Supply, Reserves, and Equilibrium (superseded by automation)

Phoenix 2016-07-16 23:10:52 UTC #243

@jooize and I are discussing details of how to implement an NSR sale plan that is compliant with the latest calculation. You will hear more from us soon.

However, it is reasonable and prudent to slow down the rate of NSR sales once the normal peg is recovered. This requires a passed motion to change, and I intend to advance a motion to do so, although I have not formulated the details of that yet.

This week’s required NSR sales are similar to what was actually sold over the past couple of weeks, so we will continue sales at about the same pace as they have been. Once peg is reached, I intend to lower the quantity of sales.

[Voting] 100 Million Nushares to FLOT-NSR to Replenish Reserve and Reduce Nu Liability

mhps 2016-07-23 00:20:27 UTC #244

Nushares buyback calculation as of Sat Jul 23 00:17:59 UTC 2016
blocks":976515
Total NBT = 1271771.6552

Uncirculating Nubits

Total NBT in circulation is 602388.032600 NBT.

Tier 4 Funds

Tier 4 buy side funds controlled by FLOT
FLOT 5-of-8 multisig old
Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
FLOT 5-of-8 multisig new
Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
Tier 4 buy side funds controlled by JordanLee 0 BTC
NuSafe has $0 for T4, and is not included for buyback pool calculation.
FLOT 3-of-5 multisig Peercoin
Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 649.165 USD
btc-e PPC average price is 0.000675 BTC
Poloniex NBT/BTC 0.00120000 $ 0.778998
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16711.429050 (25.742961 BTC)

Of the 602388.032600 NBT in circulation, 602388.032600 - 0.000000(NuSafe) = 602388.032600 NBT are outstanding.

100.00 percent of outstanding Nubits, 602388.032600 NBT (927.942869 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 927.942869 = -902.199908 BTC (16711.429050 - 602388.032600 = -585676.603550 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.1100 BTC (~ -29283.83 NBT)

Standard < -2500: Sell 29283.83 NBT (45.1100 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -3011.940163 NBT

Standard x F (-2928.383018) < -1000: Sell -2928.38 NBT (4.5110 BTC) amount of PPC next week.

cryptog 2016-07-27 02:31:08 UTC #245

Any idea about how many NSR we have in circulation right now?

mhps 2016-07-27 06:34:52 UTC #246

its on the home page of the explorer or from getinfo command.

cryptog 2016-07-27 20:26:15 UTC #247

it gives [ 1098952477] NSR but I am wondering if there are no NSR that are frozen somehow somewhere.

mhps 2016-07-30 01:28:30 UTC #249

v 0.10.2

Nushares buyback calculation as of Sun Jul 31 00:22:53 UTC 2016
blocks":987993
Total NBT = 1250037.2904

Uncirculating Nubits

FSRT multisig
Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
FSRT singlesig
Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
JordanLee singlesig
Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
JordanLee singlesig from liquidity ops
Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Total parked Nubits is 75087.384. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 580653.667800 NBT.

Tier 4 Funds

Tier 4 buy side funds controlled by FLOT
FLOT 5-of-8 multisig old
Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
FLOT 5-of-8 multisig new
Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
Tier 4 buy side funds controlled by JordanLee 0 BTC
NuSafe has $0 for T4, and is not included for buyback pool calculation.
FLOT 3-of-5 multisig Peercoin
Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitfinex BTC mid price is 654.025 USD
btc-e PPC average price is 0.00059 BTC
Poloniex NBT/BTC 0.00123435 $ 0.807296
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16836.539839 (25.742961 BTC)

Of the 580653.667800 NBT in circulation, 580653.667800 - 0.000000(NuSafe) = 580653.667800 NBT are outstanding.

100.00 percent of outstanding Nubits, 580653.667800 NBT (887.815707 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 887.815707 = -862.072746 BTC (16836.539839 - 580653.667800 = -563817.127961 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -43.1036 BTC (~ -28190.86 NBT)

Standard < -2500: Sell 28190.86 NBT (43.1036 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2903.268339 NBT

Standard x F (-2819.085640) < -1000: Sell -2819.09 NBT (4.3104 BTC) amount of PPC next week.

