How's the progress of this project?
I'm interested as I have lots of tokens and altcoins sitting on my wallet without a value now.
I missed the right time of selling it and now just sitting there.
Someone attempted this kind of project but they didn't attain success.
And what's your criteria on your coin selection - coins to revive?
The progress is extremely positive - thanks for asking! Criteria: The market cap of the coin should be under $50,000 USD 2. The coin should be a PoW coin. 3. It must NOT be listed on any exchange. 4. It should be at least 2 years old. There is a chance we will target coins that are newer than that, but we will start with those that are 2 years old or older. 5. The owners should be contactable. 6. Most importantly, the owner and community must be willing to cooperate with CoinJanitor. You can read more about this here: https://www.coinjanitor.io/wp-content/uploads/2018/03/CoinJanitor-White-Paper-v5.1.pdfSo I think, very few fall on your criteria as most of the owners are not contactable. Especially, if they dump already their premine or their coins. So the eth tokens are not your scope of work. I thought I have the possibility of at least disposing a quarter of them.  Anyway, let's hope that your services will push thru. We have already been in contact with many owners and the discussions are positive. Why would you not have the possibility of disposing your tokens? We are working hard and we are not going to stop until we have succeeded. |
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Too wordy a description, guys. Could you make it more readable? I got trapped by the concept, but it's so pleonastic  How about now? It's still all words and letters, IMO. Important news and features can easily drowned on that sea. If you can convert them into illustrative images, roadmaps, etc, it'll be more eye catching Thanks for this! We are actually creating images and will be ready tomorrow for publishing. We only recently got our Jr Member status  |
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How's the progress of this project?
I'm interested as I have lots of tokens and altcoins sitting on my wallet without a value now.
I missed the right time of selling it and now just sitting there.
Someone attempted this kind of project but they didn't attain success.
And what's your criteria on your coin selection - coins to revive?
The progress is extremely positive - thanks for asking! Criteria: The market cap of the coin should be under $50,000 USD 2. The coin should be a PoW coin. 3. It must NOT be listed on any exchange. 4. It should be at least 2 years old. There is a chance we will target coins that are newer than that, but we will start with those that are 2 years old or older. 5. The owners should be contactable. 6. Most importantly, the owner and community must be willing to cooperate with CoinJanitor. You can read more about this here: https://www.coinjanitor.io/wp-content/uploads/2018/03/CoinJanitor-White-Paper-v5.1.pdf |
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Thanks for participating! |
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Too wordy a description, guys. Could you make it more readable? I got trapped by the concept, but it's so pleonastic How about now? |
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Awesome Project..All the best.
Thanks so much! What do you like most about our project? |
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Please do not post your ERC20 address in the thread.
Thanks!
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Meet the team
Marc Kenigsberg, Founder & CEO CoinJanitor
Marc has been an advocate for #cryptocurrency and #bitcoin since 2013. He is an internationally recognized #speaker and firmly believes in the power of the #blockchain.
“Today it’s all about financial transactions. What if I would tell you that finance will play the smallest part, when we talk about the distribution of blockchain technology in just a couple years“ he said during Blockchain & Bitcoin conference in Limassol, Cyprus.
He is a veteran of the gambling industry, served 15 years in various marketing and senior leadership roles at some of the largest Playtech and Microgaming licensees. He has built multiple companies around the crypto ecosystem, including one of the biggest news websites in the Bitcoin world Bitcoin Chaser, is a recognized ICO adviser and regular speaker at industry conferences like the London Affiliate Show, ICE Totally Gaming, the @World Gaming Summit, SIGMA - IGaming Malta, @Bitcoin Europe, Crypto Friends Hypethon and more.
He is a manager and CEO that is not just thinking about today, but tomorrow: „Right now there are 4.500 coins in the market, only 1.500 of them have enough trading volume to be labeled active. This is a lot of trapped value that we can and will release with CoinJanitor to create a clean, functional and prosperous crypto market for everyone.“
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Bitcoin Garden | CoinJanitor: Do Dead Coins Go to Heaven? Or Do They Go To The Janitor? https://bitcoingarden.org/coinjanitor-do-dead-coins-go-to-heaven-or-do-they-go-to-the-janitor/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. Furthermore, 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.
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....Thanks for sharing our journey! Let's clean up Crypto. |
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IT is a tectonic effect each one of us who realy give support from this project im also one of this project buy promoting this development more update and recycle value back into the market. And we do this by paying users of old coins to aims cleanup cryptocurrency and strengthen Bitcoin by being the FIRST coin to absorb failed crypto in doing buy CoinJanitor . realy nice project keep it up!....
Thank you so much for the kind words. Join us on Telegram to discuss this in more detail: https://t.me/CoinJanitor |
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Did You know There Are More Than 4,500 Cryptocurrencies Already?
Just a little over 9 years ago, the first Bitcoin was mined. The world was busy with one of the most gruesome economic meltdowns in history, so it took us years to discover the invention that turned into the frenzy of the century. Now, almost 10 years after Satoshi Nakamoto published his white paper, the
asset that just a few people in a closely-knit mailing list knew about, spawned an explosion of digital assets that no one would have been able to foresee. With ICOs adding more crypto assets to the market on a daily basis, it is hard to keep an updated count of how many are out there. There are more than
4,500 coins and tokens in circulation, challenging what we thought we knew about cryptocurrency markets.
A Lack of Information
Anyone would think that the 1,500 or so coins listed on coinmarketcap.com make up the market, but this is not accurate. Many more coins are hiding somewhere in a dark corner of the web, waiting to be dusted, and that is just the tip of the iceberg. The dearth of information about cryptocurrencies is greater than we thought. In fact, for every well-known cryptocurrency, there might be hundreds of unknown ones, which forces us to think about other information that we might be missing.
Juggle These Numbers in your Mind
Thanks to preliminary research, CoinJanitor has been able to establish just how many cryptocurrencies we are missing out on. Most of them are not tradeable and a significant number is also functionally dead. Just take a look at CoinJanitor’s initial findings. The numbers below will give you a taste of the kind of information we are missing out on:
CoinJanitor found more than 4,500 cryptocurrencies in circulation, of which the top 10 account for between 75% and 80% of the total market cap.
The following 90 coins on those ranked within the top 100 on coinmarketcap.com, account for anywhere between 15% and 18% of the total market cap.
That leaves around 4,400 cryptocurrencies holding about 2% of the total market cap in the most extreme cases.
More Factors
Just take a minute to digest that and think, if Bitcoin is now processing hundreds of thousands of transactions per day, how many cryptocurrency transactions have been completely unaccounted for because they took place within micro-cap blockchains? What could that information teach us? How
about all the metadata related to that information? There are many more questions we could ask ourselves just based on those small data samples from CoinJanitor’s preliminary research, so imagine what we could learn if we knew more?
Knowledge Nurtures Wisdom
It took Bitcoin years to be as widely known as it is now, but this global phenomenon is still understudied. Now the pace at which other cryptocurrencies are created makes Bitcoin’s long and arduous journey look like a story from the last century. The cryptocurrency explosion has increased the unknowns
exponentially, widening our gaps in understanding. If we study the markets we might be able to narrow this gap, and our newfound knowledge will nurture our wisdom. The first step is to understand that
there are indeed more than 4,500 coins out there, so we can start looking for all the treasures hidden
behind the data that they produce.
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Awesome Project..All the best.
Thanks for the feedback! Join our community today. |
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