This account will be conducting NSR buybacks in accordance with this motion. Each buyback week a new thread will be created for shareholders to monitor. At the conclusion of the week the final results will be posted here along with a confirmation link showing the NSR burn. The thread will then be locked.
The only goal of this account is to purchase as many NSR as possible each buyback week to be destroyed using the funds provided by shareholders. A successful NSR burn will result in all shareholders attaining a larger equity percentage of the Nu network than they held before the NSR burn.
If you would like to sell us your personal NSR for less than 70% of the market price each week, send a bitmessage to BM-2cVFzzfWwKkdxLmgZwhSFfGmKwqDrddDfv to negotiate a deal.
Those 25m are frozen and would be used only to protect the peg at the last resort.
Therefore they are not minting and they would be never used put into sales unless under extreme emergency in case Nushareholders need to tap into Tier6.
We have burned 30,890,668 NSR since buybacks began. The current circulating supply is 812,004,549 NSR, not counting FLOT funds. This week’s buyback was completed on Thursday at 100% of market price.
The BTC fund amount for NSR Buyback #14 next week will be announced when it is available.
