Current Liquidity

JordanLee 2015-11-10 00:49:02 UTC #524

assistant 2015-11-10 00:49:27 UTC #525

The current total liquidity in the Nu network is:

Bid: 93162.2144 NBT (60.52%)
Ask: 60774.8996 NBT (39.48%)

It is broken down in the following manner:


Tier 1:
    Bid: 39581.3519 NBT
    Ask: 20689.8493 NBT

Tier 2:
    Bid: 8283.13 NBT
    Ask: 3689.355 NBT

Tier 3:
    Bid: 37547.2367 NBT
    Ask: 31380.0 NBT

JordanLee 2015-11-10 00:53:59 UTC #526

The 40% threshold has been crossed on the sell side. I would like to bring 16,000 NBT to market to balance liquidity. @henry is NuLagoon able to assist with this by purchasing some or all of these NuBits for 1.00?

henry 2015-11-10 01:06:15 UTC #527

Let us do this. We can buy all the 16k NBT from Tier4.

We would like to clarify that we are happy to do so when it is for the network need and our time is available. But we have many other jobs to do. We are afraid that it is possible that we can’t respond quickly to this kind of request everytime in future.

Thank you.

mhps 2015-11-10 01:06:56 UTC #528

With 4 times less fluctuation, the 15 min moving average of Tier 1 ask side is 36%, according to https://alix.coinerella.com/walls/ . Thanks @willy

JordanLee 2015-11-10 02:55:23 UTC #530

16,000 NBT was sold to NuLagoon for 42.48 BTC. The 16,000 NBT flipped from tier 4 sell side liquidity to tier 4 buy side liquidity. Now these BTC will be a part of the share buyback pool going forward.

dysconnect 2015-11-10 04:43:09 UTC #531

@assistant liquidity

assistant 2015-11-10 04:43:11 UTC #532

Hi @dysconnect

The current total liquidity in the Nu network is:

Bid: 88991.8017 NBT (57.76%)
Ask: 65082.8822 NBT (42.24%)

It is broken down in the following manner:


Tier 1:
    Bid: 34024.2328 NBT
    Ask: 24997.8319 NBT

Tier 2:
    Bid: 8340.3 NBT
    Ask: 3689.355 NBT

Tier 3:
    Bid: 37547.2367 NBT
    Ask: 31380.0 NBT

dysconnect 2015-11-10 05:56:08 UTC #533

@assistant liquidity

assistant 2015-11-10 05:56:09 UTC #534

Hi @dysconnect

The current total liquidity in the Nu network is:

Bid: 83569.4552 NBT (60.42%)
Ask: 54755.7846 NBT (39.58%)

It is broken down in the following manner:


Tier 1:
    Bid: 32238.6912 NBT
    Ask: 14670.7343 NBT

Tier 2:
    Bid: 4685.84 NBT
    Ask: 3689.355 NBT

Tier 3:
    Bid: 37547.2367 NBT
    Ask: 31380.0 NBT

JordanLee 2015-11-11 00:08:35 UTC #535

There is less than a Bitcoin in sell side liquidity at Poloniex and current total, network wide sell liquidity is near the 40% threshold. If it would be helpful I would be happy to purchase BTC with NBT from anyone supporting the buy wall at Poloniex so their funds could be switched to the sell side. Just contact me by PM here or Bitmessage at BM-2cXS5ezep1jUqeu8CwC6M4aTmMSxcFEHNN

JordanLee 2015-11-11 23:22:30 UTC #536

It doesn’t look like the sell wall has been restored at all on Poloniex. That is a problem because most of our volume takes place there. I’m still available to sell NBT to anyone who will bring it to Poloniex. I will sell it for 0.998 to any known community member who states they will put it on Poloniex.

dysconnect 2015-11-11 23:45:58 UTC #537

I don’t have much liquidity in BTC or PPC. Would it be feasible that I hand you 2000 BKS as collateral to sell 10000 NBT on Poloniex, and then give you a BTC amount to take back the collateral?

JordanLee 2015-11-12 00:52:58 UTC #538

I appreciate the offer and would take it, except that NuLagoon just offered to bring the liquidity to Poloniex, and that process is much simpler and doesn’t require collateral. Perhaps another time. Sorry for the change.

JordanLee 2015-11-12 01:13:39 UTC #539

@assistant liquidity

assistant 2015-11-12 01:13:40 UTC #540

Hi @JordanLee

The current total liquidity in the Nu network is:

Bid: 88028.4007 NBT (63.02%)
Ask: 51659.3232 NBT (36.98%)

It is broken down in the following manner:


Tier 1:
    Bid: 42105.883 NBT
    Ask: 7940.5004 NBT

Tier 2:
    Bid: 5512.3 NBT
    Ask: 6866.4587 NBT

Tier 3:
    Bid: 36213.4882 NBT
    Ask: 29100.0 NBT

JordanLee 2015-11-12 01:15:37 UTC #541

The 40% threshold has been crossed and we will balance by selling 17,000 NBT to NuLagoon, which will then bring some NBT to Poloniex. Thank you Henry.

cryptog 2015-11-12 01:42:04 UTC #542

It seems that a lot of NBTs have been brought to the sell wall recently.
How much overall?
Those proceeds will be used for buybacks mainly, in my understanding unless some dividends are also distributed.
What I found very exciting is that despite the replenishments, the sell wall is being consumed.continually.
That could mean that the demand for NuBits is growing substantially?
Am I mistaken?

JordanLee 2015-11-12 02:29:27 UTC #543

17,000 NBT from tier 4 sell side was just exchanged for 53.32 BTC, which goes into tier 4 buy side liquidity and will contribute to share buybacks.

huafei 2015-11-12 05:28:37 UTC #544

@assistant liquidity