According to the current motion governing FLOT
f99ddf406a32d39be7d614c13dc1ce63c96e4003, 25.000.000 NSR shall be requested for FLOT, to use in accordance with that same motion. Shareholders please vote for the following grant to FLOT NSR address SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC:
I think it’s more appropriate to let
@NSRbuyback send proceeds to the NSR group for the time being.
If we are to stick to the terms in f99, it will take quite some time to gather 25mil NSR from buy back at current rate. Time perhaps doesn’t matter unless all of a sudden 25mil NSR needs to be sold.
This grant is supported by a passed motion, against which I didn’t voice concerns in the first place. Though I also see no reason to outright object to it, there’s simply not enough liquidity to absorb 25m NSR even over a month or two at good prices. Just something to think about for future regulations.
We should seriously consider
I think Nu should fund and design an automated market-maker to bring liquidity into NSR markets. The 'how exactly' is still up in the air and there might be more than one implementation to test. Something similar has been proposed in this forum before, in various threads and I think it's about time we move this proposal forward.
I have a specific proposal, i.e. bring liquidity to a NSR/NBT pair since we have control of both the buyside and the sellside.
I am also excited to open this discus…
Contrary to proof-of-work cryptocurrencies, proof-of-stake coins offer interest to their holders in exchange for securing the network. This means direct, and decentralized, ownership of the private keys is much more important in proof-of-stake networks. This is even more so in the Nu network since ownership also acts as a way to vote on motions, interest rates, custodian grants and to receive dividends equal to your voting power in the network.
For this reason, I think it would be very prudent…
I agree. I think we should really consider funding nsr market maker dev.
SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC is indeed a NSR FLOT address.