TickerCRYPTSY
NameCryptsy.com Exchange Fee Revenue Share
Listed onOctober 23, 2013 04:05
Owner[email protected]
Fee surcharge [%]0.0%
Shares issued100,000
Shares held publicly7,365
Total dividends paid112.60015603 BTC
Web pagehttps://www.cryptsy.com
Security type Shares
RatingWhite
Description:
Cryptsy offers shares of the Cryptsy exchange trading fees in a revenue share agreement.

Cryptsy will offer 100,000 non-dilutable fee shares for a price of 0.05 BTC per share at IPO.

Each share represents 0.0002% of the trade fees collected.  For example, if Cryptsy collects 100 BTC in trade revenue, each share would receive 0.0002 BTC.

Dividends will automatically appear in shareholders’ CryptoStocks accounts every Friday around 17:00 EST.  

Why is Cryptsy Raising These Funds?

We are seeking capital to help us fulfill regulatory compliance and file licenses in all the US States which require us to be registered as an MSB.   It is estimated that this process will require around $1M in capital.   Fulfilling these requirements will allow us to offer Fiat Currency on our exchange.   We currently only trade in Crypto-Currency to Crypto-Currency pairs.

What does the future hold for Cryptsy?

Offering Fiat in our exchange will rapidly increase our trading fee income, which would also be passed along to the shareholders.   

We currently are collecting in fees over 100 BTC per month.    We estimate that by bringing Fiat currency to the exchange we will increase our revenue by 10-20 fold almost instantly (within 90 days to allow for licensing).   This equates to fee income of 1000 to 2000 BTC per month within 90 days and increasing as more users migrate from other services.   At 2000 BTC monthly income, each share would receive 0.004 BTC per month - which would give a full return on investment within 1 year.

We currency have over 13,000 users, and over 3,500 users in the United States.  A very large portion of our user base has expressed that we would be their exclusive exchange once we begin offering Fiat currency exchange.

Is this offering required by Cryptsy to get Fiat Currency listed?

No.  This will just speed up the process.   We are already in the process of our first state application (Florida).  We expect to be licensed in Florida within 30-90 days.  There is an enormous amount of paperwork involved in the process.   Here are some of the things we are doing now:

- Register with FinCEN (Done)
- Create a company AML program (Done - currently being reviewed by legal)
- Open an MSB bank account.  These are special bank accounts required for companies engaging in MSB activity.  (In Process - Expected to be done within 30 days)
- Have our financials audited by a 3rd party CPA (In process)
- Meet minimum net worth requirements for state licensing (We currently meet this minimum for most states.  There are a small number of states, such as California, that require a $500k minimum net worth - which we have not yet met)
- File application in first state (Florida) - We are currently waiting on audited financials and final draft of the AML program before filing.
- Once we have been approved in Florida, it will then be easier for us to follow with filing in the other states that require it.   I believe in all there are 43 states that require licensing.  If we raise enough capital, then we will be able to file all states concurrently.

Is Cryptsy seeking other methods of funding?

Yes.  We are also looking at more traditional methods of funding from private individuals and firms.   We are not, however, looking at making any "shark tank" type of deals.

Will Cryptsy ever perform any kind of buy-back program?

It is very likely that 6 months to 1 year down the road we will buy back some shares in order to increase our retained earnings.  This will only apply to those shareholders who actually wish to sell.

Where is Cryptsy located?

We are located in Delray Beach, Florida, USA.   See our "About Us" page on our website for our physical address.

How do I know if Cryptsy is paying out the correct dividends?

Our API can provide you with trade activity.  You can use this information to calculate for yourself what the collected trade fees where if you are in doubt.

Why didn't you list "Fee Shares" on your own exchange as some other sites have?

Because we are located in the US, we must comply with US laws.   Offering a securities exchange on our website would place us under SEC rules, and that is just not something we want to deal with right now.

Is there a time limit on the IPO shares?

I will likely retract any unsold shares after 30 days.  So get them now instead of waiting.

When is the first payout?

The first dividend payout will be October 25th.

Do we get more of the dividend if not all the shares are purchased?

