CoinJanitor

Recycling Dead Coins

ICO Past ICO

Finished before 166 days

Time: 01.05.2018 - 31.05.2018

PROJECT DESCRIPTION

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.

TOKEN DETAILS

  • Token Name CoinJanitor
  • Platform and Token Type Ethereum
  • Price per token 1 JAN = 0.16 USD
  • Hard cap 7,500,000 USD

TEAM

Person Image
Marc Kenigsberg CEO
Linkedin icon
Person Image
Asaf Yosifov CTO
Linkedin icon
Person Image
Tzahi Kanza Biz Dev
Linkedin icon
Person Image
Tzvi Shishler CMO
Linkedin icon
Person Image
Theo Morgan-Somers CIO
Linkedin icon
Person Image
Steven Gleiser Economic Architect
Linkedin icon

Get notified when a new ICO launches and never miss another opportunity