Liquidity Operations will commence an incentive program for NuShare market makers immediately. The high NuBit to NuShare liquidity ratio discussed here is the main reason NuBit price support is currently low. We can improve the ratio, hopefully dramatically, by incentivizing market making in NuShares. It is hoped this will bootstrap NSR liquidity and improve the NBT to NSR liquidity ratio. That in turn should improve NuBit price support, which should in turn increase enthusiasm and interest in NuShares, creating a virtuous and constructive cycle resulting in peg restoration and NSR appreciation.
NSR Market Maker Incentive is 2% of the value of all your NSR trades where liquidity was provided by limit order, and will be paid by Liquidity Operations to market makers.
What are market makers expected to do?
Contact @jooize or myself to get approved as a market maker. We will try to make it easy. A relationship is needed to mitigate the risk of fraudulent claims. Trusted community members will be immediately approved. Newcomers may be asked to briefly answer some simple questions.
Once approved by Liquidity Operations, market makers should commence market making at one or more NSR exchanges. This means placing buy and sell orders at prices of their choosing, either manually or using automation. They may, for instance, choose to place a buy order for NSR at 3 satoshis and sell orders at 4 satoshis.
Submit trading records, a list of the trades you made that were eligible for incentives, and the total value of the trades to Liquidity Operations.
You will receive payment in NSR from Liquidity Operations after your claim is reviewed.
Please contact @jooize or @Phoenix on this forum, on our chat, by Bitmessage at BM-2cU99iZPcZ4AJUCzU2G797SNc9aRkLkyL9 or email at email@example.com to get approved as a market maker and start making extra money from trading NSR!