No.   However I will likely give bonus dividends to early buyers in appreciation.
Buy orders (BTC)
Price Quantity Amount
0.028833170.490161
0.028830601.729800
0.02700010.027000
0.02200010.022000
0.020000220.440000
0.01740010.017400
0.01730010.017300
0.01720010.017200
0.01610010.016100
0.01510010.015100
Sell orders (BTC)
Price Quantity Amount
0.03799910.037999
0.03800010.038000
0.03850010.038500
0.03900010.039000
0.03916090.352440
0.03917110.039171
0.03918410.039184
0.03920010.039200
0.03950010.039500
0.03999610.039996
Date Type Price Quantity Amount
July 27, 2015 03:58Sell0.02880010.028800BTC
July 26, 2015 20:47Sell0.02950010.029500BTC
July 26, 2015 04:00Sell0.02880080.230400BTC
July 26, 2015 04:00Sell0.02900010.029000BTC
July 26, 2015 04:00Sell0.02902010.029020BTC
July 26, 2015 04:00Sell0.02903020.058060BTC
July 26, 2015 04:00Sell0.02903110.029031BTC
July 26, 2015 04:00Sell0.02903210.029032BTC
July 26, 2015 04:00Sell0.02972510.029725BTC
July 26, 2015 04:00Sell0.02972740.118908BTC
July 26, 2015 04:00Sell0.02972830.089184BTC
July 26, 2015 04:00Sell0.02972950.148645BTC
July 26, 2015 04:00Sell0.02973030.089190BTC
July 26, 2015 04:00Sell0.02973140.118924BTC
July 26, 2015 04:00Sell0.02973230.089196BTC
July 26, 2015 03:59Sell0.02973330.089199BTC
July 26, 2015 03:57Sell0.02973550.148675BTC
July 12, 2015 14:57Sell0.02903230.087096BTC
July 12, 2015 14:57Sell0.02903510.029035BTC
July 12, 2015 14:57Sell0.02905070.203350BTC
July 12, 2015 14:56Sell0.02905310.029053BTC
July 12, 2015 05:34Sell0.03000210.030002BTC
July 12, 2015 05:34Sell0.03001570.210105BTC
July 12, 2015 05:34Sell0.03002020.060040BTC
July 12, 2015 05:34Sell0.03100040.124000BTC
July 12, 2015 05:34Sell0.03200020.064000BTC
July 12, 2015 05:34Sell0.03500010.035000BTC
July 10, 2015 13:19Sell0.03125310.031253BTC
July 06, 2015 22:25Sell0.03130020.062600BTC
July 06, 2015 22:25Sell0.03200010.032000BTC
July 06, 2015 22:25Sell0.03210010.032100BTC
July 06, 2015 22:25Sell0.03215050.160750BTC
July 06, 2015 22:25Sell0.03215110.032151BTC
July 06, 2015 02:32Buy0.04000010.040000BTC
June 30, 2015 19:49Buy0.04070010.040700BTC
June 30, 2015 19:49Buy0.04000010.040000BTC
June 30, 2015 19:49Buy0.03999910.039999BTC
June 28, 2015 06:55Sell0.02900010.029000BTC
June 28, 2015 06:55Sell0.03000090.270000BTC
June 28, 2015 06:53Sell0.03000050.150000BTC
June 28, 2015 06:53Sell0.03000010.030000BTC
June 28, 2015 06:53Sell0.03000110.030001BTC
June 28, 2015 06:53Sell0.03100010.031000BTC
June 28, 2015 06:53Sell0.03200010.032000BTC
June 28, 2015 06:53Sell0.03200010.032000BTC
June 28, 2015 06:53Sell0.03200010.032000BTC
June 28, 2015 06:53Sell0.03300010.033000BTC
June 28, 2015 06:53Sell0.03400010.034000BTC
June 28, 2015 06:53Sell0.03500070.245000BTC
June 28, 2015 05:55Sell0.03500030.105000BTC
Issue Date Number of shares
23 Oct 04:13 100,000
Date Total dividend Number of shares Dividend per share
20 Apr 16:29 6.03694320 7,365 0.00081968 BTC
03 Feb 13:34 5.69876992 7,922 0.00071936 BTC
24 Dec 17:17 1.91581236 7,931 0.00024156 BTC
19 Nov 01:59 0.45936352 7,931 0.00005792 BTC
19 Nov 00:43 0.26362644 7,931 0.00003324 BTC
