NSR Buyback #19 - Week of February 1, 2016

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

Most Recent Ten Buybacks:

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
Buyback #15: Week of January 4, 2016
Buyback #16: Week of January 11, 2016
Buyback #17:Week of January 18, 2016
Buyback #18:Week of January 25, 2016

buyback fund still on the way?

Monday, February 1, 2016

Beginning amount of buyback funds: 14.79 BTC

Market price: 0.0000949 BTC

Buyback price: 0.00000664 BTC (70% of market price)

Exchanges: Poloniex

Buy walls are set.

1 Like

Tuesday, February 2, 2016

Beginning amount of buyback funds: 14.79 BTC

Market price: 0.0000901 BTC

Buyback price: 0.00000721 BTC (80% of market price)

Exchanges: Poloniex

Buy walls are set.

Wednesday, February 3, 2016

Beginning amount of buyback funds: 14.79 BTC
Remaining funds: 3.967 BTC

Market price: 0.0000785 BTC

Buyback price: 0.00000707 BTC (90% of market price)

Exchanges: Poloniex

Thursday, February 4, 2016

Beginning amount of buyback funds: 14.79 BTC
Remaining funds: 3.967 BTC

Market price: 0.0000835 BTC

Buyback price: 0.00000835 BTC (100% of market price)

Exchanges: Poloniex

Buy walls are set.

2 Likes

NSR Buyback #19 is complete. 1,972,250 NSR were burned.

Transaction ID: 194e31351379684d39ad1c4fc7d9915750909386eb2a0b4a7137b67a18eeab17

The circulating NSR supply is now 795,362,501.6 NSR, not counting FLOT funds. Please keep an eye to this page for running totals.

1 Like

What was the NuShare supply before the February hacks and subsequent auctions? I’m wondering how far we have to go until the supply is back to where it was before the crisis.

1 Like

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,