Supply, Reserves, and Equilibrium (superseded by automation)

Reserves 2017–05–24

Dollar amounts represent BTC in USD.

BTC = 2,348.36 USD

Tier 1–2

Bittrex: $46,968.64
Cryptopia: $15,277.64
Cryptopia: $48,144.48
Alcurex: $4,251.07

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $132,499.49

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $168,484

Total Tier 1–4

$247,141.30

Equilibrium 2017–05–24

Circulating US-NBT: 305,280.8725
Reserve percentage: (50 - 305,280.8725 / (2,000,000 / 25)) / 100 = 0.4618
Equilibrium reserve: 0.4618 * 305,280.8725 = 140,979
Current tier 1–4 reserve: 247,141
Minimum tier 1–4 reserve: 0.20 * 140,979 = 28,196
Daily move to equilibrium: 0.01 * (140,979 - 247,141) = -1,062

Equilibrium is Nu having $140,979 in tier 1–4 reserves. We have $247,141. Buybacks for the amount $1,062 per day will begin.

Daily move to equilibrium is the amount in USD of how many NuShares will be sold or repurchased every day toward reserve equilibrium.

So 120,000 nbt brought to market?
How many sales?

2 Likes

Any increase in circulating NuBits represents sales or payments. Statistics from NuBot is on the list but not prioritized. Does that answer your questions?

1 Like

Supply 2017–05–26

US NuBits (US-NBT)

Blockheight: 1,420,436

Existing: 839,591.0043
Parked: 27,792.2567

Liquidity Operations*: 288,324.6812
Liquidity Operations**: 100,000.0000
Bittrex: 130,310.2005
Cryptopia: 69,563.9791
NuLagoon Tube: 27,421.8698
Nu-owned: 615,620.7306

Circulating: 196,178.0170

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,420,436

Existing: 3,318,143,008

Liquidity Operations*: 196,698,310
Liquidity Operations**: 58,240,000
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Cryptopia: 25,106,280
Alcurex: 53,159,267
Nu-owned: 403,488,542

Circulating: 2,914,654,466

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

Reserves 2017–05–26

Dollar amounts represent BTC in USD.

BTC = 2,188.01 USD

Tier 1–2

Bittrex: $62,016.33
Cryptopia: $2,561.47
Cryptopia: $41,559.84
Alcurex: $2,579.71

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $670.82

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $212,075

Total Tier 1–4

$109,388.17

Equilibrium 2017–05–26

Circulating US-NBT: 196,178.0170
Reserve percentage: (50 - 196,178.0170 / (2,000,000 / 25)) / 100 = 0.4755
Equilibrium reserve: 0.4755 * 196,178.0170 = 93,283
Current tier 1–4 reserve: 109,388
Minimum tier 1–4 reserve: 0.20 * 93,283 = 18,657
Daily move to equilibrium: 0.01 * (93,283 - 109,388) = -161.05

Equilibrium is Nu having $93,283 in tier 1–4 reserves. We have $109,388. Buybacks for the amount $161 per day will begin.

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

Someone sold a lot of NBT… wonder if they sold just before the BTC dump? They’ll either be very happy or very sad!

Most NuBits returned from circulation before BTC lost several hundred dollars in value.

1 Like

Supply 2017–06–02

US NuBits (US-NBT)

Blockheight: 1,429,762

Existing: 839,648.5873
Parked: 27,188.2567

Liquidity Operations*: 288,324.6812
Liquidity Operations**: 71,919.7400
Bittrex: 37,477.7724
Cryptopia: 109,133.3681
NuLagoon Tube: 27,421.8698
Nu-owned: 534,277.4315

Circulating: 278,182.8991

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,429,762

Existing: 3,317,183,982

Liquidity Operations*: 35,866,650
Liquidity Operations**: 58,240,000
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Cryptopia: 41,175,737
Alcurex: 58,198,438
Nu-owned: 263,765,511

Circulating: 3,053,418,471

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

Reserves 2017–06–02

Dollar amounts represent BTC in USD.

