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 an email to nagalimnu@gmail.com to negotiate a deal.
It will be considered, if I create the transaction (and remember it). Would 2:1 (polo:bter) be ok?
If you want to have the funds spread in a specific ratio, you might want to create the next transaction after somebody has made the calculation.
Yah, im prolly gonna try my hand at the calculation next week. I dont have any experience with cointoolkit though and id rather not delve into that just yet with all the other stuff on my plate, but maybe.
I know!
Distribute it.
There are still too many, who lean back and let others do the work…
Or just wait, let nobody do it and be filled with wonder if you see the fee I’m going to attach, if I finally consider to do it…
I’m done with diplomatic solutions. Maybe that will change during my recovery.
We need incentives to motivate others. A few who work for free is just too convenient for the rest.
Not all have ideological motives. Those need to be confronted with costs.
Deposit /withdrawal fee structure on bter for cryptocurrencies was quite complicated due to historical reason, different fee structure for different currencies.
To make it simple, bter has adjusted its fee structure. For any cryptocurrency, there is a bonus of 1% for deposit, and a fee of 1% for withdrawal (plus the fee for transfer currencies via networks when withdrawing, which is different for different crypto-currencies)
Beginning amount of buyback funds: 19 BTC (9.5 BTC on Poloniex, 9.5 BTC on BTER)
Amount of BTC used thusfar: 17.4 BTC
Market price: 0.0000091 BTC
Buyback price: 0.0000091 BTC (100% of market price)
Exchanges: Poloniex
Buy walls are set.
Please note that shareholders will need to pay the 1% withdrawal fee to Bter for this weeks buybacks. Fortunately, only a quarter of this weeks funds were spent on Bter.
Sorry, it’s all purchased. Im just being slow about withdrawing, ill be sure to take care of it tonight. I suppose I should have made a post to that effect but the funds will be burnt tonight with a full report.
We have burned 47,863,480 NSR since buybacks began. The circulating NSR supply is now 796,979,148.9 NSR, not counting FLOT funds. Please keep an eye to this page for running totals.
