There are a few terms that are similar to each other but not quite the same. To avoid using interchangeably, it is necessary to provide clear definitions for each and adhere to them.
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Acquiring Ethereum or ERC20-based projects presents new challenges for us here at CoinJanitor. We initially never thought we would get to this point as soon as we did. Nevertheless, the opportunity came, and we had to make the adjustments necessary to expand our buyouts to the ERC20 ecosystem. In this case, we seized the opportunity to buy RxEAL.
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July was a busy month for the CoinJanitor project and we want to give you an overview of what we’ve achieved. We recognize that transparency into the work behind the signs has not been good enough and this is one of the steps in our effort to improve our communication to our community.
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In an effort to find additional markets for a growing community, CoinJanitor’s team sought to list JAN on Token Store. This exchange is one of the biggest decentralized exchanges in the space, allowing people to trade with all the advantages a DEX offers. CoinJanitor has always believed in the advantages of decentralized exchanges, so the team is proud to offer this option to the community.
Unfortunately, there are too many scammers lurking around, using cryptocurrency to their advantage. It is impossible to blame a project for being cautious when CoinJanitor attempts a buyout approach. Nevertheless, some of these projects’ attempts to protect themselves, are outright egregious. We recently came across a dev of a potentially deadcoin project that resorted to false accusations in an attempt to turn our buyout approach into one of the reasons for the project’s failure.
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After numerous conversations with a myriad of developers, and countless messages going back and forth over different media, CoinJanitor managed to complete its first buy out. Globycoin, a project that focused on delivering an environmentally friendly coin that was based on master nodes and PoS, is the first project that CoinJanitor has acquired.
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People who are well acquainted with cryptocurrency, have heard the term “shitcoin” at least a few times. The meaning of the term, however, varies depending on who says it. Furthermore, there are enough people who use the term interchangeably with the term “deadcoin.” These two terms are radically different from each other and only one of them is objectively useful in the space. The other is a just a highly subjective expression, and here are the reasons why.
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Progress on our project has been slower than expected. Although we are optimistic about the outlook of our buy outs and we are about to release the most comprehensive dead coin data set in the world, we know our supporters were following our scheduled milestones just to find that we have had to delay them. Therefore, we have decided to freeze the team’s tokens for an additional year. We pledge not to move team tokens until March 1st, 2020.
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Since we started looking for exchanges to list on, we have been getting a lot of messages from the community about their preferences. After striking a partnership with AZExchange, our staff kept on looking for additional options.
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After looking at the issue of listing for quite a while, we have decided to forge a partnership with AZExchange. This may come as a surprise to many, but those who have read our white paper and understand the nature of our project as a community backed effort to clean up the space, will be able to see the value in choosing AZExchange. Nevertheless, we do owe the community a deeper explanation about why we forged a partnership with AZExchange.
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