[ANN] COINJANITOR Do Dead Coins Go to Heaven? Or Do They Go To The Janitor?

[marckenigsberg]

The Token Sale opens today for CoinJanitor!
Thanks for all the support we have received so far.
If you haven't registered yet please do it now and get access to the latest news and find out first which deadcoins we'll be eating.

Find out more info

[CoinJanitor]

The Token Sale opens today for CoinJanitor!
Thanks for all the support we have received so far.
If you haven't registered yet please do it now and get access to the latest news and find out first which deadcoins we'll be eating.

Find out more info

Thanks Marc! We cant wait for the launch!

[yugyug]

Now this is the main concern of this crypto world and crypto space there are lot of crypto junkies hanging on the web where the coins or tokens lost their value due to failed project or lack of community support. So how does the buy out takes place or the Coinjanitor has its own blockchain for inter swapping the dead coins to janitor coins ? or how to make the dead coin alive again ?

[Miiike]

Now this is the main concern of this crypto world and crypto space there are lot of crypto junkies hanging on the web where the coins or tokens lost their value due to failed project or lack of community support. So how does the buy out takes place or the Coinjanitor has its own blockchain for inter swapping the dead coins to janitor coins ? or how to make the dead coin alive again ?

It is actually explained on the OP, but allow me to quote it for you

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:

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.

4.) 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.

And Dev, nice update on your thread. It looks much better and interesting with essentials and graphics

[marckenigsberg]

Now this is the main concern of this crypto world and crypto space there are lot of crypto junkies hanging on the web where the coins or tokens lost their value due to failed project or lack of community support. So how does the buy out takes place or the Coinjanitor has its own blockchain for inter swapping the dead coins to janitor coins ? or how to make the dead coin alive again ?

Thanks yugyug. Exactly as Miiike said.
We will take the coins on the old chain and give users JAN tokens on our chain.
There is a lot more detail in our whitepaper and website.

[marckenigsberg]

And Dev, nice update on your thread. It looks much better and interesting with essentials and graphics

Thanks Miiike we are trying

[CoinJanitor]

What CoinJanitor Hopes To Achieve
More than 4,500 cryptocurrencies are in circulation today. However, most of them are dead coins. The dead coins pose a challenge to the cryptocurrency market, as the market has to deal with value dilution while the owners of the coins have the value of the coins trapped in digital currencies that are not accepted in the market. Additionally, most cryptocurrency wealth is concentrated on coins with a market cap of $1 billion and above, and yet thousands of users have coins with a market cap of $50,000 or lower. The CoinJanitor platform hopes to welcome and recycle all these coins via the use of the CoinJanitor token. The steps below will be followed to achieve this goal:
 
If you would like to read the rest of this article go to: https://bitcoinexchangeguide.com/coinjanitor/

[CoinJanitor]

Cryptocurrency markets are a lot like these buildings, but they do not have a resident janitor that can help them, until now. CoinJanitor is the project that will take care of all the pipe bursts, cracked windows and hallway spills in cryptocurrency markets..

Read the rest of the article here: https://coinspectator.com/news/303082/cryptocurrency-markets-need-a-coinjanitor

[CoinJanitor]

CoinJanitor’s role is to take care of failed or dead coins, cleaning them up in a manner that restores their value into wider cryptocurrency markets. CoinJanitor works by selecting specific coins that have failed or are functionally dead;...

Read the rest of the article here: http://bitcoinprbuzz.com/tag/coinjanitor/

[CoinJanitor]

Step into any office building, school, government office or even residential buildings, and you will find a janitor. The janitor takes care of all the small things the building needs to run, keeping it clean and tidy. Most of us never notice the janitor; unless we have an issue, we don’t interact with them.

Nevertheless, once a pipe bursts, a window cracks or there is a huge spill on the hallway we call the only person we know who can take care of the mess. The janitor contributes to our efficiency even if we don’t notice. Cryptocurrency markets are a lot like these buildings, but they do not have a resident janitor that can help them, until now.

