Liquidity Operations began taking steps today to make EU-NBT available and bring it to market. The same motion that mandates we implement EU-NBT mandates implementation of X-NBT, which would naturally be the next target for launch after EU-NBT. I would like to modify that implementation, so it is time to get a passed motion to modify the X-NBT implementation.
Motion hash for Nu client: 82221c3a5d8c8e585dad44bb2604b3f2a3745d91
This motion raised in 2015 directs X-NBT to be implemented as an SDR pegged product:
The present motion is intended to repurpose X-NBT and supercede portions of the passed motion referenced above that pertain to X-NBT. Other provisions of the passed motion remain in force. Instead of implementing X-NBT as an SDR pegged product, we will reserve the X-NBT symbol for the release of what is intended to be our flagship product in the long term: a currency more stable than major national currencies which also maintains its value better than national currencies. X-NBT is intended to be less volatile than major national currencies, while maintaining its buying power better long term.
Nu has no specific plans to release an SDR pegged product, as it appears there is little demand for such a product at this time.
The precise implementation of the repurposed X-NBT is being researched by Liquidity Operations. Once the process of development within Liquidity Operations is complete, Nu will release and support it. No client update is needed to release X-NBT.