@Phoenix would have to answer that.
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 can’t possibly have enough information to be fine tuning it this precisely.
Supply 2017–12–25
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
Reserves 2017–12–25
Dollar amounts represent assets’ value in USD.
Asset values
Bitcoin (BTC) = $14,073.20
Bitcoin Cash (BCH) = $2,929.25
Ethereum (ETH) = $767.96
BlockShares (BKS) = $2.50
Monero (XMR) = $358.28
Zcash (ZEC) = $552.22
Dash (DASH) = $1,180.71
Cryptoasset reserve (tier 1–4)
Alcurex (BTC): $27,480
Bittrex (BTC): $523,745
Novaexchange (BTC): $936
SouthXchange (BTC): $76,358
SouthXchange (BTC): $16,522
Liquidity Operations* (BTC): $10,149,706
Liquidity Operations* (BCH): $250,549
Liquidity Operations** (BKS): $25,759
Bittrex (ETH): $454,089
Bittrex (XMR): $161,718
Bittrex (ZEC): $149,550
Bittrex (DASH): $152,132
SouthXchange (ETH): $45,767
SouthXchange (USD): $13,510
Total: $12,047,820
* 1NuYH8dyDhFYkWfvJ6mcQZ8sPbtF5n1Hct
** 1HFc93BLYkMXURWhbDmNXg8zjurv6aqPrZ
*** 8MxJYq49Hc3TuLohvBv3M2AHp2K5zX4Luk, 8Ge1xPU3N9j1uzq25W2ZhwYWk3Z5GFJJhx, 8Vzn57iqce6PWLrPTRXFubd4goyq37ZRRr, 8FZRkaSFvu2xqWFSXd7cNSCJAzirLQ9uCW
Park Rates (tier 5)
Parked US NuBits: 212,111.7875 USNBT
Parked Chinese NuBits: 0.0000 CNNBT
Backbone reserve (tier 6)
Monthly liquidity of NuShares: $815,999
Source: https://coinmarketcap.com/currencies/volume/monthly/
Equilibrium 2017–12–25
Circulating USNBT: 11,108,607.6292
Reserve percentage: (50 - 11,108,607.6292 / (2,000,000 / 25)) / 100 = -0.8885759537
Temporary (minimum) reserve percentage: 0.40 (40%)
Equilibrium reserve: 0.40 * 11,108,607.6292 = 4,443,443
Current cryptoasset reserve (tier 1–4): 12,047,820
Minimum cryptoasset reserve (tier 1–4): 0.20 * 4,443,443 = 888,687
Daily move to equilibrium: 0.007 * (4,443,443 - 12,047,820) = -53,231
- Equilibrium is having $4,443,443 in the cryptoasset reserve.
- Currently, the cryptoasset reserve is valued at $12,047,820.
- NuShare buybacks for the amount $53,231 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.
1 Like
Supply 2018–01–01
US NuBits (USNBT)
Block height: 1,737,003
Existing: 70,348,147.7275
Parked: 209,658.7875
Liquidity Operations (1): 2,089,397.5730
Liquidity Operations Multisig 4M (2): 899,998.0000
Liquidity Operations Multisig 5M (3): 5,000,000.0000
Liquidity Operations SMG (4): 50,000,001.0000
Bittrex: 1,324,092.8835
SouthXchange: 42,862.3058
SouthXchange: 9,829.9422
NuLagoon Tube: 27,421.8698
Nu-owned: 59,393,603.5743
Circulating: 10,744,885.3657
(1) B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV
(2) Bis6BdPwdRg5dQiCEKAhjCwDkxpsGzKeJ6
(3) BcV9MTR2oSbh4KrgXk1r7iSrjmRJ5nWbuc
(4) BpDJpPxgHbEkNmeivsLu4RqBPCaBsjsqCB
Chinese NuBits (CNNBT)
Existing: 1,999,999.0000
Parked: 0.0000
Liquidity Operations (1): 1,999,999.0000
Circulating: 0.0000
(1) Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E
NuShares (NSR)
Block height: 1,737,005
Existing: 3,166,855,249
Liquidity Operations (1): 208,311,031
FLOT 1 (2): 64,344,685
FLOT 2 (3): 5,940,000
Alcurex: 1,378,704
Novaexchange: 6,245,345
SouthXchange: 6,108,500
SouthXchange: 1,521,575
SouthXchange: 809,830
Quarantined: 119,424,095
Nu-owned: 414,083,765
Circulating: 2,752,771,484
(1) SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
(2) SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
(3) Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn
1 Like
Reserves 2018–01–01
Dollar amounts represent assets’ value in USD.
