CoinJanitor - Benefits Of Being A JAN Holder

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Basically, as cryptocurrencies are widely adopted across different parts of the world, interested firms and individuals should be keeping a close eye on how this mechanism advances together with its benefit to the masses. Every day new projects are developed on the blockchain with an intended objective, sadly these projects fail to deliver their intended purpose for one reason or the other. For this reason, they're pushed to the wall with one unanswered question — who's going to save us from this misfortune— Read through and I'll show you how this dead projects can bounce back to life.

FRAGILITY IS THE QUALITY OF THINGS THAT ARE VULNERABLE TO VOLATILITY source

Every blessed day, a new technology is discovered.Each of these discoveries is created to solve one problem or the other. The same thing is applicable here in the crypto-space, new currencies and projects are created on a daily basis. To an extent, it's good news and to a larger extent, it's bad news altogether. Its bad news in the sense that most of the newly developed currencies have failed to deliver the promised value leading to a huge loss for the holder as well as the cryptocurrency markets where it is listed.

Additionally, the prompt rise in the value of Bitcoin together with other coins has apparently attracted additional capital into the cryptocurrency market. However, the creation of new cryptocurrencies have been taken off the roof. As individuals are creating a new coin whenever they wish, most of these projects are bound to be unsuccessful. The core value for these coins has failed to deliver to the masses, while many have been delisted from crypto exchanges and even on the popular coinmarketcap.com.

⛔ The problem behind these failed projects

Presently, there are lots of cryptocurrencies available in the crypto-space more than we realize. Research has showed us that there are over 4,500 cryptocurrencies in circulation, and approximately 60% are functionally dead or off less or no value at all.

In this 4500, only about 1400 are traded on exchanges and listed on Coinmarketcap.com because they have sufficient volume; Over 2000 cant be traded or sold; over 1000 have been abandoned or lost support.

Amazed at the huge number right?

Judging from the statistics above, the outlined figures portray a lot of hidden or lost value. The victims of these feigned coins have their money trapped in an asset that ultimately has no room for trading or selling at the time the user wishes. Cryptocurrency markets aren't exempted from this dilution, they suffer some significant predicament as well. Some of the problems cryptocurrencies market faces are reputational issues and other hidden quandaries due to the fact that they hold unstable coins.

Without the counterbalance of a threshold of utility, resources will be lost and the market will be weakened over time.

Majority of these cryptocurrencies have licit intentions and objectives to solve real time problems. In fact, the founders and their supporters believe the project wholeheartedly, sadly it just fails along the line. This pus both the founders and the team in general into a state of confusion. However, only a small percentage of other cryptocurrencies are able to deliver their intended goal to solve the real time problems as well as deliver true value to their users.

With the outlined problems listed above, the goal is to restore trapped value to those dead coins, thereby strengthening the cryptocurrency markets at large.

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⛔ Benefits of being a JAN holder

As the usefulness of the CoinJanitor continues to thrive through the crypto sphere, there are benefits attached to the holders of CoinJanitor token (JAN). Categorically, there are 3 main benefits when we purchase and hold the JAN token. :

High demand - Since CoinJanitor involves the buying of dead coins in the crypto-space, the question I ask my self is 'how do they generate revenue from this exercise'. After reading their white paper I realized the answer to my question is; the scarcity of their native currency (JAN token).

Considering the fact that out of 4,500 cryptocurrencies available, 3,000 can't be traded on any exchange. So, therefore, consolidating these dead coins will only be possible through a buy out by an appropriate resource — the JAN token — the only token that has the potency to do that. Integrating a token that has the potency to buy all other dead coins, there should be a high demand for such a token.

Network effect - As soon as the token is utilized, the motive to exchange coins for JAN tokens will then be obvious. However, as more and more coins are bought using the JAN token, Jan will decrease while the demand will still be high. Due to the fact that buying out dead coins will ultimately breed more resources into the CoinJanitor biosphere, its community will grow extensively in the long run.
Tools and Resources - Pioneering the creation of an initiative that is the first of its kind. CoinJanitor will access all the data as well as the resources and tools the platform will integrate from the dead coin projects.

CoinJanitor plays a crucial role in the crypto-space, recycling dead coins as well as unlocking their trapped value will definitely advance the crypto economy. In the coming years, there won't be any dead coins in the crypto economy with the range at which CoinJanitor is recycling these useless coins.