What is FuckYouDotEth?

Introducing Ethereum’s new daily auction where you can broadcast a personal fuck you to the world, FuckYouDotEth. This Dapp is live, and available to use today.

Each day, one winning bidder gets exclusive access to publish a message of their choosing (along with a donation address) to be broadcast to the world and across our platform. ETH bids collected from the auction are paid out to FuckYouCoin (FUC) holders as dividends. In a few weeks, we will introduce FUC through an ICO, and once complete, the dividends will begin to flow. We hope to see FuckYouDotEth grow to become the frontpage FUCK YOU of the Internet.

Why FuckYouDotEth?

The current social media landscape allows anyone to very easily broadcast their thoughts and desires to a global audience, but at a terrible signal-to-noise ratio. Within all social networks, only the most popular ideas get through the cacophony of voices to touch the global consciousness. What is left, paradoxically, is even more of a burning desire in people to be heard. And in our global village, where opinions naturally clash and abrasive situations present themselves, people desire a platform to say… Fuck You.

The Fuck You Auction

Every FuckYou Auction lasts 24 hours. Bids can be made across the day in an eBay style auction system, a simple ascending-price auction. The highest bid at the end of the auction has their message broadcast to the world through the FuckYouDotEth homepage and all distrubution channels, which will include traditional social media platforms. The FuckYou Message of the Day can include a donation address where viewers can donate to the creator’s cause.

The FuckYou Coin (FUC)

FUC will be used to collect ETH dividends from the auction process. The holders of FUC benefit by receiving an equal share of all Ethereum paid into each and every Fuck You auction. There are two methods by which Ethereum is raised through the auction. First, the total sum of all winning bids are collected and used for dividends. Second, 1% of the ETH from every losing bid is also kept.

The FUC ICO will occur in roughly two weeks. The coin will be sold for 30 days or up to 10,000 ETH of coin purchases, whichever happens first. Early ICO participants will benefit from a better exchange rate, with the rate stepping from 1200 FUC/ETH to 800 FUC/ETH by the end of the timeperiod. More information about the ICO is available in the whitepaper.

Remember, that since the auctions are currently ongoing, dividend funds are currently accruing, and will be paid out to FUC coinholders at the end of the ICO. All money raised by the auction system will be distributed to FUC holders.

Future Directions

Currently, FuckYouDotEth is a simple social experiment. However, simple beginnings can beget large consequences. We see future applications of the FuckYou Platform in whistleblowing and eventually in effecting the spread of information on the Internet as a whole.

Stay tuned for more.

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