I have proposed to place a buy wall at $0.10 and slowly move that up as reserves are accumulated. I am not withdrawing that motion and I still think it is has a good chance of passing. There is another approach we can take to supporting the NuBit price, that may be more popular. Rather than provide liquidity at a pegged price, we let the NBT price float for now, but each day we purchase 1000 NuBits or more. So long as the purchases continue, time will be on our side. It is mathematically certain we will return the NuBit price to $1.00 if we purchase 1000 NuBits each day because we will eventually consume the entire money supply, if necessary. Such a program would be funded by NSR sales. The sales would not be excessive. With NuBits currently selling for 0.30, we would only need to raise $300 USD each day to fund it. Speculators would be attracted to NuBits because, at the present time, they are becoming increasingly scarce, with a money supply set to be cut in half over the course of the next year. So for now, we would pivot to offering a free floating crypto whose scarcity is promised to increase (the rate of decline would be more than 50% in the first year), until the $1.00 target price is met.
This proposal and my other one to place a buy wall at $0.10 are mutually exclusive. However, I am advancing both simultaneously for shareholder consideration because I am confident either motion passing would be much better than nothing happening.
Note that this plan is also dependent on the passage of the motion to temporarily cap the NBT money supply, which currently is getting only about 40% support.
What does everyone think? I intend to advance this as a motion after some discussion.