I also support providing liquidity on BCH/USNBT pairs, as well as many other pairs. Our next priority is supporting an ETH trading pair. The software is ready. At this point it is a matter of finding an exchange to list the pair and implementing a utilization of their API. Under the current circumstances, BCH is indeed the next priority after ETH. The criteria for prioritization is mostly demand for trading, or simply trading volume. I realize BCH trading has been higher than ETH in the past 3 days, but this is a deviation from the long term pattern.
To implement a BCH/USNBT pair, what is required is to have @woolly_sammoth modify the NuBot code to get real time pricing for BCH. Secondarily, he must also implement the utilization of the API of an exchange that decides to list a BCH/NuBit trading pair of some sort. @woolly_sammoth will be working for Liquidity Operations full time beginning December 4th. We also plan to hire someone part time to work on recruiting exchanges to list trading pairs for us as part of our Vancouver expansion. I expect our ability to implement support for new pairs will increase a great deal with these two new contractors (one of which hasn’t been identified yet).
Nu seeks to base its tier 4 reserve upon assets that minimize counterparty risk. Blockchain assets are unique in the benefits they offer in this way. At the present time, we are essentially restricted to blockchain assets to accommodate this priority. Nu also seeks a reserve that is stable in value. This second value is very much at odds with the first value. Blockchain assets are certainly not known for their stable value. Even so, Nu would do well to acquire well established and highly liquid blockchain assets. Bitcoin is clearly the most established and liquid, while Ethereum is clearly the second most established and liquid. Diversification can also be used to help stabilize the value of the tier 4 reserve. As we begin to diversify the tier 4 reserve, Ethereum is the logical starting point, due to its wide acceptance, use and deep liquidity.
I have decided to allocate a tiny 1% of the tier 4 reserve to BlockShares. The reasons for inclusion of BlockShares in the reserve is due to different values. It seems likely that BlockShares are highly undervalued right now and poised for a rise soon. More importantly, the B&C Exchange network is somewhat unstable. The reasons for this are nuanced, but to be brief, the main reason is its low market cap, currently around $140,000. Nu’s market cap is much higher: around $5,000,000 average recently. There is an opportunity for B&C Exchange to acquire some of the stability of the Nu network by Nu Liquidity Operations purchasing and minting with BlockShares. The stability of the B&C Exchange network is very much in the interest of NuShare holders because B&C Exchange is expected to grow into the ideal environment for Nu to provide liquidity. Essentially, B&C Exchange needs to be nurtured and protected by Nu while it is young and immature so it can succeed enough to benefit Nu later.