Supply, Reserves, and Equilibrium (superseded by automation)

Supply 2017–03–24

US NuBits (US-NBT)

Blockheight: 1,328,153

Existing: 837,975.1771
Parked: 17,525.1457

Liquidity Operations*: 575,324.8412
Liquidity Operations**: 37,199.0400
Bittrex: 25,840.4067
Cryptopia: 967.7920
NuLagoon Tube: 27,421.8698
Nu-owned: 666,753.9497

Circulating: 153,696.0817

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,328,153

Existing: 3,316,176,175

Bonus*: 0
Liquidity Operations**: 500,000,040
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Poloniex: 655,657
Nu-owned: 570,940,382

Circulating: 2,745,235,792

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

Reserves 2017–03–24

USD amounts represent BTC.

BTC = 1,000 USD

Tier 1–2

Bittrex: $11,782.05
Cryptopia: $1,155.18

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $29,798.42

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $225,038

Total Tier 1–4

$42,735.65

Equilibrium 2017–03–24

Circulating US-NBT: 153,696.0817
Reserve percentage: (50 - 153,696.0817 / (2,000,000 / 25)) / 100 = 0.4808
Equilibrium reserve: 0.4808 * 153,696.0817 = 73,897.08
Current Tier 1–4 reserve: 11,782.05 + 1,155.18 + 29,798.42 = 42,735.65
Minimum Tier 1–4 reserve: 0.20 * 73,897.08 = 14,779.42
Daily move to equilibrium: 0.01 * (73,897.08 - 42,735.65) = 311.61

Equilibrium is Nu having $73,897 in Tier 1–4 reserves. We have $42,736. When $31,161 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.

Supply 2017–03–31

US NuBits (US-NBT)

Blockheight: 1,337,158

Existing: 837,973.1195
Parked: 17,770.8157

Liquidity Operations*: 575,324.8412
Liquidity Operations**: 35,043.4300
Bittrex: 21,421.0254
Cryptopia: 2,203.9947
NuLagoon Tube: 27,421.8698
Nu-owned: 661,415.1610

Circulating: 158,787.1428

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,337,158

Existing: 3,316,527,044

Liquidity Operations*: 500,000,040
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Poloniex: 0
Nu-owned: 570,284,725

Circulating: 2,746,242,319

* SiyWZ1WCedKRXLg7u8fmVkUtF3JRC9QATv
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

Reserves 2017–03–31

Dollar amounts represent BTC in USD.

BTC = 1,065.93 USD

Tier 1–2

Bittrex: $16,996.49
Cryptopia: $7,428.98

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $27,658.47

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $957,916

Total Tier 1–4

$52,083.94

Equilibrium 2017–03–31

Circulating US-NBT: 158,787.1428
Reserve percentage: (50 - 158,787.1428 / (2,000,000 / 25)) / 100 = 0.4802
Equilibrium reserve: 0.4802 * 158,787.1428 = 76,250
Current Tier 1–4 reserve: 16,996.49 + 7,428.98 + 27,658.47 = 52,084
Minimum Tier 1–4 reserve: 0.20 * 76,250 = 15,250
Daily move to equilibrium: 0.01 * (76,250 - 52,084) = 242

Equilibrium is Nu having $76,250 in Tier 1–4 reserves. We have $52,084. When $24,166 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.

Numbers now rounded to zero decimals for cleaner overview.

2 Likes

Supply 2017–04–07

US NuBits (US-NBT)

Blockheight: 1,344,168

Existing: 838,032.5700
Parked: 16,922.2157

Liquidity Operations*: 575,324.8412
Liquidity Operations**: 35,043.4300
Bittrex: 23,357.0394
Cryptopia: 2,211.9243
NuLagoon Tube: 27,421.8698
Nu-owned: 663,359.1047

Circulating: 157,751.2496

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,344,127

Existing: 3,316,781,693

Liquidity Operations*: 399,999,940
Liquidity Operations**: 100,000,000
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Nu-owned: 570,284,625

Circulating: 2,746,497,068

* SiyWZ1WCedKRXLg7u8fmVkUtF3JRC9QATv
** SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
*** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
**** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

Reserves 2017–04–07

Dollar amounts represent BTC in USD.

BTC = 1,185.32 USD

Tier 1–2

Bittrex: $16,729.77
Cryptopia: $2,326.49
Cryptopia NSR market: $5,926.60

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $32,527.37

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $1,360,945

Total Tier 1–4

$57,510.23

Equilibrium 2017–04–07

Circulating US-NBT: 157,751.2496
Reserve percentage: (50 - 157,751.2496 / (2,000,000 / 25)) / 100 = 0.4803
Equilibrium reserve: 0.4803 * 157,751.2496 = 75,768
Current Tier 1–4 reserve: 16,729.77 + 2,326.49 + 5,926.60 + 32,527.37 = 57,510
Minimum Tier 1–4 reserve: 0.20 * 75,768 = 15,154
Daily move to equilibrium: 0.01 * (75,768 - 57,510) = 183

Equilibrium is Nu having $75,768 in Tier 1–4 reserves. We have $57,510. When $18,258 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.