BTC = 2,488.05 USD

Tier 1–2

Bittrex: $146,765.48
Cryptopia: $269.05
Cryptopia: $49,536.59
Alcurex: $1,831.29

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $762.81

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $188,021

Total Tier 1–4

$199,165.23

Equilibrium 2017–06–02

Circulating US-NBT: 278,182.8991
Reserve percentage: (50 - 278,182.8991 / (2,000,000 / 25)) / 100 = 0.4652
Equilibrium reserve: 0.4652 * 278,182.8991 = 129,411
Current tier 1–4 reserve: 199,165
Minimum tier 1–4 reserve: 0.20 * 129,411 = 25,882
Daily move to equilibrium: 0.01 * (129,411 - 199,165) = -698

  • Equilibrium is having $129,411 in tier 1–4 reserves.
  • Current tier 1–4 reserves are valued at $199,165.
  • Buybacks for the amount $698 per day will begin.

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

True, we really need to be introduced to a decentralized exchange where coin de-listings are not possible or at least improbable, what is people’s opinion about https://nvo.io/?

2 Likes

NVO looks like an interesting idea, though like Bitsquare, unfortunately users will need to remain online while offers are put in, so you can’t just fill up an order book and leave. This may be possible once decentralised computing ability is added to the Safe network / accessed via another channel.

I hope the team can pull it off, as more innovation is needed in this area.

Supply 2017–06–09

US NuBits (US-NBT)

Blockheight: 1,438,888

Existing: 839,679.7410
Parked: 29,904.9963

Liquidity Operations*: 0.0000
Liquidity Operations**: 290,244.4112
Bittrex: 96,942.0862
Cryptopia: 50,365.4620
NuLagoon Tube: 27,421.8698
Nu-owned: 464,973.8291

Circulating: 344,800.9156

* BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a
** B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,438,888

Existing: 3,317,547,814

Liquidity Operations*: 0
Liquidity Operations**: 58,240,000
FLOT 1***: 64,344,685
FLOT 2****: 5,940,000
Cryptopia: 39,747,822
Alcurex: 62,454,064
Nu-owned: 230,726,571

Circulating: 3,086,821,242

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

Reserves 2017–06–09

Dollar amounts represent BTC in USD.

BTC = 2,846.94 USD

Tier 1–2

Bittrex: $130,358.34
Cryptopia: $3,761.65
Cryptopia: $55,335.19
Alcurex: $3,159.78

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $105,325.93

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $227,993

Total Tier 1–4

$297,940.90

Equilibrium 2017–06–09

Circulating US-NBT: 344,800.9156
Reserve percentage: (50 - 344,800.9156 / (2,000,000 / 25)) / 100 = 0.4569
Equilibrium reserve: 0.4569 * 344,800.9156 = 157,540
Current tier 1–4 reserve: 297,941
Minimum tier 1–4 reserve: 0.20 * 157,540 = 31,508
Daily move to equilibrium: 0.01 * (157,540 - 297,941) = -1,404

  • Target is $157,540 in tier 1–4 reserves.
  • Current tier 1–4 reserves valued at $297,941.
  • Buybacks for $1,404 per day will begin.

Daily move to equilibrium is the amount in USD of how many NuShares will be sold or repurchased every day toward reserve equilibrium.

3 Likes

I’m just curious to ask, what happens if we ever get de-listed from bittrex? Could it be the end?

Nu has survived many past problematic circumstances. We’re listed at Cryptopia in addition to Bittrex, and they’ve both been cooperative. The increases in trading volumes lately should make us attractive to keep around as one of the few stable digital currency projects, especially since our potential for even more is shown in history.

1 Like

Yes I see that Nubits also is on cryptopia, however why is Nubits on cryptobia worth sometimes less than 1 USD, is there no buy walls there?