The funding of B&C Exchange ended with $320,764 total funds raised.
How are the $320,764 kept - more or less 320,764 NBT?
I’m asking, because Nu might try to consider NBT that are paid for development hitting the buy side.
If large amounts of NBT are ending up at the exchanges buy side, it might sooner or later impact the liquidity situation.
So what I’m basically asking is:
- how are the development funds kept - all in NBT or is a part of it in other cryptocurrency assets (which have no direct effect on the NBT liquidty situation)?
- how many funds have already been paid for development?
- how many funds are going to be released per month - is there a kind of schedule?
- if the funds that are released are going to exceed the buffer provided by T4 buy side, NSR holders can prepare
- to raise park rates
- to negotiate with developers to offer them conversion of NBT to NSR (as BCE developers are Nu developers as well, they might have a soft spot for NSR)
The last bullet point might seem to make no sense in the light of NSR buybacks to increase scarcity of NSR.
It’s true that this would dilute NSR. I’m just trying to ask early for it, because depending on the amount of NBT that is going to hit the buy side, there might be no other chance, but to initiate NSR sales to remove NBT from the market.
If the NBT are traded are off exchange before it’s really necessary to do it, this has a smaller impact on the NSR price. Some developers might be interested in such a conversion (NBT->NSR).
I’ve put this in the “Liquidity” section because I think it’s more related to liquidity than to BCE