Supply, Reserves, and Equilibrium (superseded by automation)

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.

1 Like

The following charts are derived from the data posted in this thread.

The trend is for NSR supply to increase, but at a rate that decreases consistently. Just after buy backs begin, the NSR supply will begin to decline.

Total currency supply is up 13% from its low on January 14th. Generally, total currency supply and NSR supply will move inversely, but there is a lag in the NSR supply following changes in the currency supply. After an extended period of decline in currency supply, the first increases will reduce the size of NSR sales, but they don’t switch to NSR buybacks until the trend has been sustained long enough to build reserves and reduce the deviation from reserve equilibrium.

The Variance from Reserve Equilibrium is the most important and meaningful metric showing where Nu is in the cycle of currency supply expansion and contraction, which roughly correlates to NSR sales and NSR buybacks. At zero, or equilibrium, neither NSR sales nor NSR buybacks occur. The farther it moves into negative territory, the greater the quantity of NSR sales will be. As the variance becomes positive, NSR buybacks begin, with the quantity of NSR buybacks moving in lock step with the size of the variance.

In less than three months, the variance from reserve equilibrium has moved most of the distance to zero, from -$69,000 to -$29,000. We have seen a proportionate drop in the USD value of NSR sold each day.

The uploads of above post appear to have been removed? Can this be fixed please?

1 Like

I was notified of an error I had made in the NuShare counts regarding the Bonus address. They’ve been updated. @Phoenix, can you confirm they’re correct?

Supply 2017–02–24

US NuBits (US-NBT)

Blockheight: 1,289,204

Existing: 837,936.4601
Parked: 8,523.2286

Liquidity Operations*: 575,324.8412
Liquidity Operations**: 50,000.0000
Bittrex: 20,083.0877
Poloniex: 0
NuLagoon Tube: 27,421.8698
Nu-owned: 672,829.7987

Circulating: 156,583.4328

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,289,204

Existing: 3,314,686,278

Bonus*: 999,215
Liquidity Operations**: 500,000,000
Liquidity Operations***: 0
FLOT 1****: 64,344,685
FLOT 2*****: 5,940,000
Poloniex: 41,134,044
Nu-owned: 612,417,944

Circulating: 2,702,268,334

* SNf4uyshit1fj8dWKVxHsKTgTrNR61RskY
** SiyWZ1WCedKRXLg7u8fmVkUtF3JRC9QATv
*** SRorKQgYvwzbtzxKwofjSeUntzTbDQf26m
**** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
***** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

Reserves 2017–02–24

USD amounts represent BTC.

Tier 1–2

Bittrex: $20,369
NuLagoon Tube: 0.04 BTC

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $32,822

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $1,190,470

Total Tier 1–4

$53,191

Equilibrium 2017–02–24

Circulating US-NBT: 156,583.4328
Reserve percentage: (50 - 156,583.4328/80,000) / 100 = 0.4804
Equilibrium reserve: 0.4804 * 156,583.4328 = 75,222.6811
Current Tier 1–4 reserve: 20,369 + 32,822 = 53,191
Minimum Tier 1–4 reserve: 0.20 * 75,222.6811 = 15,044.5362
Daily move to equilibrium: 0.01 * (75,222.6811 - 53,191) = 220.3168

Equilibrium is Nu having $75,223 in Tier 1–4 reserves. We have $53,191. When $22,032 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.

4 Likes

Supply 2017–03–03

US NuBits (US-NBT)

Blockheight: 1,298,551

Existing: 837,948.0368
Parked: 7,537.7286

FLOT*: 0
Liquidity Operations**: 575,324.8412
Liquidity Operations***: 49,989.9500
Bittrex: 22,150.9759
Poloniex: 0
NuLagoon Tube: 27,421.8698
Nu-owned: 674,887.6369

Circulating: 155,522.6713

* BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js
** BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
*** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,298,552

Existing: 3,315,021,887

Bonus*: 999,215
Liquidity Operations**: 500,000,000
Liquidity Operations***: 0
FLOT 1****: 64,344,685
FLOT 2*****: 5,940,000
Poloniex: 31,630,205
Nu-owned: 602,914,105

Circulating: 2,712,107,781

* SNf4uyshit1fj8dWKVxHsKTgTrNR61RskY
** SiyWZ1WCedKRXLg7u8fmVkUtF3JRC9QATv
*** SRorKQgYvwzbtzxKwofjSeUntzTbDQf26m
**** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
***** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

Reserves 2017–03–03

USD amounts represent BTC.

