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:
Buyback #1: Week of September 28, 2015
Buyback #2: Week of October 5, 2015
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Monday, October 12, 2015
Beginning amount of buyback funds: 9.80 BTC
Market price: 0.00000905 BTC
Buyback price: 0.00000633 (70% of market price)
Exchange: Poloniex
Buy wall is set.
Tuesday, October 13, 2015
Beginning amount of buyback funds: 9.80 BTC
Market price: 0.00000903 BTC
Buyback price: 0.00000722 (80% of market price)
Exchange: Poloniex
Buy wall is set.
Wednesday, October 14, 2015
Beginning amount of buyback funds: 9.80 BTC
Market price: 0.00000880 BTC
Buyback price: 0.00000792 (90% of market price)
Exchange: Poloniex
Buy wall is set.
Thursday, October 15, 2015
Beginning amount of buyback funds: 9.80 BTC
Market price: 0.00000900 BTC
Buyback price: 0.00000900 BTC
Exchange: Poloniex
Buy wall is set.
Friday, October 16, 2015
We have purchased approximately 8.50 BTC worth of NSR so far. The remainder will be purchased as soon as the 24 hour withdrawal limit for Poloniex expires.
We will provide transaction details of the NSR burn on Saturday or Sunday, similar to NSR Buyback #1.
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NSR Buyback #3 is complete. 1,061,582 NSR were burned.
Debit: 0.00 NSR
Credit: 0.00 NSR
Transaction fee: -1061582.00 NSR
Net amount: -1061582.00 NSR
Transaction ID: d32fee08a27da3ee19297473881d1ccb4ee5e9185301a5791782861a280dda5b
In only three weeks of buybacks the price of NSR has risen from 0.00000777 BTC to over 0.00000920 BTC, with our repurchases this week hitting 0.00000950 BTC. There are less than 2,200,000 NSR remaining on Poloniex and BTER’s order books before the price will hit 0.00001000 BTC.
There is no better advertisement for the Nu network at this stage of existence than a high placing on coinmarketcap.com. The three buybacks that have occurred so far have raised NuShares from 24th to 18th on the rankings. With the price of BTC showing healthy growth this week, and therefore a larger NSR buyback on the way, the potential exists to jump another spot or two.
Best of all, NuShareholders who are holding their shares for the long-term have seen their percentage stake in the network increase with each NSR buyback.
11.2 BTC worth 3024 USD will be used for NSR Buyback #4 next week.
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