CoinJanitor | Dealing with the communities from dead projects

Introduction

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For the past few days I have been providing insight about CoinJanitor, it has been explained that this project is planning to recover value from crypto projects that ended up failing, and whose users are now holding tokens with no monetary value whatsoever, the way CoinJanitor achieves this is by first conducting an intensive evaluation process where several aspects of the dead project are assessed with the hopes of finding something of value that could help the entire crypto community one way or another.

CoinJanitor has designed a procedure they always have to follow in order to give a fair evaluation to each project that comes their way, once they have decided to acquire one of these projects, the next step is to establish contact with all of the tokens holders, including of course, the owners of the projects and the active community members, once all of the details to take over the project are defined, CoinJanitor will then proceed to release every single one of the valuable assets for free so any individual or institutions can make good use of these digital creations.

This dynamic is at its very core one where collaboration between different projects is highly encouraged, and one where no one loses anything, in fact, the complete opposite happens, the holders of dead coins end up receiving some value for their assets, CoinJanitor’s influence and global recognition gets bigger, and the entire crypto community will now have new assets available for free that anyone can use for their projects, studies and research activities, in short words, with CoinJanitor everyone wins.

There is however, a particular area regarding the way CoinJanitor operates that has not been discussed so far, and this is why I wanted to write this article to bring some light into this particular topic.

How will CoinJanitor deal with the communities of dead crypto projects?

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It is clear that different projects will have different communities, which is why CoinJanitor came up with several types of communities they might encounter when dealing with a dead crypto project

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Cooperative communities that are united ^Source

It is clear that making the arrangements for acquiring an entire project must be something very challenging, there are always details that need to be cleared up before actually assuming total control over the assets of a particular coin.

There is the possibility of encountering a project whose community is not only active but is also united when it comes to taking important decisions, this might not be the most common case because after a project fails it is very likely for its community to end up very divided and with internal conflicts, but nevertheless, there might also be healthy communities that can easily come to a decision regarding in which terms is the project going to be sold.

It is important not to forget that these projects have zero market recognition and their tokens aren’t available on any exchange, so everything that CoinJanitor can offer to them can be seen as a precious gift, so if CoinJanitor is lucky enough to encounter a project with a united community, then the procedure to purchase the project should be very smooth with no complications whatsoever.

Coin communities that are split ^Source

When the community of a dead crypto project isn’t united but divided, then the process of acquiring said project might be more complicated, as I mentioned two paragraphs ago, once a project fails the most common thing will be to see its members having certain conflicts, resentment and even some hostility between themselves.

If CoinJanitor is facing a difficult situation with a divided community, they will simply explain them that what CoinJanitor is offering is a very unique opportunity to recover some monetary value from a project that ended up being worth zero according to the market, and with no chances of ever gaining back some recognition, CoinJanitor is basically rescuing them from a total loss, and since there will surely be other interesting dead crypto projects waiting to be acquired by CoinJanitor, the most interested party in making this transaction should be the dead project.

Therefore, the people at CoinJanitor will give them a certain time to make up their minds, either way, in case a project cannot be acquired, CoinJanitor will simply proceed to make contact with another different project and start the purchasing process with them.

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Coin owners that allow CoinJanitor to take over without community support ^Source

There is another possibility that can happen when dealing with divided communities, it might be the case that project owners are in favor of allowing CoinJanitor to take the control of the entire project, which will allow to mitigate the losses for any token holder, but it might happen that for some reason, the community is not in favor of allowing CoinJanitor to become the new owner of the valuable assets.

In this type of circumstance, even though CoinJanitor can very well proceed with the purchasing of the project despite the community being against it, and effectively taking control, in the long term this could create certain hostility with the people that were against CoinJanitor getting involved in the first place, so for this reason, these purchases will likely not happen, it will depend on each particular case, but the idea is that the entire community should be in favor of allowing CoinJanitor to acquire the project in order to proceed with the actual purchase.

Conclusion

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Dealing with the people in charge of dead projects, and offering valuable tokens for their assets that are currently not recognized by the market as something that holds monetary value, should be extremely easy and straightforward, because the people in charge of the dead projects will be monetizing some of their creation despite having no proper recognition from the market, there is no way they can lose with this type of transaction.

However, there might be cases where due to several complications, making a proper arrangement to allow CoinJanitor to take control over a project can become something quite difficult, in those cases, CoinJanitor will give the community of the dead crypto project some time to reach a consensus, but if this is not possible, then in most cases CoinJanitor will simply approach different projects that are available to be purchased with no complications.

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More information about this project can be found in the following links:

· Project Website: https://www.coinjanitor.io/

· Products & Services: https://www.coinjanitor.io/#how-it-works

· Link to a press release: https://www.trustnodes.com/2018/04/27/press-release-coinjanitor-project-charge-cleaning-cryptocurrency-markets-dead-coins

· Next event: https://www.decentralized.com

· Facebook: https://www.facebook.com/CoinJanitor-201490483964845/

· Medium: https://medium.com/@CoinJanitor

· Twitter: https://twitter.com/CoinJanitor

DISCLAIMER

The information contained within this post shall not be taken as a financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.