There were a lot of things I liked about the very sophisticated and technical content @Nagalim has posted here in the past.
Too sad he stopped posting.
Supply 2017β11β20
US NuBits (USNBT)
Block height: 1,676,805
Existing: 4,345,256.8711
Parked: 128,563.7875
Liquidity Operations*: 1,038,368.1378
Liquidity Operations**: 2,000,000.0000
Bittrex: 89,402.1964
SouthXchange: 23,750.6124
NuLagoon Tube: 27,421.8698
Nu-owned: 3,178,942.8164
Circulating: 1,037,750.2672
* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV
** BA82T18qnhtmAmJG3U5rcmzvqdUJ6YTd3d
Chinese NuBits (CNNBT)
Existing: 1,999,999.0000
Parked: 0.0000
Liquidity Operations*: 1,999,999.0000
Circulating: 0.0000
* Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E
NuShares (NSR)
Block height: 1,676,819
Existing: 3,319,002,661
Liquidity Operations*: 215,066,622
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Alcurex: 0
Novaexchange: 5,398,158
SouthXchange: 2,012
Quarantined: 119,424,095
Nu-owned: 410,175,572
Circulating: 2,908,827,089
* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn
Reserves 2017β11β20
Dollar amounts represent assetsβ value in USD.
Asset values
Bitcoin (BTC) = $7807.28
Bitcoin Cash (BCH) = $1,166.64
Ethereum (ETH) = $354.27
BlockShares (BKS) = $0.60
Cryptoasset reserve (tier 1β4)
Alcurex (BTC): $5,429
Bittrex (BTC): $99,406
Novaexchange (BTC): $1,866
SouthXchange (BTC): $23,723
Liquidity Operations* (BTC): $1,161,372
Liquidity Operations* (BCH): $99,787
Liquidity Operations** (BKS): $2,718
Bittrex (ETH): $35,209
SouthXchange (USD): $9,227
Total: $1,438,736
* 1NuYH8dyDhFYkWfvJ6mcQZ8sPbtF5n1Hct
** 1HFc93BLYkMXURWhbDmNXg8zjurv6aqPrZ
*** 8MxJYq49Hc3TuLohvBv3M2AHp2K5zX4Luk
, 8Ge1xPU3N9j1uzq25W2ZhwYWk3Z5GFJJhx
, 8Vzn57iqce6PWLrPTRXFubd4goyq37ZRRr
Park Rates (tier 5)
Parked US NuBits: 128,563.7875 US-NBT
Parked Chinese NuBits: 0.0000 CN-NBT
Backbone reserve (tier 6)
Monthly liquidity of NuShares: $216,029
Source: https://coinmarketcap.com/currencies/volume/monthly/
Equilibrium 2017β11β20
Circulating US-NBT: 1,037,750.2672
Reserve percentage: (50 - 1,037,750.2672 / (2,000,000 / 25)) / 100 = 0.3703
Temporary minimum reserve percentage: 0.40 (40%)
Equilibrium reserve: 0.40 * 1,037,750.2672 = 415,100
Current cryptoasset reserve (tier 1β4): 1,438,736
Minimum cryptoasset reserve (tier 1β4): 0.20 * 415,100 = 83,020
Daily move to equilibrium: 0.006 * (415,100 - 1,438,736) = -6,142
- Equilibrium is having $415,100 in the cryptoasset reserve.
- Currently, the cryptoasset reserve is valued at $1,438,736.
- NuShare buybacks for the amount $6,142 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.
