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CoinJanitor - Restoring Lost Value To Cryptocurrency

oghiePosted for Everyone to comment on, 5 years ago5 min read


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The company mission is to reduce cryptocurrency market dilution and restore lost value to the crypto economy, by providing holders, community members, and creators of failed coins a buy-out or a way to join a project that has the network effect that the projects they created or supported failed to achieve, and implementing a subsequent systematic burn of the coins bought out.

Cryptocurrency market tends to be on the increase each day. However, with this enormous advancement in the crypto economy, some coins are practically dead or of no value in the market. This is as a result of the influx of new coins in the markets. In fact, a lot of cryptocurrency exchanges platform find it difficult and perverse to list 80% of the coins available in the crypto space. Statistically, the average trading volume that takes place each day usually runs in trillions of dollars. That's unbelievable! Considering the fact that the market isn't up to a decade since inception.

Having said that, this is where CoinJanitor steps in. At the time of writing, the crypto-space accommodates over 4,500 cryptocurrencies, for this reason, some of these coins are practically dead or of less or no value at all. In fact, this is one of the problems cryptocurrency markets face as well as the holders of that particular currency. Of what value will it be when you purchase a coin that has no capacity to be traded on any of the exchange platforms. Users or holders of this 'dead" coins have probably invested in the wrong coin, leading to a huge loss for them since they can't transact, sell, or trade that particular coin.

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That's not all, cryptocurrency markets are still under this dilution, they'll also encounter reputational issues since they accommodate coins that can't be traded. CoinJanitor will solve this quandary by implementing the "coin recycle policy".

CoinJanitor will ultimately reveal the hidden values in these projects/currencies, as well as fabricating the much-needed public conversation on how to bring out life from these dead projects in the future. Since CoinJanitor is taking over all other failed projects, they'll exchange their own native token (JAN) in replacement with the dead coins that users hold. Jan will then automatically burn those dead tokens.

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CoinJanitor shouldn't just be overlooked, it should be taken into consideration ASAP. It plays a fundamental role in the crypto economy since it involves the discharging of all dead coins available in the crypto-space. However, this unique characteristic CoinJanitor possess seems to go beyond its intended goals. This is due to the fact that the project deployment of a token to unlock this hidden values, CoinJanitor's token might be the very first ERC20 token that the public will be able to mine through a proxy.


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Token

As stated in their whitepaper, CoinJanitor will ultimately be a deflationary asset together with an advancing community that will eventually skyrocket the JAN token prices and also serve its users with more comfortable terms to buy out subsequently failed projects. This will ultimately be a huge profit for the interested users that'll accept the buy out order.

However, these users will receive relatively more CoinJanitor tokens in replacement for their locked value, and as time permits, CoinJanitor will still buy out more failed projects as well as the tokens that will ultimately increase the value of its token. CoinJanitor hopes for more collaboration from other gigantic firms that'll assist with the buy out the policy of dead projects and coins that'll ultimately speed up their stated goal.

A total number of 100,000,000 JAN tokens was generated via its ICO sales. The platform will distribute these tokens among the team members:

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  • 50% of the tokens sold will be used to fund upcoming projects.
  • 30% of the coins sold will be used by CoinJanitor to buy out more dead projects and coins.
  • 10% of the coins will go directly to the founders and future employees
  • 5% will go for their partners
  • 5% for Bounty programs

Team

This unique initative consists of top influencers, crypto savvy, blockchain enthusiasts and top dignitaries. They include the following below:

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  • CEO: Marc Kenigsberg - According to Wikipedia, Mark has been into Bitcoin for over 18 years. Marc was the founders of BlockSmarter and Bitcoin Chaser. With all these experience Marc possess, its no doubt that he's one of the worlds leading ICO and cryptocurrency advisers.

  • CTO: Asaf Yosifov - Asaf is the head of innovation at Titanium Technologies. Wikipedia asserts that Asaf has 16 years of experience with software development and other leading firms which includes; telecom, education, gaming, and travel.

  • Biz Dev: Tzahi Kanza - Tzahi being the CEO of Titanium technologies, he has 17 years of experience with managing global companies. Furthermore, he's also an expert in start-up management, cryptocurrency, blockchain as well as business planning.

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In conclusion: In my opinion, CoinJanitor plays a crucial role in the crypto-space, recycling dead coins as well as unlocking their trapped value will definitely advance the crypto economy. In the coming years, they won't be any dead coin in the crypto economy with the range at which CoinJanitor is recycling these useless coins.

DISCLAIMER

I am not a financial adviser, hence this article entails researched words and forward-looking statements. I sincerely recommend my readers to do their own research.

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