and hand the reigns over to the community. OG Dev agreed and, after passing the baton, disengaged from the project entirely.
Carc, being the spirited individual he is, stepped forward to help nurture the project, and that's when many of us started rallying behind him to help organize and shape this community-driven endeavor.
But there was a serious problem. Approximately 2 or 3 weeks after the original contract's initiation, Carc noticed irregularities and observed that certain liquidity-related functions were not functioning properly. Further investigation revealed significant flaws in the contract that would create serious issues down the road. As the contract had been renounced, it couldn't be modified.
By this time, there were around 700 holders of the original Useless token. Instead of allowing for the project to collapse, it was collectively decided by the community to relaunch the token using a fresh contract. To make this happen, many community members chipped in to raise the needed funds. And thus was born Useless V2, igniting what many of us now see as a true grassroots project.
Right off the bat, the project wore its heart on its sleeve as a meme token, embracing its unique identity by unapologetically vowing: NO PROMISES AT ALL.
V2 to V3
As time progressed and Useless evolved with greater seriousness and ambition, we began to develop utility products and made the strategic decision to expand cross-chain. Prior to updating our contracts, we refreshed our slogan to: “The only thing useless here is our name!”
On the contract front, the desired upgrades meant that the Useless ecosystem and token would be exposed to cryptocurrency enthusiasts across multiple blockchains, not just the Binance Smart Chain (BSC). This update also allowed us to implement essential improvements to the token contracts and modify our existing taxation structure. We executed a 1,000,000:1 consolidation, trimming six zeros from the price for clarity, and pivoted from reflections to stable coin rewards.
In March 2022, our new contracts underwent an audit by Dessert Finance. The migration was seamless. We temporarily halted trading on Useless V2, and our holders were seamlessly airdropped Useless V3 on their preferred chain, be it BSC or Harmony ONE.
Building Decentralized Utility
Utility was established for the Useless token with the concept of Eclipse, a decentralized ranking system for tokens to gain exposure via popularity. Voting is done with tokens, and the first version of Eclipse was developed for the All For One crypto trading app. Since then, Eclipse has been developed into a widget that can be included on websites and in other applications, adding to more global decentralized visibility for participating projects.
Modern history: UselessCrypto LLC to The Useless DAO
It was late March 2022 when Carc first started talking about possibly changing up the leadership structure of the UselessCrypto LLC company. Back then it was purely for ideological reasons. After all, a DAO is a truly decentralized way of governing an organization. In the meantime Useless kept building products such the AllForOne-app (AFO). In July 2022, To make sure SEC-regulations concerning the AllForOne-app would be met in the USA it was decided: AllForOne and UselessCrypto were to be separated and UselessCrypto LLC was to become The UselessCrypto DAO!
Carc appointed ADC as the first DAO president and together they got to work to appoint the first committee members. The first committee's foremost task would be to create the framework for the DAO to operate. On September 1st 2022 the first committee was a reality: President: ADC, Secretary: Talden, Treasurer: Nicholas, Committee members: GreetingsFromMichigan, Harry Backman, 5X and Ed. The old Useless LLC Core team functioned as a board of advisors.
The First committee successfully set up the framework for everything DAO in the first 6 month term, after the first term Nicholas left the committee and it was decided to change up the committee structure a little bit. We got rid of the treasurer and secretary positions, ADC became a regular committee member, Talden became president and ReedOne was voted in to fill the vacant spot as a committee member. All other Committee members ran for re-election and got re-elected for the first one year term.
Today: The Useless DAO to The Eclipse DAO
6 months into the one year term both 5X and ADC decided it was time for them to step away from the committee and make space for members with some much needed skills. On the 1st of July 2023 Manuel and Jackie stepped up and the community voted them into the committee, in large part thanks to their past history working on the Marketing of previous versions of Useless.
On March 11, 2023 The DAO committee proposed to relaunch the token on Ethereum under the name Eclipse. The aim of the rebrand is to better align our branding with our decentralized marketing app. As our current native chain Harmony has experienced some… “problematic developments”... The committee suggested using a different solution for multichain bridging. You (the community) agreed and with a whopping 100% approval rate on the vote the rebranding has since begun.
That's it, this is where we stand now. Come talk to us in our home on Discord (insert hyperlink here) or shoot us a message on Twitter (insert hyperlink here) if you want to learn more!
