A community funded project that sweeps up inactive coins.
CoinJanitor ICO May 1 – May 31, 2018
Coin Janitor ICO Details
|Type||Ethereum ERC-20 Token (what is ERC 20 Token?)|
|Total Supply||100,000,000 JAN|
|Founders & Team||10%|
Interview with CoinJanitor
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project, and how will your project address this?
CoinJanitor: To reduce cryptocurrency market dilution and restore lost value to the Crypto Economy, by providing holders, community members and creators of failed coins, a buy-out, a way to join a project that has the network effect that the projects they created or supported failed to achieve, and implementing a subsequent systematic burn of the coins bought out.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
CoinJanitor: People who created, supported or were otherwise involved with cryptocurrency projects that are now functionally dead, have all the value they invested in them trapped. They cannot transact or trade these coins. This trapped value can serve as a source of growth for cryptocurrency markets if it is freed. It will also be beneficial for those who hold these failed coins because it will allow them to join a new community that can achieve the network effect that the coins they hold failed to achieve.
BC: How do you think competition will develop in this segment of the market following your ICO?
CoinJanitor: CoinJanitor is a first for its kind.
BC: For all those who have read your white paper and are still on the fence about contributing with your ICO, what can you tell them that could lead them to buy into your project?
CoinJanitor: There are more than 4,500 different cryptocurrencies; only about 1,400 are traded on exchanges. This is the by-product of the growth rates that cryptocurrency markets had in the last few years. As a community, cryptocurrency users and enthusiasts need to take care of these failed projects. CoinJanitor is the first service offering to do so, and one of the first to open the discussion about what to do with these failed projects.