Hello Shareholders.
It’s time to discuss the next operation of NuPool. With this proposal we intend to take all the discussions that followed the last proposal into account.
We will still operate on Bittrex and Poloniex but we will skew the liquidity targets in light of the vastly different volumes on each exchange.
We will retain our 50,000 NBT total target but will split it 4:1 in favour of Poloniex.
We will alter the tolerance of the NuPool server to 1.05%. This will give a spread after fees (SAF) of 1% on Bittrex and 1.1% on Poloniex. This value was chosen to attempt to give as close as possible a 0.5% SAF on both exchanges. The variation in SAF comes from the different fees charged by the two exchanges
The period of this next operation will be 60 days. In an effort to reduce the cost of liquidity to Nu we will drop the compensation offered to 0.24% per day, 7.2% per 30 days or a total of 14.4% for the whole operational period
This means a grant amount of 7,200 NBT and a pool fee of 1000 NBT for the operation. If the current operation of NuPool hits target for the remainder of the period (4 days) we will have a roll over amount of 687 NBT. This gives a total grant amount of 7513 NBT
Now voting:
Proposal RIPEMD160 hash: 2b332665fde5ea483fe2a68c76df2d8f15c7c1f8
=##=##=##=##=##=## Custodian Hash starts with this line ##=##=##=##=##=##=
Custodial Address: BEbkDnBh71ZaXHXkr63HXP4bMda9m9BN7B
Amount Requested: 7513 NBT
NuPool will operate on Poloniex and Bittrex for a 60 day period. The total target of the operation will be 50,000 NBT split 4:1 between the two supported exchanges in favour of Poloniex. This gives a target of 40,000 NBT split equally between bid and ask on Poloniex and a target of 10,000 NBT split equally between bid and ask on Bittrex.
The pool reward will be lowered to 0.24% per day which translates to 7.2% per month or 14.4% for the duration of the operation.
The figures are:
Duration: 60 Days
Daily Rate: 0.24%
Total Rate: 14.4%
Poloniex: 40,000 NBT > 20,000 BID | 20,000 ASK
Bittrex: 10,000 NBT > 5,000 BID | 5,000 ASK
Server Tolerance: 0.0105 or 1.05%
Spread After Fees:
Poloniex (fee = 0.2%) - 1.1% SAF
Bittrex (fee = 0.25%) - 1% SAF
Grant Amount: 50,000 x 14.4% = 7200 NBT
Pool Fee: 50,000 x 2% = 1000 NBT
Amount Rolled Over: 687 NBT (after last payout of operation 5)
Total Grant Requested: 7513 NBT
=##=##=##=##=##=## Custodian Hash ends with this line ##=##=##=##=##=##=
Verify. Use everything between and including the <custodianhash></custodianhash> tags.
This should serve as forewarning that when we finish operation 5 and start operation 6 there will be some server down time. I would like to take the opportunity to harden the server and get the server software running under supervisord.
