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Topic: Cryptsy coin sponsor program (Read 317 times)

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Activity: 826
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@Bit_John
September 24, 2015, 11:39:53 PM
#1
Recently Cryptsy released its coin sponsor program .It has brought new life to some older coins, and markets. It is essentially crowdfunded advertising for any coin we trade on the exchange.

Check it out and give it a try https://www.cryptsy.com/coinsponsors

Quote
Cryptsy's Coin Sponsor program gives the ability for a coin to be spotlighted on Cryptsy. To determine which coins are spotlighted at any given time a bidding process is used. Each coin is given a bitcoin address. Users can send bitcoin to a coins address to move it up the list. The top 4 coins on the bidding list are spotlighted as long as they remain in the top 4.

The balance of the spotlighted coins depreciates. Every 5 minutes 0.00034722 BTC is deducted from the address’s balance. If a coin drops out of the spolight position the deductions stop. For this reason the balance of an address on the blockchain can not be used to determine a coins position on the vote list. The current balance of a coins address will be displayed on the bid list.
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