Interested in reading the rest of this article? Go to : http://coinmint.press/2018/03/13/the-economy-always-needs-a-janitor/

[CoinJanitor]

Purchased The Flawed Coin? CoinJanitor Can Assist You Out!   Cryptocurrency markets are difficult. Regardless of the wealth of revolutionary concepts in them, many of the tasks fail. In lots of circumstances, individuals find yourself shopping for cash that fail regardless of their promising ideas and technological innovation. Subsequently, there’s a want for a mission to return into…

Interested in reading the rest of this article? Read it here: https://bitcoingeniepro.com/featured/bought-the-wrong-coin-coinjanitor-can-help-you-out/

[cbholic]

the CoinJanitor project is interesting and has good planning. Ico has been opened, hopefully in its development will be many investors who are interested and support your project to success.

[CoinJanitor]

Yet defining how a blockchain project looks like and what a dead coin is are not easy tasks. There is no consensus out there around these definitions. Therefore, CoinJanitor took on the issue and came up with its own definitions.

Read more at: https://beat.10ztalk.com/2018/04/28/what-happens-when-a-blockchain-project-fails-coinspeaker/

[CoinJanitor]

the CoinJanitor project is interesting and has good planning. Ico has been opened, hopefully in its development will be many investors who are interested and support your project to success.

Thanks so much for the kind words!

[marckenigsberg]

the CoinJanitor project is interesting and has good planning. Ico has been opened, hopefully in its development will be many investors who are interested and support your project to success.

Thanks for the support! Right now it's about spreading the word and getting people to be part of the community.

[CoinJanitor]

ICO IS NOW LIVE!!!
See for yourself: www.coinjanitor.io
If you are having any issues with payments or KYC please message the live chat on the website.

[S3cco]

Big shoutout for CoinJanitor in Bitcoin Garden Forum Newsletter (Issue #22, May 02)

COIN JANITOR: Let's clean up cryptocurrency and restore lost value to the crypto economy! The idea is a bit crazy but pretty unique, and completely makes sense. 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. For those interested in the project, there's also an interesting bounty campaign you may want to check. You can read all details in the official thread...

If you're not subscribed, you can read it in the archives: https://bitcoingarden.org/forum/index.php?topic=35915.0

Thumbs up for this project. I love it.

[marckenigsberg]

Big shoutout for CoinJanitor in Bitcoin Garden Forum Newsletter (Issue #22, May 02)

COIN JANITOR: Let's clean up cryptocurrency and restore lost value to the crypto economy! The idea is a bit crazy but pretty unique, and completely makes sense. 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. For those interested in the project, there's also an interesting bounty campaign you may want to check. You can read all details in the official thread...

If you're not subscribed, you can read it in the archives: https://bitcoingarden.org/forum/index.php?topic=35915.0

Thumbs up for this project. I love it.

Thanks S3cco, I appreciate all the support!
And for anyone in Garden we have an ANN thread there too.

[CoinJanitor]

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... The post Press Release: CoinJanitor, The Project In Charge Of Cleaning Cryptocurrency Markets From Dead Coins appeared first on Trustnodes.

Read the full article here: https://www.trustnodes.com/2018/04/27/press-release-coinjanitor-project-charge-cleaning-cryptocurrency-markets-dead-coins

[CoinJanitor]

Big shoutout for CoinJanitor in Bitcoin Garden Forum Newsletter (Issue #22, May 02)

COIN JANITOR: Let's clean up cryptocurrency and restore lost value to the crypto economy! The idea is a bit crazy but pretty unique, and completely makes sense. 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. For those interested in the project, there's also an interesting bounty campaign you may want to check. You can read all details in the official thread...

If you're not subscribed, you can read it in the archives: https://bitcoingarden.org/forum/index.php?topic=35915.0

Thumbs up for this project. I love it.

Thanks S3cco!