Proposal RIPEMD160 hash: 108791dff1c7ab54e16842a4ed09853a6781ad07
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Custodial Address: BBBBmP643hC38nLSxkP8MXnWfYxjD5LyZV
Amount Requested: 400 NBT
I propose to start providing liquidity on Bittylicious.
I will provide 800 NBT of my own money along with the 400 NBT provided by this grant for liquidity on Bittylicious for 30 (thirty) days. If more funds become available to me in that duration I will also add them to the amount available on Bittylicious.
These NuBits will be available for purchase at the price of $1.01 (there is a 1% fee for trades on the platform).
Fiat funds gained from the sale of Nubits over the 30 days will be held in the dedicated bank account that has been set up and used to purchase NuBits at $0.99.
Liquidity info will be provided to the network through a script that connects to the Nu daemon. This will report NuBits that are in the Bittylicious ‘hot-wallet’ (Tier 1) as well as NuBits that are in my ‘cold-wallet’ (Tier 2) ready for movement to Bittylicious to fund trades.
Payment methods that will be accepted initially will be ‘Faster Payments’ bank transfer within the UK and SEPA payments for the rest of Europe. I will also endeavour to get Credit Card payments enabled but there is another level of verification to go through before that can be done, it may have to wait for a future liquidity run.
Information about this grant:
- 1200 NBT liquidity provided (800 personal, 400 from this grant)
- 400 NBT cost to shareholders
- 30 day duration
- Payment accepted through Bank Transfer in the UK or SEPA payments for Europe.
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