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We all heard about bitcoin and the intriguing (more like confusing?) technology behind it. That is great but how do you actually benefit from this new invention without becoming an expert in it?
A lot of people have been turned off by the layers of complexity required to understand the many hard to understand concepts and steps to buying, selling and storing cryptocurrency. Then there’s the memorizing all the passwords and security devices for exchanges, and the many keys and wallets required to ensure that your cryptocurrency is safe. You’re probably thinking to yourself that there must be a solution out there that simplifies this.
Well, there is! One such company is . By using their mobile app, you don’t have to deal with all the technical aspects of investing in crypto. All you need is to open an account with them and select the cryptocurrencies that you want to invest in. Their app balances high security standards, with ease of use – allowing users to invest in crypto with a click-of-a-button. In this era of technology, do we even expect any less? The app is actually a micro-investment platform similar to Acorns and Stash, allowing users to either automatically collect their spare change to invest or make recurring or one-time investment. The real value of the platform is actually allowing users to invest in cryptocurrency portfolios. In other words, you can invest just $5 in a portfolio of 10 different cryptocurrencies like bitcoin, Ethereum, etc. There is more! You can see what other users of the platform are investing in and copy their investment portfolio to be your own. Talk about growing together.
As promised in the title of this article, Coinseed deals with all the technical headaches of buying, selling, and storing of your cryptocurrencies (it’s all held within the platform) so that you can just keep tapping on your phone. This one feature alone extends Coinseed’s potential global market significantly – a market that is now downloading the app in large numbers. If that was not enough, Coinseed is offering $5 referral bonus!
Coinseed recently began a round of capital raising through an , after rolling out their finished app globally. “We’ve rolled out a constant stream of fresh features within the app and have also added a well rounded group of highly experienced advisors and team members. We are already profit positive and have over 10,000 users.” said co-founder Sukhbat Lkhagvadorj. Coinseed’s pre-ICO fundraising round came in at $200,000, and they are raising a further $10 million during their crowdsale that began on March 20th.
Contact address: ico.coinseed.co
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Blockchain is the new buzz word. Everyone seems to want one these days, but most of the blockchain projects out there fail. When these projects fail, what happens with them? How about all the people who put money, effort, commuting power or other resources into them?
is the first to look at these issues and offer a user-friendly solution that will recycle the value trapped in these failed blockchain projects. CoinJanitor refers to these failed projects as dead coins, and it has a clever system to deal with them.
Failed Blockchains and Dead Coins
Yet defining how a blockchain project looks like and what a dead coin is are not easy tasks. There is no consensus out there around these definitions. Therefore, CoinJanitor took on the issue and came up with its own definitions.
These failed projects or dead coins were basically abandoned by developers and community members, they were either delisted or they were never listed on an exchange, they have blockchains that do not comply with their own operational specifications, they did not achieve their goals, and can no longer be used to transfer value.
CoinJanitor suggests buying out these dead coin projects because they still hold value. The buy outs will allow CoinJanitor to integrate all these dead coin holders into a single project, creating network effect.
The buy out process will also allow CoinJanitor to study the code and the data within the blockchains and recycle what is useful from them. CoinJanitor will also control other assets after the buy out, like the dead coin’s marketing assets.
User Friendly Buy Outs
CoinJanitor will implement its buy outs in a user-friendly manner, reaching out to dead coin holders to swap their dead coins for JAN tokens – CoinJanitor’s indigenous cryptocurrency. After each buy out, CoinJanitor will burn the coins it bought to decommission those projects that are trapping value.
This allows the project to complete the cycle of dealing with a failed blockchain project, getting thousands of users, valuable data and other assets in return, as well as support from the community.
How Many Dead Coins Are There?
That might sound neat, but many people ask themselves if dead blockchain projects are that much of an issue to justify the existence of CoinJanitor. The short answer is that most blockchain projects fail, therefore there is a clear case for cleaning them up. The problem is quite deep, because there are more than 4,500 coins in circulation. In the words of Marc Kenigsberg, the CEO at CoinJanitor “Right now there are 4,500 coins in the market, only 1,500 of them have enough trading volume to be labeled active. This is a lot of trapped value that we can and will release with CoinJanitor to create a clean, functional and prosperous crypto market for everyone.”
More Details About CoinJanitor
These are some of the details about the coins that CoinJanitor will be targeting. The project will buy dead coins that comply with 4 basic features:
They are not listed on an exchange
They are PoW-based.
Their market cap is below $50,000 USD altogether.
They have been in the market for 2 years or more.
Benefits of the CoinJanitor platform
Many people can benefit from CoinJanitor’s work to clean up these failed blockchain projects:
The holders of dead coins are the most obvious winners because they will get a valuable token that can be traded, in exchange for their dead coins.
Supporters will benefit from the network effect that bringing all those thousands of dead coin holders under a single umbrella, will generate.
Everyone involved with the CoinJanitor community will benefit from the tools that the team will build using the code and data from these dead coins.
To learn more about the project visit , read the Join the project’s and interact directly with the team who is always eager to answer any question about the project. And follow CoinJanitor on .
Join the janitor the sale starts at May 1st and help spread the word about the world’s first project to take care of dead coins and failed blockchains and add value from buying them out!
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