We’ve seen enormous growth in demand for US NuBits recently! Today, over 1,200,000 USNBT was sold with trading 24-hour volume reaching $7,000,000. All this is brilliant and beyond our expectations, which shows by having sold out the entire grant of one million leaving us with zero USNBT to supply eager customers with. 10 days ago our circulating supply doubled, and today it doubled again!
US NuBits has more than $2,000,000 in circulation, with immediate backing available for all of them. As per our liquidity model, NuShare buybacks are directly affected and will increase even further from the already high $6,317 per day.
While growth is excellent, we’re seeing NuBits purchased for more than $1.00, and it worries us that people may make a direct loss from misunderstanding NuBits’ function.
It will always be a losing trade to buy NuBits over their pegged value. In the case of US NuBits (USNBT) that is $1.00, or with more precision $1.005 (at most). We’ll buy NuBits back from customers at $1.00 too, or for at least $0.995. That’s the 1% spread we promise and will do everything in our power to keep.
NuBits’ liquidity operations include creation of new *NBT by shareholders granting them to custodians such as currently the Liquidity Operations team that in turn places them for sale on public exchanges. Shareholders can create however many new NuBits they choose. The limitation lies in how quickly, which when growth is faster than we anticipate a week in advance allows the price of NuBits to rise above the pegged value beyond $1.00. That mainly impacts confidence in our peg, and risks losses for customers who should never have to think of potentially buying too expensive NuBits.
Customers are encouraged to sell their NuBits at a profit any time they see bids for USNBT over $1.00, because you’ll soon be able to buy new NuBits for $1.00.
If you’re seeing the potential of NuBits, turn your attention to NuShares (NSR) which is the combined investment and deep backing vehicle of all NuBit liquidity. We distribute part of NuBit revenue to shareholders in order to sustain long-term reliably backed stable digital currency without submitting to the volatility of the assets NuBits intends to be more useful than.
NuBits is growing, and we need help! If you are a talented developer, know marketing, or have design skills, please contact us at firstname.lastname@example.org or apply at https://nubits.com/jobs. You’ll work with a highly competent team in an exciting modern technical space. We value professionalism, reliability, and passion.
Let’s recap! Never buy NuBits for more than $1.00. Sell NuBits whenever you see them purchased above $1.00 because within a week you can buy them for $1.00 again. Invest in NuShares to profit from NuBits.
Manager, Liquidity Operations