Proposal for NBT/BTC dual-side liquidity provider on Exco.in

Update : I added 200 NBT of personal funds on the sell side to allow people to “try” getting some nubits.

1 Like

Hi desrever,

I have 15k NBT doing nothing on Poloniex, as explained in my latest post in this thread. I can arrange to have these funds transferred to Exco to help balance your bot.

Is there anyone who might take issue with this action? I don’t believe it requires a motion.

jamie

If you both run bots, then I think your orders could collide during wall shifts.

The way to do it would be simply fill my order. 5k would be enough to start with

Done.

1 Like

Thanks. Finally got some liquidity to sell. We are quickly fixing a bug emerged after the NBT balance grew . The bot will be back online soon

The bot is back online after night bug fixing session.

1 Like

Is the bot still online? I don’t see custodian orders at https://exco.in/exchange/NBT/BTC.

1 Like

it is now, it shut down tonight due to price tracking problems.

It looks like the supply of NuBits ran dry. Would it be possible for more liquidity to be provided on the NBT side?

I will ask other custodians if they could help replenish the sell side of the pool.

In the meantime, for the sake of transparency, I would like to publish the bot’s order history to date. It is in json format and will be soon be presented in nicer way using the custodian reporting tool.

Raw trade history:

{
"Trade_8ff6b7bdb1e4e64fe4f7998fd838c317":{
"id":"8ff6b7bdb1e4e64fe4f7998fd838c317",
"order_id":"8ff6b7bdb1e4e64fe4f7998fd838c317",
"exchange":"excoin",
"pair":"btcnbt",
"type":"SELL",
"price":308.0,
"amount":0.81168831,
"timestamp":1420263975008
},

"Trade_fa5d514bd13af2ab445d7dbef0ad4662":{
"id":"fa5d514bd13af2ab445d7dbef0ad4662",
"order_id":"fa5d514bd13af2ab445d7dbef0ad4662",
"exchange":"excoin",
"pair":"btcnbt",
"type":"SELL",
"price":309.0,
"amount":0.16181229,
"timestamp":1420263846667
},

"Trade_c40f6b04be87d753f51dc73582fc2b6e":{
"id":"c40f6b04be87d753f51dc73582fc2b6e",
"order_id":"c40f6b04be87d753f51dc73582fc2b6e",
"exchange":"excoin",
"pair":"btcnbt",
"type":"SELL",
"price":310.0,
"amount":0.16129032,
"timestamp":1420263846602
},

"Trade_276cea58fe1195555d9441698f65db16":{
"id":"276cea58fe1195555d9441698f65db16",
"order_id":"276cea58fe1195555d9441698f65db16",
"exchange":"excoin",
"pair":"btcnbt",
"type":"BUY",
"price":316.1625685,
"amount":1.06927239,
"timestamp":1420246341368
},

"Trade_bd1696c9b66d26aaafb7dec583cb0da3":{
"id":"bd1696c9b66d26aaafb7dec583cb0da3",
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"exchange":"excoin",
"pair":"btcnbt",
"type":"BUY",
"price":316.1625685,
"amount":1.07786401,
"timestamp":1420246336013
},

"Trade_67943b6d1c6d69b6dc47a76e7bbd9caa":{
"id":"67943b6d1c6d69b6dc47a76e7bbd9caa",
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"exchange":"excoin",
"pair":"btcnbt",
"type":"BUY",
"price":314.6827905,
"amount":1.23525556,
"timestamp":1420235966828
},

"Trade_f04b29fdaad9596b61e2f779c842d9fc":{
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"exchange":"excoin",
"pair":"btcnbt",
"type":"SELL",
"price":313.8770745,
"amount":1.19473523,
"timestamp":1420195465970
},

"Trade_911d32a612c142894f2c54373e4c1a92":{
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},

"Trade_f0ccf963d826221dfb37d60a9220bb12":{
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"exchange":"excoin",
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"timestamp":1420186888071
},

"Trade_150430497d4d5b81ce9bc7ad5f8bad04":{
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"timestamp":1420186692590
},

"Trade_2848a5d394aa84628d464bd1236af596":{
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"timestamp":1420186067991
},

"Trade_f4ddb214ec80b19ac8f9eae9c49f15bf":{
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},

