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The Economy Always Needs A Janitor

Published 8 months ago

The Economy Always Needs A Janitor

Coin Idol via coinidol.com

CoinJanitor’s role is to take care of failed or dead coins, cleaning them up in a manner that restores their value into wider cryptocurrency markets. CoinJanitor works by selecting specific coins that have failed or are functionally dead; contacting creators and community members; buying their coins out with the CoinJanitor token allowing them to transfer their value into the markets; burning the coins it bought from these community members and manually decommissioning the blockchains of those dead or failed coins afterwards..

Let’s answer those questions in a succinct manner, one by one: CoinJanitor’s role is to take care of failed or dead coins , cleaning them up in a manner that restores their value into wider cryptocurrency markets. CoinJanitor is as relevant to cryptocurrency  markets as a janitor is relevant to a building because by restoring value locked in failed or dead coins it will reduce market dilution, which favors top ranked cryptocurrencies..

CoinJanitor works by selecting specific coins  that have failed or are functionally dead; contacting creators and community members; buying their coins out with the CoinJanitor token allowing them to transfer their value into the markets; burning the coins it bought from these community members and manually decommissioning the blockchains of those dead or failed coins afterwards. Holders of these coins cannot transfer that locked value into the markets, which takes away a source of growth from top ranked cryptocurrencies..

Once  CoinJanitor unlocks the value of these coins through a swap into its token , it will be creating a large community of users with a network effect. The answer lies, once again, in fundamental economic principles: CoinJanitor contributors will become an integral part of a fast-growing community  that amalgamates users from dead or failed coins throughout the market, creating a powerful network effect that adds value to the unlocked value coming from those dead or failed coins..

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