Tier 1–2

Bittrex: $19,407
Cryptopia: $6,485
NuLagoon Tube: 0.04 BTC

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $30,071

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $1,006,466

Total Tier 1–4

$55,963

Equilibrium 2017–03–03

Circulating US-NBT: 155,522.6713
Reserve percentage: (50 - 155,522.6713 / (2,000,000 / 25)) / 100 = 0.4806
Equilibrium reserve: 0.4806 * 155,522.6713 = 74,744.1958
Current Tier 1–4 reserve: 19,407 + 6,485 + 30,071 = 55,963
Minimum Tier 1–4 reserve: 0.20 * 74,744.1958 = 14,948.8392
Daily move to equilibrium: 0.01 * (74,744.1958 - 55,963) = 187.811958

Equilibrium is Nu having $74,744 in Tier 1–4 reserves. We have $55,963. When $18,781 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.

2 Likes

Here is the Deviation From Reserve Equilibrium, which continues its steady movement toward NSR buybacks (positive deviation):

The amount of NuShares added last week to the circulating supply was the lowest it has been since July: just 9.84 million NSR. We are dropping our daily fundraising target by 15% versus what it was last week, so we have a good chance of selling even less this week, if NSR prices are high enough.

2 Likes

Supply 2017–03–10

US NuBits (US-NBT)

Blockheight: 1,307,459

Existing: 837,945.9558
Parked: 17,043.3676

Liquidity Operations*: 575,324.8412
Liquidity Operations**: 46,871.4000
Bittrex: 22,230.4661
NuLagoon Tube: 27,421.8698
Nu-owned: 671,848.5771

Circulating: 149,054.0111

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,307,459

Existing: 3,315,349,015

Bonus*: 999,215
Liquidity Operations**: 500,000,000
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Poloniex: 21,431,451
Nu-owned: 592,715,351

Circulating: 2,722,633,664

* SNf4uyshit1fj8dWKVxHsKTgTrNR61RskY
** SiyWZ1WCedKRXLg7u8fmVkUtF3JRC9QATv
*** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
**** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

Reserves 2017–03–10

USD amounts represent BTC.

Tier 1–2

Bittrex: $17,424
Cryptopia: $5,962

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $27,494

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $158,443

Total Tier 1–4

$50,879

Equilibrium 2017–03–10

Circulating US-NBT: 149,054.0111
Reserve percentage: (50 - 149,054.0111 / (2,000,000 / 25)) / 100 = 0.4814
Equilibrium reserve: 0.4814 * 149,054.0111 = 71,754.6009
Current Tier 1–4 reserve: 17,424 + 5,962 + 27,494 = 50,880
Minimum Tier 1–4 reserve: 0.20 * 71,754.6009 = 14,350.9202
Daily move to equilibrium: 0.01 * (71,754.6009 - 50,880) = 208.7460

Equilibrium is Nu having $71,755 in Tier 1–4 reserves. We have $50,880. When $20,875 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.

1 Like

With BTC bouncing around so much, I am curious what price you used for Bitcoin in calculating the value of our T1 to T4 reserve @jooize.

I calculated with BTC at ~$1,152.

1 Like

Supply 2017–03–17

US NuBits (US-NBT)

Blockheight: 1,317,368

Existing: 837,977.6630
Parked: 16,347.3857

Liquidity Operations*: 575,324.8412
Liquidity Operations**: 46,871.4000
Bittrex: 24,579.8512
NuLagoon Tube: 27,421.8698
Nu-owned: 674,197.9622

Circulating: 147,432.3151

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,317,368

Existing: 3,315,745,345

Bonus*: 999,215
Liquidity Operations**: 500,000,000
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Poloniex: 11,230,430
Nu-owned: 582,514,330

Circulating: 2,733,231,015

* SNf4uyshit1fj8dWKVxHsKTgTrNR61RskY
** SiyWZ1WCedKRXLg7u8fmVkUtF3JRC9QATv
*** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
**** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

Reserves 2017–03–17

USD amounts represent BTC.

BTC = $1150

Tier 1–2

Bittrex: $15,022
Cryptopia: $5,773

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $27,378

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $167,813

Total Tier 1–4

$48,173

Equilibrium 2017–03–17

Circulating US-NBT: 147,432.3151
Reserve percentage: (50 - 147,432.3151 / (2,000,000 / 25)) / 100 = 0.4816
Equilibrium reserve: 0.4816 * 147,432.3151 = 71,003.4030
Current Tier 1–4 reserve: 15,022 + 5,773 + 27,378 = 48,173
Minimum Tier 1–4 reserve: 0.20 * 71,003.4030 = 14,200.6806
Daily move to equilibrium: 0.01 * (71,003.4030 - 48,173) = 228.3040

Equilibrium is Nu having $71,003 in Tier 1–4 reserves. We have $48,173. When $22,830 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 toward reserve equilibrium.

Why do you need more and more money, only $18781 in 2017-03-03, and now you need $22830, where is the money?