CoinJanitor will be the world's first project to recycle coins that have failed on the market. By buying up worthless coins, CoinJanitor will give their holders the opportunity to get back some of their wasted investment and allow them to reuse the potential of these dead coins by creating new tools using data, code and other relevant assets.
The idea for this “overhaul” comes from a team of high-profile cryptocurrency specialists led by Mark Koenigsberg, a supporter and early holder of Bitcoin. Mark Koenigsberg, a gaming veteran and founder of BetChain, the world's largest Bitcoin casino, and Bitcoin Chaser, the world's largest Bitcoin news website, came up with the idea for CoinJanitor after discussing failed blockchain projects.
No one knows what happens when a blockchain project dies or how it happens. However, there are almost 3,000 such projects that can be recycled. There are currently more than 4,500 cryptocurrencies in circulation, but only about 1,500 are being sold, the rest are dead weight. This is more than 67% of existing coins, but not many people know about it.
Therefore, we need to rid the market of all these unnecessary coins, reduce the losses and disappointment of thousands of beginners and benefit by creating new tools.
That's why CoinJanitor will start buying worthless coins from holders to create tools and services through recycling, using their code, data on their blockchain, marketing and other assets.
According to http://thefintechtimes.com
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