With more than 4,500 cryptocurrencies in circulation, there are bound to be many that are functionally dead. This presents many challenges for cryptocurrency markets, as well as for the users of those currencies. Those users have their money locked in a network that doesn’t allow them to transact, or a currency that is not tradeable. Cryptocurrency markets on the other hand, suffer from dilution of resources and reputational issues due to the sheer number of unusable coins. CoinJanitor aims to solve these problems by unlocking trapped value in these projects and at the same time create the much-needed public discussion of how best to recycle value from failed projects in the future.

CoinJanitor will achieve this by taking over failed projects. To do this we will exchange CoinJanitor tokens (JAN) for the delisted coins that users hold. We will then proceed to burn those tokens and coins that we acquire. Through this mechanism, value will be restored to individual users who can sell or trade their CoinJanitor tokens, and to the community at large by the recycling of codebases and project assets back into the community. By reducing resource dilution in the market CoinJanitor will contribute to the network effect of functional coins, more effectively leverage fragmented communities and implement a mechanism for the recycling of spent resources back into future projects. As a result, CoinJanitor will also benefit from network effect and create a highly engaged, loyal community of coin holders working towards the improvement of utility and value in the crypto economy.

3.9
See rating distribution
ICO rating reflects the amount of information available about a project and does not indicate its quality. Therefore, ICO rating must not be taken as investment advice

Closed 10 months, 3 weeks ago

Token Sale 05/01/2018 midnight - 05/31/2018 midnight
Country Cyprus
Type ICO
A
Asaf Yosifov
CTO
NOT VERIFIED
Participates in 2 ICOs
T
Tzahi Kanza
BIZ DEV
NOT VERIFIED
Participates in 2 ICOs
T
Tzvi Shishler
CMO
NOT VERIFIED
Participates in 2 ICOs
T
Theo Morgan-Somers
CIO
NOT VERIFIED
Member of this ICO only
S
Steven Gleiser
ECONOMIC ARCHITECT
NOT VERIFIED
Member of this ICO only
M
Marc Kenigsberg
CEO
NOT VERIFIED
Participates in 10 ICOs
3.9
See rating distribution
ICO rating reflects the amount of information available about a project and does not indicate its quality. Therefore, ICO rating must not be taken as investment advice

Closed 10 months, 3 weeks ago

Token Sale 05/01/2018 midnight - 05/31/2018 midnight
Country Cyprus
Type ICO

Financial information

Platform Ethereum

Interest

Alexa rank 5,671,123 th
Telegram participants 1,600
Twitter followers 1,943
Promotional video views 7,429
Similar icos
Disclaimer

TrackICO does not encourage investing in any ICOs published on the platform. Make sure to do your own thorough research before putting money into Initial Coin Offerings. All content on TrackICO is meant to be used for information purposes only, and should not be taken as financial or investment advice.