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 is not freely circulating and subject to rules. FLOT funds are in reserve and would only be considered to be unlocked when tier 6 funds are required to maintain the peg.
We could pass a motion to burn NSR FLOT and it would happen without using additional funds. We can’t pass a motion and burn any of the other NSR without compensating the shareholder as in a buyback. NSR FLOT is not in circulation, as @cybnate said.
OK - I understand the FLOT NSR shall be treated differently from the standard NSR, from the owner and storing perspective.
However, its monetary value (its primary purpose as a reserve) as a token is equal to that of the standard NSR…