[updated with working block chain data]

mhps 2016-08-06 01:47:02 UTC #250

v0.11 add and use bitstamp last price for BTC/USD

Nushares buyback calculation as of Sat Aug 6 01:44:47 UTC 2016
blocks":996223
Total NBT = 1211837.7117

Uncirculating Nubits

FSRT multisig
Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
FSRT singlesig
Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
JordanLee singlesig
Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
JordanLee singlesig from liquidity ops
Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Total parked Nubits is 39707.4044. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 542454.089100 NBT.

Tier 4 Funds

Tier 4 buy side funds controlled by FLOT
FLOT 5-of-8 multisig old
Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
FLOT 5-of-8 multisig new
Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
Tier 4 buy side funds controlled by JordanLee 0 BTC
NuSafe has $0 for T4, and is not included for buyback pool calculation.
FLOT 3-of-5 multisig Peercoin
Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitstamp BTC last price is 578.00000 USD
btc-e PPC average price is 0.000625 BTC
Poloniex NBT/BTC 0.00124460 $ 0.719379
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $14879.431256 (25.742961 BTC)

Of the 542454.089100 NBT in circulation, 542454.089100 - 0.000000(NuSafe) = 542454.089100 NBT are outstanding.

100.00 percent of outstanding Nubits, 542454.089100 NBT (938.501884 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 938.501884 = -912.758924 BTC (14879.431256 - 542454.089100 = -527574.657844 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.6379 BTC (~ -26378.73 NBT)

Standard < -2500: Sell 26378.73 NBT (45.6379 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2712.270446 NBT

Standard x F (-2637.873289) < -1000: Sell -2637.87 NBT (4.5638 BTC) amount of PPC next week.

mhps 2016-08-13 03:23:36 UTC #251

Nushares buyback calculation as of Sat Aug 13 03:17:04 UTC 2016
blocks":1006415
Total NBT = 1211991.5298

Uncirculating Nubits

FSRT multisig
Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
FSRT singlesig
Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
JordanLee singlesig
Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
JordanLee singlesig from liquidity ops
Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Total parked Nubits is 35164.4044. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 542607.907200 NBT.

Tier 4 Funds

Tier 4 buy side funds controlled by FLOT
FLOT 5-of-8 multisig old
Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
FLOT 5-of-8 multisig new
Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
Tier 4 buy side funds controlled by JordanLee 0 BTC
NuSafe has $0 for T4, and is not included for buyback pool calculation.
FLOT 3-of-5 multisig Peercoin
Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitstamp BTC last price is 581.86000 USD
btc-e PPC average price is 0.00061 BTC
Poloniex NBT/BTC 0.00116767 $ 0.67942
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $14978.799084 (25.742961 BTC)

Of the 542607.907200 NBT in circulation, 542607.907200 - 0.000000(NuSafe) = 542607.907200 NBT are outstanding.

100.00 percent of outstanding Nubits, 542607.907200 NBT (932.540314 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 932.540314 = -906.797354 BTC (14978.799084 - 542607.907200 = -527629.108116 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.3399 BTC (~ -26381.46 NBT)

Standard < -2500: Sell 26381.46 NBT (45.3399 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2713.039536 NBT

Standard x F (-2638.145541) < -1000: Sell -2638.15 NBT (4.5340 BTC) amount of PPC next week.

Bull market breakout in US NuBits underway

huafei 2016-09-02 00:39:25 UTC #252

@mhps not any update ?

mhps 2016-09-02 03:29:06 UTC #253

There is not enough interest.

huafei 2016-09-10 00:32:32 UTC #254

can you show the github link about the shell script ?

mhps 2016-09-10 13:22:51 UTC #255

It’s https://github.com/mh001/buybackcalc

Just did a run

Nushares buyback calculation as of Sat Sep 10 13:21:34 UTC 2016
blocks":1047124
Total NBT = 1138994.8992

Uncirculating Nubits

FSRT multisig
Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
FSRT singlesig
Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
JordanLee singlesig
Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
JordanLee singlesig from liquidity ops
Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 64526.134 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Total parked Nubits is 10667.328. They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 469611.276600 NBT.

Tier 4 Funds

Tier 4 buy side funds controlled by FLOT
FLOT 5-of-8 multisig old
Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
FLOT 5-of-8 multisig new
Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 25.74296065 BTC
Tier 4 buy side funds controlled by JordanLee 0 BTC
NuSafe has $0 for T4, and is not included for buyback pool calculation.
FLOT 3-of-5 multisig Peercoin
Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitstamp BTC last price is 622.63000 USD
btc-e PPC average price is 0.00053 BTC
Poloniex NBT/BTC 0.00158684 $ 0.988014
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16028.339590 (25.742961 BTC)

Of the 469611.276600 NBT in circulation, 469611.276600 - 0.000000(NuSafe) = 469611.276600 NBT are outstanding.