Asset Values
Bitcoin (BTC) = $13,931.80
Bitcoin Cash (BCH) = $2,493.26
Ethereum (ETH) = $852.53
BlockShares (BKS) = $2.50
Monero (XMR) = $377.23
Zcash (ZEC) = $595.59
Dash (DASH) = $1,107.37
Asset Reserve (tier 1–4)
Alcurex (BTC): $60,047
Bittrex (BTC): $985,349
Novaexchange (BTC): $926
SouthXchange (BTC): $31,778
SouthXchange (BTC): $8,649
Liquidity Operations (BTC) (1): $8,864,194
Liquidity Operations (BCH) (2): $213,257
Liquidity Operations (BKS) (3): $25,759
Bittrex (ETH): $504,095
Bittrex (XMR): $170,272
Bittrex (ZEC): $161,296
Bittrex (DASH): $142,682
SouthXchange (ETH): $50,800
SouthXchange (USD): $22,985
Total: $11,242,088
(1) 1NuYH8dyDhFYkWfvJ6mcQZ8sPbtF5n1Hct
(2) 1HFc93BLYkMXURWhbDmNXg8zjurv6aqPrZ
(3) 8MxJYq49Hc3TuLohvBv3M2AHp2K5zX4Luk, 8Ge1xPU3N9j1uzq25W2ZhwYWk3Z5GFJJhx, 8Vzn57iqce6PWLrPTRXFubd4goyq37ZRRr, 8FZRkaSFvu2xqWFSXd7cNSCJAzirLQ9uCW
Park Rates (tier 5)
Parked US NuBits: 209,658.7875 USNBT
Parked Chinese NuBits: 0.0000 CNNBT
Backbone Reserve (tier 6)
Monthly liquidity of NuShares: $1,268,365
Source: https://coinmarketcap.com/currencies/volume/monthly/
Equilibrium 2018–01–01
Circulating USNBT: 10,744,885.3657
Reserve percentage: (50 - 10,744,885.3657 / (2,000,000 / 25)) / 100 = -0.8431
Temporary minimum reserve percentage: 0.40 (40%)
Equilibrium reserve: 0.40 * 10,744,885.3657 = 4,297,954
Current asset reserve (tier 1–4): 11,242,088
Minimum asset reserve (tier 1–4): 0.20 * 4,297,954 = 859,591
Daily move to equilibrium: 0.007 * (4,297,954 - 11,242,088) = -48,609
- Equilibrium is having $4,297,954 in the asset reserve.
- Currently, the asset reserve is valued at $11,242,088.
- NuShare buybacks for the amount $48,609 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 2018–01–08
US NuBits (USNBT)
Block height: 1,746,802
Existing: 70,351,642.1393
Parked: 30,778.7875
Liquidity Operations (1): 2,459,458.5042
Liquidity Operations Multisig 4M (2): 0.0000
Liquidity Operations Multisig 5M (3): 0.0000
Liquidity Operations SMG (4): 53,954,541.0764
Bittrex: 1,345,182.6070
SouthXchange: 73,369.2073
SouthXchange: 16,373.2911
NuLagoon Tube: 27,421.8698
Nu-owned: 57,876,346.5558
Circulating: 12,444,516.7960
(1): B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV
(2): Bis6BdPwdRg5dQiCEKAhjCwDkxpsGzKeJ6
(3): BcV9MTR2oSbh4KrgXk1r7iSrjmRJ5nWbuc
(4): BpDJpPxgHbEkNmeivsLu4RqBPCaBsjsqCB
Chinese NuBits (CNNBT)
Existing: 1,999,999.0000
Parked: 0.0000
Liquidity Operations (1): 1,999,999.0000
Circulating: 0.0000
(1) Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E
NuShares (NSR)
Block height: 1,746,821
Existing: 3,133,910,460
Liquidity Operations (1): 200,000,000
FLOT 1 (2): 64,344,685
FLOT 2 (3): 5,940,000
Alcurex: 0
Novaexchange: 6,245,345
SouthXchange: 0
SouthXchange: 501,147
SouthXchange: 369,127
Quarantined: 119,424,095
Nu-owned: 396,824,399
Circulating: 2,737,086,061
(1) SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
(2) SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
(3) Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn
Reserves 2018–01–08
Dollar amounts represent assets’ value in USD.