"Trade_e4488be80da46a8c1448239082c73db8":{
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"timestamp":1420133232352
},

"Trade_b764cc8accf0fb059ea4979b319b1a36":{
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"timestamp":1420121784822
},

"Trade_e2f4a6f11980a021b1e099da042e2fdf":{
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"amount":1.0E-8,
"timestamp":1420109771039
},

"Trade_77ebdc7aa764d70ea798af763c66b06d":{
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},

"Trade_36ee0a55db82b5b27dc985d498f9b502":{
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},

"Trade_fee2350c6b2e22d0350802b7296526f1":{
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"timestamp":1420056175565
},

"Trade_2f803661b127bd5318eb711ed972ae45":{
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},

"Trade_e8a762541481a82b573e580215e6a6b2":{
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"pair":"btcnbt",
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"amount":0.12304024,
"timestamp":1420055702032
},

"Trade_f49cb2fbcaad2854f4b81c22661546ef":{
"id":"f49cb2fbcaad2854f4b81c22661546ef",
"order_id":"f49cb2fbcaad2854f4b81c22661546ef",
"exchange":"excoin",
"pair":"btcnbt",
"type":"BUY",
"price":318.192264,
"amount":1.27868992,
"timestamp":1420040777930
},

"Trade_1676ff230f7b9916a39d1c7ef65384f0":{
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"amount":0.7592054,
"timestamp":1420032736378
},

"Trade_0604423be7e2d28767b35cdea63c13e9":{
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"timestamp":1420018169026
},

"Trade_27d826590226c0ee005b6fb5bcc28aa3":{
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},

"Trade_dae9f512b9280fca03609b325b54ee5b":{
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"Trade_327997d5a0d6376379e05f0458477b44":{
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},

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},

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},

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}
1 Like

It would be really nice to have NBT liquidity as we currently have none now, and there are people interested in purchasing and holding NBT right now.

Get a LPC proposal in.

Or you could buy some elsewhere and sell them on exco.in.

I personally don’t trust the stability of existing exchanges offering Nubits. I’m also busy developing, but I’m getting regular messages requesting NBT liquidity (and questions if the bot was broken which I explained that it was not). I believe this could be a big opportunity to highlight the usefuless of NuBits to the communities that use Excoin, and I think it would be shame to miss it.

1 Like

Why don’t you propose to provide liquidity on your own exchange? :slight_smile:

I could provide Blackcoin and Bitcoin liquidity but I don’t have NBT to provide NBT liquidity nor do many people in the existing community. Do CCDEK and BTER provide their own NBT liquidity? If they do where did this original NBT come from?

My only option would be to trust other exchanges without proof of reserves, some of which who have incredibly long page loads and poor functionality (sending recovery passwords in plain-text emails), some of which who have poor reputations, some of which who have unresponsive support staff, some of which don’t use full 8 decimal places on Bitcoins when withdrawing and on top of that pay high fees.

If I’m honestly being told these exchanges have a monopoly on the NBT and the only suggested way to remedy it is to support these operations, then I have a hard time seeing how these markets will work in the way I have presented to our community in our announcements.

Back in October [KTM][1] and [jmiller][2]'s proposals were approved vote-generated NBT (generated by blockchain) to jump start LPC operations. In the course of executing the latter proposal some NBTs were [moved away for security concerns][3]. Maybe @jmiller could consider moving some of these NBT to exco.in ? Technically it needs a motion vote.

edit: @willy :wink:
[1]: Proposal to Operate a NuBits Grant to Provide Early Stage, Dual-Side Liquidity and Shareholder Dividends
[2]: [Passed] Proposal to Provide Sell-Side Liquidity and Shareholder Dividends
[3]: [Passed] Proposal to Provide Sell-Side Liquidity and Shareholder Dividends

1 Like

You can also have funds emitted, if shareholders trust you enough (see also: le white paper)

Edit: damn you @mhps :smiley:

Okay, that makes much more sense. I was worried for a moment when it started to appear that I had to patronage services of earlier adopters to participate.

Think about it. But don’t forget: shareholders want their dividends.

Don’t know how a custodian who owns or is an exchange at the same time would handle transaction fees.