100.00 percent of outstanding Nubits, 469611.276600 NBT (754.238113 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 754.238113 = -728.495153 BTC (16028.339590 - 469611.276600 = -453582.937010 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -36.4248 BTC (~ -22679.15 NBT)

Standard < -2500: Sell 22679.15 NBT (36.4248 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2348.056383 NBT

Standard x F (-2267.914685) < -1000: Sell -2267.91 NBT (3.6425 BTC) amount of PPC next week.

Backbone Reserve Operations (Tier 6)

mhps 2016-09-13 23:31:17 UTC #256

In three days there are ~400 nbt created as

becomes 5582.6446

mhps 2016-10-02 12:27:43 UTC #257

Nushares buyback calculation as of Sun Oct 2 12:25:41 UTC 2016
Blockheight is set to 1078910
Moneysupply is set to 1139573.4754

Total NBT = 1139573.4754

Uncirculating Nubits

FSRT multisig
Balance of BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC is 0 NBT
FSRT singlesig
Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
JordanLee singlesig
Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
JordanLee singlesig from liquidity ops
Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 34526.124 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Total parked Nubits is . They are not used in circulating nubits calculation for buyback purposes.

Total NBT in circulation is 500189.862800 NBT.

Tier 4 Funds

Tier 4 buy side funds controlled by FLOT
FLOT 5-of-8 multisig old
Balance of 3QDWJ2yqJ5iTUg6cSpAwxx95ba3NG97hzG is 0 BTC
FLOT 5-of-8 multisig new
Balance of 3HikFkS2Zinab1TJq7dqp6wSPyLu7i7bhe is 0 BTC
Tier 4 buy side funds controlled by JordanLee 0 BTC
NuSafe has $0 for T4, and is not included for buyback pool calculation.
FLOT 3-of-5 multisig Peercoin
Balance of pM68K72BBa2KX7Kj2qY5jgTB3AmCUKFQmV is 0 PPC

bitstamp BTC last price is 608.90000 USD
btc-e PPC average price is 0.000505 BTC
Poloniex NBT/BTC 0.00163659 $ 0.99652
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 0.000000 BTC, 0.000000 PPC, and $0.000000, valued $0.000000 (0.000000 BTC)

Of the 500189.862800 NBT in circulation, 500189.862800 - 0.000000(NuSafe) = 500189.862800 NBT are outstanding.

100.00 percent of outstanding Nubits, 500189.862800 NBT (821.464711 BTC), are reserved and excluded from the share buyback calculation.

0.000000 - 821.464711 = -821.464711 BTC (0.000000 - 500189.862800 = -500189.862800 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -41.0732 BTC (~ -25009.49 NBT)

Standard < -2500: Sell 25009.49 NBT (41.0732 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2500.949314 NBT

Standard x F (-2500.949314) < -1000: Sell -2500.95 NBT (4.1073 BTC) amount of PPC next week.

Phoenix 2016-11-23 21:18:43 UTC #258

Blockheight is 1153392
Total US-NBT = 1,136,548.86

Shareholder controlled US-NBT

FSRT singlesig
Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT
JordanLee singlesig
Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT
JordanLee singlesig from liquidity ops
Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 34526.124 NBT
FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Liquidity Operations
Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 122287.506 US-NBT (corrected value is 66303.3857*)
Liquidity Operations
Balance of addresses listed here is 143465.96 US-NBT
Liquidity Operations
Poloniex balance is 73844.00 US-NBT
Liquidity Operations
Bittrex balance is 3018.66 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 9351.5746.

