FLOT US-NBT Operations (sell side)

I have 2,000 NBT on my gateway since 2016-03-23.

0.07 NBT have been sold so far:

nud getliquiditydetails B | grep BETwD8nSjtj9ADSvej2na34xmsMYwPRymv -A 200 | grep hitbtc | tail -n 1 | awk -F':' ...and some more stuff'
0.4.1_1458757219123_4f225b
        "1:NBTBTC:hitbtc:0.4.1_1458757219123_4f225b" : {
            "buy" : 0.0,
            "sell" : 500.0
--
        "2:NBTBTC:hitbtc:0.4.1_1458757219123_4f225b" : {
            "buy" : 0.07,
            "sell" : 1499.936

NuBot is running. I check it regularly:

16:35:21.197 [priceTriggerTask] INFO  - Price Updated. bitfinex:1 BTC = 422.99 USD [com.nubits.nubot.tasks.PriceMonitorTriggerTask:359]
16:35:36.668 [checkNud] INFO  - Executing class com.nubits.nubot.tasks.CheckNudTask [com.nubits.nubot.tasks.CheckNudTask:37]
16:35:58.290 [Strategy Secondary Task] INFO  - Sell-Wall size :  : 500.0 NBT [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:539]
16:35:58.300 [Strategy Secondary Task] INFO  - Buy-Wall size :  : 0.0 NBT [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:544]
16:36:06.668 [checkNud] INFO  - Executing class com.nubits.nubot.tasks.CheckNudTask [com.nubits.nubot.tasks.CheckNudTask:37]
16:36:36.668 [checkNud] INFO  - Executing class com.nubits.nubot.tasks.CheckNudTask [com.nubits.nubot.tasks.CheckNudTask:37]
16:36:39.707 [Strategy Secondary Task] INFO  - Sell-Wall size :  : 500.0 NBT [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:539]
16:36:39.718 [Strategy Secondary Task] INFO  - Buy-Wall size :  : 0.0 NBT [com.nubits.nubot.strategy.Secondary.StrategySecondaryPegUtils:544]
16:36:42.176 [checkOrders] WARN  - Liquidity info submitted:
        tier=1 buy=0.0 sell=500.0 identifier=1:NBTBTC:hitbtc:0.4.1_1458757219123_4f225b response=true
        tier=2 buy=0.07 sell=1499.936 identifier=2:NBTBTC:hitbtc:0.4.1_1458757219123_4f225b response=true [c.n.n.t.CheckOrdersTask:142]

Based on the trading volume I don’t see a reason for sending another 1,000 NBT there.
But I’m a fan of redundancy.
Is that redundancy currently worth 100 NBT per 60 days? If yes, I’d withdraw 1,000 NBT to FLOT to keep the exchange default risk the same as it is now.
I’d like to hear opinions from other FLOT members before I’m going to sign it.

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I think we d rather replenish a bit the buy side though it is not necessary.

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Putting money on the buy side as well provides an incentive for using NBT as BTC volatility hedge.
Do we really want to provide incentives for that?
Or do we want to offer NBT for sale for people who want to actually use them (for more than just hedging BTC volatility risk…)?
From the trading volume on hitBTC you can make a guess what NBT traders are after!

In fact NBT on sell side only supported exchanges still can still be used to hedge BTC volatility, but not as convenient as at dual side supported exchanges: the NBT must be sent to an exchange with a supported buy side,

2 Likes

Well, given the current situation it isn’t urgent but nmei’s gateway has also starved for a while. The formal activation is going to be triggered by FLOT deposit so there’s no hurry, but seeing no discussion on e.g. the amount of funds to send I had to raise this before start.

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…you could have started a discussion without creating a tx…
Just sayin’ :wink:

Like this ?

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Right, but then @nmei put the operation on hold, because of absence and I took the liberty to step in with an offer that was accepted.
So currently there’s sell side liquidity at hitBTC:

Which leaves the question:

10,000 NBT from my Poloniex gateway account to FLOT multisig address BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js; tx ID 5cf7ccc3f856a4ccf786c1ad1bb95fddd79131c66bf37194944f21486a7b5809

8,354 NBT wait for the reset of the withdrawal limit to be withdrawn.

