Backbone Reserve Operations (Tier 6)

[jooize]

2016–07–20

• 25.74 BTC at FLOT
• 13 BTC at Poloniex Gateway @masterOfDisaster
• 0.15 BTC at Poloniex @jooize

25.74 + 13 + 0.15 = 38.89

38.89 * 0.10 = 3.889

3.889 / 0.001261 = 3084.060269627

NuShares sold into buy wall.

Buy wall at 0.001261 for 3084 US‑NBT set.

[jooize]

2016–07–21

• 25.74 BTC at FLOT
• 13 BTC at Poloniex Gateway @masterOfDisaster
• 0.1 BTC at Poloniex @jooize

10% of reserve: 3.884

NuShares sold into buy wall.

BTC from Poloniex @jooize to Poloniex Gateway @jooize.

Poloniex Gateway @jooize buy wall at $0.85 (spread 30%).

[jooize]

2016–07–22

• 25.74 BTC at FLOT
• 13 BTC at Poloniex Gateway @masterOfDisaster
• 0.12 BTC at Poloniex @jooize

10% of reserve: 3.886

NuShares sold into buy wall.

BTC from Poloniex @jooize to Poloniex Gateway @jooize.

Poloniex Gateway @jooize buy wall at $0.85 (spread 30%).

[jooize]

2016–07–23

• 25.74 BTC at FLOT
• 13 BTC at Poloniex Gateway @masterOfDisaster
• 0.08 BTC at Poloniex @jooize

10% of reserve: 3.882

NuShares sold into buy wall.

BTC from Poloniex @jooize to Poloniex Gateway @jooize.

Poloniex Gateway @jooize buy wall at $0.85 (spread 30%).

[jooize]

2016–07–24

• 25.74 BTC at FLOT
• 13 BTC at Poloniex Gateway @masterOfDisaster
• 0.14 BTC at Poloniex @jooize

10% of reserve: 3.888

BTC @jooize → BTC @jooize Mobile

BTC @jooize Mobile → Poloniex Gateway @jooize

Poloniex Gateway @jooize buy wall at $0.85 (spread 30%).

[jooize]

2016–07–25

Approach changed. Now pushing 2000 US‑NBT in BTC at current target peg price to the buy wall every day.

# 2000 US‑NBT * peg in BTC = BTC to gateway

2000 * 0.001282 = 2.564

Poloniex Gateway @jooize target peg at $0.85 (spread 30%).

BTC @jooize → Poloniex Gateway @jooize

[jooize]

2016–07–26

# 2000 US‑NBT * peg in BTC = BTC to gateway

2000 * 0.0012995 = 2.599

Poloniex Gateway @jooize target peg at $0.85 (spread 30%).

BTC @jooize → Poloniex Gateway @jooize

[jooize]

2016–07–27

# 2000 US‑NBT * peg in BTC = BTC to gateway

2000 * 0.0012992 = 2.5984

Poloniex Gateway @jooize target peg at $0.85 (spread 30%).

BTC @jooize → Poloniex Gateway @jooize

NuBot launches in about two hours.

[jooize]

2016–07–27 Burn

23055.4076 US‑NBT have been bought at Poloniex @jooize and burned. Poloniex Gateway @jooize not included.

TxID: a36693c0593b5d7ed882c6eb39ec553e3c9571d07a1b1a7d688ddfe3281d3f0a

[jooize]

2016–07–28

# 2000 US‑NBT * peg in BTC = BTC to gateway

2000 * 0.0012962 = 2.5924

Poloniex Gateway @jooize target peg at $0.85 (spread 30%).

• 0.14 BTC at Poloniex @jooize
• 1.55 BTC at @jooize

2.5924 - 0.14 - 1.55 = 0.9024

NuShares sold into buy wall.

• 1.05 BTC at Poloniex @jooize

1.05 + 1.55 = 2.6

1.5498 BTC @jooize → Poloniex Gateway @jooize
1.0426 BTC Poloniex @jooize → Poloniex Gateway @jooize

NuBot launches at 00:00 UTC.

[GreatScott]

NuBot launches at 00:00 UTC.

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.

[jooize]

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.

[jooize]

2016–07–29

# 2000 US‑NBT * peg in BTC = BTC to gateway

2000 * 0.00129821 = 2.59642

NuShares sold into buy wall.

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–07–30

# 2000 US‑NBT * peg in BTC = BTC to gateway

2000 * 0.00129052 = 2.58104

NuShares sold into buy wall.

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

2016–07–31

# 2000 US‑NBT * peg in BTC = BTC to gateway

2000 * 0.00130185 = 2.6037

NuShares sold into buy wall.

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

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.

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

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.

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

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

[jooize]

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.

BTC Poloniex @jooize → Poloniex Gateway @jooize

[jooize]

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.

BTC Poloniex @jooize → Poloniex Gateway @jooize