Chinese NuBits will be enabled in the protocol in just five days (November 28). After that, I will request a custodial grant of Chinese NuBits. So, in about two weeks I expect we will have Chinese NuBits in hand, ready to use in the new version of NuBot @woolly_sammoth has provided us with.
This means it is time to turn our attention to marketing of Chinese NuBits. I am hoping we can find a Mandarin speaker who can lead some marketing efforts. I would like this person to tell us what needs to be done, but an initial item that will be important is exchange support. We need someone to recruit exchanges to list it. We want those exchanges to list Chinese NuBits as the denominator of the trading pair, so the BTC price reads as somewhere around 5300 CN-NBT. We may be able to make deals with exchanges that if they list CN-NBT, we will provide a certain level of liquidity.
In attempting to recruit exchange partners, we can point out that there is about 2.5 times as much demand for bitCNY as bitUSD, so one might guess we will see more demand for Chinese NuBits than US NuBits over time. The monthly volume for US-NBT is 210,000 right now, but is up relative to what it was a few months ago. We hope to continue growing it back to the levels it was at earlier this year, and then exceed that.
Any Mandarin speakers here who are interested in helping? Perhaps we could set up an incentive structure. I certainly don’t expect this to be done for free. What would you suggest as compensation?
As an aside, once our Chinese NuBit deployment is out of beta I expect we will release European NuBits. If we can get Chinese NuBits listed on a couple exchanges quickly, it is possible we could see a launch of EU-NBT as early as January.
