Equilibrium 2017–02–03
Circulation: 140,505.6720
Reserve percentage: (50 - 140,505.6720/80,000) / 100 = 0.4824
Equilibrium reserve: 0.4824 * 140,505.6720 = 67,779.9362
Current Tier 1–4 reserve: 20,972 + 3,043 + 9,777 = 33,791
Minimum Tier 1–4 reserve: 0.20 * 67,779.9362 = 13,555.98724
Daily move to equilibrium: 0.01 * (67,779.9362 - 33,791) = 339.889362
Equilibrium is Nu having $67,780 in Tier 1–4 reserves. We have $33,791. When $33,989 is raised through NuShare, US NuBit, or Chinese NuBit sales on a combined basis, any additional funds raised can go to NuShare buybacks assuming no updated reserve requirements or funds spent.
Daily move to equilibrium is the amount in USD of how many NuShares will be sold or repurchased every day towards reserve equilibrium.