Nu Blind Auction NSR #10 (closed)


#1

Lot: 30,150,000 NSR (NuShares)
Estimated reserve price: 0.00035 US‑NBT/NSR or 43 satoshi/NSR
Minimum bid: 500,000 NSR
Closes: End of Friday 2016–08–26 UTC

  • I promise to keep identities confidential, but blockchain transactions cannot be hidden.
  • All bids will be publicly listed after auction closes, before payment has been collected.
  • Bids are prioritised by price, then bid time down to the minute, and quantity.
  • Time of bids with be set according to when the client says it was received (forum, email server, Bitmessage).
  • Winning bidders will be sent a unique US‑NBT or BTC address and need to pay within 24 hours after time specified in message (the time I send it rounded to next hour).
  • Proceeds in US‑NBT will count toward the daily US‑NBT acquisition goal. Rate set by Chief of Liquidity Operations.
  • Proceeds in BTC will be used for liquidity operations.

Direct sales

You may contact me with offers for amounts higher than the auction lot.

Contact

Use subject: Nu Blind Auction NSR #10

  • Private message.
  • nu@esko.bar
  • BM-2cVrqHUd3LNLDSGxJF4DCLnF3moFwcxNgy

Bid

Not updated for this week’s auction price.

I’d like to bid 150 US-NBT for 100,000 NSR.

I’d like to bid 1000 US NuBits at 0.002 price (US-NBT/NSR) (equaling 500,000 NuShares).

Selection

1000 NSR available.

A bids 500 US‑NBT at price P on Monday.
B bids 1000 US‑NBT at price P on Tuesday.

A wins and B wins the remainder, i.e. half of their bid.

Lot

Decided by Chief of Liquidity Operations.

1500 US‑NBT per day for 7 days is 10,500 US‑NBT per week.

10,500 US‑NBT at current target peg price $0.85 is $8,925.

NuShare market price: $0.000296

# USD for week's US‑NBT divided by NSR price

8925 / 0.000296 = 30152027.027027

30,150,000 NSR

Reserve price

Estimated reserve price is set at the beginning of auction.

Final reserve price is set at the end of auction. A bit of discretion will be employed to counteract potential market manipulation.

Reserve price is set to 15% below market price.

Calculation

NuShare market price: $0.000296
NuBit market price: $0.721797
Bitcoin market price: $581.05

# 15% below NuShare market price.
# NSR * 0.85 = 15% of NSR

0.000296 * 0.85 = 0.0002516

# NuBit value according to market.
# 15% of NSR * (100/US‑NBT) = US‑NBT/NSR reserve price

0.0002516 * (100/72) = 0.000349444

0.00035 US-NBT/NSR

# 15% of NSR / BTC = BTC/NSR reserve price

0.0002516 / 581.05 = 0.000000433

43 satoshi/NSR


Possibility and implications of a majority shareholder
Actively Maintained Data Feeds
#2

Auction closed.

[Auction details][AuctionDetails] at Google Sheets.
[AuctionDetails]: https://docs.google.com/spreadsheets/d/1Cg6QNX8lH51DHH-qj6D9sQ9Vclmh-qwLBS1fV8LGYy8/edit?usp=sharing

Final reserve price

NuShare market price: $0.000295
NuBit market price: $0.840060
Bitcoin market price: $579.36

# 15% below NuShare market price.
# NSR * 0.85 = 15% of NSR

0.000295 * 0.85 = 0.00025075

# NuBit value according to market.
# 15% of NSR * (100/US‑NBT) = US‑NBT/NSR reserve price

0.00025075 * (100/84) = 0.0002985119048

0.00029 US-NBT/NSR

# 15% of NSR / BTC = BTC/NSR reserve price

0.00025075 / 579.36 = 0.000000433

43 satoshi/NSR

Results

ID2 successfully bid on the entire lot.

ID2 has been contacted.

ID2 has paid.

ID2 has been provided with NuShares by Chief of Liquidity Operations.

Burn TxID: 9788be53d4052f1413a1c1e057dfe28e98f3c8bbd624af893bfcf8bd304cb143