Like this video

CoinJanitor

Join The Janitor

With more than 4,500 cryptocurrencies in circulation, there are bound to be many that are functionally dead. This presents many challenges for cryptocurrency markets, as well as for the users of those currencies. Those users have their money locked in a network that doesn’t allow them to transact, or a currency that is not tradeable. Cryptocurrency markets on the other hand, suffer from dilution of resources and reputational issues due to the sheer number of unusable coins. CoinJanitor aims to solve these problems by unlocking trapped value in these projects and at the same time create the much-needed public discussion of how best to recycle value from failed projects in the future. CoinJanitor will achieve this by taking over failed projects. To do this we will exchange CoinJanitor tokens (JAN) for the delisted coins that users hold. We will then proceed to burn those tokens and coins that we acquire.

4.2
12 11 expert ratings
Benchy 3.0
Experts
4.4
5.0
4.3
View rating distribution
~$2,500,000
value of tokens sold in ICO
Ended
Token
JAN
Price in ICO
0.1600 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA
ICO start
1st May 2018
ICO end
31st May 2018
More on ICO
Report

About CoinJanitor

With more than 4,500 cryptocurrencies in circulation, there are bound to be many that are functionally dead. This presents many challenges for cryptocurrency markets, as well as for the users of those currencies. Those users have their money locked in a network that doesn’t allow them to transact, or a currency that is not tradeable. Cryptocurrency markets on the other hand, suffer from dilution of resources and reputational issues due to the sheer number of unusable coins. CoinJanitor aims to solve these problems by unlocking trapped value in these projects and at the same time create the much-needed public discussion of how best to recycle value from failed projects in the future. CoinJanitor will achieve this by taking over failed projects. To do this we will exchange CoinJanitor tokens (JAN) for the delisted coins that users hold. We will then proceed to burn those tokens and coins that we acquire. Through this mechanism, value will be restored to individual users who can sell or trade their CoinJanitor tokens, and to the community at large by the recycling of codebases and project assets back into the community. By reducing resource dilution in the market CoinJanitor will contribute to the network effect of functional coins, more effectively leverage fragmented communities and implement a mechanism for the recycling of spent resources back into future projects. As a result, CoinJanitor will also benefit from network effect and create a highly engaged, loyal community of coin holders working towards the improvement of utility and value in the crypto economy.

Bookmark
ICO KYC Report
2 members invited
Marc Kenigsberg
Passed
Asaf Yosifov
Passed
Missing or incorrect data? Let us know.

ICOs that might interest you

Humancoin

Humancoin is the new massive cryptocurrency fuelled by the Proof of Charity mining prot...

23 days 19 hours left

Teambrella

Teambrella is a peer-to-peer alternative to insurance. Teambrella platform is already l...

Starts in 19 hours

AVINOC

The Blockchain Solution disrupting the global Aviation Business.

9 days 19 hours left

Cryptassist

The all in one crypto solution.

19 days 19 hours left
Please join our Telegram channel Please join our Telegram channel

Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Learn more Got it