NSR Buyback #18 - Week of January 25, 2016
To calculate the NuBits in circulation, I will start with all 3,218,298 blockchain NuBits - which is the amount at the time of writing.
Excluding tier 4 funds, because these aren’t circulating:
3,218,298 (Total NBT)
-2,000,000 (FSRT multisig)
-103,104 (FSRT singlesig)
-150,000 (JordanLee singlesig)
-162,628 (FLOT multisig)
=802,566
Using this method I arrive at 802,566 NBT in circulation.
15% of that sets the reserved tier 4 buy side funds at $120,385.
The BTC/USD exchange rate as of the end of Friday UTC was $387.40.
Funds at end of Friday UTC
- Tier 4 buy side funds controlled by FLOT consisted of 232.8 BTC
- Tier 4 buy side funds temporarily used for peg support at Poloniex consisted of 49.7 BTC
- Tier 4 buy side funds temporarily handed over to T3 custodian @Naglim consisted of 5.5 BTC
- Tier 4 buy side funds controlled by JordanLee consisted of 213.7 (417.7 - 40 - 40 - 124) BTC
- Tier 4 buy side funds total 501.7 BTC (valued $194,359).
$120,385 excluded from the share buyback calculation equals 310.75 BTC.
501.7 - 310.75 = 190.95 BTC sits in the share buyback pool.
10% of this (19 BTC) will be used for share buyback next week.
That is equivalent to approximately $7,397.
It is my understanding that FLOT will provide @Nagalim with the 19 BTC.
@Nagalim’s exchange addresses related to the NSR buyback:
Bter: 1CWYRjQe7FqemhXuS38ExfPwG2TajDzrpp
Polo: 1PfP4MNz1EHfEnr1YaYXSDdXwFGZYR4Aei
@Nagalim suggested a split of funds: 50/50.
The transaction to transfer funds from FLOT to @Nagalim has been created and signed by me
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
This is no rocket science, but takes time.
I’d appreciate it, if an NSR holder did the next calculation - and I’m not speaking necessarily of somebody who is already having a role or roles.
If nobody steps up to do it, I will include an operation fee in the next calculation I do.
I won’t sign other transactions related to the buyback that don’t include that fee. If the transaction I create gets replaced, signed and broadcast without that fee, I won’t do any more calculations.
I have come to the conclusion that NSR holders need incentives to start contributing. I’m just trying to motivate the so far passive shareholders
…and please: don’t step up and from the beginning start doing calculations that include a fee for you - you owe many in this forum.
There’s a lot of work which needs to be distributed between more contributers.