> Coinjanitor.io is a company with a mission of reducing cryptocurrency market dilution and restoring lost value to the crypto economy. This is achieved by providing the dead coin holders, community members and even the creators of these dead coins a buy-out or a way to join a project that has a network effect that the project the created or supported failed to achieve, Implementing a subsequent systematic burn of the coins bought out.

<center><img alt="" src="http://res.cloudinary.com/oracle-d/image/upload/v1542457287/nsw2gsfitwnymif70ype.jpg" ></center><div><h4>[Source](https://ethereumworldnews.com/wp-content/uploads/2018/04/CoinJanitor-Logo.jpg)</h4></div><div><h4>The Cryptocurrency Graveyard</h4></div>

The crypto world has witnessed more dead coins than the successful ones thereby constantly increasing the number of coins that end up in the cryptocurrency graveyard.

It is a fact that dead coins list around 800 tokens which will soon end up in the graveyard as a result of unfavourable competition while some don't have the ability to deliver their whitepaper promises. These high numbers are as a result of failed projects from different startups. These startups were able to raise Millions of dollars in funding during their initial coin offering but were unable to utilize the funds or make the projects survive. It is worthy of note that some of these projects might be fraud as said by Aaron Brown. Aaron Brown is an investor and a business author who writes for Bloomberg Prophets. He once said that "There has obviously been a lot of fraud and hype in the ICO Market." He also said that " I accept figures, I have seen that 80 Percent of ICOs were frauds, and 10 Percent lacked substance and failed shortly after raising money. Most of the remaining 10 Percent will probably fail as well."

One of the problems that most Projects have is the fact that they raise money without having an experienced development team or an actual product, All they have is a whitepaper with fake promises.

<div><h4>Blockchain Startups Vs Their Counterparts</h4></div>

It is sad to know that blockchain startups are performing worse than their counterparts in other industries. According to CB Insights's October report, among all the blockchain companies that received Initial funding in 2013 and 2014, Only 28 Percent has managed to raised additional funding. The opposite is the case in the Tech companies, Over 46 Percent of the Tech companies that had their initial funding were able to go for a second round while 14 Percent of the Tech companies even made it to the fourth round between 2008 and 2010.

Arieh Levi had this to say " I don't think we've found the killer app yet," He also said, " it just seems like there's been a lot of projects tried, but there aren't really many users of blockchain protocols beyond speculators and traders." Arieh Levi is an analyst at CB Insights.

<div><h4>Effects Of Failed Projects</h4></div>

Any failed project or dead coin always has an effect on the blockchain. Two major effects include the loss of money by the investor and The Lack of trust for similar projects that might come up at a later in the future. A clear example is that of BitConnect which saw a drastic shrink in its market cap from nearly 3 Billion Dollars to just about 4 Million Dollars.

Investors in BitConnect might have lost close to 500 Million Dollars, This kind of loss makes some investors lose faith in similar projects and the blockchain in general.

<div><h4>Coinjanitor.io Brings Hope</h4></div>

While people are lamenting over this ugly trend, A new breed of crypto enthusiast saw the opportunity in these failed coins and came up with a way to recycle these failed coins. This will help the investors recover some value in the failed coin and also help the developer see his dream come to actualization.

The Chief Executive Officer of Coinjanitor,  Marc Kenigsberg said " Every time we absorb a project, We have more audience and more marketing reach. Instead of Linear growth, We should hit some kind of hockey stick growth. All the tokens we get, We actually burn them. Turn off The entire Blockchain."

In order to achieve this, Coinjanitor has its own token which is expected to become a sort after token due to the important role it plays in recovering some value from dead coins.

We have seen instances were a dead project is brought back to life by some Dedicated Individuals.  Lucas Nuzzi made a point when he said "Last year, there were many instances where a project that was essentially ‘dead’ was picked up by a developer, who might have been passively mining it, and brought back to life, Out of nowhere, a new version would then come out and the price appreciated, regardless of the substance of the changes made by the developer. This has not happened frequently this year, and it’s hard to discern what are valid inflows versus potential spoofs." Lucas Nuzzi is the Director of Technology Research at Digital Asset Research.

Disclaimer: This post expresses my own view and is solely for informative and educative purpose.

Visit the links below to learn more about Coinjanitor.io

. [Project Website](https://www.coinjanitor.io/)

· [Products & Services](https://www.coinjanitor.io/#how-it-works)

· [Link to a press release](https://www.trustnodes.com/2018/04/27/press-release-coinjanitor-project-charge-cleaning-cryptocurrency-markets-dead-coins)

· [Next event](https://www.decentralized.com/)

· [Facebook](https://www.facebook.com/CoinJanitor-201490483964845/)

· [Medium](https://medium.com/@CoinJanitor)

· [Twitter](https://twitter.com/CoinJanitor)

References:

[Link 1](https://www.coinjanitor.io/)

[Link 2](https://www.bloomberg.com/news/articles/2018-06-28/crypto-coin-graveyard-fills-up-fast-as-icos-meet-their-demise)