Supply, Reserves, and Equilibrium (superseded by automation)

Liquidity
#326

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
#327

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.

#328

I calculated with BTC at ~$1,152.

1 Like
#329

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

#330

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

#331

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.

#332

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

#333

US NuBits were taken out of circulation at Bittrex.

24,579.8512 - 22,230.4661 = 2,349.3851

The BTC reserve at Bittrex is $2,402 smaller than last week.

Fewer US NuBits are parked.

17,043.3676 - 16,347.3857 = 695.9819

Back on March 3, Bitcoin was valued about $100 higher, making our BTC reserves worth more.

Beyond those factors, money is spent on development, contractors, and hosting fees. I list payments in https://github.com/NuAccounting/Payments/blob/master/Payments.csv

1 Like
#334

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

#335

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

#336

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.

#337

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

#338

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

#339

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
Dividends 2017?
#340

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

#341

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

#342

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.

#343

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
#344

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
#345

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