Nu Blind Auction NSR #6 (closed)


#1

Lot: 26,096,491 NSR (NuShares)
Estimated reserve price: 0.00046 US‑NBT/NSR or 59 satoshi/NSR (0.00000059 BTC)
Minimum bid: 500,000 NSR
Closes: End of Friday 2016–07–29 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 last 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 be burned within three days of receiving them, and burn transactions posted publicly.
  • Proceeds in BTC will be handled according to then current regulations.

Direct sales

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

Contact

Use subject: Nu Blind Auction NSR #6

  • 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.

2000 US‑NBT per day for 7 days is 14,000 US‑NBT per week.

14,000 US‑NBT at current target peg price $0.85 is $11,900.

NuShare market value: $0.000456

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

11900 / 0.000456 = 26096491.2280702

26,096,491 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: $0.000456
NuBit market price: $0.83
Bitcoin market price: $660.86

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

0.000456 * 0.85 = 0.0003876

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

0.0003876 * (100/83) = 0.000466988

0.00046 US-NBT/NSR

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

0.0003876 / 660.86 = 0.000000587

59 satoshi/NSR


Liquidity Operations
#2

Last hours for bidding.

I may not be available to process the auction tonight, but will do it as soon as I can tomorrow in that case.


#3

Auction closed.

Auction details.

Final reserve price

NuShare market price: $0.000427
NuBit market price: $0.83
Bitcoin market price: $657.14

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

0.000427 * 0.85 = 0.00036295

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

0.00036295 * (100/83) = 0.000437289

0.00043 US-NBT/NSR

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

0.00036295 / 657.14 = 0.00000055

55 satoshi/NSR


ID3 wins the whole lot. Will be contacted within half an hour. Update: Contacted.


ID3 has paid in full and been provided the NuShares.

Auction concluded.


12,000 US‑NBT burned.

TxID: 4fb4a56ebe20ce219ce1cdf01386c9df4cec283ed5c49a30aade7f3cf962d152


#4

The TxID link isn’t working for me right now – it redirects to the root domain http://blockexplorer.nu.

I’d be interested to track the 12000 NBT back to their original NBT grant to see how old they are, and when they were created.


#5

http://nuexplorer.ddns.net/transactions/4fb4a56ebe20ce219ce1cdf01386c9df4cec283ed5c49a30aade7f3cf962d152