//CoinJanitor.io- Restoring lost/trapped value to Cryptocurrencies

CoinJanitor.io- Restoring lost/trapped value to Cryptocurrencies

I noticed that some coins were getting delisted from coinmarketcap.com and most times from exchanges as well.Why?They couldn’t meet the requirements to stay there(CMC or Exchange). These requirements include:+ Lack of trading volume * Loss of support from community*The project has been abandoned. + EtceteraThere are over 4500 cryptocurrencies that have been created and only 1400 have enough volume to be listed on CMC; over 2000 cant be traded or sold; and over 1000 have been abandoned or lost support.This represents a lot of trapped/lost value and users holding bags that are “effectively worthless”.This is where Coinjanitor comes into play. It is a community project that wants to restore lost value to the crypto economy.They provide an opportunity to convert these worthless coins/tokens into bitcoin, ethereum and other top cryptocurrencies using JAN tokens, thereby restoring more value to the crypto economy.Because they have made the tokens tradeable once again.They do this by profiling thousands of dead coins according to a set of criteria that they developed. And once they identify a viable project, the creator is contacted as well as the community. They are offered a cooperation. A buy-out program is set up. After the buy-out is done, Coinjanitor burns the acquired coins and reimburses the users with JAN tokens that can now be traded on exchanges.This will give the JAN tokens a lot of use cases as well as increasing demand for JAN tokens from the public. And most importantly, restoring value back to the crypto economy by recycling lost value invested into some of these dead/abandoned /delisted coins.This is a peculiar project and I’m sure it will be a good one. Coinjanitor needs all the support it can get;Both monetary support and support in finding these coins/tokens.Here is a video where the CEO explains the project in detail. https://youtu.be/faYtyzx_v5MYou can also visit their website here for more info.

I noticed that some coins were getting delisted from coinmarketcap.com and most times from exchanges as well.

Why?

They couldn't meet the requirements to stay there(CMC or Exchange). These requirements include:
+ Lack of trading volume * Loss of support from community
*The project has been abandoned. + Etcetera

There are over 4500 cryptocurrencies that have been created and only 1400 have enough volume to be listed on CMC; over 2000 cant be traded or sold; and over 1000 have been abandoned or lost support.

This represents a lot of trapped/lost value and users holding bags that are "effectively worthless".


This is where Coinjanitor comes into play. It is a community project that wants to restore lost value to the crypto economy.

They provide an opportunity to convert these worthless coins/tokens into bitcoin, ethereum and other top cryptocurrencies using JAN tokens, thereby restoring more value to the crypto economy.

Because they have made the tokens tradeable once again.

They do this by profiling thousands of dead coins according to a set of criteria that they developed. And once they identify a viable project, the creator is contacted as well as the community. They are offered a cooperation. A buy-out program is set up. After the buy-out is done, Coinjanitor burns the acquired coins and reimburses the users with JAN tokens that can now be traded on exchanges.

This will give the JAN tokens a lot of use cases as well as increasing demand for JAN tokens from the public. And most importantly, restoring value back to the crypto economy by recycling lost value invested into some of these dead/abandoned /delisted coins.

This is a peculiar project and I'm sure it will be a good one. Coinjanitor needs all the support it can get;Both monetary support and support in finding these coins/tokens.

Here is a video where the CEO explains the project in detail. https://youtu.be/faYtyzx_v5M

You can also visit their website here for more info.