[ANN] COINJANITOR [ICO] DO DEAD COINS GO TO HEAVEN? OR DO THEY GO TO THE JANITOR

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[center]BASIC PROJECT INFORMATION

- CoinJanitor is a community-driven project that aims to unlock value trapped in failed coins.

- With more than 4,500 cryptocurrencies in circulation, and only about 1,500 available on major exchanges, there are thousands of coins that are holding value up in a way that cannot be transferred into the markets.

- Many of these projects have failed to achieve their goals or have failed to achieve the network effect they needed to thrive. CoinJanitor will offer users, creators and community members who have trapped value in those projects, a way to transfer their value out of those blockchains.

ICO START DATE: 1 May 2018 - 31 May 2018.

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LINKS:

Website: https://www.coinjanitor.io
Telegram: https://t.me/CoinJanitor
Whitepaper: https://www.coinjanitor.io/wp-content/u ... r-v4.5.pdf
Onepager: https://www.coinjanitor.io/wp-content/u ... ght-v3.pdf
Twitter: https://twitter.com/CoinJanitor
Facebook: https://m.facebook.com/CoinJanitor-201490483964845/
Youtube: https://www.youtube.com/channel/UCXkaiV ... 5DomxoZvGA


OVERVIEW

When a coin is launched, its creators and community work diligently to make it succeed. They seek to differentiate their coin to find a niche in the market, gather the greatest network they can behind them and implement the concept that makes them unique. Nevertheless, creators and communities fail to achieve their goal often. After trying for a period of time, those coins fail to get traction and their users, communities and creators are left holding coins that can't be used to purchase goods or services, and in many cases, coins that they simply cannot transact with at all because their blockchains have been abandoned.

Despite the failure of the coin, the code behind it, all the data that is related to it, its marketing assets, and more importantly, its community, still hold value. Until now, we have relegated that value to oblivion, discarding those coins, labeling them dead because they cannot be traded and their prices are negligible. But what if we could find a way to rescue the value in them and put all those communities together under a single coin? Maybe then we would be able to achieve the network effect that each of those coins failed to achieve individually, allowing the markets to enjoy the value behind their assets. That is what CoinJanitor aims to do through the amalgamation of these communities and the use of their assets. Here is how we will achieve our goal:
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Trapped Value?

We speak about trapped value in failed coins because people have invested time, money, computing power and other resources in these projects. That investment did not achieve the desired goals, but it still created a community that was united in its pursuit of a specific goal. Failure to achieve that goal does not eliminate the value in the project, although it diminishes it. When a project’s value is diminished beyond a certain point, the invisible hand of the market relegates the whole project to oblivion. As demand for those currencies drops, so does their price and the ability of their users to exchange them for more valuable coins at any exchange rate. This process effectively pushes both users and value out of the markets, trapping the value they have created in such a way that it cannot be transferred back into the markets.


How can CoinJanitor unlock and transfer that value back into the markets?

CoinJanitor will unlock that trapped value using economic forces and its primary tool: the CoinJanitor token. We will proceed to do that through 5 main steps:

[left]1.) Mapping cryptocurrency markets to see where those failed coins are. We have come up with our own definition of what a failed coin looks like, taking various parameters into consideration. We define failed coins as follows: PoW coins – mainly – that were launched more than 2 years ago, are not traded on exchanges and have a market cap smaller than $50,000 USD.

2.) CoinJanitor will reach out to those coins that according to our mapping efforts, can be defined as failed coins. We will communicate with the creators and the communities of these projects to set up a buy-out program and have the creators turn over access to GutHub and other code repositories. The buy out program will have a deadline and will be done using the CoinJanitor token exclusively. This will prevent the emergence of pump and dump schemes, and other types of speculation. Using the CoinJanitor token will prevent the project from becoming a de-facto exchange service for coins that are otherwise not exchangeable.

3.) After the buy out program is implemented, CoinJanitor will proceed to eliminate – burn – all the coins it bought.

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The next stage involves decommissioning blockchains belonging to the projects that had value trapped in them.

