CoinJanitor

CoinJanitor

Cleaning up cryptocurrency by buying out inactive or failed crypto projects

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.

 

Activity

Posts:
218
Followers:
497
Likes:
477
Followers:
1 960
Tweets:
1 172

Team

10 ICOs

$29 902 066

Marc Kenigsberg
CEO

2 ICO

$8 000 000

Asaf Yosifov
CTO

2 ICO

$8 000 000

Tzahi Kanza
Biz Dev
Tzvi Shishler
CMO
Theo Morgan-Somers
CIO
Steven Gleiser
Economic Architect
Arnab Naskar
CEO SICOS (Lux) S.C.S.
Antons Sapriko
CEO and Founder Scandiweb.com
Ariel Rattner
Israeli Bitcoin Early Adopter
Josef Marc
CEO at Publica
Warren Jacobs
MD at ActiveWin
Eric Benz
Eric Benz
Ismail Malik
Editor in Chief ICO Crowd
Tey Al Rjula
Co-founder of Tykn.tech
Christoph Hering
Founder & CEO at Payger
Edward Cunningham
Trippki.com Founder
Sean Suckerman
Sean Suckerman
Josh Scigala
CEO at Vaultoro.com
Gokhan Kose
CEO of BlockchainHotel
Tal Zander
Co-Founder & CEO at FundFantasy