Deadcoin Buy Outs
CoinJanitor is the first project in the space to buy out inactive cryptocurrencies or tokens to unlock the value left in them. Here are all the details you need to know to understand how this buy out process takes place. You can also follow our most recent buy out updates through the information below.
We have just completed our first buyout of Globycoin. If you are a holder please contact support to claim your tokens.
General Buy Out Instructions for Deadcoin Holders
If you are a deadcoin holder and CoinJanitor has bought your project out, please make sure you follow these instructions:
If you are new to the Ethereum/ERC20 ecosystem, make sure you load the address with some ETH before you attempt to use your JAN tokens. CoinJanitor tokens are on the Ethereum network. You can only pay for your transaction fees on the Ethereum network with ETH.
After the deadcoin buy out is completed, you will be a full member of the CoinJanitor community. You will be able to enjoy all the benefits that our community provides. Please share your thoughts with us on our Telegram channel, through email, Twitter or directly with our support team. We value your opinion and will consider your input in our future endeavors.
Deadcoin Buy Outs for Developers
If you are the developer of a project that has stalled, failed or is otherwise inactive, please contact us directly. We are interested in buying out your project and recycling all the value that is still locked within it. Keep in mind that we only use JAN tokens in any buy out.
What is a Cryptocurrency Buy Out?
A deadcoin buy out is a wholesale purchase of a cryptocurrency that has stalled, failed, or is otherwise inactive. CoinJanitor is the first project in the space to offer developers and holders of deadcoins a way out of their projects when they fail to succeed. The buy out involves the acquisition of all the target project’s assets, including websites, access to social media accounts, code, data, meta data and more.
In parallel, CoinJanitor will integrate all the users who were part of the deadcoin project, into the CoinJanitor community. Through a JAN pay out, CoinJanitor will swap all the coins that developers and community members have. All the coins that CoinJanitor buys, will be burnt or otherwise disposed of in a manner in which no one will be able to use them again. After the buy out deadline, CoinJanitor will proceed to dismantle all the infrastructure that supports the deadcoin it bought out. This will complete the process of decommissioning the deadcoin and will reduce dilution in the market.
Further Information About Deadcoin Buy Outs
If you are interested in getting more information about deadcoin buy outs, please subscribe to our newsletter, follow us on social media and join our Telegram channel.