Supply 2017β11β28
US NuBits (USNBT)
Block height: 1,689,189
Existing: 4,345,251.7211
Parked: 132,389.7875
Liquidity Operations*: 487,080.3900
Liquidity Operations**: 2,000,000.0000
Bittrex: 100,048.7085
SouthXchange: 34,449.7671
SouthXchange: 10,232.0475
NuLagoon Tube: 27,421.8698
Nu-owned: 2,659,232.7829
Circulating: 1,553,629.1507
* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV
** BA82T18qnhtmAmJG3U5rcmzvqdUJ6YTd3d
Chinese NuBits (CNNBT)
Existing: 1,999,999.0000
Parked: 0.0000
Liquidity Operations*: 1,999,999.0000
Circulating: 0.0000
* Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E
NuShares (NSR)
Block height: 1,689,191
Existing: 3,319,490,858
Liquidity Operations*: 201,139,465
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Alcurex: 18,286,492
Novaexchange: 5,398,158
SouthXchange: 7,677,920
SouthXchange: 6,863,223
Quarantined: 119,424,095
Nu-owned: 429,074,038
Circulating: 2,890,416,820
* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn
Reserves 2017β11β28
Dollar amounts represent assetsβ value in USD.
Asset values
Bitcoin (BTC) = $10,723.80
Bitcoin Cash (BCH) = $1,579.57
Ethereum (ETH) = $478.46
BlockShares (BKS) = $1.00
Cryptoasset reserve (tier 1β4)
Alcurex (BTC): $9,247
Bittrex (BTC): $96,975
Novaexchange (BTC): $2,563
SouthXchange (BTC): $23,129
SouthXchange (BTC): $10,910
Liquidity Operations* (BTC): $2,201,852
Liquidity Operations* (BCH): $135,106
Liquidity Operations** (BKS): $4,529
Bittrex (ETH): $53,344
SouthXchange (USD): $9,240
Total: $2,546,895
* 1NuYH8dyDhFYkWfvJ6mcQZ8sPbtF5n1Hct
** 1HFc93BLYkMXURWhbDmNXg8zjurv6aqPrZ
*** 8MxJYq49Hc3TuLohvBv3M2AHp2K5zX4Luk
, 8Ge1xPU3N9j1uzq25W2ZhwYWk3Z5GFJJhx
, 8Vzn57iqce6PWLrPTRXFubd4goyq37ZRRr
Park Rates (tier 5)
Parked US NuBits: 132,389.7875 USNBT
Parked Chinese NuBits: 0.0000 CNNBT
Backbone reserve (tier 6)
Monthly liquidity of NuShares: $216,555
Source: https://coinmarketcap.com/currencies/volume/monthly/
Equilibrium 2017β11β28
Circulating USNBT: 1,553,629.1507
Reserve percentage: (50 - 1,553,629.1507 / (2,000,000 / 25)) / 100 = 0.3058
Temporary minimum reserve percentage: 0.40 (40%)
Equilibrium reserve: 0.40 * 1,553,629.1507 = 621,452
Current cryptoasset reserve (tier 1β4): 2,546,895
Minimum cryptoasset reserve (tier 1β4): 0.20 * 621,452 = 124,290
Daily move to equilibrium: 0.007 * (621,452 - 2,546,895) = -13,478
- Equilibrium is having $621,452 in the cryptoasset reserve.
- Currently, the cryptoasset reserve is valued at $2,546,895.
- NuShare buybacks for the amount $13,478 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.
Supply 2017β12β04
US NuBits (USNBT)
Block height: 1,697,844
Existing: 4,347,326.8914
Parked: 211,779.7875
Liquidity Operations*: 1,309,999.9400
Liquidity Operations**: 0.0000
Bittrex: 207,745.1493
SouthXchange: 46,818.2441
SouthXchange: 10,069.9055
NuLagoon Tube: 27,421.8698
Nu-owned: 1,602,055.1087
Circulating: 2,533,491.9952
* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV
** BA82T18qnhtmAmJG3U5rcmzvqdUJ6YTd3d
Chinese NuBits (CNNBT)
Existing: 1,999,999.0000
Parked: 0.0000
Liquidity Operations*: 1,999,999.0000
Circulating: 0.0000
* Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E
NuShares (NSR)
Block height: 1,697,854
Existing: 3,319,837,137
Liquidity Operations*: 205,020,490
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Alcurex: 42,174,936
Novaexchange: 5,537,087
SouthXchange: 1,038,400
SouthXchange: 6,920,400
SouthXchange: 6,893,800
Quarantined: 119,424,095
Nu-owned: 457,293,893
Circulating: 2,862,543,244
* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn
Reserves 2017β12β04
Dollar amounts represent assetsβ value in USD.
