NSR Buyback #7 - Week of November 9, 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
Buyback #6: Week of November 2, 2015

[NSRBuyback]

Monday, November 9, 2015

Beginning amount of buyback funds: 29.6 BTC (13 BTC on Poloniex, 16.6 BTC on BTER)

Market price: 0.00000878 BTC

Buyback price: 0.00000615 BTC (70% of market price)

Exchanges: Poloniex & BTER

Buy walls are set.

Note: If you would like to sell us NSR, please place sell walls on Poloniex and BTER soon or contact us directly. Unless more sell orders are placed on the thin sell walls, we are forecasting this to be the first buyback week where there will be a rollover of funds to the following week because of this motion clause:

If any excess funds remain on Friday they will be used to purchase NSR from the sell wall on Poloniex, up to a maximum of Thursday’s market price plus 50%.

We hope NuShareholders are excited about the prospect of finally beginning their ascent up the rankings of coinmarketcap.com. While past performance is no guarantee of future performance, if several more lucrative buyback weeks occur NuShares could potentially vault into the #1 cryptoequity slot in the world above BitShares.

[NSRBuyback]

Tuesday, November 10, 2015

Beginning amount of buyback funds: 29.6 BTC (13 BTC on Poloniex, 16.6 BTC on BTER)

Market price: 0.00000910 BTC

Buyback price: 0.00000728 BTC (80% of market price)

Exchanges: Poloniex & BTER

Buy walls are set.

[NSRBuyback]

Wednesday, November 11, 2015

Beginning amount of buyback funds: 29.6 BTC (13 BTC on Poloniex, 16.6 BTC on BTER)

Market price: 0.00001001 BTC

Buyback price: 0.00000900 BTC (90% of market price)

Exchanges: Poloniex & BTER

Buy walls are set.

Notes: This is the first day of buybacks where the market price has exceeded 0.00001000 BTC.

The NSR trading volume today is $8,364. This is the highest amount since ten months ago on February 13, 2015.

Had today been Friday, we would have capped our repurchases at 0.00001500 BTC (0.00001000 BTC + 50%) as there are less sell orders to this price level than the amount of BTC in our possession. Our goal is to maximize the number of shares repurchased, so please place NSR sell walls on Poloniex or BTER soon if you would like BTC from this week’s buyback. You can also contact us through PM, or BitMessage at BM-2cVFzzfWwKkdxLmgZwhSFfGmKwqDrddDfv.

[NSRBuyback]

Thursday, November 12, 2015

Beginning amount of buyback funds: 26.91 BTC (12.99 BTC on Poloniex, 13.92 BTC on BTER)

NSR purchased: 249,753 NSR

Market price: 0.00001077 BTC

Buyback price: 0.00001077 BTC

Exchanges: Poloniex & BTER

Buy walls are set.

[NSRBuyback]

Friday, November 13, 2015

The buyback motion states:

If any excess funds remain on Friday they will be used to purchase NSR from the sell wall on Poloniex, up to a maximum of Thursday’s market price plus 50%.

Thursday’s market price of 0.00001077 BTC means that the maximum buyback price for Friday is 0.00001615 BTC.

We have completed our BTC purchases this week on both Poloniex and BTER. The majority of funds were transferred to Poloniex where the price was purchased up to 0.00001470 BTC/NSR. BTER had approximately 2.2 BTC used to purchase NSR, with about 1.6 BTC purchasing up to 0.00001450 BTC/NSR and the remaining 0.6 BTC up to 0.00001550 BTC/NSR.

416,301 NSR have been withdrawn from BTER.

450,000 NSR have been withdrawn from Poloniex. 1,428,484 NSR remain on Poloniex. The previous withdrawal situation has been resolved.

We estimate it will take until Monday to withdraw all NSR, at which point the burn will be posted in this thread. Thank you for your patience.

[NSRBuyback]

Saturday, November 14, 2015

Withdrawals from Poloniex are still continuing. The $2000 per day limit creates some difficulties with the rapidly rising price of NSR, as the value of NSR in our account is continually increasing. We anticipate that withdrawals for Buyback #7 will not be complete until Tuesday at this rate.

If any shareholders request it, we will do partial burns with the amounts we have collected already. The same NSR address is used for every weekly buyback burn to create transparency.

We may be approaching a trusted community member to help with buybacks. The theoretical limit for buybacks at Poloniex is $14,000 per week ($2,000 per day) which we are approaching in next week’s Buyback #8. If shareholders don’t place more orders on BTER we will require a second buyback executor due to Poloniex’s restriction on one account per person.

[zoro]

i don’t understand why you are not going for level2 verificaton in polo to increase daily limits to 7000$.
all they need are below:

Street Address:
Street Address 2:
City:
State:
Postal Code:
Phone Number:

which could be anything if you don’t want to give your actual data

[NSRBuyback]

i don’t understand why you are not going for level2 verificaton in polo to increase daily limits to 7000$.all they need are below:

We don’t plan on falsifying personal data submitted for Level 2. Poloniex follows US regulations very strictly and it would be unfortunate if we placed shareholder funds at risk. The easy solution will be to find a second executor that can work in tandem with the current team, should share buybacks continue to increase in size.

[zoro]

then for Level1 you have written a valid name and country?
so, what could go wrong if you put the valid address of that person?

[NSRBuyback]

The daily NSR withdrawal is complete and we now have 1,266,297 NSR in our possession. There are approximately 1,028,484 NSR remaining to be withdrawn.

[jooize]

There may be many people with the same name in a country. An address in combination is way more pinpointing.

[NubitGuy]

I have level 2 poloniex 7000 with a good rep with polo Mods as BitsGuy also almost full pink with users and planning for level 3. $25000 usd daily limit withdrawal if I can help in anyway I have no problem buying and withdrawal too a NSR address directly link to you for burning as second executor when the btc founds get larger too buy nsr for burning Nubits will need more executor then just 1 or 2 if fund exceeds withdrawal daily limit per accounts

[NSRBuyback]

Update:

678,484 NSR remain to be withdrawn from Poloniex. It should be complete 48 hours from now.

[NSRBuyback]

Update:

278,484 NSR remain to be withdrawn from Poloniex. It should be complete 24 hours from now, at which point details of the burn will be posted here.

[NSRBuyback]

NSR Buyback #7 is complete. 2,394,775 NSR were burned.

Debit: 0.00 NSR
Credit: 0.00 NSR
Transaction fee: -2394775.00 NSR
Net amount: -2394775.00 NSR
Transaction ID: e0cb202aaf28ed384cb09ded29b329e93afab275f070b10c8484891595c7c513

We have burned 10,985,243 NSR since buybacks began. Shareholders have likely noticed a significant increase in the market price of NSR during this buyback period.

38.6 BTC worth 12,991 USD will be used for NSR Buyback #8 next week.

[tomjoad]