Topic: [ANN] COINJANITOR[ICO] Do Dead Coins Go to Heaven? Or Do They Go To The Janitor? - page 19. (Read 3211 times)
April 02, 2018, 05:36:58 AM
Check out Brokaines Review about CoinJanitor: https://m.youtube.com/watch?v=k8-9QpCmPCg
April 02, 2018, 05:09:29 AM
Hey guys
What do you think about the project?
Do you think the description is better or still too lengthy?
Thanks.
What do you think about the project?
Do you think the description is better or still too lengthy?
Thanks.
March 27, 2018, 12:08:44 PM
Bitcoin Garden: Did You know There Are More Than 4,500 Cryptocurrencies Already?
https://bitcoingarden.org/did-you-know-there-are-more-than-4500-cryptocurrencies-already/
Just a little over 9 years ago, the first Bitcoin was mined. The world was busy with one of the most gruesome economic meltdowns in history, so it took us years to discover the invention that turned into the frenzy of the century. Now, almost 10 years after Satoshi Nakamoto published his white paper, the asset that just a few people in a closely-knit mailing list knew about, spawned an explosion of digital assets that no one would have been able to foresee. With ICOs adding more crypto assets to the market on a daily basis, it is hard to keep an updated count of how many are out there. There are more than 4,500 coins and tokens in circulation, challenging what we thought we knew about cryptocurrency markets.
Anyone would think that the 1,500 or so coins listed on coinmarketcap.com make up the market, but this is not accurate. Many more coins are hiding somewhere in a dark corner of the web, waiting to be dusted, and that is just the tip of the iceberg. The dearth of information about cryptocurrencies is greater than we thought. In fact, for every well-known cryptocurrency, there might be hundreds of unknown ones, which forces us to think about other information that we might be missing....
https://bitcoingarden.org/did-you-know-there-are-more-than-4500-cryptocurrencies-already/
Just a little over 9 years ago, the first Bitcoin was mined. The world was busy with one of the most gruesome economic meltdowns in history, so it took us years to discover the invention that turned into the frenzy of the century. Now, almost 10 years after Satoshi Nakamoto published his white paper, the asset that just a few people in a closely-knit mailing list knew about, spawned an explosion of digital assets that no one would have been able to foresee. With ICOs adding more crypto assets to the market on a daily basis, it is hard to keep an updated count of how many are out there. There are more than 4,500 coins and tokens in circulation, challenging what we thought we knew about cryptocurrency markets.
Anyone would think that the 1,500 or so coins listed on coinmarketcap.com make up the market, but this is not accurate. Many more coins are hiding somewhere in a dark corner of the web, waiting to be dusted, and that is just the tip of the iceberg. The dearth of information about cryptocurrencies is greater than we thought. In fact, for every well-known cryptocurrency, there might be hundreds of unknown ones, which forces us to think about other information that we might be missing....
March 27, 2018, 03:43:13 AM
Awesome Project..All the best.
Thanks for the feedback! Join our community today.
March 23, 2018, 07:18:43 PM
Too wordy a description, guys. Could you make it more readable? I got trapped by the concept, but it's so pleonastic 
March 22, 2018, 08:12:10 AM
Awesome Project..All the best.
March 20, 2018, 12:35:00 PM
Bitcoin Garden | CoinJanitor: Do Dead Coins Go to Heaven? Or Do They Go To The Janitor?
https://bitcoingarden.org/coinjanitor-do-dead-coins-go-to-heaven-or-do-they-go-to-the-janitor/
CoinJanitor is a community-driven project that aims to unlock value trapped in failed coins. With more than 4,500 cryptocurrencies in circulation, and only about 1,500 available on major exchanges, there are thousands of coins that are holding value up in a way that cannot be transferred into the markets. Furthermore, many of these projects have failed to achieve their goals or have failed to achieve the network effect they needed to thrive. CoinJanitor will offer users, creators and community members who have trapped value in those projects, a way to transfer their value out of those blockchains.
We speak about trapped value in failed coins because people have invested time, money, computing power and other resources in these projects. That investment did not achieve the desired goals, but it still created a community that was united in its pursuit of a specific goal. Failure to achieve that goal does not eliminate the value in the project, although it diminishes it. When a project’s value is diminished beyond a certain point, the invisible hand of the market relegates the whole project to oblivion. As demand for those currencies drops, so does their price and the ability of their users to exchange them for more valuable coins at any exchange rate. This process effectively pushes both users and value out of the markets, trapping the value they have created in such a way that it cannot be transferred back into the markets....
https://bitcoingarden.org/coinjanitor-do-dead-coins-go-to-heaven-or-do-they-go-to-the-janitor/
CoinJanitor is a community-driven project that aims to unlock value trapped in failed coins. With more than 4,500 cryptocurrencies in circulation, and only about 1,500 available on major exchanges, there are thousands of coins that are holding value up in a way that cannot be transferred into the markets. Furthermore, many of these projects have failed to achieve their goals or have failed to achieve the network effect they needed to thrive. CoinJanitor will offer users, creators and community members who have trapped value in those projects, a way to transfer their value out of those blockchains.
We speak about trapped value in failed coins because people have invested time, money, computing power and other resources in these projects. That investment did not achieve the desired goals, but it still created a community that was united in its pursuit of a specific goal. Failure to achieve that goal does not eliminate the value in the project, although it diminishes it. When a project’s value is diminished beyond a certain point, the invisible hand of the market relegates the whole project to oblivion. As demand for those currencies drops, so does their price and the ability of their users to exchange them for more valuable coins at any exchange rate. This process effectively pushes both users and value out of the markets, trapping the value they have created in such a way that it cannot be transferred back into the markets....
March 19, 2018, 08:16:45 AM
i think coinjanitor will be in top into cryptowold,its just like affordable coin that many people want it.to the moon it guys
Thank you for the kind words!
March 16, 2018, 05:25:04 AM
i think coinjanitor will be in top into cryptowold,its just like affordable coin that many people want it.to the moon it guys
March 16, 2018, 12:18:38 AM
IT is a tectonic effect each one of us who realy give support from this project im also one of this project buy promoting this development more update and recycle value back into the market. And we do this by paying users of old coins to aims cleanup cryptocurrency and strengthen Bitcoin by being the FIRST coin to absorb failed crypto in doing buy CoinJanitor . realy nice project keep it up!....
March 10, 2018, 12:30:55 PM
Thanks for the feedback.
We are very serious about the project.
We moved the thread and are adjusting the ANN now.
Thanks!
We are very serious about the project.
We moved the thread and are adjusting the ANN now.
Thanks!
March 09, 2018, 05:46:12 PM
I'm happy to announce that our bounty is program is live!
You can see the programs and terms on this thread https://bitcointalksearch.org/topic/ico-bounty-coinjanitorio-3094537
2.5M tokens are being awarded, so go claim some JAN tokens today.
You can see the programs and terms on this thread https://bitcointalksearch.org/topic/ico-bounty-coinjanitorio-3094537
2.5M tokens are being awarded, so go claim some JAN tokens today.
Your bounty program should be moved to the bounty board as bounties has their own board. And while you're at it, delete the "ANN" word from its title as it's a little bit misleading, this is the ann, not that one.
Also, if you don't mind and if you're really serious with your project, can you please, please, please, do something with your ann, it's overpopulated with words that I lost interest in the middle of my attempt to read them all. Twice.
March 09, 2018, 03:52:52 PM
I'm happy to announce that our bounty is program is live!
You can see the programs and terms on this thread https://bitcointalksearch.org/topic/ico-bounty-coinjanitorio-3094537
2.5M tokens are being awarded, so go claim some JAN tokens today.
You can see the programs and terms on this thread https://bitcointalksearch.org/topic/ico-bounty-coinjanitorio-3094537
2.5M tokens are being awarded, so go claim some JAN tokens today.
March 07, 2018, 03:44:18 AM
Read our latest article on medium: https://medium.com/@CoinJanitor/what-does-the-cryptocurrency-market-want-634935817fd1?source=linkShare-65daaa29e8fc-1520412113
March 06, 2018, 11:50:03 AM
Thoughts guys on the above?
Have you guys read the white paper?
Thanks!
Have you guys read the white paper?
Thanks!
March 05, 2018, 09:59:48 AM
Thanks for the questions.
You've raised some great ones and there are a whole lot more.
As long as a project owner is contactable the rest is doable.
In cases where they are not there is no much to do for the moment.
All swaps will be done manually at this stage so it's literally one person to person.
In terms of dumping.
The entire market cap of these coins is less than 50k. We will not manage to swap all in the first go so entire available pressure for selling assuming all users dump will be quite a bit less than 50k.
One coin at a time I don't think this is a material amount of sell pressure for our token especially when compared with the extra media and social coverage we should get per swap.
I'm going to start doing some interviews and AMAs soon to address some of these questions.
