[Passed] Proposal for liquidity provider custodian

You have my support. Thank you!

If the exchange rate for PPC changes sharply, will you provide value equal to 20’000 NBT, or 20’620 PPC? It’s not clear from your original post. It looks like Jordan’s bounty requests the 20’000 NBT, but perhaps you had the PPC value in mind. Thanks!

I am going to deposit value equal to 20,000 NBT to begin my operation. I will post reports about my operation. Thank you.

LPC operational report #1:
My proposal was approved at 10/5/2014 14:42 utc.
I work with desrever and Ben to get my bot ready.
I will run the bot and provide my service soon.

@xjabc please hold off on running the bot. We’ll work with your shortly on a setup that will prevent the issues we’ve run into recently. We have to coordinate the pairs that custodians run the bot on right now,.

Do we have a timeline on this? Thanks!

Sorry for the delay. I have been working closely with desrever and ben to get everything ready in these days. The major problem now is that we can not run multiple bots on the ppc/nbt market at same time. Ben and I came to a solution today, but we will need some time to discuss it with Jordan.

The delay is not due to @xjabc at all (who has been very proactive), it’s entirely on our end.

Hi all,
My operation of liquidity provider custodian begun, at 2014 Oct 28 17:00 GMT, in the market of BTC/NBT on Poloniex exchange. (https://www.poloniex.com/exchange/btc_nbt)

I started my operation with 56.57013518 BTC (equal to 20125 NBT) in the buy wall, and liquidity info is updated now as:
“BLnSm2gf5mw89Q1HYK9jhVgJYGvEMbARs6” : {
“buy” : 20076.65130000,
“sell” : 0.00000000

Many thanks to desrever, Ben and other team members. They gave me tremendous help during this period time. It’s a great team and I am happy to work with everyone.

Thank you.


Thank you for being a custodian xjabc. Is there any way we can help bring attention to Poloniex users that NBT will now have stability there?

My pleasure. To inform people about the liquidity operation, I leaved a message in the exchange troll-box, but that may be not enough, since the message goes really fast.

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LPC operation report 6/11:

At 6 Nov 2014 11:45 GMT
Custodian’s account Balance: BTC : 56.65230938, NBT: 32.51358972

Trade history:

“BLnSm2gf5mw89Q1HYK9jhVgJYGvEMbARs6” : {
“buy” : 19368.90690000,
“sell” : 32.51360000

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LPC operation report 14/11:

At 14 Nov 2014 10:55 GMT
Custodian’s account Balance: BTC : 56.59117325 , NBT: 56.03971713

Trade history:

Liquidity Info:
“BLnSm2gf5mw89Q1HYK9jhVgJYGvEMbARs6” : {
“buy” : 22381.49930000,
“sell” : 56.03970000

LPC operation report 23/11:

At 23 Nov 2014 02:10 GMT
Custodian’s account Balance: BTC: 0.02162026 , NBT: 21843.94870458

Trade history:

“BLnSm2gf5mw89Q1HYK9jhVgJYGvEMbARs6” : {
“buy” : 7.73690000,
“sell” : 21843.94870000

I submiited a proposal to continue my operation: http://discuss.nubits.com/t/proposal-for-lpc-service-in-classical-mode/642/2

LPC operation report 27/11 — The end of 30days service :

At 27 Nov 2014 18:20 GMT
Custodian’s account Balance: BTC: 0.00 , NBT: 21851.75472794

Trade history:

Liquidity Info:
“BLnSm2gf5mw89Q1HYK9jhVgJYGvEMbARs6” : {
“buy” : 0.00000000,
“sell” : 21851.75470000

I will stop my operation and wait for my second term proposal to be approved. Whether I will be elected again or not, I would like to say thank you every one. I enjoyed my work and my role in the team.


It looks like your next proposal will be approved soon based on stats from blockexplorer.nu/votes

Thank you all. I began my second term operation.

BTW: I just sent messages to @JordanLee to claim my 2M NSR bonus, I’ll report here when I receive it.

NSR bonus received.

Finally, I want to testify that the LPC business is something worth doing. I encourage people to be proactive to get involved in this role:

1 Like

I hope to be one some day!

me too.