Changing park rates:
22d - 3.5% (changed from 3%)
1.5m - 7% (changed from 6%)
3m - 14% (changed from 12%)
Rationale park rates increase:
The standard is still increasing into the negative. We are not able to attract enough money to get parked looking at the new graph Backpacker is now providing to us. I believe some shares should be sold soon.
Changing park rates:
22d - 7% (changed from 3.5%)
1.5m - 12.5% (changed from 7%)
3m - 25% (changed from 14%)
6m - 7% (changed from 0%)
Rationale park rates increase:
The standard is still increasing further into the negative and NSR reserves should be sold. Therefore increasing the attractiveness of parking further. Added also a 6 month low rate to attract long term investors.
@Cybnate, do you realize many shareholders may be relying on your data feed without realizing whatâs going on here? If a lot of people are subscribed to your feed, it could possibly hamstring the network so nothing gets passed. Iâm subscribed and I didnât realize until now that you put it on hold. Now Iâll have to set my own votes, but what about all the people who donât realize what you did here? The effect depends on how many people are subscribed to you. For example, it may be enough for the NSR grant not to be passed or something else.
I agree with this. My small stake is dependent on these data feeds, and I donât have time to follow the unfolding events here thoroughly enough to vote on individual motions, and neither will many other shareholders.
I can change to another, but for those unaware of whatâs going on it would be great if all popular feeds were kept up to make sure any important motions are passed without delay.
Given the situation, I give my views here which will guide my datafeed from here on:
My view going forward is focus on auctions to remove NBT from the market and re-establish the peg. Other ways to remove NBT from the market are also welcomed. Idea is to build reserve and burn NBT as much as we can. Still on the fence whether that should be a $1 peg or e.g. $0.50. Once chosen it will be next to impossible imo to get back to $1 unless we are able to execute some very profitable business. I havenât seen that proposal yet and I donât want to get back into the same situation where we just slowly lose money on NBT/BTC pair and are exposed to exchange risks.
Sharing revenue with B&C is the most realistic option I can see, but Iâm open to interim solutions which run break-even and have some exchange risk.
Deleting motions:
28ad569f5224884fc1247bd9a18bf96bf8b8f0ab (passed)
9958b55a4f6473809039c41fa3ee407718cde2db (on hold, pending peg restore)
Park rates:
Changing park rates:
22d - 0% (changed from 8%)
1.5m - 0% (changed from 16%)
3m - 32% (not changed)
6m - 16% (not changed)
Although they are not that effective, I think keeping them is better than nullifying them. Raising them further might not be realistic either. I did nullify the shorter terms though as they donât make sense. Any NBT parked for long term, helps us to re-establish the peg eventually. I donât expect high amounts to be parked however given the high risks involved.