Is this instance of NuBot going to place a sell order below $1 if NBT are sold into it or will they be burned? Perhaps I missed the discussion about this. Because if I was a NBT holder from $1.00, I would be pretty irked to know that shareholders were responsible for sell orders of NBT below $1. Hopefuly I am just misunderstanding and spread 30% means the sell order will be placed around $1.10 or something.
Spread 30% means it buys at $0.85 and sells at $1.15. This is an offset of 15% on both sides.
All US‑NBT acquired are burned in current operations, as recently done.
1 Like
2016–07–29
# 2000 US‑NBT * peg in BTC = BTC to gateway
2000 * 0.00129821 = 2.59642
NuShares sold into buy wall.
2016–07–30
# 2000 US‑NBT * peg in BTC = BTC to gateway
2000 * 0.00129052 = 2.58104
NuShares sold into buy wall.
2016–07–31
# 2000 US‑NBT * peg in BTC = BTC to gateway
2000 * 0.00130185 = 2.6037
NuShares sold into buy wall.
2016–08–01
Proceeds from Blind Auction NSR #6 will be counted as NuBits taken off market, reducing the exchange purchase amount with 1,000 US‑NBT/day. 12,000 US‑NBT at rate of 1,000 US‑NBT/day is 12 days of halved purchases on exchange.
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.00136493 = 1.36493
NuShares sold into buy wall.
2016–08–02
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.00140162 = 1.40162
NuShares sold into buy wall.
2016–08–03 Burn
28366.4741999 US‑NBT have been bought at Poloniex Gateway @jooize. 420 US‑NBT were sent as payment to @mhps. The rest burned.
TxID: fc659633c121414bf2edb533b43654acf94b78c0f49e2a447d9a95a585cc59c8
1 Like
2016–08–03
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.0014957 = 1.4957
NuShares sold into buy wall.
2016–08–04
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.0014751 = 1.4751
NuShares sold into buy wall.
2016–08–05
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.00147956 = 1.47956
NuShares sold into buy wall.
2016–08–06
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.0014655 = 1.4655
NuShares sold into buy wall.
2016–08–07
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.00144361 = 1.44361
NuShares sold into buy wall.
BTC Poloniex @jooize → Poloniex Gateway @jooize
NuBot launches at 00:00 UTC.
2016–08–08
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.00142919 = 1.42919
NuShares sold into buy wall.
BTC Poloniex @jooize → Poloniex Gateway @jooize
NuBot launches at 00:00 UTC.
2016–08–09
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.00140951 = 1.40951
NuShares sold into buy wall.
This regularity makes it very easy game. A few traders show up at 00:00 - 5min and place order a tad below others. After a few times others who cannot do this are discouraged to bid at lower prices.
2 Likes
2016–08–10
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.00140951 = 1.40951
NuShares sold into buy wall.
BTC Poloniex @jooize → Poloniex Gateway @jooize
When no funds remain on the gateway at the end of the day, I will set NuBot to launch at an undisclosed time during the next day.
1 Like
2016–08–11
# (2000 US‑NBT − 1000 US‑NBT) * peg in BTC = BTC to gateway
(2000 - 1000) * 0.00143468 = 1.43468
NuShares sold into buy wall.