Asset values
Bitcoin (BTC) = $11,907.40
Bitcoin Cash (BCH) = $1,597.04
Ethereum (ETH) = $471.15
BlockShares (BKS) = $1.00
Cryptoasset reserve (tier 1β4)
Alcurex (BTC): $7,488
Bittrex (BTC): $182,453
Novaexchange (BTC): $0
SouthXchange (BTC): $30,701
SouthXchange (BTC): $15,036
Liquidity Operations* (BTC): $3,368,213
Liquidity Operations* (BCH): $136,600
Liquidity Operations** (BKS): $4,529
Bittrex (ETH): $35,988
SouthXchange (ETH): $29,189
SouthXchange (USD): $9,226
Total: $3,819,423
* 1NuYH8dyDhFYkWfvJ6mcQZ8sPbtF5n1Hct
** 1HFc93BLYkMXURWhbDmNXg8zjurv6aqPrZ
*** 8MxJYq49Hc3TuLohvBv3M2AHp2K5zX4Luk
, 8Ge1xPU3N9j1uzq25W2ZhwYWk3Z5GFJJhx
, 8Vzn57iqce6PWLrPTRXFubd4goyq37ZRRr
Park Rates (tier 5)
Parked US NuBits: 211,779.7875 USNBT
Parked Chinese NuBits: 0.0000 CNNBT
Backbone reserve (tier 6)
Monthly liquidity of NuShares: $310,097 + SouthXchange
Source: https://coinmarketcap.com/currencies/volume/monthly/
Equilibrium 2017β12β04
Circulating USNBT: 2,533,491.9952
Reserve percentage: (50 - 2,533,491.9952 / (2,000,000 / 25)) / 100 = 0.1833
Temporary minimum reserve percentage: 0.40 (40%)
Equilibrium reserve: 0.40 * 2,533,491.9952 = 1,013,397
Current cryptoasset reserve (tier 1β4): 3,819,423
Minimum cryptoasset reserve (tier 1β4): 0.20 * 1,013,397 = 202,679
Daily move to equilibrium: 0.007 * (1,013,397 - 3,819,423) = -19,642
- Equilibrium is having $1,013,397 in the cryptoasset reserve.
- Currently, the cryptoasset reserve is valued at $3,819,423.
- NuShare buybacks for the amount $19,642 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.
Supply 2017β12β15
US NuBits (USNBT)
Block height: 1,712,681
Existing: 4,347,330.0620
Parked: 215,294.7875
Liquidity Operations*: 538,999.9400
Bittrex: 306,698.6200
SouthXchange: 85,268.0717
SouthXchange: 10,829.9422
NuLagoon Tube: 27,421.8698
Nu-owned: 969,218.4437
Circulating: 3,162,816.8308
* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV
Chinese NuBits (CNNBT)
Existing: 1,999,999.0000
Parked: 0.0000
Liquidity Operations*: 1,999,999.0000
Circulating: 0.0000
* Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E
NuShares (NSR)
Block height: 1,712,685
Existing: 3,248,101,073
Liquidity Operations*: 200,000,000
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Alcurex: 0
Novaexchange: 5,537,087
SouthXchange: 15,012,300
SouthXchange: 7,125,600
SouthXchange: 6,829,473
Quarantined: 119,424,095
Nu-owned: 424,213,241
Circulating: 2,823,887,833
* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn
Reserves 2017β12β15
Dollar amounts represent assetsβ value in USD.
