• Cryptocurrency
  • Platform

CoinJanitor 4.25/5 (1) - Cryptocurrency recycling mechanism

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...

Token sale ended

4.3
Hype4.0
Security4.0
Team4.0
Vision5.0
  • Token: JAN
  • Price: 1 JAN = 0.16 USD
  • ICO start: 1 May 2018
  • ICO end: 31 May 2018
  • Country: Cyprus
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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.

Team

Milestones

  • Q3 2017
    Criteria and methodology development and initial coin research
  • Q4 2017
    Development of proprietary profiling systems
  • Q1 2018
    Identification of preliminary candidate coins
  • Feb 2018
    ICO announcement
  • 2 May 2018
    ICO opens
  • 31 May 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 2018
    CoinJanitor phase 2 TBA

Token

  • Platform: Ethereum
  • Price: 1 JAN = 0.16 USD
  • Accepting: BTC, ETH, LTC, XMR, BTG , BCH,USD
  • Token distribution: 50% – Public Sale 30%– Token to buy failed coins 10%– Founders & Team 5%– Bounty Campaigns 5% – Partners
  • Hard cap: 7,500,000 USD

Proof Points
4/5

Legal entity

Registered AddressΓρίβα Διγενή, 36,
Floor 5, Flat 501
1066, Λευκωσία, Κύπρος Cyprus

 

https://opencorporates.com/companies/cy/HE381371

 

Prehistory of project

Team members are working at Titanium Project.

Product or its MVP

No MVP were found.

Blockchain experience

Marc Kenigsberg is advisor at OpportyFundFantasyCashBagConnectJobDeep GoldCrowdWizPublicaNAU.

 

Asaf Yosifov is CTO at FundFantasy.

 

Tzahi Kanza is CSO at  FundFantasy.

 

Tzvi Shishler is advisor on international marketing at NAU.

 

Escrow

No escrow information were found.

Comments

Update: 01.05.2018

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