Our method of announcing the coin to pump is called “Proof Of Fair Pump”. It ensures that everyone of the group participator has the same chances and same risks during the pump, even the group organisators. And this is how it works:
Before each pump, a list of 8 to 16 altcoins is created and published to the community. One of the coins on the list will be get pumped on announcement. The coin of interest will be publicy randomized based on a predefined future blockchain hash. A target block hash will be defined 20 minutes before pump starts. The target hash’s first character will determine coin to pump according to the coin list. As no one predict block hashes, no one is able to prebuy coins before the official coin announcement. This results in same chances for everyone participating in the pump, keeping it all as fair as possible. Here is an example how the coin is determined:
Don’t be afraid, you don’t have to do this calculation on your own. The coin of interest will be published in realtime on this page and in our IRC channel as soon as network releases target block.
It is mainly the same as classic Proof Of Fair Pump. Due to increasing prebuy before coin announcement, we had to change the rules slightly: Coinlist is uploaded to a password protected pastebin now. Password is revealed on coin announcement. This way we prevent prebuying the whole coinlist by people guessing the coin to pump, which harms the whole pumping process in general. As pastebin can’t be edited by us after upload, it’s still fair randomized coin selection.