By this time, there were around 700 holders of the original Useless token. Instead of allowing for the project to collapse, it was collectively decided by the community to relaunch the token using a fresh contract. To make this happen, many community members chipped in to raise the needed funds. And thus was born Useless V2, igniting what many of us now see as a true grassroots project.
Right off the bat, the project wore its heart on its sleeve as a meme token, embracing its unique identity by unapologetically vowing: NO PROMISES AT ALL.
V2 to V3
As time progressed and Useless evolved with greater seriousness and ambition, we began to develop utility products and made the strategic decision to expand cross-chain. Prior to updating our contracts, we refreshed our slogan to: “The only thing useless here is our name!”
On the contract front, the desired upgrades meant that the Useless ecosystem and token would be exposed to cryptocurrency enthusiasts across multiple blockchains, not just the Binance Smart Chain (BSC). This update also allowed us to implement essential improvements to the token contracts and modify our existing taxation structure. We executed a 1,000,000:1 consolidation, trimming six zeros from the price for clarity, and pivoted from reflections to stable coin rewards.
In March 2022, our new contracts underwent an audit by Dessert Finance. The migration was seamless. We temporarily halted trading on Useless V2, and our holders were seamlessly airdropped Useless V3 on their preferred chain, be it BSC or Harmony ONE.
Building Decentralized Utility
Utility was established for the Useless token with the concept of Eclipse, a decentralized ranking system for tokens to gain exposure via popularity. Voting is done with tokens, and the first version of Eclipse was developed for the All For One crypto trading app. Since then, Eclipse has been developed into a widget that can be included on websites and in other applications, adding to more global decentralized visibility for participating projects.
Modern history: UselessCrypto LLC to The Useless DAO
It was late March 2022 when Carc first started talking about possibly changing up the leadership structure of the UselessCrypto LLC company. Back then it was purely for ideological reasons. After all, a DAO is a truly decentralized way of governing an organization. In the meantime Useless kept building products such the AllForOne-app (AFO). In July 2022, To make sure SEC-regulations concerning the AllForOne-app would be met in the USA it was decided: AllForOne and UselessCrypto were to be separated and UselessCrypto LLC was to become The UselessCrypto DAO!
Carc appointed ADC as the first DAO president and together they got to work to appoint the first committee members. The first committee's foremost task would be to create the framework for the DAO to operate. On September 1st 2022 the first committee was a reality: President: ADC, Secretary: Talden, Treasurer: Nicholas, Committee members: GreetingsFromMichigan, Harry Backman, 5X and Ed. The old Useless LLC Core team functioned as a board of advisors.
The First committee successfully set up the framework for everything DAO in the first 6 month term, after the first term Nicholas left the committee and it was decided to change up the committee structure a little bit. We got rid of the treasurer and secretary positions, ADC became a regular committee member, Talden became president and ReedOne was voted in to fill the vacant spot as a committee member. All other Committee members ran for re-election and got re-elected for the first one year term.
Today: The Useless DAO to The Eclipse DAO
6 months into the one year term both 5X and ADC decided it was time for them to step away from the committee and make space for members with some much needed skills. On the 1st of July 2023 Manuel and Jackie stepped up and the community voted them into the committee, in large part thanks to their past history working on the Marketing of previous versions of Useless.
On March 11, 2023 The DAO committee proposed to relaunch the token on Ethereum under the name Eclipse. The aim of the rebrand is to better align our branding with our decentralized marketing app. As our current native chain Harmony has experienced some… “problematic developments”... The committee suggested using a different solution for multichain bridging. You (the community) agreed and with a whopping 100% approval rate on the vote the rebranding has since begun.
That's it, this is where we stand now. Come talk to us in our home on Discord (insert hyperlink here) or shoot us a message on Twitter (insert hyperlink here) if you want to learn more!
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Eclipse is a multi-chain cryptocurrency token redefining utility for web3. Eclipse powers a decentralized, web3 token ranking and advertising system. Run by a DAO and focused on utility, Eclipse is partnered with the All For One crypto wallet and trading app, which utilizes the Decentralized Exchange Network (DEN) owned by Eclipse to allow seamless in-app trading of thousands of cryptocurrency tokens.
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