05 Nov 15:45 0.30597798 7,931 0.00003858 BTC
05 Nov 15:45 0.43874292 7,931 0.00005532 BTC
05 Nov 15:45 0.45857042 7,931 0.00005782 BTC
14 Oct 12:08 0.53558043 7,931 0.00006753 BTC
14 Oct 12:08 0.98978880 7,931 0.00012480 BTC
29 Sep 19:36 0.68159014 7,931 0.00008594 BTC
29 Sep 19:35 1.09511248 7,931 0.00013808 BTC
13 Sep 02:35 0.42113610 7,931 0.00005310 BTC
13 Sep 02:35 0.26204024 7,931 0.00003304 BTC
02 Sep 17:24 0.30867452 7,931 0.00003892 BTC
02 Sep 15:34 0.40210170 7,931 0.00005070 BTC
20 Aug 20:28 0.37513630 7,931 0.00004730 BTC
13 Aug 20:11 0.47276691 7,931 0.00005961 BTC
06 Aug 00:09 0.64590064 7,931 0.00008144 BTC
26 Jul 14:51 0.53185286 7,931 0.00006706 BTC
21 Jul 16:27 0.44683254 7,931 0.00005634 BTC
11 Jul 21:47 1.46580742 7,931 0.00018482 BTC
01 Jul 02:37 0.98122332 7,931 0.00012372 BTC
20 Jun 14:44 1.03039552 7,931 0.00012992 BTC
13 Jun 17:13 0.97630610 7,931 0.00012310 BTC
07 Jun 02:07 1.90581930 7,931 0.00024030 BTC
03 Jun 13:29 3.08500038 7,931 0.00038898 BTC
25 May 15:06 1.87266772 7,931 0.00023612 BTC
16 May 18:09 1.52909680 7,931 0.00019280 BTC
12 May 12:03 0.83465844 7,931 0.00010524 BTC
02 May 12:34 1.42694552 7,931 0.00017992 BTC
25 Apr 19:43 1.29655988 7,931 0.00016348 BTC
21 Apr 20:39 2.50397532 7,931 0.00031572 BTC
11 Apr 16:11 1.17870522 7,931 0.00014862 BTC
05 Apr 21:56 1.34002176 7,931 0.00016896 BTC
29 Mar 14:05 1.45993848 7,931 0.00018408 BTC
21 Mar 20:24 1.42694552 7,931 0.00017992 BTC
14 Mar 13:33 1.83301272 7,931 0.00023112 BTC
08 Mar 16:31 2.68131248 7,931 0.00033808 BTC
03 Mar 01:50 1.87707916 7,948 0.00023617 BTC
22 Feb 01:57 2.95776872 7,948 0.00037214 BTC
17 Feb 04:29 4.27173208 7,948 0.00053746 BTC
08 Feb 02:55 2.70579172 7,954 0.00034018 BTC
02 Feb 01:59 4.20783016 7,948 0.00052942 BTC
25 Jan 16:12 5.80402700 7,948 0.00073025 BTC
18 Jan 22:01 1.31467868 7,948 0.00016541 BTC
11 Jan 03:52 1.47999708 7,948 0.00018621 BTC
06 Jan 05:23 2.16996296 7,948 0.00027302 BTC
27 Dec 21:08 2.39997808 7,948 0.00030196 BTC
20 Dec 18:21 3.35477132 7,948 0.00042209 BTC
14 Dec 05:08 2.99997260 7,948 0.00037745 BTC
06 Dec 14:25 3.57993816 7,948 0.00045042 BTC
01 Dec 02:28 1.40218616 7,948 0.00017642 BTC
23 Nov 04:02 1.49994656 7,948 0.00018872 BTC
15 Nov 22:10 4.99992372 7,818 0.00063954 BTC
09 Nov 00:28 4.99994040 7,385 0.00067704 BTC
01 Nov 21:51 4.99996200 6,248 0.00080025 BTC
25 Oct 21:19 3.99995715 4,837 0.00082695 BTC
Date Announcement
20 Apr 16:29 Payouts 04/20/2015
03 Feb 13:35 Order for buyback
03 Feb 13:34 Revshare Payouts - 2015-02-03
24 Dec 17:17 Dividend Payouts Nov 14 - Dec 18
19 Nov 00:46 Dividend Payouts 11/18/2014 #2
19 Nov 00:42 Dividend Payouts 11/18/2014
05 Nov 14:18 Dividend Payout 11/05 (Oct 24 - Oct 30)
05 Nov 14:16 Dividend Payout 11/05 (Oct 17 - Oct 23)
05 Nov 14:15 Dividend Payout 11/05 (Oct 10 - Oct 16)
14 Oct 12:08 Dividend Payout 10/14
14 Oct 12:08 Dividend Payout 10/14
29 Sep 19:35 Dividend Payout 09/29
29 Sep 19:34 Dividend Payout 09/29
13 Sep 02:34 Dividend Payouts 09/12/2014
13 Sep 02:33 Dividend Payouts 09/12/2014
02 Sep 15:37 Dividend Payout 09/02
02 Sep 15:34 Dividend Payout 09/02