Supply 2017–04–14

US NuBits (US-NBT)

Blockheight: 1,354,714

Existing: 838,054.8002
Parked: 16,539.6257

Liquidity Operations*: 575,324.8412
Liquidity Operations**: 34,162.5800
Bittrex: 23,916.3663
Cryptopia: 2,517.9332
NuLagoon Tube: 27,421.8698
Nu-owned: 663,343.5905

Circulating: 158,171.5840

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,354,714

Existing: 3,317,136,640

Liquidity Operations*: 399,999,940
Liquidity Operations**: 47,998,230
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Cryptopia: 20,000,000
Poloniex: 11,774,255
Nu-owned: 550,057,110

Circulating: 2,767,079,530

* SiyWZ1WCedKRXLg7u8fmVkUtF3JRC9QATv
** SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
*** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
**** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

2 Likes

Reserves 2017–04–14

Dollar amounts represent BTC in USD.

BTC = 1,171.79 USD

Tier 1–2

Bittrex: $16,007.66
Cryptopia: $7,855.94

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $32,662.58

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $1,648,859

Total Tier 1–4

$56,526.18

2 Likes

Equilibrium 2017–04–14

Circulating US-NBT: 158,171.5840
Reserve percentage: (50 - 158,171.5840 / (2,000,000 / 25)) / 100 = 0.4802
Equilibrium reserve: 0.4802 * 158,171.5840 = 75,954
Current Tier 1–4 reserve: 16,007.66 + 5,858.95 + 1,996.99 + 32,662.58 = 56,526
Minimum Tier 1–4 reserve: 0.20 * 75,954 = 15,191
Daily move to equilibrium: 0.01 * (75,954 - 56,526) = 194

Equilibrium is Nu having $75,954 in Tier 1–4 reserves. We have $56,526. When $19,428 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.

2 Likes

Supply 2017–04–21

US NuBits (US-NBT)

Blockheight: 1,365,818

Existing: 838,073.5798
Parked: 18,804.4257

Liquidity Operations*: 575,324.8412
Liquidity Operations**: 31,974.4900
Bittrex: 16,971.7115
Cryptopia: 3,156.4143
NuLagoon Tube: 27,421.8698
Nu-owned: 654,849.3268

Circulating: 164,419.8273

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,365,818

Existing: 3,317,540,226

Liquidity Operations*: 399,999,940
Liquidity Operations**: 28,000,000
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Cryptopia: 42,485,956
Poloniex: 22,902,415
Nu-owned: 563,672,996

Circulating: 2,753,867,230

* SiyWZ1WCedKRXLg7u8fmVkUtF3JRC9QATv
** SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
*** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
**** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

Reserves 2017–04–21

Dollar amounts represent BTC in USD.

BTC = 1,217.94 USD

Tier 1–2

Bittrex: $23,702.75
Cryptopia: $7,718.75

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $28,016.49

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $3,089,631

Total Tier 1–4

$59,437.99

Equilibrium 2017–04–21

Circulating US-NBT: 164,419.8273
Reserve percentage: (50 - 164,419.8273 / (2,000,000 / 25)) / 100 = 0.4794
Equilibrium reserve: 0.4794 * 164,419.8273 = 78,823
Current Tier 1–4 reserve: 23,702.75 + 5,061.17 + 2,657.58 + 28,016.49 = 59,438
Minimum Tier 1–4 reserve: 0.20 * 78,823 = 15,765
Daily move to equilibrium: 0.01 * (78,823 - 59,438) = 194

Equilibrium is Nu having $78,823 in Tier 1–4 reserves. We have $59,438. When $19,385 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.

The circulating US-NBT level has just reached its highest level in recent months. People don’t appear to be selling US-NBT as a result of the Poloniex delisting. That’s good for Nu. Looking at our financials just posted above by @jooize, there is no reason to be worried about the peg. Our tier 1 to tier 4 reserves are still near historically high levels as a percent of circulating currency.

The primary result of the Poloniex delisting is that Liquidity Operations has to sell quite a bit more NSR to raise $194 each day.

1 Like

So if I’m reading this right, “Nu” has $60k in the bank?

Anything else in terms of assets?

Sure. NSR. Billions of them if need be.
Some say NSR are the best way to store value.

That is correct, but there are also liabilities for $164k in the form of circulating NuBits. It is the highest % reserve we ever had I believe.

We have some infrastructure e.g. website, wallet (Mac, Win, Linux), mobile wallet (NuDroid), a sophisticated bot (NuBot) and at least two blockexplorers. Not to forget some community members still working behind the screens.

1 Like

Wasn’t it higher before the NSR buybacks?

That’s true. But these are assets that are hard to liquidate.