[Ann] Parking rates promotional website Parkyournubits.com

The Plaza
#1

Hello people,

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

with everyone who’s interested in profiting from park rates :slight_smile:

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

10 Likes
FLOT NSR Operations (buy side)
#2

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 :wink:

I just recognized the calculator uses live values. Neat!

#3

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

#4

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

Sure. That was the biggest challenge here… :slight_smile:

Glad you people seem to like it!

#5

That quote is important as well:

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!

#6

Done.

#7

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

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

#8

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

#9

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?

#10

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

#11

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?

#12

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.

#13

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.

1 Like
#14

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.

#15

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.

#16

Exactly.

#17

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

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

I fully agree.

#18

ouch. will correct the math.

#19

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

#20

I have some info you might like:

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.

1 Like