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.
Most Recent Ten Buybacks:
Buyback #5: Week of October 26, 2015
Buyback #6: Week of November 2, 2015
Buyback #7: Week of November 9, 2015
Buyback #8: Week of November 16, 2015
Buyback #9: Week of November 23, 2015
Buyback #10: Week of November 30, 2015
Buyback #11: Week of December 7, 2015
Buyback #12: Week of December 14, 2015
Buyback #13: Week of December 21, 2015
Buyback #14: Week of December 28, 2015
Monday, January 4, 2016
Beginning amount of buyback funds: 34.1 BTC (10 BTC on Poloniex, 24.1 BTC on BTER)
Market price: 0.00000886 BTC
Buyback price: 0.00000620 BTC (70% of market price)
Exchanges: Poloniex & BTER
Buy walls are set.
3 Likes
Tuesday, January 5, 2016
Beginning amount of buyback funds: 34.1 BTC (10 BTC on Poloniex, 24.1 BTC on BTER)
Market price: 0.00000697 BTC
Buyback price: 0.00000558 BTC (80% of market price)
Exchanges: Poloniex & BTER
Buy walls are set.
1 Like
Wednesday, January 6, 2016
Beginning amount of buyback funds: 32.5504 BTC (10 BTC on Poloniex, 22.5504 BTC on BTER)
NSR Repurchased: 277,712 NSR
Market price: 0.00000697 BTC
Buyback price: 0.00000627 BTC (90% of market price)
Exchanges: Poloniex & BTER
Buy walls are set.
3 Likes
Thursday, January 7, 2016
Beginning amount of buyback funds: 27.7986 BTC (10 BTC on Poloniex, 17.7986 BTC on BTER)
NSR Repurchased: 1,033,489 NSR
Market price: 0.00000734 BTC
Buyback price: 0.00000734 BTC (100% of market price)
Exchanges: Poloniex & BTER
Buy walls are set.
2 Likes
We have completed our purchase of 34.1 BTC worth of NSR. We are very pleased that we were able to purchase approximately 4,823,305 NSR for burning this week, meaning over 0.5% of all circulating NSR will be destroyed this week alone. 2,600,000 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.
Thanks to @Nagalim who has compiled some useful summary stats of this account’s performance so far: NSR Buyback Stats
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.
2 Likes
NSR Buyback #15 is complete. 4,823,295 NSR were burned.
Debit: 0.00 NSR
Credit: 0.00 NSR
Transaction fee: -4823295.00 NSR
Net amount: -4823295.00 NSR
Transaction ID: cda425c3a6acc7ee45976c41e3699b13d688d5b5e794aa864be597c9bdb7f0aa
We have burned 39,612,393 NSR since buybacks began. The current circulating supply is 804,126,536 NSR, not counting FLOT funds. One more strong buyback week could take us under 800,000,000 NSR. This week’s buyback was completed on Thursday at 100% of market price.
31.4 BTC worth 14,004 USD will be used for NSR Buyback #16 next week.
Shareholders should consider electing a new executor if they would like share buybacks to continue past January 18, 2016.
5 Likes