The number of US NuBits in circulation has more than doubled to 6.3 million in the last week. That is about the fastest growth rate we are set up to support. A grant of additional US NuBits from shareholders is on track to pass somewhere around the beginning of December 24th UTC. That is about 48 hours away. Until then, we don’t have possession of any additional NuBits to sell, and there is a risk of the price for US NuBits rising before the passage of the grant.
Shareholders can take action to protect stable US NuBit pricing in the following ways:
Sell US NuBits in the open market, particularly at Bittrex. If the price of US NuBits rises above $1 in the coming hours, it will be very profitable to sell NuBits, because you can be sure you can repurchase your US NuBits for $1 in just two days.
Mint and vote for this Liquidity Operations USNBT grant. If you are one of the 13% of active minters that are not voting for the grant yet, please vote for it. This will give us access to the grant faster. If you are a shareholder but are not minting, please begin to mint. Extra minting power brought to the network will increase the rate of blocks found in the next two days. Support for the grant is lagging by share days destroyed. Essentially, this means even a small minter with NuShares that haven’t been miniting for a while could make the funds available to us several hours earlier simply by voting for the grant and minting.
Lower park rates until there are ample US NuBits, so that no additional demand is created by them.
Of all problems that we could have, this is a very good one: excessively rapid growth in demand for our product. Still, there are some issues that require mitigation. My goal is to make shareholders aware of what they can do.