Thanks for providing another motion that aims to help getting rid of the NBT oversupply.
But I need to say the only aspect I like better at this proposal is the continuity, providing Nu with an ongoing mechanism to balance the NBT volume.
I don’t understand why selling the NSR should be limited to an auction, though.
That part is basically the same in the motion provided by @Nagalim
But while @Nagalim’s motion proceeds with selling NSR at the market (in case they can’t be auctioned), here is proposed to sell the NSR by auction and only by auction.
Thinking about the results of the different motions, I came to think of two basic scenarios:
- there’s big demand for NSR and they are sold like hot cakes (offers over $0.0025 / NSR)
- there’s not much demand and the offers stay below $0.0025 / NSR
In the first scenario both motions lead to the same result. NSR will be sold in an auction.
In the second scenario
- the NSR might be auctioned for a price below $0.0025 according to @Jordan’s motion
- are offered for sale on an exchange according to @Nagalim’s motion
So only in case the NSR are not auctioned or over $0.0025 per NSR a transparent procedure kicks in - if @Nagalim’s motion is the one on which the NSR sale will be based upon.
Effectively this motion here is only necessary in case they wouldn’t be sold at “Day 1”.
With both motions NSR might be sold at low prices.
In one case at a visible market price.
In the other case in an auction.
Is there so little confidence that NSR can be auctioned at over $0.0025 per NSR?
Does Nu need to conceal the effects on market price that selling several million NSR could have?
The low ask volume at exchanges might be interpreted like NSR is not one of the super hot assets at the moment.
But the low bid volume at exchanges tells for sure that the NSR holders haven’t abandoned Nu either. They hold. They discuss. They vote. All in order to improve Nu.
Obviously NSR holders are more interested in creating a solid business than to make a quick buck.
I can’t foresee the future and I’m not able to tell what happens if the NSR market price plummets by selling millions of NSR at exchanges.
I for one consider it a necessary evil and would rather see a hit in the market capitalization of Nu than an nontransparent mode of sale.
Nu is here to stay and so I think it needs to allow the market to rate its value!
May the NSR holders decide…