NSR Buyback #6 - Week of November 2, 2015

[NSRBuyback]

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
Buyback #5: Week of October 26, 2015

[NSRBuyback]

Monday, November 2, 2015

Beginning amount of buyback funds: 22.3 BTC

Market price: 0.00000924 BTC

Buyback price: 0.00000647 BTC (70% of market price)

Exchanges: Poloniex & BTER

Buy walls are set.

Notes: Due to the large size of this week’s buyback, 4.3 BTC has been placed on Poloniex and 18 BTC has been placed on BTER. This was chosen because BTER has more shares for sale at lower prices. If the BTER sell walls are in place at the end of the week, this allocation of the 22.3 BTC will allow for a quicker burning, as the 24 hour Poloniex withdrawal limit of $2000 can be avoided. The market price of 0.00000924 BTC was selected from Poloniex, and the buyback wall has been set at 0.00000647 BTC on both exchanges.

[NSRBuyback]

Tuesday, November 3, 2015

Beginning amount of buyback funds: 22.3 BTC

Market price: 0.00000883 BTC

Buyback price: 0.00000706 BTC (80% of market price)

Exchanges: Poloniex & BTER

Buy walls are set.

[NSRBuyback]

Wednesday, November 4, 2015

Beginning amount of buyback funds: 22.3 BTC

Market price: 0.00000900 BTC

Buyback price: 0.00000810 BTC (90% of market price)

Exchanges: Poloniex & BTER

Buy walls are set.

[NSRBuyback]

Thursday, November 5, 2015

Beginning amount of buyback funds: 21.1 BTC

NSR purchased: 142,596 NSR

Market price: 0.00000843 BTC

Buyback price: 0.00000843 BTC

Exchanges: Poloniex & BTER

Buy walls are set.

[NSRBuyback]

NSR Buyback #6 is complete. 2,677,693 NSR were burned. This is our largest buyback to date; in fact, over twice as large as our previous record.

Debit: 0.00 NSR
Credit: 0.00 NSR
Transaction fee: -2677693.00 NSR
Net amount: -2677693.00 NSR
Transaction ID: a074fce456bf99318a8030def4fa0a36ac9a0a86bf514c7406686b58761c425d

The share buyback was completed one day early this week. We negotiated an off-exchange purchase of 2,535,101 NSR at Thursday’s discounted price of 0.00000834 BTC. We hope that shareholders are pleased with this result. We have already burned 8,590,468 NSR since buybacks began, or over 1% of the NSR supply since the first week.

29.6 BTC worth 11,054 USD will be used for NSR Buyback #7 next week.

[tomjoad]