# Useless Coin (USELESS): D-Score 51/100 — Moderately Decentralized

**BlockIndex D-Score: 51/100 (Moderately Decentralized).** Useless Coin (USELESS) is a Layer 2 cryptocurrency using N/A consensus. Useless Coin: Solana-based meme token launched via LetsBONK.fun with near-max circulation and social-driven market momentum.

_Source: https://blockindex.ai/coin/useless · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 51 |
| Node distribution | 0 |
| Initial distribution | 25 |
| Governance | 16 |
| Age and history | 5 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 2
- Consensus: N/A (N/A)
- Launch: Other (2025)
- Founder: @Solporttom
- VC funded: No
- Max supply: 1,000,000,000
- Circulating: 999,084,951 (99.9%)

## Market data (as of 2026-06-19)
- Price: $0.07
- Market cap: $67.5M
- 24h volume: $12.42M
- 24h change: -11.48% · 7d change: +8.40%

## About
Useless Coin (USELESS) is an intentionally satirical memecoin that launched in early May 2025 on the Solana blockchain via the LetsBONK.fun platform. Conceived and popularized within Solana community circles, the token’s identity is deliberately framed around a tongue-in-cheek rejection of conventional protocol utility: it does not offer staking, on-chain governance, or a developer-run revenue model. Instead, its value proposition has been entirely social and market-driven, built on community memes, influencer amplification, and rapid exchange listings. Early traction came from prominent Solana community members and platform contributors who amplified its launch, and traditional crypto press and analytics platforms quickly picked up the price action and social narrative.

Technically, USELESS is an SPL token living on Solana, which imparts the project with Solana’s performance characteristics and offloads network-level concerns (consensus, block history, node operations) to the underlying L1. As a token rather than a standalone blockchain, USELESS carries no independent consensus mechanism, block production schedule, or native staking primitives. The provided sources do not include a public code repository, a license, or protocol-level technical documentation, and there is no evidence of custom smart-contract logic beyond the mint address and standard SPL behaviour. The architecture therefore places the project largely in the category of a social/market instrument rather than a protocol with on-chain feature sets.

In practice, USELESS’s ecosystem has been driven by market listing and social visibility rather than engineered utility. It was listed and tracked across major price and analytics aggregators (CoinMarketCap, CoinGecko and related DEX-mode listings) and gained press coverage from crypto outlets. Liquidity and trading have predominantly taken place on Solana-native DEX infrastructure (e.g., Jupiter) while a set of centralized exchanges and trading venues provided broader access. The token’s supply economics are simple and hyper-accessible: a 1,000,000,000 max supply with nearly the entire supply reported as circulating shortly after launch. This near-complete circulation has meant that price discovery is purely a function of market demand and liquidity rather than long-term staking unlocks or developer-controlled issuance.

Tokenomics are straightforward: a 1B max supply with a reported circulating supply of ~999.09M USELESS (c. 99.909% of the max). The sources do not document any premine detailed allocations, vesting schedules, or developer funds, and no pre-sale or public-initial-percentage (PIP) lines were provided. Market milestones have dominated the narrative: an all-time low shortly after launch, rapid rallies through mid-2025 that drove market-cap milestones, and a notable all-time high in October 2025. Trading volumes and headline coverage have been the primary drivers of valuation dynamics. There is no documented on-chain treasury or formal governance mechanism; decision-making is community-driven via social channels and ecosystem listings rather than token-holder governance proposals or smart-contract voting.

Governance and organizational structure remain informal. The project’s public materials do not present a registered company, foundation, or named executive leadership; there is no CEO identified and no on-chain DAO governance mechanism described in the available sources. Development roadmap details are absent; the project appears to prioritize social momentum, exchange access, and liquidity events rather than planned protocol upgrades. From a risk perspective, USELESS is best understood as a high-volatility speculative asset with market-driven risk factors: price concentration via large holders, rapid sentiment shifts influenced by press coverage and social virality, and minimal on-chain governance or developer commitments to mitigate counterparty or protocol risk.

## Links
- Website: https://coinmarketcap.com/currencies/theuselesscoin/
- Whitepaper: N/A
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore