Coinjanitor; the project that will rescue failed cryptomes
With the popularity of cryptocurrencies, an endless number of digital coins have been created that are either abandoned or simply did not exist. Faced with this problem, the Coinjanitor project hopes to become the solution to these cryptocurrencies considered dead.
Through the official website of Coinjanitor, Marc Kenigsberg, founder of the project, explains how there is a large amount of unknown cryptoactives, "there are at least 4500 cryptocurrencies. Most of them can't be marketed or sold. In fact, only about 1400 cryptos are considered in the markets. Many of these no longer stand, are failed or dead projects. At the same time, he assures that if more than half of these digital currencies cannot be traded or sold, this will end up with a deterioration of the market in general because there is invested capital that does not move.
During 2017, investment in ICO's (Initial Currency Offer), a type of collection that aims to create new cryptocurrency, became popular. The problems that the ICOs have caused are due to the little regulation at the moment of supporting a project, being this activity profitable for the developers of the same one that can keep the money or simply stop giving support to the cryptocurrency realized.
The Coinjanitor project therefore attempts to market'dead' cryptomoney in order to revalue it and allow the people who invested in it to use it again. The project will also be managed through the Coinjanitor Tokens (JAN), which will allow the transaction and transfer of value, where the aim is to merge the dead communities into cryptocurrencies and reactivate them by "recycling" the failed coins.
This activity is expected to develop the basis for a new economy based on dead cryptomoney, which will be renewed under the name JAN as a sustained method for the recycling of cryptoactives. Coinjanitor's team explains that their motive is only to rescue the digital coins that are trapped or dead and that for this purpose they will be in charge of giving more functions to the JAN token with the intention of providing more effective tools for the fusion of communities with failed cryptos.
Marc Kenigsberg says that those interested in this project can help spread the benefits that the team offers. Finally, they will be able to contribute directly during the public sale to be held on May 1, 2018.
2017; the year of the ICO's
Kenigsberg's project may be a revolutionary idea in the blockchain industry where new cryptocurrencies are created every year. 2017 is the proof of this because it has been a year with a lot of movement in the ICO market.
More than $3.5 billion in initial currency offers were made in 2017, a huge amount considering that last year's collection was much lower. On average, the ICOs remained open for 24 days and raised nearly $15 million for the more than 200 new coins that came to life that year.
Ethereum was the favorite platform for ICO's developers to support their projects, and thanks to their intelligent contracts they were able to create projects like Electroneum. About 86% of the new currencies created in 2017 used ETH's P2P platform and only 4% used Wave's platform.
Not all ICO's were successful so there are a lot of new cryptos that can be revived by Kenigsberg's Coinjanitor project which can give a lot to talk about if successful.
Comment this post