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
Buyback #3: Week of October 12, 2015
Buyback #4: Week of October 19, 2015
Monday, October 26, 2015
Beginning amount of buyback funds: 11.60 BTC
Market price: 0.00000900 BTC
Buyback price: 0.00000630 (70% of market price)
Exchange: Poloniex
Buy wall is set.
Tuesday, October 27, 2015
Beginning amount of buyback funds: 11.60 BTC
Market price: 0.00000889 BTC
Buyback price: 0.00000711 BTC (80% of market price)
Exchange: Poloniex
Buy wall is set.
Wednesday, October 28, 2015
Beginning amount of buyback funds: 11.60 BTC
Market price: 0.00000851 BTC
Buyback price: 0.00000766 BTC (90% of market price)
Exchange: Poloniex
Buy wall is set.
Thursday, October 29, 2015
Beginning amount of buyback funds: 11.60 BTC
Market price: 0.00000770 BTC
Buyback price: 0.00000770 BTC
Exchange: Poloniex
Buy wall is set.
Friday, October 30, 2015
We have completed our purchase of 11.60 BTC worth of NSR. We are pleased that we were able to purchase approximately 1,233,371 NSR for burning this week. 527,889 NSR have been withdrawn and the remainder will be withdrawn within 24 hours.
We will provide transaction details of the NSR burn on Saturday or Sunday, similar to previous buybacks.
NSR are now at 0.0030 USD on coinmarketcap.com for the first time in months. Sell walls on Poloniex and BTER are rapidly decreasing as well. If share buybacks break through the 0.00001000 BTC sell walls, the potential exists for the price to escalate very quickly beyond that price.
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NSR Buyback #5 is complete. 1,233,367 NSR were burned.
Debit: 0.00 NSR
Credit: 0.00 NSR
Transaction fee: -1233367.00 NSR
Net amount: -1233367.00 NSR
Transaction ID: 821843e284b10001faf75be939f9798711633383a2ee008cc6064b0775df8523
22.3 BTC worth 7265 USD will be used for NSR Buyback #6 next week.
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