Lot: 29,750,000 NSR (NuShares)
Estimated reserve price: 0.00043 0.00039 US‑NBT/NSR or 54 43 satoshi/NSR
Minimum bid: 500,000 NSR
Closes: End of Friday 2016–08–05 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 acquisitions currently set at 2000 US‑NBT and burned over time (daily).
- Proceeds in BTC will be handled according to then current regulations. Currently 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 #7
- 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 price: $0.000400
# USD for week's US‑NBT divided by NSR price
11900 / 0.000400 = 29750000
29,750,000 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: $0.000400
NuBit market price: $0.790187
Bitcoin market price: $624.50
# 15% below NuShare market price.
# NSR * 0.85 = 15% of NSR
0.000400 * 0.85 = 0.00034
# NuBit value according to market.
# 15% of NSR * (100/US‑NBT) = US‑NBT/NSR reserve price
0.00034 * (100/79) = 0.00043038
0.00043 US-NBT/NSR
# 15% of NSR / BTC = BTC/NSR reserve price
0.00034 / 624.50 = 0.000000544
54 satoshi/NSR
hoping the reserve isn’t a required bid.
