Coinjanitor - Restoring Value to the Crypto Economy
Introduction
Over the past two years, ICOs have become prevalent and this can be seen through the high numbers of ICOs that have been launched in this year and some of these projects are thriving and doing very well. Despite the popularity and rise in several ICO projects, there has been a high rate of failed coins that are generated through the means of Initial Coin Offerings. Some of these coins failed due to lack of utility, and are not backed up by any product or service and could not comply with legal framework that is existing today.
The dead coins or inactive coins in the cryptocurrency market causes dilution in the whole market. Also, the emergence of other cryptocurrencies is leading to the reduction in the market cap of individual cryptocurrencies which makes it hard for alternative cryptocurrencies to have a foothold in the market. Due to the prevailing cryptocurrency market dilution and failed/dead coins, Coinjanitors was created to reduce this cryptocurrency dilution and restore value to the economy.
Most of these hundreds of projects that are now dead, were scam projects, that were created to take money from investor or just some developers trying to prove themselves because the products were never materialized. Reviews made by Dead Coins has shown a review of about 800 digital coins and tokens that are identified and considered dead. These coins/tokens have been delisted from exchanges, and are now worthless with prices worth less than one dollar ($1). A few of the coin/tokens are as listed below:
| Coins | Symbol | Link | Summary |
|---|---|---|---|
| HyperPay | HPY | hyperpay.tech | No connection with its product with an ugly wallet |
| Capital Expanse | CAPX | capitalexpanse.net | A Ponzi scheme lending token |
| Befund | bfdt | befund.io | scam |
| Artax | XAX | artaxcoin.org | Original Developers Abandoned the project after the appointed steering committee |
| Banxshares | Banx | banxshares.com | Mark Lyfords big 2015 exit scam |
| Bitconnect | BCC | bitconnect.co | A token used for the lending platform |
| DasCoin | DASC | dascoin.com | A Ponzi scheme masquerading as a cryptocurrency created by people |
| Paycent | PYN | paycent.com | Coin does nothing |
| ATMChain | ATM | atmchain.com | Monthly report page shows 404, a total scam |
There are many more coins that have failed to provide investors with return of investments, making initial Coin Offerings an incredibly risky investment, because the fraudulent act has increased in the cryptocurrency space. A record shows how an ICO scam project called "GIZA" which claimed to be a business startup with no prototype ran off with about two million dollars ($2 million) worth of investors money. However, the ICO & crowd funding space has a future.
Coinjanitor is a strategic partner with Dead Coins, and they have great plans to clean up the cryptocurrency community and eradicate all dead coins.
About Coinjanitor Project
Coinjanitor is a community ICO project that is aimed at restoring lost value to the crypto economy and cleaning out failed projects by providing creators and community members, cater for holders of failed/dead coins with a way to join projects that will achieve what those project were unable to implement.
The project is set to transform worthless and dead coins into valuable and useful tokens. It will also restore value to the cryptocurrency community and economy. It will do this by trading Coin Janitor Tokens (JAN) for the failed coins that are in possession by users, hereby burning the tokens and coins that they acquire.
About Marc Kenigsberg, (CEO of CoinJanitor)
Marc Kenigsberg is the founder and CEO of Coinjanitor who believes that cryptocurrencies need to be cleaned. Since the year 2013, Marc Kenigsberg has been an advocate for Bitcoin and cryptocurrency. He has 18 years experience in online marketing, and he is also one of the World largest cryptocurrency affiliates. He is an ICO advisor as well as an international speaker and a contributor to leading publications in the industry. He has firmly believed in the amazing power of blockchain and participated in ICOs such as Bankera and Vertex.
Marc kenigsberg is going to be a keynote speaker at Decentralized 2018 which is organized by the University of Nicosia (UNIC). The conference will be taking place on the 14-16th of November 2018 in Divani Caravel, Anthens, Greece. Marc kenigsberg will be among the over 70 speakers at the World-class summit which will focus on gaining knowledge about the political and business implication of the blockchain technology. This summit stands out as one of the top 5 blockchain summits in the whole wide world.
The University of Nicosia has involved a lot of effort in organizing this event, with cryptocurrency world leading projects like Bitshares, Pumapay, Microsoft, Excelon, Block Commerce, Bitcoin Cash, and United Coin as sponsors, also supported by MBA International, Global Training etc.
Conclusion
CoinJanitor is on a mission to clean out dead coins and failed ICOs that have increased especially in this year. CoinJanitor will restore value to the crypto economy by exchanging the coins and tokens for CoinJanitor coins (JAN). In order for users to benefit from this opportunity, there is need to join the CoinJanitor community today and spread words on social media platforms such as Twitter, Facebook, Youtube about the CoinJanitor Platform.
Coinjanitor Important Links For More Information
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.