Supply, Reserves, and Equilibrium (superseded by automation)


#494

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


#495

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.


Nu just another noble experiment or more?
#496

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


#497

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.


#498

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?


#499

There are generally walls on Cryptopia but only a USNBT/BTC pair currently. Can I ask which pair you are looking at and how you determine the value of $1? We tend to look at “Coin market cap” to see the value of the US-NBT sold on the supported exchanges. Unfortunately it seems that the method CMC uses to determine the value of the trades is different to that presented in the various price feeds that NuBot uses (even those feeds provided by CMC themselves!). That can lead the price on exchange to differ to that shown in CMC. That said we do try to match prices with CMC as closely as possible.
Nu bot also suffers from occasional API connection issues which can prevent it from moving orders correctly. These are generally short lived though but could be another reason why the price seems to be out.
A third reason is that CMC uses the price of the last trade to calculate the value. If the BTC price alters but no trade is made, CMC will display a value that will be $1 even though that is the value that is available on exchange.


#500

Yes, the reason was that I was looking at the coinmarketcap USNBT/UNO pair, not the USNBT/BTC pair, thank you for pointing that out. I remember that the market cap of Nubits used to be around $700,000, what happened to this figure, why is it only $197,929 now?


#501

Supply 2017–06–16

US NuBits (US-NBT)

Blockheight: 1,450,093

Existing: 839,682.4488
Parked: 30,987.6494

Liquidity Operations*: 205,245.2312
Bittrex: 104,242.7734
Cryptopia: 100,286.2573
NuLagoon Tube: 27,421.8698
Nu-owned: 437,196.1317

Circulating: 371,498.6677

* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,450,094

Existing: 3,317,994,990

Liquidity Operations*: 60,240,010
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Cryptopia: 53,526,645
Alcurex: 71,094,422
Nu-owned: 255,145,762

Circulating: 3,062,849,228

* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn


#502

Reserves 2017–06–16

Dollar amounts represent BTC in USD.

BTC = 2,496.62 USD

Tier 1–2

Bittrex: $110,341.34
Cryptopia: $55.02
Cryptopia: $87,668.24
Alcurex: $1,863.71

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $14,972.49

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $261,596

Total Tier 1–4

$214,900.81


#503

Equilibrium 2017–06–16

Circulating US-NBT: 371,498.6677
Reserve percentage: (50 - 371,498.6677 / (2,000,000 / 25)) / 100 = 0.4536
Equilibrium reserve: 0.4536 * 371,498.6677 = 168,512
Current tier 1–4 reserve: 214,901
Minimum tier 1–4 reserve: 0.20 * 168,512 = 33,702
Daily move to equilibrium: 0.01 * (168,512 - 214,901) = -464

  • Equilibrium is having $168,512 in tier 1–4 reserves.
  • Current tier 1–4 reserves are valued at $214,901.
  • Buybacks for the amount $464 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.


#504

Because I suspect a pending Bitcoin transfer may have been resulted in BTC being excluded from Friday’s reserves, I’m redoing the calculation.


#505

Supply 2017–06–17

US NuBits (US-NBT)

Blockheight: 1,451,594

Existing: 839,682.2588
Parked: 30,987.6494

Liquidity Operations*: 205,245.2312
Bittrex: 115,464.0774
Cryptopia: 85,314.3592
NuLagoon Tube: 27,421.8698
Nu-owned: 433,445.5377

Circulating: 375,249.0717

* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,451,594

Existing: 3,318,054,968

Liquidity Operations*: 60,240,010
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Cryptopia: 53,526,645
Alcurex: 71,094,422
Nu-owned: 255,145,762

Circulating: 3,062,909,206

* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn


#506

Reserves 2017–06–17

Dollar amounts represent BTC in USD.

BTC = 2,654.72 USD

Tier 1–2

Bittrex: $118,108.05
Cryptopia: $58.51
Cryptopia: $108,004.43
Alcurex: $1,981.73

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $23,884.90

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $254,180

Total Tier 1–4

$252,037.61


#507

Equilibrium 2017–06–17

Circulating US-NBT: 375,249.0717
Reserve percentage: (50 - 375,249.0717 / (2,000,000 / 25)) / 100 = 0.4531
Equilibrium reserve: 0.4531 * 375,249.0717 = 170,025
Current tier 1–4 reserve: 252,038
Minimum tier 1–4 reserve: 0.20 * 170,025 = 34,005
Daily move to equilibrium: 0.01 * (170,025 - 252,038) = -820

  • Equilibrium is having $170,025 in tier 1–4 reserves.
  • Current tier 1–4 reserves are valued at $252,038.
  • Buybacks for the amount $820 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.


#508

Report will be posted tomorrow.


#509

Postponed again. Awaiting numbers I can’t access myself.


#510

access what?


#511

Awaiting me with the balance figures from Cryptopia. I was out most of yesterday and need to get my laptop in order to see the full balances (full balances don’t display on my phone) I also need to alter the walls on the Cryptopia NuBot. I plan to get this done as soon as I have my laptop.
In the future I plan for this information to be available through charts and tables similar to the one I recently posted for all trades. At that point the calculation can be made on the fly for any particular point in time and won’t rely on manual reporting of figures.


#512

Why was I just able to sell my Nubits for $1.30 each?


#513

Where was that @excell? What prices are you basing your calculations on?