Nu is a network with multiple stable currencies that each depend on liquidity. NuBits’ liquidity model is a multi-tier system that sources backing power from several mechanisms that create additional value with network funds while reducing volatility exposure. NuBits are created to meet demand, and offered on exchanges using automated trading software administrated by custodians working for shareholders whom with NuShares govern the Nu network.
United States NuBits is the first stable currency issued by Nu. It’s designed to track the value of USD at $1.00. Volume peaked at $86,000,000 across 24 hours on major exchange Bittrex, and averaging $20M/24h. Recently released Chinese NuBits immediately saw demand on SouthXchange. Upcoming South Korean and Japanese NuBits carry promise for their respective markets in which there has been increased popularity of NuBits according to online trends.
Healthy liquidity of NuBits requires exchange listings for both the currencies and NuShares. Admitting that our team’s efforts have been unsuccessful, we’re asking a company specializing in exchange listings for help. Costs are high for listings, but it is necessary and the increased revenue will be worth the expenses.
Shareholder methods for stimulating demand of NuBits are in effect. Park rates offer annual interest rates. That means you can buy NuBits, and lock them away from circulation for an amount of time (up to 6 months) and once the date passes, the network protocol will return a larger amount of NuBits than you had. Park rates are easy to make use of by anyone. You simply buy NuBits, send them to NuBits Wallet on your computer, and fill in the form under the Park tab.
NuShares are part of the tiered liquidity design. While NuBit demand increases and grows the asset reserve with Bitcoin, Ether, etc., NuShares are purchased on the open market at a daily rate approaching an equilibrium figure. Conversely, when NuBit demand decreases and the asset reserve is valued below equilibrium, NuShares are sold.
NuShare sales and buybacks create a dynamic where those who recognize and successfully execute the profit potential in trading NuShares both strengthen NuBit liquidity and gain further stake with influence in the network. Investors have a powerful incentive to buy NuShares while confidence or demand for NuBits is low, and sell them when NuBit demand recovers and NuShare buybacks begin.
Obviously, your decision to utilize NuBit park rates or invest in NuShares depends on a belief in the future utility of NuBits. A stable digital currency is unquestionably in demand by all of the modern world. People love to be free with their money, not worrying about exchange rates, and to spend it online. Automation is inevitably permeating our lives with additional benefits, but the world isn’t at that point yet. Today we use currency for savings in reliable hard cash, shopping online, and as traders to hedge against the extreme volatilities in cryptoassets or capture arbitrage opportunities between exchanges.
A stable currency can more easily be maintained with centralized operations and full reserves in traditional assets, but we’re not satisfied with that. NuBits will function without depending on legacy systems and human interaction most of the time. Developing each part of such a system takes testing and evaluation for the more intricate circumstances. Especially now that liquidity converts slowly from the deeper tiers, presumably because our system is not widely understood and lacks exposure to traders on exchanges. Fundamentals are growing stronger, and the more advanced network metrics we now have reveal that revenue from exchange trading already turns a profit in the periods with higher frequencies of trades.
Team will continue building and refining the infrastructure for NuBits, and focus on securing additional exchange listings. Our recent achievements are mostly behind the scenes and not immediately apparent. Media visibility will continue increasing since the recent engagement with a PR firm along with sponsoring Global Blockchain Forum and hackathon BlockHacks.
NuBits has repeatedly proven itself viable even in ‘unfair’ conditions. Evaluate the likelihood of NuBit demand increasing and the revenue from realistic trading volume. Take personal measures accordingly.