5.) CoinJanitor’s final stage in this process is to organize and release all the relevant code, GitHub repositories, data and other relevant pieces of information about these projects, to the public. Every piece of code will be turned into open source code, available for the community to build upon and use on other projects. Data will be organized and distilled into decision-making tools that will help community members in the future.[/left]


CoinJanitor is a multi-stage project that will start with the transfer of value that is trapped in failed coins as its first stage. Our team will subsequently develop and deploy more tools based on the data we will process during our work to restore this trapped value to the markets.

What are the benefits of the CoinJanitor project?

This project will benefit CoinJanitor community members, cryptocurrency markets, users of failed coins and CoinJanitor creators in different ways:
•CoinJanitor community members will benefit from being part of a growing economy that amalgamates communities to achieve the network effect they couldn’t achieve on their own.
•Cryptocurrency markets will benefit from a reduction in market dilution and the possibility of having previously trapped value moving back in.
•Users of failed coins will have a way to transfer the value they had locked in a failed project and will join a project that will integrate them.
•CoinJanitor creators will benefit from creating an unprecedented project in the cryptocurrency space that will create value through amalgamating the communities of failed coins under a single umbrella.

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Last edited by CoinJanitor on May 3rd, 2018, 3:21 pm, edited 1 time in total.
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Re: [ANN] COINJANITOR [ICO] DO DEAD COINS GO TO HEAVEN? OR DO THEY GO TO THE JANITOR

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Dead coins have been a topic of discussion for a long time in the cryptocurrency space. Nevertheless, no one has taken any kind of action to recycle them or do anything else with them. This might have to do with the fact that blockchain experts and bitcoin enthusiasts cannot agree on a single definition for a dead coin. CoinJanitor, the world’s first, blockchain based, dead coin recycling platform, comes with a revolutionary solution to engage the blockchain community in this recycling process, helping the market deal with the dead coins in the best possible manner while it opens up the discussion about the definition of what a dead coin is.

Read more here: http://www.livebitcoinnews.com/coinjani ... -solution/
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Re: [ANN] COINJANITOR [ICO] DO DEAD COINS GO TO HEAVEN? OR DO THEY GO TO THE JANITOR

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As a community project CoinJanitor aims to include as many people as possible which is why we’re accepting contributions in more than 40 different altcoins

CoinJanitor is now ready to accept contributions in over 40 cryptocurrencies thanks to its partnership with CoinGate and Neutron. The project, which had an initial set of 6 cryptocurrencies it was planning on accepting for its public sale, decided to reach out to CoinGate and the Neutron community to work out a deal that would help it become even more inclusive. Given that one of CoinJanitor’s main goals is to allow as wide an audience as possible to participate in its revolutionary project to clean up dead coins, these partnerships will allow it to deliver on that promise.

Find out more here: https://www.coinjanitor.io/news/coinjan ... ltcoins-2/
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Re: [ANN] COINJANITOR [ICO] DO DEAD COINS GO TO HEAVEN? OR DO THEY GO TO THE JANITOR

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An Active Telegram Group
Beyond membership numbers, CoinJanitor knows its message is reaching the people it engaged because there is more activity within its Telegram group as well. More people are asking questions about the project. From how to participate in the ICO to how does the project add value, CoinJanitor team members have been answering every question from their audience promptly and fully. They are also encouraging people to ask more questions, and the effort is paying off.
Join us on telegram today and see what all the hype is all about.
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Re: [ANN] COINJANITOR [ICO] DO DEAD COINS GO TO HEAVEN? OR DO THEY GO TO THE JANITOR

#10
CoinJanitor will pay users of dead coins for their useless coins, to bring them back into the market.

Cryptocurrency markets are full of coins that have failed. These coins are functionally dead and cannot be traded. The holders of these coins are stuck, and the value left in these blockchains is locked. CoinJanitor is the first and only project so far that can change this situation. The project will buy dead coins from the people who got stuck with them, allowing them to recover some of the value they have trapped in those coins. The buyouts, on the other hand, will bring all those dead coin assets – users, code, data, and marketing assets – under the CoinJanitor umbrella, where they will create a powerful network effect and serve to build new market analysis tools.
https://ethereumworldnews.com/coinjanit ... ead-coins/
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