If anyone wants to have a discussion on their platform let me know.
In the meantime have a look at our white paper where some of these questions are answered.
And you can join our telegram and obviously keep speaking here.
I love these discussions and am sure we will get great points raised by the community here.
https://t.me/CoinJanitor
You've raised some great ones and there are a whole lot more.
As long as a project owner is contactable the rest is doable.
In cases where they are not there is no much to do for the moment.
All swaps will be done manually at this stage so it's literally one person to person.
In terms of dumping.
The entire market cap of these coins is less than 50k. We will not manage to swap all in the first go so entire available pressure for selling assuming all users dump will be quite a bit less than 50k.
One coin at a time I don't think this is a material amount of sell pressure for our token especially when compared with the extra media and social coverage we should get per swap.
I'm going to start doing some interviews and AMAs soon to address some of these questions.
If anyone wants to have a discussion on their platform let me know.
In the meantime have a look at our white paper where some of these questions are answered.
And you can join our telegram and obviously keep speaking here.
I love these discussions and am sure we will get great points raised by the community here.
https://t.me/CoinJanitor
March 04, 2018, 07:37:09 PM
I'm also interested in more details on the selection process for coins you swap. You talk about getting permission from devs or communities, but dead coins typically are dead because the dev left or the community fizzled out (or both). What do you do if you can't get in touch with the dev, and there is no clear community leader because the community is either too small or nonexistent?
Take Cagecoin for example - there are no devs and it is not listed on any exchanges, but there are a handful of community members and I really doubt they'd agree to hand over the coin to you. So even though it is dead, I assume you'd have to pass on swapping it.
Then there is Gopnik coin, which has a dev but no exchanges and no roadmap, and the community has given up on that project going anywhere despite the developer giving excuses and promising that things will happen eventually. I assume you'd have to pass on this one too.
So really, I'm not sure what coins you could successfully swap.
Take Cagecoin for example - there are no devs and it is not listed on any exchanges, but there are a handful of community members and I really doubt they'd agree to hand over the coin to you. So even though it is dead, I assume you'd have to pass on swapping it.
Then there is Gopnik coin, which has a dev but no exchanges and no roadmap, and the community has given up on that project going anywhere despite the developer giving excuses and promising that things will happen eventually. I assume you'd have to pass on this one too.
So really, I'm not sure what coins you could successfully swap.
March 04, 2018, 07:27:45 PM
Thanks for pointing that out.
BARR project was different as I understand it as it focused on coins that were listed whereas we are specifically targeting delisted coins.
Point taken though I will be more careful about messaging.
What do you think about the idea of targeting delisted coins?
And are you aware of any projects that tried.
I have seen people try and list them but I am not aware of any one trying to absorb them.
Thanks
BARR project was different as I understand it as it focused on coins that were listed whereas we are specifically targeting delisted coins.
Point taken though I will be more careful about messaging.
What do you think about the idea of targeting delisted coins?
And are you aware of any projects that tried.
I have seen people try and list them but I am not aware of any one trying to absorb them.
Thanks
No worries, that project was a long time ago, and doesn't come up if you search things like "dead coin swap". I had randomly seen the old ANN months ago, and it came to mind when I saw your project. And you're right, their project wasn't necessarily geared towards dead coins, but more reduction of supply on certain coins.
I think this is really interesting, although I am curious how you plan on sustaining the value of your token. My assumption would be that all those people that want to swap their old coins would be most interested in immediately dumping your token for a coin like BTC, which would crash the price every time you did a swap. I would think you'd need to incentivize holding your token somehow.
March 04, 2018, 08:05:17 AM
Thanks for pointing that out.
BARR project was different as I understand it as it focused on coins that were listed whereas we are specifically targeting delisted coins.
Point taken though I will be more careful about messaging.
What do you think about the idea of targeting delisted coins?
And are you aware of any projects that tried.
I have seen people try and list them but I am not aware of any one trying to absorb them.
Thanks
BARR project was different as I understand it as it focused on coins that were listed whereas we are specifically targeting delisted coins.
Point taken though I will be more careful about messaging.
What do you think about the idea of targeting delisted coins?
And are you aware of any projects that tried.
I have seen people try and list them but I am not aware of any one trying to absorb them.
Thanks
March 03, 2018, 07:10:07 PM
It is an idea that has never been tried before
Eh, not quite. https://bitcointalksearch.org/topic/ann-barr-the-only-cryptocurrency-where-no-ones-ever-lost-money-1219460
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