CoinJanitor - The reviver of dead coins
CoinJanitor will pay users of dead coins for their useless coins, to bring them back into the market.
The cryptocurrency markets are full of coins ranging from Bitcoin, Ethereum and other anonymous coins. Unfortunately, majority of these anonymous coins have failed to attain their intended objectives due to one reason or the other. And as such, the holders of these coins are 'at bay' with them, and also the value trapped inside them. CoinJanitor in the history of cryptocurrency is the only platform that has the potency to change this situation for good.
The question is, how will this happen?
Firstly, CoinJanitor will buy the dead coins from the holders,
Secondly, after CoinJanitor has purchased these coins, it'll then restore the lost value in the coins,
And lastly, after CoinJanitor has restored the hidden assets in those coins, such as code, data and user details, it'll then assemble all those coins under its custody where they will ultimately create a dynamic network.
What are dead coins?
image source
Dead coins are crypto tokens that have lost its monetary value, or they could be seen as a coin that has been abandoned, no nodes, scam or lack of inadequate developers or investors. Here in the crypto-space, there are over 3,000+ dead coins (which I'll be listing a few of them below) doing nothing in the crypto economy.
OR
Dead coins could also be seen as a cryptocurrency token whose worth has dropped below a cent. When this happens, the token loses all its monetary value and they barely offer any convenient advantage. Most of these dead coins are often use by scammers to carry out their fraudulent activities, that's why I always recommend that before investing in any token, first do your own research about that coin before throwing some decent money into it.
In any given technology, especially the one that money is involved, there will always be an exploration from scammers and circuit breakers.
I've outlined quite a number of dead coins, lifespan and their founders below:
Bottlecaps
Lifespan: 2013-2013
Founder: Unknown9Coin
Lifespan: 2017-2018
Founder: UnknownAmericanCoin
Lifespan: 2013-2016
Founder: Lawrence RayBBQCoin
Lifespan: 2015-2015
Founder: CaptChaddQuartzCoin
Lifespan: 2017-2017
Founder: Hidden404Coin
Lifespan: 2016-2016
Founder: Unknown1Coin
Lifespan: 2014-2015
Founder: UnknownGolden Reward Token GRT
Lifespan: 2017-2018
Founder: UnknownCraftCoin
Lifespan: 2013-2016
Founder: Rex FreibergerFranko
Lifespan: 2013-2018
Founder: Christopher Franko
A Reminiscence Innovative Theory From The Early Cryptocurrency Adopters.
source
Marc Kensgsberg who has been a Bitcoin propagator since 2012 added that, no new technology will eventually become successful if they fail to adhere to the bell curve above. Judging from the above image, you'll realize that while investors and innovators are leading the pack, early adopters are following next, then the early majority, late majority and finally the laggards. The laggards are those who have little vision or no vision concerning any project or simply because the market no longer breeds what they used to have.
How Many Dead Coins Are There In The Crypto economy
Statistically, there are more of dead coins than the successful ones. The crypto space has over 4,500 crypto coins under its umbrella, out of this gigantic amount, over 3,000 of these coins are structurally dead. In fact, some of the thriving coins are in the process of dying. The reason why most of these coins die untimely death is due to the fact that they can't compete with other projects, we all know cryptocurrency is highly competitive and not all projects have what it takes to carry their own weight.
CoinJanitor Reprocesses Anything That Is Valuable
Some assigned members of the team will indulge in scouting for dead projects where the value and money invested on such coin is locked. CoinJanitor will unblock that value with the help of the JAN Token and will restore back to the crypto market where it was before.
Just like I said earlier, there are more than 4,500 crypto projects registered on the blockchain, and out of this gigantic figure, an estimated 50% aren't listed on any exchange platform.
Join The Janitor's Community!
Perhaps you're still not satisfied with the outlined information, you can have a look at their website at your leisure. The platform also has a telegram group where interested users are free to ask some questions. I'd recommend you take an intense look at this exceptional project together with all the benefits it has to offer. Join me and other Janitors and let's clean up the crypto space together in one accord.
DISCLAIMER
I am not a financial adviser, hence this article entails researched words and forward-looking statements. I sincerely recommend my readers to do their own research.
For more information and resources, please visit the links below: