Here is the grant request for BTC/NBT operations on Cryptsy. Again, starting slow.
Proposal RIPEMD160 hash:
=##=##=##=##=##=## Custodian Hash starts with this line ##=##=##=##=##=##=
BB5zg2yioLL86D4XvD3s2wpAGFqxWPxbCL Amount Requested: 300 NBT NuRiver Operations Month 1 BTC/NBT
This is for expanding NuRiver to operate a BTC/NBT pool on Cryptsy. It will operate in tandem with the proposed USD/NBT pool.
Duration: 30 Days
Daily Rate: 0.3%
Total Rate: 9%
Cryptsy: 3000 NBT > 1500 BID | 1500 ASK
Server Tolerance: 0.008 or 0.8%
Grant Amount: 3000 x 9% = 270 NBT
NBTPool Fee: 3000 x 1% = 30 NBT
Total Grant Requested: 300 NBT Payouts: Daily payout, minimum 1 NBT.
=##=##=##=##=##=## Custodian Hash ends with this line ##=##=##=##=##=##=
Verify. Use everything between and including the <custodianhash></custodianhash> tags.
With such a low operator fee on such a prominent exchange at very reasonable parameters, shareholders would be fools not to vote for this.
Allow me a recommendation:
you might consider adjusting the initial post and include (only) the latest version of the grant there.
I think it’s 2 separate grants, one for 210 the other for 300. Though I agree it should go in the initial post some how.
Thanks for that assessment.
Would be great, if @nmei could verify that and take action
Two separate grants. One for USD/NBT @ 210 and one for BTC/NBT @ 300.
I have updated the first post.
Thank you! Now it’s much easier to get it
The first grant for the USD/NBT pair passed. I will work to get the production server up running soon. Thank you all!
Please keep voting for the BTC/NBT grant:
Custodial Address: BB5zg2yioLL86D4XvD3s2wpAGFqxWPxbCL
Amount Requested: 300 NBT
why we need a pool-bot for a USD pair? just to automatically balance buy/sell?
i am thinking just to sent some nbt and usd to my cryptsy acount and give some fixed orders
and then manually handle the buy/sell walls
How do you plan to get rewarded for your activity?
As soon as the first bots appear, you’ll have a hard time to earn money from a spread
If you use an ALP bot you’ll be rewarded for just putting money on the walls - depending on how soon the target gets reached up to 0.2% per day!
by using a spread?
I gather that organic spread tends to be bigger and liquidity lower than what nu shareholders like. Before Liquidbits NBT/USD operation there was no liquidity within 5% from $1 (after the indident). Now there are ~$10k.
Agreed, the LPs provide tighter spread with more volume.
Not to point fingers but go look at BitUSD…selling with a spread of 2-5% with limited amounts. Nu has a better way.
yes, you are right. i can see that
The NBT/BTC custodian vote has passed! Thank you all for your votes and your trust.
I will get the other server running by tomorrow night - Lord willing.
Automatic payouts are now workings, so things should progress smoothly.
Good parameter for LP’s on the nbt/btc pool are:
Deviation = 0.0025
Offset = 0.005
With a 0.33% fee, the resultant spread after fees is 0.34%