CoinJanitor ICO and Token Sale Review
This project is one which hopes to have ever increasing potential as the number of coins in the crypto sector continues to increase over time. The purpose of the project is exactly as the name suggests, they intend to clean up many of the current non-functional or non-trading coins on the market.
With almost 4,500 coins now circulating and that number continuing to increase daily, there are a certain number of coins which have either been abandoned, became stuck in various stages of the exchange progress or are for unforeseen reasons, untradeable. This is where Coin Janitor and their JAN coin, hope to step in.
The company will take over any non-functioning coins and the many which are becoming bogged down in the exchange system for a variety of reasons. This will serve to accomplish a few things. Firstly, it will enable owners of these coins to retrieve some of their value. It will also greatly improve liquidity within the market once these redundant coins have been removed. Finally, it also hopes to relieve the ever-growing pressure on exchanges to keep pace with the flow of new coin launches.
The ICO is scheduled to run through the month of May and concluding on May 31st. The project itself has a hardcap of $7.5M and anything beyond this will be subject to a coin burn.
The project is accepting a wide range of coins as investment. These include, BTC, XMR, ETH, LTC, and fiat currency. The ICO which is based in Cyprus will be hoping to provide a much needed service and clean up in the long term as coin numbers continue to grow.
Residents of the United States will be restricted from investing in this particular ICO.
50% of the total supply of JAN will be available from the ICO with 30% set aside to buy failed coins and a further 10% going to the founders and team members.
The token will be known as JAN and the non-discounted price available at the ICO is $0.16USD per 1JAN. There will be a total coin supply of 100,000,000 if the ICO is fully sold.
This will be an interesting concept to those who are left holding many failed or abandoned coins. This currently applies to around 10% of the market.
- Start Date2018-05-01
- End Date2018-05-31
- Payment MethodBTCETHLTCFiat
- Total Supply50000000