Many people take a look at the CoinJanitor project and start asking themselves how will this project “make money”? Our answer to this question is that our aim is to clean up crypto by taking care of dead coins. Following that statement, some might lose interest in the project, because they see it as a coin that can only benefit holders of dead coins. We have spoken extensively about the benefits of CoinJanitor to every kind of community member and every potential participant, but we might need to take a step back and see things through the eyes of those who are interested in our project and are thinking about ways in which they can benefit, without necessarily seeing the project from our point of view. Therefore, we have decided to write a piece that focuses solely on the benefits to the CoinJanitor contributors who might not have any dead coin holdings. Our Project is Heavy on Economics The first message we want to convey to this group of people is that CoinJanitor is a project that focuses mainly on economics. We studied the incentives each actor/user has in the system, and we realized that we can create a unique scarce resource through our JAN token. People who hold dead coins and have no other recourse to put the value they invested in these dead coins to good use, will now have a way out through the deployment of the JAN token. There are no other tokens or projects in the market that are offering them a way out. Therefore:
- Demand for JAN buy-outs should be high.
- A limited amount of JAN tokens means with each buy-out that unique resource reserve we hold, dwindles.