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