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.
This week will begin with 14.79 BTC estimated at 5,600.89 NBT
What was the NuShare supply before the February hacks and subsequent auctions? Iām wondering how far we have to go until the supply is back to where it was before the crisis.
Only 2.5 million NSR were auctioned, as far as I can tell, above the initial 800 million total IPO. We have averaged 2.6 million NSR burned per week for the last 19 weeks. Minting has made a significant difference in supply as well, we mint something like 400 kNSR/week. That adds up to something like 30 million NSR minted since inception. So my numbers are off by like 10 million it seems, as the supply would be ~845 million without buybacks,