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.
It is worth pointing out that the week ending November 21 had the highest number of nubits.com visitors since early March. Share buybacks are increasing Nu’s visibility in a powerful way. Look for these website metrics to strengthen further if we reach the top 10 of market cap.
Beginning amount of buyback funds: 64.3 BTC (15 BTC on Poloniex, 49.3 BTC on BTER)
Market price: 0.00001900 BTC
Buyback price: 0.00001710 BTC (90% of market price)
Exchanges: Poloniex & BTER
Buy walls are set.
Notes: There appears to be at least one seller on BTER who is matching our buy-side wall with an equivalent sized sell-side wall at higher prices, likely in anticipation of our Friday purchase. If you want to sell NSR this week, you might consider selling into our current 0.00001710 BTC buy wall.
Beginning amount of buyback funds: 34.25 BTC (2.91 BTC on Poloniex, 31.34 BTC on BTER)
NSR purchased: 1,752,906 NSR
Market price: 0.00001710 BTC
Buyback price: 0.00001710 BTC (100% of market price)
Exchanges: Poloniex & BTER
Buy walls are set.
Note: Because the most recent market transaction was a sell into our 0.00001710 BTC buy wall, the same market price will be in effect for Thursday, November 26. We have started the process of withdrawing the NSR in our possession from Poloniex and BTER to ensure a quick burn on the weekend.
There is a shareholder who is selling into our buy walls as this post is being written. If you are planning on selling NSR this week, you should consider selling quickly.
We have completed our purchase of 64.3 BTC worth of NSR. We are pleased that we were able to purchase approximately 3,752,710 NSR for burning this week. 2,350,000 NSR have been withdrawn and the remainder will be withdrawn within 48 hours.
We will provide transaction details of the NSR burn on Saturday or Sunday, similar to previous buybacks.
This week shareholders were able to avoid paying the Friday premium prices for NSR. This is a positive outcome from our perspective; we have acquired a larger number of NSR than initially expected.
