Sorry, we require BTC.
While a modest size trade was just initiated, looking at Coinerella, it is apparent a 0.996 NBT price isn’t effective for bringing NBT to market. Network wide sell walls are only 22% of tier 1 totals, and there are only 250 NBT on Poloniex.
It is unfortunate there is some controversy about selling these below $1.00, as we don’t wish to create controversy. However, we have an obligation to balance liquidity, and the evidence is that can’t be done at price of 0.996 per NBT. We could balance liquidity directly by using exchange accounts, bringing NBT to exchange and throwing them against the buy wall. In that case we would expect proceeds to be about 0.993 per NBT after exchange commissions. Anyone else who would buy from us to do that would lose about $0.003 per NBT. This explains why it isn’t being done.
Essentially, we are a wholesaler of NBT. Other liquidity providers are retailers. As a wholesaler, we can’t induce retailers to purchase our product for more than the retail proceeds, which are about 0.993 per NBT after exchange fees. As with any market, the wholesale price must be lower than the retail price to accomplish distribution.
To balance liquidity, we will sell NBT for $0.994. Please reply here, PM us, or send us a Bitmessage at BM-2cWWSMDmcUtMw4kU352wtDCe91xrEUmKfW to arrange a trade.
