Decentralized long term USNBT purchase and burn program

@smooth has funded the third quarter of the buyback program. Using the methodology detailed in the original post, the NSR price is $0.000610571. At this price, the $50,000 investment equals 81,890,500.7019 NSR.

The December 28th close price for BTC is $7,317.99.

50,000 / 7317.99 = 6.8324 BTC to be sent to 3Lv9C4JtFQmVMhFtyYK43GncwweMi341NT.

It has been received.

The six months that this USNBT buyback program has been running have been a difficult time for all blockchain assets, which have declined an average of around 50% since their peak six months ago (excluding Bitcoin). USNBT has outperformed in this difficult environment. Buying a crypto that has a constant buyback program is certainly better than buying a crypto that doesn’t. While most cryptos increase in supply steadily, USNBT circulating supply is contracting by more than 1% per month. As this continues for another 6 months, it is expected that it will raise the price of USNBT, which should bring more attention to what a compelling purchase they are, prompting a restoration of the peg as in 2016.

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week 26/52
NBT purchased: 79925.64 NBT
BTC spent: 0.46377686
price/BTC: 0.00000580
price/USD: 0.0418

burn txid ef6fcbc828280fc8a73e3c327f0c64ee26ccf1635aa7a1fb6a9a20896c4b3e15

week 27/52
NBT purchased: 81272.90 NBT
BTC spent: 0.52556923
price/BTC: 0.00000647
price/USD: 0.0517

burn txid f22b710aed6407124f6a0e7f4d37669233164c13590fb183cbfe474e991d32ed

week 28/52
NBT purchased: 83700.72 NBT
BTC spent: 0.52556923
price/BTC: 0.00000628
price/USD: 0.0548

burn txid 7a4522a89e06235a3e30ad7d22451d49e3d2878e325a44718a32a4acb1a517ce

week 29/52
NBT purchased: 82202.20 NBT
BTC spent: 0.52556923
price/BTC: 0.00000639
price/USD: 0.0557

burn txid f02e68273e32dc9638f8f6dcbe2811e6c692a0860a90631312dacf823828226c

week 30/52
NBT purchased: 80873.20 NBT
BTC spent: 0.52556923
price/BTC: 0.00000649
price/USD: 0.0611

burn txid a51d8e74408309272f36e583c97234a04968b7fe3b4df3d3dcec24d9b8925dd9

week 31/52
NBT purchased: 77349.63 NBT
BTC spent: 0.52556923
price/BTC: 0.00000679
price/USD: 0.0663

burn txid 20513d3f8d62d77ab45c4ac47b91457317c3e7540caab149e272d0aade9e229f

week 32/52
NBT purchased: 74480.26 NBT
BTC spent: 0.52556923
price/BTC: 0.00000706
price/USD: 0.0737

burn txid e0cf1f05f040de6dfd319f8b56e889eb9560dd3424722b163171594a887a8f03

Sorry for the delay, all. I completed the purchase last week but got tied up with something before I did the burn. I will complete the burn right now and then move on to the next week.

week 33/52
NBT purchased: 80347.19 NBT
BTC spent: 0.52556923
price/BTC: 0.00000654
price/USD: 0.0603

burn txid db35253845a989fc32e3e607f2df0b6bea5eb09f4cb35dfbd434ce7e2af80939

week 34/52
NBT purchased: 76493.52 NBT
BTC spent: 0.52556923
price/BTC: 0.00000687
price/USD: 0.0603

burn txid dc658397bebb3b446341c4f56a411902c070b597084403c8dba873541105575c

week 35/52
NBT purchased: 75410.75 NBT
BTC spent: 0.52556923
price/BTC: 0.00000697
price/USD: 0.0563

burn txid 959556f2a1f5e9305edda144e855eb8eb3f622c1da2f6a41fd3702a99eda6aef

week 36/52
NBT purchased: 110804.82 NBT
BTC spent: 0.52556923
price/BTC: 0.00000474
price/USD: 0.0244

burn txid 0d0538d443d84a589cfde6aebd7c2910e5df00cff82495d335f1ac450a9db0f4

Well, that was interesting. I guess we got to burn more coins…

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Nice burn, but still too much in parked and circulating.

Pretty massive buyback there in week 36. I wonder where we’re at on the path to restoration.

Is the circulating supply on CMC correct, or does it not include the updated numbers from the burns?