Total US-NBT in circulation is 117420.54. (corrected value is 173404.6603)

Reserves (in US-NBT)

Poloniex: 10003.95
NuLagoon: 2225.10
Bittrex: 1970.84

Total Tier 1 reserves: 14199.89
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 291,209 US-NBT

We are required to have 56,986.82 (corrected value is 82,943.68) US-NBT in tier 1 through 4 reserves. This means that as soon as 42,786.93 (corrected value is 68,743.79) US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

(Edit) The balance reported for blockchain address BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a was outdated as reported on November 24th. The original erroneous figure and the corrected value now appear. The error could have spotted by anyone conducting a brief check of the figures by checking the balance reported in a publicly available blockchain explorer. Calculating these figures is a task I have been reluctant to take on personally. I had invited and mhps had agreed to provide these figures in recent times, but he actually did not do so. I had individually invited two others I thought would be likely and able to do the task above as well, but final figures were not to be had that way. Consistent with my habit of filling important shareholder needs where there are gaps, I provided what was needed in the most efficient way possible. It was the first calculation using this method, so an oversight is not exactly unexpected.

We have demonstrated Nu can buy back every NuBit in circulation

Phoenix 2016-11-24 17:35:59 UTC #259

@masterOfDisaster can easily reduce the $69,000 we need to start NSR buybacks to $59,000 by transferring the NuShare holder funds he is in possession of (13 BTC) to the Poloniex gateway at 1L55nYrmDEVSmwrLRBkXDCRc7kRJ9YDKVP. The funds will be immediately placed on the buy side.

@masterOfDisaster, what is your reason for withholding these shareholder funds that were earmarked solely for liquidity operations?

Should we be calling these stolen funds at this point?

Phoenix 2016-11-24 17:42:49 UTC #260

As Chief of Liquidity Operations, I am requesting that all of the above funds be transferred to liquidity operations address BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a, an address I have the key to. They are all shareholders funds earmarked for liquidity operations.

@jooize, I would like you to send 100,000 US-NBT there as well.

FLOT US-NBT Operations (sell side)

Phoenix 2016-11-27 21:51:18 UTC #261

Blockheight is 1160588
Total US-NBT = 1,136,561.74

Shareholder controlled US-NBT

FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Liquidity Operations
Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
Liquidity Operations
Balance of addresses listed here is 48901.39 US-NBT
Liquidity Operations
Poloniex balance is 72904.65 US-NBT
Liquidity Operations
Bittrex balance is 3716.42 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 9366.57

Total US-NBT in circulation is 165,209.49

Reserves (in US-NBT)

Poloniex: 10045.31
NuLagoon: 2199.87
Bittrex: 2484.03

Total Tier 1 reserves: 14729.21
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 234,462 US-NBT

We are required to have 79,192.97 US-NBT in tier 1 through 4 reserves. This means that as soon as 64,463.76 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

[Poll] When do you think the next NSR buyback will occur?

Phoenix 2016-12-07 02:58:42 UTC #262

Blockheight is 1174033
Total US-NBT = 1,141,159.11

Shareholder controlled US-NBT

FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Liquidity Operations
Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
Liquidity Operations
Balance of addresses listed here is 73371.73 US-NBT
Liquidity Operations
Poloniex balance is 72904.65 US-NBT
Liquidity Operations
Bittrex balance is 2500.63 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 9365.74

Total US-NBT in circulation is 146,553.12

Reserves (in US-NBT)

Poloniex: 8968.72
NuLagoon: 2278.53
Bittrex: 1511.48

Total Tier 1 reserves: 12758.73
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 218,528 US-NBT

We are required to have 70,591.83 US-NBT in tier 1 through 4
reserves. This means that as soon as 57,833.10 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

[Poll] When do you think the next NSR buyback will occur?

Phoenix 2016-12-11 00:11:41 UTC #263

Blockheight is 1180227
Total US-NBT = 1,141,158.2551

Shareholder controlled US-NBT

FLOT 3-of-5 multisig
Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
Liquidity Operations
Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
Liquidity Operations
Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 73371.73 US-NBT
Liquidity Operations
Poloniex balance is 72902.21 US-NBT
Liquidity Operations
Bittrex balance is 2499.72 US-NBT
NuLagoon
Balance is 27777.00 US-NBT
Total parked US-NBT is 9397.00

Total US-NBT in circulation is 146,524.37

Reserves (in US-NBT)

Poloniex: 10574.14
NuLagoon: 2320.74
Bittrex: 2546.94

Total Tier 1 reserves: 15441.82
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 199,001 US-NBT

We are required to have 70,578.51 US-NBT in tier 1 through 4 reserves. This means that as soon as 55,136.69 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

[Poll] When do you think the next NSR buyback will occur?

Backbone Reserve Operations (Tier 6)