Have you ever heard about the Zabbaleen community in Cairo? These are the people who collect the garbage all over the city and recycle it. Due to the hard economic situation, Christians Copts had to find the way to survive in the Islamic world. They invented trash collecting and pigs farming. Years passed but Zabbaleen still can make on living with garbage recycling. What is more important with the great effects (they are 4 times more effective than Western collecting companies). Why am I starting an ICO review from the garbage collectors? Cause on the crypto market we have a lot of trash for recycling. And CoinJanitor promises to deal with it.
CoinJanitor often displays to be the first one who deals with failed or dead coins. But these are not the empty words. Indeed they are the very first one who ever thought to do something with worthless tokens. They are planning to add value through the amalgamation of dead coin communities and make that value transferable into the markets. The network effect created through the amalgamation of dead coin communities is the cornerstone of their value proposition.
So as a real Janitor takes care of the building, CoinJanitor wants to take care of a coin market. For me, this sounds like a pure win-win strategy. And I guess that not only for me, let’s have a look on the main CoinJanitor beneficiaries:
Users of failed coins will have an opportunity to get the value, locked in the tokens which cannot be sold, back.
The cryptocurrency market receives a Janitor who not only cleans unused coins but also helps to transfer its value elsewhere in the market.
CoinJanitor users will benefit from the new market possibilities (constant growth with every coin joined to this project).
Project creators benefit from creating a completely new system and development, new helpful tools for the community.
I pointed out 4 groups which benefit directly from the project. Let’s have a look what with undirect beneficiaries: JAN (CoinJanitor token) holders
3 main bonuses are:
High demand for JAN tokens (highly utility token, with the high, grow perspective as it is the only tool to resurrect dead coins).
Network effects – the amalgamation of dead coin communities and dead coin assets in one place. Thanks to this Janitor will gain a network for themselves.
Tool and resources – CoinJanitor give an access to all their data and resources.
Market description:
CoinJanicor presented some very interesting statistics about the coins trading volume on crypto market which shows that most of the target cannot be traded. About half of the tokens haven’t been even listed!.
Another statistic shows the coins number by market cap and a great difference between total market cap and number of coins by individual market cap.
CoinJanior wants to attract the project, the users of coins with the market cap lower than 50 000 USD.
Check this links to read more about CoinJanicor project:
Website:
https://www.coinjanitor.io/
Whitepaper:
https://coinjanitor.io/wp-content/uploads/2018/03/CoinJanitor-White-Paper-v5.1.pdf
One-pager:
https://coinjanitor.io/wp-content/uploads/2018/03/edited_CoinJanitor-Two-Pager-Landscape-Light-v4.pdf
Telegram:
https://t.me/CoinJanitor
This is just a first article from the CoinJanicor series. From other ones, you can learn project PROs and CONs, tokens policy, roadmap and many more.
Anna Hare
You can find me here:
https://bitcointalk.org/index.php?action=profile;u=1754481
Twitter: @44_crypto
FB: anna.hare.353
Valuer: RuthNews: http://ruth.news/ru/team
Check my Steemit/RuthNews profile regularly to find more information about the CoinJanitor project.
Next topic: “CoinJanitor- what to do with the dead coin?”.