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.
All shareholders should be aware there is only one executor for share buybacks right now on the @NSRBuyback account, and any change in that status will be publicly communicated. I am aware of one shareholder changing his user name on Poloniex to “NSRBuybackTeam”. To be clear, @NSRBuyback is the only account that is authorized to conduct buybacks, either through a PM on this forum or the BitMessage address BM-2cVFzzfWwKkdxLmgZwhSFfGmKwqDrddDfv.
We want to avoid a situation where a shareholder is disappointed because they have sent NSR to an individual who is not authorized to perform buybacks for the network.
We have completed our purchase of 37.5 BTC worth of NSR. We are very pleased that we were able to purchase approximately 3,898,437 NSR for burning this week. 2,500,000 NSR have been requested for withdrawal and the remainder will be withdrawn within 48 hours. We will provide transaction details of the NSR burn on or before Saturday or Sunday, similar to previous buybacks.
All NSR this week were purchased at 80% of market price, despite the market price (in BTC terms) increasing this week. All shareholders should be thrilled the buybacks are progressing faster than expected, because it means every shareholder’s equity percentage stake is increasing quicker than expected.
If you would like to guarantee your NSR are sold in future buyback weeks, you should be contacting us through this account or through our BitMessage address at BM-2cVFzzfWwKkdxLmgZwhSFfGmKwqDrddDfv to arrange a sale at 70% of market price or lower.
We have burned 34,789,098 NSR since buybacks began. The current circulating supply is 812,321,620 NSR, not counting FLOT funds. This week’s buyback was completed on Tuesday at 80% of market price.
The BTC fund amount for NSR Buyback #15 next week will be announced when it is available.