The supply on CMC has been wrong for years AFAIK. The are correct numbers on the grafana panel and the explorer (or you can get it from your own node if you are running one)

week 37/52
NBT purchased: 90307.46 NBT
BTC spent: 0.52556923
price/BTC: 0.00000582
price/USD: 0.0391

burn txid 39bd7772bc3e446fc8060cce5aa238a9317bbc0fd50767d4a13733b2df08dc14

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week 38/52
NBT purchased: 106035.33 NBT
BTC spent: 0.52556923
price/BTC: 0.00000496
price/USD: 0.0316

burn txid 657286cc32ff41340987440d1ec3fb3d99f5c2db6b1e0bd9aec220cc690b948f

Just to clarify the supply is 67million nbt right now?

That is total supply though. Most of those NBT are held by the team. I only wanted to know about the supply that is still in circulation. That would give us a better idea how much further we still have to go.


Would like to know the circulating supply too coz in grafana its always at 15M.

We have changed the USNBT figures in Grafana so they are no longer rounded.

Here is what it looks like, in the USNBT Supply section:
cropped supply

Another interesting fact, retrieved by @woolly_sammoth, is that the maximum blockchain USNBT money supply was 70,986,271.5658 USNBT on 2019-05-05 22:09:38. That figure is 67,860,981.736 now.

Since peak money supply, we have had two weekly USNBT burns while also disbursing USNBT for network expenses. The net amount burned since peak is approaching 2 million USNBT. We have reduced the circulating supply, excluding parked USNBT, by more than 10% since the peak money supply.

The supply of most blockchain assets is increasing constantly through mining rewards. A few have stable supply. But USNBT is decreasing at a rate of more than 10% per year! It’s backed by a 6 year old crypto project with remarkable transparency. We have stated it is our priority to manipulate its value to $1.00, as we have done for so long in the past. USNBT isn’t a low risk investment, but there are special and compelling reasons to think it offers a remarkable risk to reward ratio.


I think you guys have the supply side figured out which is great but we also need the demand side to increase. If supply decreases and demand decreases well I don’t need to explain.

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week 39/52
NBT purchased: 89802.05 NBT
BTC spent: 0.52556923
price/BTC: 0.00000585
price/USD: 0.0421

burn txid f6c2b19b1b28b5108293b0a79759a8ce662dffd4ce3d82c80ce7c88d321248cc

We’re running a bit late due to some delays behind the scenes. Sorry for that.

The next quarter is funded and we’re ready to move on to week 40.

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week 40/52
NBT purchased: 92596.06 NBT
BTC spent: 0.61617331
price/BTC: 0.00000665
price/USD: 0.0512

burn txid ae8478fb7b8699d2cd8e30ed54c994dd6923aa51f3c65cbc2f348dafab324e74

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week 41/52
NBT purchased: 91429.11 NBT
BTC spent: 0.61617331
price/BTC: 0.00000673
price/USD: 0.0591

burn txid f366e2f47d3f7935240e4d12e15827880b70280c621a4c639d74b94413e7c4fc

week 42/52
NBT purchased: 86315.75 NBT
BTC spent: 0.61617331
price/BTC: 0.00000714
price/USD: 0.0692

burn txid b90071594882d8aef306191d3e6d9b835b617672ff5a7516a4fbc77cfeb115a1

week 43/52
NBT purchased: 89378.24 NBT
BTC spent: 0.61617331
price/BTC: 0.00000689
price/USD: 0.0656

burn txid d9b9b6ba04bfbc3c2b9475edfd182f3e30d9fc8538fa936843de90998997bd98

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@smooth, I have 38669.8625 NuBits that I need to liquidate for BTC. I wanted to first come here and ask if you’d like to purchase them from me during your next buyback. They will end up on exchanges where you will most likely buy them back anyway, so I figured it made sense to skip the exchange step and do this OTC. Please let me know what you think, thanks.


I’d rather just stick with doing it on the exchange so there is no possible question about the pricing being right. The good news is that you can take advantage of the liquidity I’m providing on the exchange to sell.

week 44/52
NBT purchased: 84489.0
BTC spent: 0.61617331
price/BTC: 0.00000729
price/USD: 0.0651

burn txid 9a97d7b561bf497a9e9724fd8e0ab1754a734b09de58c4d8247cc90050f50dae


week 45/52
NBT purchased: 84945.73
BTC spent: 0.61617331
price/BTC: 0.00000725
price/USD: 0.0732

burn txid 2481bada1709d348e7a760688f6208431b09203bcf756b178399215d8ead1759

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