[Ann] Parking rates promotional website Parkyournubits.com

[willy]

Hello people,

please share
https://www.parkingyournubits.rocks/
or
http://parkyournubits.com/

with everyone who’s interested in profiting from park rates

It was quite a lot of work to get the calculator working… everyone that tried to convert park rate values from “getparkrates” RPC might relate to that.

The frontend has been done by @TheCrema, who is obviously very capable at doing work like this.
The backend API comes from a yet unpaid ALix panel API feed.

Well, enjoy and tell us what you think!

I’ll post a custodial fee request in a couple of days.

Willy and TheCrema from Coinerella

[masterOfDisaster]

It’s a quite useful piece of information for times in which parking interest is offered.
So we should hope that there’s seldom need for it

I just recognized the calculator uses live values. Neat!

[Sentinelrv]

We should post this in the parking threads @mhps made on Bitcointalk. Maybe he can edit the link into the OP…

https://bitcointalk.org/index.php?topic=1447342

https://bitcointalk.org/index.php?topic=1447355.msg14636664#msg14636664

[willy]

(URL http://parkyournubits.com will be available soon, there are some minor DNS issues right now)

www.parkyournubits.com or http://parkyournubits.com are now available (both also with SSL support if you want)

I just recognized the calculator uses live values. Neat!

Sure. That was the biggest challenge here…

Glad you people seem to like it!

[masterOfDisaster]

That quote is important as well:

we should hope that there’s seldom need for it

Parking is not really one of Nu’s features we should hope to have need for advertizing it.

Anyway, thank your for having created it!

[mhps]

We should post this in the parking threads @mhps made on Bitcointalk. Maybe he can edit the link into the OP…

Done.

[willy]

Parking is not really one of Nu’s features we should hope to have need for advertizing it.

It’s a good advertising chance, to my mind.

We use a delicate situation (network imbalance) for advertising purposes. Two fly a flap.

[masterOfDisaster]

Done

Bumped.
You should edit the thread title as well. 12% is from the past - it’s at least 18% APR at the moment

[Nagalim]

Hey I tried to post this on r/nubits subreddit but it never showed up. Does anyone know who the mod of that subreddit is? Am i shadowbanned or something?

[CoinGame]

I don’t see anything in the moderation queue, but you can find out if you’re shadowbanned here https://www.reddit.com/r/shadowban

[Nagalim]

Check out my profile:
https://www.reddit.com/user/nagalim

I have a post to r/nubits 14 hours ago, but it doesnt show up on new or hot.

Help forums say maybe a spam filter?

[CoinGame]

yeah when I looked at your profile I could see it was caught in spam filter. I’m not sure why it didn’t show up in any moderation queue or notifications. I’ve approved it now.

[mhps]

You should edit the thread title as well. 12% is from the past - it’s at least 18% APR at the moment

Is this a good strategy? 12% APR is already very good. When I see super high ROI rate offered my thought is usually “They are desperate. Stay away.” To avoid this misunderstanding I put the “don’t last long” part. If I am to edit the title to show an even higher rate, there has to be a better pre-emptive sentence.

[MaVo]

Is this a good strategy? 12% APR is already very good. When I see super high ROI rate offered my thought is usually “They are desperate. Stay away.”

It is exactly the impression I had when I read 18%. It simply does not sound sustainable. But maybe it is still the right thing to do, not sure. Maybe put some thought into that.

[mhps]

Maybe put some thought into that.

My thought is that money supply of NSR is ~800million. At $18/10k IPO price the market cap is $1.44m. Plus ~$75k T4 fund that is $2.2m$1.52m. There are 740k NBT in circulation. If the goal of parking operation is to get 30% of circulating NBT ($250k) parked, consertively Nu can offer 100% APR for 6 continuously 3 years before Nu’s asset equals the park principal. So in short terms 20%APR offered during BTC price surge is affordable for Nu. To explain this to someone paying 10 sec attention is difficult.

[MaVo]

So in short terms 20%APR offered during BTC price surge is affordable for Nu. To explain this to someone paying 10 sec attention is difficult.

Exactly.

[masterOfDisaster]

When I see super high ROI rate offered my thought is usually “They are desperate. Stay away.”

Right. The current rate will be shown by the client or http://parkyournubits.com/ anyway.

IPO price the market cap is $1.44m. Plus ~$75k T4 fund that is $2.2m.

$1.44M + $0.075M = $1.515M
But based on the current NSR rate, the market cap indeed is above $2M

To explain this to someone paying 10 sec attention is difficult.

I fully agree.

[mhps]

$1.44M + $0.075M = $1.515M

ouch. will correct the math.

[masterOfDisaster]

Calculating the market cap based on IPO price isn’t reliable. The result is correct nevertheless
The $75k is ~40 BTC T4 FLOT ($18k), ~60 BTC JordanLee ($27k), $30k NuSafe, right?

[masterOfDisaster]

It’s a good advertising chance, to my mind.

I have some info you might like:

Park Rate Voting

I lowered the park rate in my data feed
[…]
I’m inclined to keep lowering them as long as the liquidity situation seems stabilized, but seriously consider letting them end at non-zero values.

Depending on how many NSR are minting with park rates from my data feed, there might be a permanent park rate above 0% even once there’s more demand.
I don’t know where to end with my data feed, but time will tell.