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.
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.
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.
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.
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.
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.
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
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.
