Published On: Wed, Apr 11th, 2018

Is CoinJanitor an ICO or a Community Project?

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With more than 4,500 cryptocurrencies currently in circulation, many are bound to be functionally dead. This poses insurmountable challenges for users of such currencies, who are holding coins and tokens that cannot be used or traded. CoinJanitor – a community-driven project with high hopes of restoring the lost value for these users – has a solution that will benefit both dead coin holders and supporters across the space.
What is CoinJanitor Anyway?
CoinJanitor is a community-driven project which attempts to unlock the inaccessible value of so-called ‘dead coins’. While there is no commonly accepted definition for what a dead coin is, significant value remains trapped in projects which are not functioning, are not being maintained, or have a zero hash rate, producing no blocks in a couple of years, for example.
The plan is to generate a convertible asset that users who are in possession of failed cryptocurrencies can obtain in exchange for their ‘dead coins’. This would be the first and only asset in the market that was designed for the sole purpose of buying dead coins out.
The asset in question is the CoinJanitor (JAN) token. By exchanging dead coins for JAN tokens, users …

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