voting address with zero amount. If it passes, 250 NBT will be requested after 30 days of operation with a new grant.
BJs4YbtaqCmxeHLiR6zzjnZEotYVFAPfMo , 1 NBT
after below thread by MoD:
and the really stressful one:
i decided to offer a dual side nubot gateway in order for FLOT to provide liquidity at their discretion.
It is obvious that ALP and MLP are not enough in Poloniex to keep the peg and especially in high BTC volatility periods.
Thus, since i have played around with Nubot in Poloniex i am ready to offer it as a gateway.
I am using it in a private win7 64 server with a lot of CPU,RAM and drive space.
I have the possibility to check its good operation for more than 12 hours/day, every day!
I have a tier3 subscription in Poloniex thus no problem for a frequent rebalancing with FLOT if necessary.
You know the risks, exchange default, nubot malfunction,
run with FLOT’s funds
(foolish of me since i am not using tor or any kind of proxy )
My location is in Greece (GMT+2).
Since this is my first attempt for a grant i would appreciate any comment and help i can get from all of you, respectable Nu community.
For my “efforts” i will ask 250 NBT for one month.
I prefer to offer the service for one month at first in order to see how well this operation will go.
Now, lets do some copy paste from MoD’s motion
Motion RIPEMD160 hash: ac2fd99c21e6021a3cecf3e7bc0d8f9d3b65439e
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Intro@zoro - below called “the operator” - will run a NuBot on Poloniex. The liquidity is being broadcast using a custodial address to allow tracking the liquidity situation of the bot.The operator promises to send all funds to a FLOT multisig address upon request of a majority of the FLOT members or by a passed NSR holder motion.
AvailabilityThe operator offers to check for Nubot’s good operation for 12hours/day, every day and even replace the Nubot’s server with a second one in another physical location if the original location has permanent power or internet outage!
Begin of operationOperation begins on the day NuBot puts the first deposit of funds by FLOT on the order book.In case NuBot is on standby (not running) and the FLOT deposits funds, operation will begin on the day NuBot gets started and puts orders on the book.
End of operationOperation is ceased by request of withdrawal of all funds or if operator sends all funds to FLOT multisig address(es). NuBot is put on standby afterwards.The remaining grant fees will be burned or send to a FLOT’s NBT address.If for any reason the operator has to stop Nubot for a period of time or permanently before the end of the contract, it will be communicated beforehand.
Modes of withdrawalNSR holders can request withdrawal by motion.FLOT members can request withdrawal to a FLOT multisig address for which they are signer by posting in the forum.The number of FLOT members to request a deposit to a FLOT multisig address equals the number of FLOT members to execute transactions from this address.The operator may withdraw funds to a FLOT multisig address by discretion.
Compensation schemeThe operator charges 250 NBT for 30 days of operation.If the operation is ceased by FLOT or NSR holder request before the end of this period, the remaining fees will be burnt or send to a FLOT’s NBT address.
Reasoning for compensation Nubot will be running in a personal win7 64 powerful server 24/7 and its good operation will be monitored AMAP (As Much As Possible).
Premature activationIf the FLOT deposits funds at the operator’s exchange account, they will be used by the operator as if this motion already passed.
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I am eager to see more grants like this in order to limit and decentralized the funds' risk and of course to keep FLOT extremely busy