Current Liquidity

[dysconnect]

Given there’s NBT demand one should be able to set up walls the normal spreads set for liquidity pools and people will still buy them, if we assume the peg might break upwards. I won’t concede to the buy wall level under these circumstances. The most ideal customers are Nubot operators and pool participants with relatively deep pockets.

It can be @henry if he has time, or it would seem there are a few ALP participants with a lot of BTC. One should find ways to reach them rather than cutting prices just because nobody’s looking. @woolly_sammoth would you mind adding something to your website to advertise for direct off-exchange purchase of NBT for liquidity balancing?

[henry]

NuLagoon can buy some NBT and promote them to Poloniex. Last time when we do transaction with @JordanLee, we fully trusted him and sent the BTC first. This time, we are not sure we could give @fsrt same level of trust.

[FSRT]

NuLagoon can buy some NBT and promote them to Poloniex…we are not sure we could give @fsrt same level of trust.

With @henry, we are comfortable sending the NBT first. How many would you like to purchase and what address would you like them sent to? We will ask you to send BTC to 1NbmgGKWPemDwiqiEHs8CVrnqC4MHp3M3u afterward.

[huafei]

@assistant liquidity

[assistant]

Hi @huafei

The current total liquidity in the Nu network is:

Bid: 69800.1003 NBT (54.36%)
Ask: 58593.6105 NBT (45.64%)

It is broken down in the following manner:

Tier 1:
    Bid: 19158.2314 NBT
    Ask: 14292.7617 NBT

Tier 2:
    Bid: 9841.89 NBT
    Ask: 5577.234 NBT

Tier 3:
    Bid: 37601.7624 NBT
    Ask: 30755.0 NBT

[FSRT]

Within the past hour, a total of 41,759 NBT has been sold in exchange for 124.164 BTC, which is eligible for share buybacks.

[FSRT]

We will continue selling NBT until the tier 1 walls are balanced according to Coinerella. At present, only 24% of tier 1 liquidity is on the sell side. 5 of 12 NBT markets currently have less than 100 NBT for sale.

[cryptog]

41,759 NBT

That s relatively big.

present, only 24% of tier 1 liquidity is on the sell side. 5 of 12 NBT markets currently have less than 100 NBT for sale

So most of these sales do not show up in the sell side…so someone must be building up nubits…We should be careful about that.

[Nagalim]

We should be careful about that.

why?

[dysconnect]

Did NuLagoon buy? Why are tier 3 buy and sell sides at the same level as before?

[FSRT]

Did NuLagoon buy?

Yes, NuLagoon bought 15,000 NBT (still waiting on the BTC payment). All other BTC payments have been received.

I don’t know the answer to your other question, sorry.

[henry]

NuLagoon has bought 15000 NBT and promoted 8000 NBT to poloniex, and will promote more according to the network liquidityinfo in future. NuLagoon’s Liquidityinfo is updated.

[dysconnect]

It’s an atmosphere that we should inject liquidity when there’s a deficit in the exchange with highest NBT volume. Guess we’ll need to formalize this idea.

[cryptog]

Because I do not know how much is in Tier 4 that could support a massive sell off by that entity.

[zoro]

i have made a lot of transactions with FSRT sending first the BTC. no problem at all
NU is at promotion mode thus the high NBT selling is not awkward.

[zoro]

NuBits (USNBT) price, charts, market cap, and other metrics | CoinMarketCap

NBT is going to loose the peg. i see it in 1.05. empty polo side is responsible about this.
What are we going to do? @FSRT, @JordanLee

[FSRT]

We are here, ready to sell as much NBT at $0.994 as needed. Who would like to purchase some and bring it to market? Can @henry help us again?

[zoro]

i am transferring some NBT from my other exchanges’ activities unless my daily limit in polo returns!
Although this limit seems to be not enough!

[cryptog]

What s happening? It seems we are experiencing a crazy demand?

[zoro]

i guess we are promoting NBT without the proper liquidity!
i sent 4100 NBT. lets see how long they will stay there