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ICO Coinjanitor Token... Awakening The Dead/ Fail Coins

Discussion in 'Altcoins' started by sumana, May 31, 2018.

  1. sumana

    sumana Upcoming

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    WHAT'S COINJANITOR

    CoinJanitor is a community funded project that sweeps up inactive coins and pays users to trade them in.

    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.



    MISSION

    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, a way to join a project that has the network effect that the projects they created or supported failed to achieve, and implementing a subse-quent systematic burn of the coins bought out.


    THE PROBLEM/CHALLENGE TO SOLVE

    Many of these new cryptocurrencies have legitimate goals to fulfill, and their creators along with their supporters,
    believe their coins can deliver. Nevertheless, most fail.
    Of the 4,500 or more cryptocurrencies that exist today, just a fraction are delivering true value to their users. Network effect is the main pillar of the value they deliver.

    Failed or dead coins either have negligible network effect or no network effect at all,despite the best intentions of their creators and their supporting community. Their users have invested funds, development, time, marketing or other resources into these projects, which is now spent or trapped. On the other hand, markets lose resources that can be otherwise invested into leading cryptocurrencies that can
    achieve their stated goals and deliver increased value to their users. Keeping this problem in mind, the challenge is to restore value to the users of those failed or dead coins and recycle as much trapped value from other assets back into the community at large strengthening the leading
    cryptocurrencies.

    SOLUTION

    The solution to this problem is to unlock the value that users of failed or dead coins invested into those networks and enable its transfer to more successful cryptocurrency networks, while at the same time eliminating those coins that trapped value in the first place. The challenge is to set up a system to restore and transfer this trapped value in a user-friendly manner. The main tool at our disposal to address this challenge is fundamental economics. Through the creation of a token,the CoinJanitor project aims to provide a convertible asset for the users of those failed or dead coins to unlock the value they left on the blockchains of those coins. By receiving CoinJanitor (JAN) tokens, users can trade their previously locked value into bitcoin and other leading cryptocurrencies

    COINJANITOR TOKEN DISTRIBUTION

    {filename}-Coinjanitor Token... Awakening The Dead/ Fail Coins

    Our sale aims to be inclusive, while allowing us to keep a reserve that will allow us to achieve our goals. Here is how we will distribute CoinJanitor tokens following the sale:


    *Team member tokens will be frozen until 2019.

    • Founders & Team – 10%
    • Bounty Campaigns – 5%
    • Partners – 5%
    • Token to Buy Failed Coins – 30%
    • Public Sale – 50%


    BENEFITS

    There are 4 main groups of people who will benefit from the CoinJanitor project. People may belong to more than one of these groups simultaneously, which means they will enjoy the benefits on every group they might be in. The following are the groups of people who will benefit from the CoinJanitor project and how they will benefit:
    {filename}-Coinjanitor Token... Awakening The Dead/ Fail Coins
    Users of Failed Coins: They will benefit from the opportunity to get value back from coins that cannot be sold. They will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities of other failed coins that are otherwise cut-off from the markets.

    {filename}-Coinjanitor Token... Awakening The Dead/ Fail Coins
    CoinJanitor Users: They will benefit from the creation of a new economy that wouldn’t exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one.

    {filename}-Coinjanitor Token... Awakening The Dead/ Fail Coins
    The Market: Cryptocurrency markets will benefit from 2 positive externalities that the CoinJanitor project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market.

    {filename}-Coinjanitor Token... Awakening The Dead/ Fail Coins
    Project Creators: They will benefit from creating an unprecedented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.

    {filename}-Coinjanitor Token... Awakening The Dead/ Fail Coins

    SOCIAL LINKS

    Website: https://www.coinjanitor.io

    Telegram: CoinJanitor

    Whitepaper: https://www.coinjanitor.io/wp-content/uploads/2018/03/CoinJanitor-White-Paper-v4.5.pdf

    Onepager: https://www.coinjanitor.io/wp-content/uploads/2018/02/CoinJanitor-Two-Pager-Landscape-Light-v3.pdf

    Twitter: Coinjanitor.io (@CoinJanitor) | Twitter

    Facebook: CoinJanitor

    Youtube: Coin Janitor

    ANN thread: [ANN] COINJANITOR[ICO] Do Dead Coins Go to Heaven? Or Do They Go To The Janitor?
     
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  3. zedzed

    zedzed Grand Mod

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    Yea,finally, a crypto platform to trade our dead coin