Crypto currency is a digital asset intended to fill in as a medium of trade that utilizations cryptography to secure its exchanges, to control the making of extra units, and to check the exchange of benefits. Cryptographic forms of money are a type of computerized monetary standards, elective monetary forms and virtual monetary standards. Digital forms of money utilize decentralized control rather than brought together electronic cash and focal managing an account frameworks. The decentralized control of every digital currency works through a blockchain, which is an open exchange database, working as a disseminated record.
The legitimacy of every cryptocurrency's coins is given by a blockchain. A blockchain is a persistently growing list of records, called blocks, which are connected and secured utilizing cryptography.
ABOUT COINJANITOR
Cryptocurrency markets are full of coins that have failed. These coins are functionally dead and cannot be traded. The holders of these coins are stuck, and the value left in these blockchains is locked. CoinJanitor is the first and only project so far that can change this situation. The project will buy dead coins from the people who got stuck with them, allowing them to recover some of the value they have trapped in those coins.
Coinjanitor platform will profile coins based on certain parameters. They will then utilize a community outreach program to work with communities of the dead coin via the CoinJanitor platform. These dead coins will then be exchanged for CoinJanitor tokens in a buy out. The blockchains of the dead coins will then be decommissioned and their coins burned.
CoinJanitor will start cleaning up cryptocurrency markets as soon as the public sale is over, using its own JAN token reserve. CoinJanitor’s public sale will start on May 1st and it will end on May 31st. Buyers will be able to enjoy all the development that CoinJanitor will bring based on the code and the data that it will acquire while it cleans up dead coins.
GOAL: Tto unlock the value that users and creators of dead or failed coins have already invested in them and help them transfer that value back into top ranked cryptocurrencies.
WHY COINJANITOR
CoinJanitor will be using its tokens to buy out coins that are not listed on exchanges. Using top ranked cryptocurrencies directly puts the project at the mercy of the markets in such a way that the initial contributions to the project would have to be used to decommission coins at market value, burning through reserves at a higher rate.
Our goal is not to become an exchange for dead coins, but rather to unlock the value that users and creators of dead or failed coins have already invested in them and help them transfer that value back into top ranked cryptocurrencies.
BENEFITS
• High Demand: 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.
• Network effect: 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.
- Users: The opportunity to get value back from coins that cannot be sold at exchanges and to join a community that will grow exponentially. They will also enjoy the benefit of the network effect that CoinJanitor will achieve through the amalgamation of communities that are otherwise cut-off from cryptocurrency markets altogether. This includes the transfer of the value they have that is trapped in failed coins, into
cryptocurrency markets. Hence, they will be able to use value that was considered to be lost. - Project Creators: Pioneering the creation of a project that is the first of its kind. Creators will also enjoy the benefit of opening the debate about what to do with failed coins henceforth, and they will lead a newly created community in the development of more advanced tools that will be useful to cryptocurrency users and markets.
- CoinJanitor: The creation of an economy that wouldn’t exist otherwise. This economy will grow with every failed coin that is disabled and with every community that is amalgamated under the CoinJanitor umbrella. CoinJanitor community members will have a say about how to achieve market concentration and the transfer of value trapped in failed coins in the future.
- The Market: Cryptocurrency markets will benefit from the reduction of dilution and the transfer of value that would be otherwise lost, into top ranked cryptocurrencies. This is the main positive externality that CoinJanitor will create for the benefit of other cryptocurrency communities.
TOKEN
Token Name: JAN
Price: 1JAN= $0.16
Platform: Ethereum
Accepting: BTC, XMR, ETH, LTC, Fiat
Hard Cap: 7.500.000 $
TOKEN DISTRIBUTION
• Founders & Team – 10%
• Bounty Campaigns – 5%
• Partners – 5%
• Token to Buy Failed Coins – 30%
• Public Sale – 50%
ROADMAP
Q3 2017: Criteria and methodology development. Initial coin research.
Q4 2017: Development of proprietary profiling systems.
Q1 2018: Identification of preliminary candidate coins.
February 2018: ICO announcement.
May 1st, 2018: ICO opens.
May 31st, 2018: ICO ends.
Q2 2018: First token swaps.
Q3 2018: Release of API into CoinJanitor market data.
Q4 2018: First state of the market report on all coins.
Q1 2019: CoinJanitor phase 2 TBA.
TEAM
Meet the innovative team behind this tremendous project.
Download the whitepaper for more information https://coinjanitor.io/wp-content/uploads/2018/03/CoinJanitor-White-Paper-v5.1.pdf and also visit the links below
Wesite: https://www.coinjanitor.io/
Facebook: https://www.facebook.com/Cryptobble/
Youtube Channel: https://goo.gl/YHYi1B
Twitter: https://twitter.com/cryptobble
Telegram: https://t.me/cryptobblechat
Instagram: https://www.instagram.com/cryptobble/
Bitcoin Talk Thread: https://bitcointalk.org/index.php?topic=3033541.0
Author
temillion
My Bounty0x Username: temillion
bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1839623
Disclaimer: This article was published in terms with the bounty campaign. I am not a project team member or its representative but a supporter of this tremendous project.