They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market.
The amalgamation of dead coin communities and other dead coin assets under a single roof – the CoinJanitor project.
Tools and Resources
Access to all CoinJanitors data, together with the tools and resources that CoinJanitor will develop from its research and the assets it integrates from dead coin projects.
CoinJanitor Token Distribution
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:
Founders & Team – 10%
Bounty Campaigns – 5%
Partners – 5%
Token to Buy Failed Coins – 30%
Public Sale – 50%
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:
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.
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.
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.
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.
CoinJanitor (JAN) FAQ!
1. How do you make money from the project?
CoinJanitor aim to unlock value trapped in failed or dead coins, add value through the amalgamation of deadcoin communities and make that value transferable into the markets. The network effect created through the amalgamation of dead coin communities is the cornerstone of our value proposition. As we integrate more dead or failed coin communities under the CoinJanitor umbrella, that network effect should grow, compounding the value of our token.
2. Which countries are not allowed to contribute?
US citizens and residents are not allowed to contribute.
3. Why there are no advisors?
The team has all the expertise needed to carry out its task and Marc Kenigsberg, one of the top ICO advisors in the world, is leading this effort. We have asked would-be advisors to help us spread the word about the project instead of hiring them to perform specific tasks. Many advisors have approached us, but we believe they can help us better by putting a good word in if they really believe in the project. Many have and we have been encouraged to stick to this approach.
4. When you will be listed on the exchange?
As soon as the public sale is over we will list our token on the exchanges we have struck a deal with already.
5. How do I get JAN coins?
You can contribute directly during our public sale starting on May 1st . You can also participate in our innovative bounty program and get a reward for your role in helping our nascent community.
6. What can I do with JAN coins?
CoinJanitor tokens (JAN) are an ERC20 token that will allow you to transact and transfer value. They will also be the basis of a new economy based on the recycling of dead coins through the amalgamation of dead coin communities. Any activity within this economy will be denominated in JAN and the team is planning to add more functions to the token once it starts deploying it to buy out and decommission dead coins. We would like to keep our focus on that task and worry about the deployment of additional functions for the JAN token later this year. Our road map and our white paper suggest ways in which we can add functions to the token. We will disclose those once they are ready for deployment.
7. What currencies are accepted?
Contributions can be made in BTC, ETH, LTC, XMR, BTG and BCH. We will also take contributions in fiat (USD).
8. What is the company’s vision?
CoinJanitor will become one of the most significant sources of data, code and other IP assets in cryptocurrency markets. We will build innovative tools with these assets for the benefit of anyone interested in cryptocurrencies in general, and our community members in particular. Unlocking value trapped in dead coins, adding value through the integration and amalgamation of dead coin communities under the CoinJanitor umbrella to create a network effect, and allowing people to transfer that value openly into cryptocurrency markets will be the first step we take in that direction.
One of the most important aspects when learning about CoinJanitor is their strategies when dealing with communities at the moment of making the necessary arrangements to proceed with the actual purchase of the project.
In short words, once the team at CoinJanitor evaluated a project and concluded there are valuable asset that could help the entire crypto community, they will approach the people behind the project, at this point there could be several cases depending if there are divisions in the project’s community or if on the contrary, the people are united with common interests.
In the cases where there are divisions involving the community of the dead crypto project and/or its owners, then CoinJanitor will most likely avoid getting involved because dealing with complicated situations can consume too much time and energy. CoinJanitor is looking to create relationships with people that understand the fact that what CoinJanitor is doing brings benefits to everyone, so if things get complicated with a particular project, CoinJanitor will simply contact a different project and start to work with them in making the arrangements to acquire that project.
In my personal opinion, I think the most common case will be to find projects with a little dose of conflict between its member caused by the project’s failure, but they will most likely agree with the terms CoinJanitor will be proposing to at least recover some value from the work they did.
In the infographic I am sharing below, I explained the 3 situations that CoinJanitor might face when dealing with communities from dead crypto projects.
Infographic about the way CoinJanitor will deal with communities
The information contained within this post shall not be taken as a financial advice. I am not a financial adviser and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.