Riddance was born from witnessing a multitude of abandoned projects where communities were trying to take over to regain some value to their lost investments.
Developers abandoning projects are common occurrence in the blockchain space and can happen for multiple reasons (lack of funding, exit scams, personal issues or commitments). While the majority of coins have no real use case, some of these coins have an underlying potential to succeed with the correct team and funding.
Riddance aims to assist by providing funding viable, abandoned projects that show a strong community support in hope that the project can reach its true potential as well as return some value to initial project investors. This will be referred to as Riddance Revival. In circumstances where projects have a strong community, but it is viewed that the project has nothing unique to offer, Riddance would approach the community with an offer for a coin swap to Riddance coin. This will be referred to as Riddance Swaps.
Riddance Chain’s primary focus is to build and keep communities together to help them succeed, we believe that the value of blockchain technology is derived from the community that is willing to support it.