How It Works

Project Overview

Marc Kenigsberg explains how the CoinJanitor project works and what we hope to achieve.

Why It's Great To Be A JAN Holder

High Demand

They will hold a scarce resource, the only one in the market that can be used to buy out dead coins and unlock value trapped in them to make it flow back into the cryptocurrency market.

Network Effect

The amalgamation of dead coin communities and other dead coin assets under a single roof – the CoinJanitor project.

Tools and Resources

Access to all CoinJanitors data, together with the tools and resources that CoinJanitor will develop from its research and the assets it integrates from dead coin projects.

Benefits

There are 4 main groups of people who will benefit from the CoinJanitor project.

People may belong to more than one of these groups simultaneously, which means they will enjoy the benefits on every group they’re in. The following are the groups of people who will benefit from the CoinJanitor project and how they will benefit:

Users of Failed Coins

They will benefit from the opportunity to get value back from coins that cannot be sold. They will also benefit from joining a community that will grow exponentially as CoinJanitor continues to amalgamate communities of other failed coins that are otherwise cut-off from the markets.

CoinJanitor Users

They will benefit from the creation of a new economy that wouldn’t exist otherwise. This economy is based on unlocking value trapped in failed coins and achieving a network effect by amalgamating the communities of these failed coins into a single one.

Project Creators

They will benefit from creating an unprecedented project in the space, opening a debate that cryptocurrency enthusiasts should have about the best way to deal with failed coins, and the privilege of leading a newly created community with the development of more tools that will be useful to cryptocurrency enthusiasts and markets across the board.

The Market

Cryptocurrency markets will benefit from 2 positive externalities that the CoinJanitor project will produce: the reduction of dilution in the markets through the decommissioning of blockchains that trap value, and the ability of CoinJanitor to become a vehicle through which the trapped value can be transferred elsewhere in the market.