[Passed] NSR sale and NBT burn

[cryptog]

Can you update us on the actual burning of those 1333 NBT?
Tks.

[crypto_coiner]

Buy side liquidity is 38058 and sell side liquidity is 36978. Because the buy side is larger than the sell side and park rates are zero, no further auctions are planned. They will only be resumed in the event that park rates and liquidity meet the conditions specified in the passed motion above.

The current BUY side is around: 35k
The current SELL side is around: 36.5k

Should that trigger an NSR auction?

[Nagalim]

they start again when park rates are non-zero for a month. If we drop the park rates to zero for a day, we can avoid triggering the auction motion. That’s pretty much the sole reason why I am voting zero in all categories right now. I am 100% convinced at this point that burns should have no dependence on park rates, but this kind of ‘simple’ motion is what we’re forced to work with right now.

[crypto_coiner]

What’s the park rate right now?

[cryptog]

In that case i m gonna for 0% parking rate since the buy side is strong.

[NSRAuction]

Sorry this burn of auction proceeds was delayed. While 667,000 NSR were auctioned, only 500,000 NSR were paid for and distributed. This means only 1000 NuBits were received instead of the anticipated 1333 NuBits.

[backpacker]

For share price blind auction might be better, this time don’t you think so? Where will price be if we have to get 8BTC every week for a month? two months?