According to shwifteey, the ICO launch comes just a month and a half after they had the idea for FUCK, and the bot developer has been working on the product for just two-and-a-half weeks.

On Reddit, shwifteey described FUCK token as the new Dogecoin , a bitcoin-based altcoin that started as a meme and unexpectedly became valuable once enough people glommed onto it. But Jackson Palmer , the creator of Dogecoin and a critic of the red-hot ICO market, doesn't see the similarities.

"What really sets it apart is that the people getting involved in Dogecoin were technologists who were simply interested in how it worked, and it was voluntary, not pay-to-play," Palmer said over the phone. "But with FUCK token, the community is based totally around profit and at the end of the day putting money into the developer's pocket."

"It's peak capitalism, in my mind," Palmer continued. "People are just selling air. It's nuts."