Welcome to the CoinJanitor blog. Here you can expect to find our latest news and developments as well as our thoughts about the state of the market, altcoins, deadcoins and more.
We started the month of January 2020 with a long-awaited swap from a buyout that should have been completely finalized last year. The LENS buyout took quite a while to finalize just because that is the nature of the game; developers get our offers, they think about it, maybe they try to figure out a different solution. When they can’t find a different solution, they come back to us and the buyout moves ahead quickly.
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Buying out deadcoins is a serious endeavor. That doesn’t mean we cannot have a little fun here and there doing it. Our team decided to ease into the holiday mood and have some fun with a meme contest during December 2019. Community members put their creativity to work and used one of their referred images to communicate what they think about CoinJanitor. The results were very funny.
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We are proud to announce our fourth overall buyout: LENS an ERC20 project. This buyout has been in the works for a while now. The dev took his time to think about it and accepted the offer. We must point out that this is not only our first deadcoin buyout of 2020, but it is also the first one in which the devs decided to forgo any payment in favor of the community.
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Happy New Year fellow Janitors!
2019 was an incredible year for CoinJanitor! Our pioneering vision finally came to fruition thanks to the support of the community. Here are the main highlights that made this past year so special:
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November 2019 was an eventful month for CoinJanitor. We finalized the RELAY buyout and the swaps, using a shorter swapping window of 2 weeks. RELAY is the first Waves-based project that we buy out.
In the meantime, we have another 3 solid buyout leads that we hope will materialize during the month of December, so we can start 2020 with more than 5 buyouts already under our belt.
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It seems that our prospective buyouts are all newer projects. Although we expected to buy older PoW projects out first, we have gotten more interest from tokens. RELAY is the latest project that expressed interest in a buyout. This project is Waves-based, making it the first such project we buy. After our first ERC20, we were definitely ready for the challenge of buying a Waves project out, and we have done so successfully.
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We are proud to announce that CoinJanitor is now listed on BitSG. This Singapore-based exchange will give JAN holders a new channel to buy and sell their tokens in an entirely new way. The listing took place this past Wednesday, September 25th.
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It has been an eventful month for our team and our growing CoinJanitor community. There are a few updates that we would like to share with you regarding the work we did during August 2019. Most of you should know by now that the highlight for the month was the completion of yet another buyout with RxEAL. But there are a few other updates that most of you don’t know about. We would like to share those with you.
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The Initial Coin Offering market saw a lot of failures leading to calls of ICO scam and fraud. So what is CoinJanitor doing about it?
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When developers launch new coins, they rarely come out saying that they believe in cryptocurrencies that are already established. CoinJanitor is different in that one of its main pillars is to allow value trapped in deadcoins to flow to top ranked cryptocurrencies.
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