Asset values
Bitcoin (BTC) = $17,920.50
Bitcoin Cash (BCH) = $1,747.80
Ethereum (ETH) = $688.93
BlockShares (BKS) = $1.00
Monero (XMR) = $315.05
Zcash (ZEC) = $466.30
Cryptoasset reserve (tier 1β4)
Alcurex (BTC): $42,396
Bittrex (BTC): $374,914
Novaexchange (BTC): $6,272
SouthXchange (BTC): $55,670
SouthXchange (BTC): $21,541
Liquidity Operations* (BTC): $4,874,149
Liquidity Operations* (BCH): $149,495
Liquidity Operations** (BKS): $4,529
Bittrex (ETH): $148,547
Bittrex (XMR): $101,028
Bittrex (ZEC): $126,282
SouthXchange (ETH): $42,627
SouthXchange (USD): $8,108
Total: $5,955,560
* 1NuYH8dyDhFYkWfvJ6mcQZ8sPbtF5n1Hct
** 1HFc93BLYkMXURWhbDmNXg8zjurv6aqPrZ
*** 8MxJYq49Hc3TuLohvBv3M2AHp2K5zX4Luk
, 8Ge1xPU3N9j1uzq25W2ZhwYWk3Z5GFJJhx
, 8Vzn57iqce6PWLrPTRXFubd4goyq37ZRRr
Park Rates (tier 5)
Parked US NuBits: 215,294.7875 USNBT
Parked Chinese NuBits: 0.0000 CNNBT
Backbone reserve (tier 6)
Monthly liquidity of NuShares: $471,414
Source: https://coinmarketcap.com/currencies/volume/monthly/
Equilibrium 2017β12β15
Circulating USNBT: 3,162,816.8308
Reserve percentage: (50 - 3,162,816.8308 / (2,000,000 / 25)) / 100 = 0.1046
Temporary minimum reserve percentage: 0.40 (40%)
Equilibrium reserve: 0.40 * 3,162,816.8308 = 1,265,127
Current cryptoasset reserve (tier 1β4): 5,955,560
Minimum cryptoasset reserve (tier 1β4): 0.20 * 1,265,127 = 253,025
Daily move to equilibrium: 0.007 * (1,265,127 - 5,955,560) = -32,833
- Equilibrium is having $1,265,127 in the cryptoasset reserve.
- Currently, the cryptoasset reserve is valued at $5,955,560.
- NuShare buybacks for the amount $32,833 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.
In september, this number changed to 0.006, then to 0.007 at the end of last month. Is there a strategy at play here, or is it chosen by feeling?
If this number is too high, funds are used too quickly, resulting in poor pricing of NSR. If the figure is too low, then we keep more reserve than is ideal. There can be other factors as well that may be temporary in nature. The volatility of the NuBit currency supply has been excessive in recent months, and calls for a reduction in the multiplier, to ensure we have funds in the event of a sudden and sharp drop in NuBit circulating supply. In addition, in recent months there have been expected expenditures on contractors that funds should be preserved to pay for.
Thanks for asking.
So why the increase from .006 to .007? Seems like you canβt possibly have enough information to be fine tuning it this precisely.
Supply 2017β12β25
US NuBits (USNBT)
Block height: 1,727,009
Existing: 11,348,143.0477
Parked: 212,111.7875
Liquidity Operations*: 0.9700
Bittrex: 0.0000
SouthXchange: 0.7912
SouthXchange: 0.0000
NuLagoon Tube: 27,421.8698
Nu-owned: 27,423.6310
Circulating: 11,108,607.6292
* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV
Chinese NuBits (CNNBT)
Existing: 1,999,999.0000
Parked: 0.0000
Liquidity Operations*: 1,999,999.0000
Circulating: 0.0000
* Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E
NuShares (NSR)
Block height: 1,727,023
Existing: 3,248,673,425
Liquidity Operations*: 200,000,000
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Alcurex: 0
Novaexchange: 6,245,345
SouthXchange: 0
SouthXchange: 7,314,200
SouthXchange: 6,829,500
Quarantined: 119,424,095
Nu-owned: 410,097,825
Circulating: 2,838,575,600
* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn