Sell side liquidity is currently low as described here. To correct the liquidity imbalance, FSRT will bring some of its NBT to market.
One way for FSRT to keep its funds under joint control as opposed to the control of a single FSRT member is to keep our funds off exchanges (where funds can be accessed with login credentials). Instead, we can arrange direct exchanges of BTC and NBT without the NBT ever leaving multisig addresses, until it is transferred to the purchaser.
This is a bit of an experiment and we are sure the results will be informative. We will start by offering NuBits for exactly $1.00. Payment must be made in Bitcoin. An exchange rate will be agreed using the current coinmarketcap.com rate, which is $326.17 right now. Generally, $1.002 or more must be paid on the open market for a NuBit, so it is possible selling for $1.00 exactly will provide enough discount to provide incentive to purchase. If that proves not to be the case, we will lower the price slightly to increase the arbitrage opportunity until enough offers are made to balance liquidity walls.
All BTC proceeds from NBT sales will go straight to tier 4 buy side funds, which are currently being used for share buybacks as well.
If you would like to purchase NBT at 1.00 to help us inject the market with the additional downward peg pressure that is currently needed, you have three ways you can negotiate the trade:
- Right here in this thread.
- By private messaging FSRT on this forum.
- By contacting us on Bitmessage at BM-2cWWSMDmcUtMw4kU352wtDCe91xrEUmKfW
2000 NBT is the minimum order size that will be accepted, while 20,000 NBT is the maximum we will sell at this time.
To bid, specify how many NBT you would like and what address you would like them sent to. We will reply with a BTC address and BTC amount. Once you have sent BTC, your NBT will be sent from one of our multisig addresses.