Marc Kenigsberg, the founder and CEO of CoinJanitor, explains how this project recycles the value of failed tokens and creates a healthy crypto marketplace.

CoinJanitor is a unique community project that sweeps up inactive coins and pays users to trade them in, thus returning the trapped value to dead coins that are no longer supported or developed. It also monitors the health of different projects in the crypto space, and provides APIs for these data to be used on other platforms.

As Marc Kenigsberg explains, in today’s crypto market there are thousands of coins, out of which more than half cannot be traded or sold. CoinJanitor plans to buy out some of these failed coins using their own JAN token, and enable converting them to Bitcoin or other leading cryptocurrencies in order to restore some of their value. CoinJanitor will onboard the whole communities of coin holders onto their platform and create a network of users who can then help recycle even more projects back into the crypto economy.

Roadmap and Partnerships:

The public sale of JAN tokens started on May 1st and will end on May 31st 2018. The hard cap they are going after is 7.5 million USD. CoinJanitor’s next step is to list on the exchanges in June 2018 and do the first token swaps. In the following 6 months they are planning to release public data and provide APIs into health metrics for various crypto projects.

CoinJanitor has established some interesting partnerships with Blue Chip Vision, ICOmint, Dead Coins and other companies.

They have a new partnership in place with CoSyndicate crypto investment platform to share and monitor data on the health of the projects that come through CoSyndicate. This will enable CoSyndicate users to see how well the projects they invested in are doing over time.

Resources:

*CoinJanitor website
*CoSyndicate crypto investment platform
*Crypto Radio’s Founders Series