Equilibrium 2017–02–17
Circulation: 148,606.7770
Reserve percentage: (50 - 148,606.7770/80,000) / 100 = 0.4814
Equilibrium reserve: 0.4814 * 148,606.7770 = 71,539.3024
Current Tier 1–4 reserve: 24,491 + 17,672 = 42,163
Minimum Tier 1–4 reserve: 0.20 * 71,539.3024 = 14,307.8605
Daily move to equilibrium: 0.01 * (71,539.3024 - 42,163) = 293.7630
Equilibrium is Nu having $71,539 in Tier 1–4 reserves. We have $42,163. When $29,376 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.