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.
Previous Buybacks:
Week of September 28, 2015
@Coingame Would you be able to create a Buybacks section in the NuShares subforum? It would be helpful to have our buybacks clearly documented in the same way dividends are.
Monday, October 5, 2015
Beginning amount of buyback funds: 9.90 BTC
Market price: 0.00000841 BTC
Buyback price: 0.00000589 (70% of market price)
Exchange: Poloniex
Buy wall is set.
Tuesday, October 6, 2015
Beginning amount of buyback funds: 9.90 BTC
Shares purchased thus far: 0 NSR
Market price: 0.00000908 BTC
Buyback price: 0.00000726 (80% of market price)
Exchange: Poloniex
Buy wall is set.
Wednesday, October 7, 2015
Beginning amount of buyback funds: 9.90 BTC
Shares purchased thus far: 0 NSR
Market price: 0.00000908 BTC
Buyback price: 0.00000817 (90% of market price)
Exchange: Poloniex
Buy wall is set.
2 Likes
Thursday, October 8, 2015
Beginning amount of buyback funds: 9.889 BTC
Shares purchased thus far: 1205 NSR
Market price: 0.00000908 BTC
Buyback price: 0.00000908 BTC
Exchange: Poloniex
Buy wall is set.
1 Like
Friday, October 9, 2015
We have purchased NSR using the remainder of our BTC from a Poloniex sell wall set at 0.00000920 BTC.
In total, we have purchased approximately 1,080,000 NSR this buyback period. We have withdrawn 850,000 NSR to a wallet, and will withdraw the remainder after Poloniex’s 24 hour limit has expired.
We will provide transaction details of the NSR burn on Saturday or Sunday, similar to NSR Buyback #1.
2 Likes
NSR Buyback #2 is complete. 1,084,472 NSR were burned.
Debit: 0.00 NSR
Credit: 0.00 NSR
Transaction fee: -1084472.00 NSR
Net amount: -1084472.00 NSR
Transaction ID: e08249ab6f0bafb705cf1426648b186ae21ae31f58505f47bc0938fae9d068f6
1 Like