Quote from: OurManInHavana on April 25, 2023, 01:39:57 AM

A small Cloud Mining page that spun off from a Canadian VPS provider is making their own ERC20 token: CCT

As an update, they have started to hand out their CCT token rewards to customers that had already purchased their old cloud mining packages. It exists only in their web UI: can't withdraw it, can't swap it, can't sell it, can't use it to pay for any of their services. But you can stake it for 1-year terms. And they say you'll be able to swap it, eventually, for BTC or USDC in their exchange...

...but they don't have an exchange. Yet. Or an ETA for it.

So you guys were right: it is a valid ERC20 token, but they own the entire supply, and it sounds like they don't have plans to allow you to even withdraw it to your own wallet. There's no market force that could give it value.