The latest share buyback calculation indicates reserves are slightly below our targets as established by motions. When reserves fall below the targets set by shareholders, it is time to take action to bring the reserve up. There are two methods of doing this that are under the direct control on shareholders: offering park rates and selling NuShares. Park rates should be used first. There is a regulation in effect that if park rates are offered for 30 consecutive days then NuShares must be sold and NuBit proceeds burned.
Technically right now shareholders should be setting park rates that will increase NuBit demand by a mere 283 NBT. A FLOT member has already signed a transaction, that if signed by other FLOT members would increase our reserves to where they are nearly 10,000 NBT over our targets. When the reserve requirement is met, park rates should be set back to zero.
A motion increasing the required reserves is very close to passing. If it does pass without any organic increase in our reserves, we will need to offer park rates to produce that additional reserve.