20 Aug 20:28 Dividend Payout 08/20
13 Aug 20:10 Dividend Payout 08/13
06 Aug 00:09 Dividend Payouts 08/05/2014
26 Jul 14:51 Dividend Payouts 07/26/2014
21 Jul 16:27 Dividend Payout 07/21
11 Jul 21:45 Dividend Payout 07/11
01 Jul 02:37 Dividend Payouts 06/30/2014
20 Jun 14:44 Dividend Payout 06/20
13 Jun 17:13 Dividend Payout 06/13
07 Jun 02:07 Dividend Payouts 06/06/14
03 Jun 13:30 Dividends Paid
30 May 23:50 Dividend Payouts 05/30/2014
25 May 03:11 Dividend Payout 05/24
16 May 18:08 Dividend Payout 05/16
10 May 17:27 CryptoStocks Deposit Issues
10 May 13:08 Dividend Payout 05/10
02 May 12:34 Dividend Payout 05/02
25 Apr 19:38 Dividend Payout 04/25
21 Apr 19:42 Dividend Payout 04/21
11 Apr 15:13 Dividend Payout 4/11/2014
05 Apr 21:55 Dividend Payouts 04/05/2014
29 Mar 02:58 Dividend Payouts 03/28/2014
21 Mar 18:31 Dividend Payout 03/21
14 Mar 12:32 Dividend Payout 03/14
08 Mar 15:49 Dividend Payouts 03/08/2014
03 Mar 01:48 Dividend Payouts 03/02/2014
22 Feb 01:56 Dividend Payouts 02/21/2014
17 Feb 03:35 Dividend Payouts 02/16/2014
08 Feb 02:55 Dividend Payouts 02/07/2014
02 Feb 01:59 Dividend Payouts 01/31/2014
25 Jan 15:09 Dividend Payout 01/25
18 Jan 22:01 Dividend Payouts 01/18/2014
11 Jan 03:51 Dividend Payouts 01/10/2014
06 Jan 05:22 Dividend Payout 01/06
27 Dec 21:07 Dividend Payout 12/27
20 Dec 18:20 Dividend Payouts 12/20
14 Dec 04:18 Dividend Payouts 12/13/2013
06 Dec 13:56 Dividend Payouts 12/06
01 Dec 02:27 Dividend Payouts Paid
30 Nov 20:16 Apologize for the dividend delay
23 Nov 02:52 I was going to pay out 1btc total dividend this week, but decided with 1.5btc instead
15 Nov 22:14 Dividend Paid
09 Nov 00:41 Dividend Paid. 20% of collected fees this week is 5 BTC. Again instead of splitting that into 100k, I split it to only sold shares.
01 Nov 21:52 Dividend Paid. 20% of collected fees this week is 5 BTC. Again instead of splitting that into 100k, I split it to only sold shares.
25 Oct 15:43 *dividends.
25 Oct 15:42 fee levels. I am also providing this entire 4 BTC share to be dispersed to actual sold shares. Currently we have close to 5,000 shares sold, which would pay a dividend of 0.0008 per share. Actual value will be determined at 5pm EST when I do the div
25 Oct 15:42 increasing the payout. Actual collected fees where just over 10 BTC, of which the fee shares portion would equal 2 BTC (20%). However I am upping the portion to 4 BTC (BTC) for this period. I expect next period we should be on track again for normal
25 Oct 15:42 First Dividend Payout Today. Total fees collected this week were lower than normal due to the migration to the new server causing interruptions in trade activity. Trade activity has started to resume back to normal since, but because if this I will be

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Trading Volume

BTC
7 day volume1.76
30 day volume4.68
Market cap.9,214.33
LTC
7 day volume0.00
30 day volume0.04
Market cap.2,579.50
DVC
7 day volume16,427.97
30 day volume16,115,488.26
Market cap.914,203,380.39
Total in BTC
7 day volume1.76
30 day volume5.65
Market cap.9,305.81