2 Likes

I’ve created a transaction to exchange 7000 NBT with NuLagoon

verify

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

Rationale: after sending FLOT funds to gateways, the liquidity will be more imbalanced towards the buy side

@masterofdisaster
@woodstockmerkle
@ttutdxh
@jooize

I’ll sign later when there is some form of agreement among FLOT

##1) A recent deposit to the FLOT NBT address

##2) Rationale for signing this tx
@zoro’s gateway has an empty buy side while a 13.2 BTC deposit (approx 6,000 NBT value) is withheld.
This tx helps moving BTC from NuLagoon to @zoro’s gateway without creating imbalance in the sides.
After this tx went through there’s little reason in the field of balancing that can stop from depositing 13.2 BTC to @zoro’s gateway.

7,000 NBT to NLT; verified and signed 1 of 3/5

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

I’ll sign the other one when this goes through

verified and signed 2-3-5:

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
1 Like

7,000 US-NBT to NLT

Signed 3 of 3-of-5

01000000dc2f205701ae7f560c7271dfe6bebc8c8975c49c349d2256a0edbf2d7903f6aedefb78642101000000fd88010047304402205b960d92e8743c79354ff74bd7546a374238b1d411cce3663b2f0576cfd5694d022027bebb8dc570bc4e79eeb7cc6e57cf5e29bb23c4634cedba80873cac717752a3014730440220246ab3989f3f6fb2f52d79104d30566f2d550f3fba8a882839c51bdb83c1f76f022044179b86a52cbeb3e75885d487cdb55c117381ba786289afa0ee70d02efaee140147304402200cc04e0c43d1406a545f8fd07d5660bbd9ba7ec577b7ef9d77df89c55cbd44f402206eb89c344a0a21d409b1023e83f31c5015ab1e62e5e63716d34f724841b93303014cad5321034b0bd0f653d4ac0a2e9e81eb1863bb8e5743f6cb1ea40d845b939c225a1a80ff2102a144af74d018501f03d76ead130433335f969772792ec39ce389c8a2341552592103661a4370dfcfbcea25d1800057220f4572b6eecab95bb0670e8676a9e34451dc210234139729dd413c84a71a0bfd6f236790be861b37311cef3240277c940e4b0c072102547427fc2ea3a0ab9ef70f5e1640ff5112b113f65696948f992bd0770b94257155aeffffffff02801d2c04000000001976a914970b05312d6e0657561f56e72a016f5c1962599388ac54c2c9010000000017a914f35b24f264597d66ba8c366a5005824bb6a06138870000000042

Txid: 6faad7bb11a5c6a307df2d2c0615c32854aa6266a835d15354e7eec6cc757a7e

1 Like

Exchanged BTC arrived; tx id fc0a7c99af371dae4e0ec2560197885ee4e6bcf9fcec0aae8e8f7a1c07d73aa0

New balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe: 58 BTC

@dysconnect, it went through :wink:

3 Likes

only have 455NBT at my bter sell side.

please consider to balance the account to deposit address

BD6anJNUEvWuPEL7YWdid8dD3rar9C69Je

2 Likes

1,545 NBT to @huafei’s bter sell side gateway

Signed 1 of 3/5

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

@dysconnect, @ttutdxh, @jooize, @woodstockmerkle, please verify and sign.

Remark:

2 Likes

Signed 2 of 3-of-5

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

Verify

Note that Cointoolkit does not show a balance for the input, but I think it is valid.

Yah, something’s wrong there. I set a tx fee of 0.01 NBT for that tx, which isn’t shown either…

It is because the external data could not be loaded due to connection problems with the blockexplorer (as always) and cointoolkit only show the tx data (output amount). Not knowing the input, it can not compute the fee.

Verified and signed 3 of 3/5

Thank you for the explanation!
It would be great to have a more reliable blockexplorer…

1,545 NBT to @huafei’s bter NuBot account tx ID: 892fa5f7617927d52b0d09b4ad14dcc54aa6f7c0185f773fa1a8317700a8f26b
blockexplorer.nu
alternatively on Coinpayments explorer

blockexplorer.nu is stuck at block 868,528.

got the 1545NBT and 1% deposit bonus

@masterOfDisaster should i have a resart of nubot or waiting for nubot place order?

1 Like