Asset Values
| Bitcoin (BTC) | $15,410.90 |
| Bitcoin Cash (BCH) | $2,427.24 |
| Ethereum (ETH) | $1,176.09 |
| BlockShares (BKS) | $2.50 |
| Monero (XMR) | $411.93 |
| Zcash (ZEC) | $718.28 |
| Dash (DASH) | $1,091.22 |
Asset Reserve (tier 1–4)
| Alcurex (BTC) | $58,477 |
| Bittrex (BTC) | $1,233,459 |
| Novaexchange (BTC) | $1,025 |
| SouthXchange (BTC) | $71,153 |
| SouthXchange (BTC) | $9,878 |
| Liquidity Operations (BTC) (1) | $10,813,017 |
| Liquidity Operations (BCH) (2) | $207,610 |
| Liquidity Operations (BKS) (3) | $25,759 |
| Bittrex (ETH) | $695,413 |
| Bittrex (XMR) | $185,934 |
| Bittrex (ZEC) | $194,522 |
| Bittrex (DASH) | $140,601 |
| SouthXchange (ETH) | $129,575 |
| SouthXchange (USD) | $14,100 |
Asset Reserve Value: $13,780,523
(1) 1DDMQEYpseKtgWgnfVqB6Y3BsbK9osa7iz
(2) 1HFc93BLYkMXURWhbDmNXg8zjurv6aqPrZ
(3) 8MxJYq49Hc3TuLohvBv3M2AHp2K5zX4Luk, 8Ge1xPU3N9j1uzq25W2ZhwYWk3Z5GFJJhx, 8Vzn57iqce6PWLrPTRXFubd4goyq37ZRRr, 8FZRkaSFvu2xqWFSXd7cNSCJAzirLQ9uCW
Park Rates (tier 5)
Parked US NuBits: 30,778.7875 USNBT
Parked Chinese NuBits: 0.0000 CNNBT
Backbone Reserve (tier 6)
Monthly liquidity of NuShares: $1,652,672
Source: https://coinmarketcap.com/currencies/volume/monthly/
Equilibrium 2018–01–08
Circulating USNBT: 12,444,516.7960
Temporary minimum reserve percentage: 0.40 (40%)
Equilibrium reserve: 0.40 * 12,444,516.7960 = 4,977,807
Current asset reserve (tier 1–4): 13,780,523
Minimum asset reserve (tier 1–4): 0.20 * 4,977,807 = 995,561
Daily move to equilibrium: 0.007 * (4,977,807 - 13,780,523) = -61,619
- Equilibrium is having $4,977,807 in the asset reserve.
- Currently, the asset reserve is valued at $13,780,523.
- NuShare buybacks for the amount $61,619 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.
1 Like
Do we have a clear easy indicator of how many us-nbt sales Nu made during last week?
please keep update
Apologies for the delayed liquidity report. It will posted this Monday 22nd.
Supply 2018–01–23
US NuBits (USNBT)
Block height: 1,767,005
Existing: 70,351,644.4089
Parked: 317,273.1075
Liquidity Operations (1): 1,599,999.9600
Liquidity Operations SMG (2): 55,398,430.9992
Bittrex: 1,283,160.6551
SouthXchange: 103,129.8240
SouthXchange: 1,099.3325
NuLagoon Tube: 27,421.8698
Nu-owned: 58,413,242.6406
Circulating: 11,621,128.6608
(1): B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV
(2): BpDJpPxgHbEkNmeivsLu4RqBPCaBsjsqCB
Chinese NuBits (CNNBT)
Existing: 1,999,999.9300
Parked: 1,542,626.6981
Liquidity Operations (1): 457,373.2300
Circulating: 0.0019
(1) Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E
NuShares (NSR)
Block height: 1,767,081
Existing: 3,088,880,598.8484
Liquidity Operations (1): 200,000,000.0000
FLOT 1 (2): 64,344,685
FLOT 2 (3): 5,940,000
Alcurex: 0.0000
Novaexchange: 6,245,344.7633
SouthXchange: 0.0000
SouthXchange: 1,325,523.7509
SouthXchange: 1,845,410.7340
Quarantined: 119,424,095
Nu-owned: 399,125,059.2482
Circulating: 2,689,755,539.6002
(1) SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
(2) SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
(3) Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn
Reserves 2018–01–23
Dollar amounts represent assets’ value in USD.
Asset Values
| Bitcoin (BTC) | $10,567.90 |
| Bitcoin Cash (BCH) | $1,586.17 |
| Ethereum (ETH) | $968.97 |
| BlockShares (BKS) | $2.50 |
| Monero (XMR) | $303.71 |
| Zcash (ZEC) | $429.55 |
| Dash (DASH) | $748.03 |
Asset Reserve (tier 1–4)
| Alcurex (BTC) | $128,699 |
| Bittrex (BTC) | $1,207,016 |
| Novaexchange (BTC) | $703 |
| SouthXchange (BTC) | $64,470 |
| SouthXchange (BTC) | $645 |
| Liquidity Operations (1) (BTC) | $5,725,130 |
| Liquidity Operations (2) (BCH) | $130,742 |
| Liquidity Operations (3) (BKS) | $25,759 |
| Bittrex (ETH) | $572,945 |
| Bittrex (XMR) | $137,087 |
| Bittrex (ZEC) | $116,329 |
| Bittrex (DASH) | $96,382 |
| SouthXchange (ETH) | $99,031 |
| SouthXchange (USD) | $92,111 |
Asset Reserve Value: $8,397,048
(1) 1DDMQEYpseKtgWgnfVqB6Y3BsbK9osa7iz
(2) 1BggZPRG3N485dHipRenCkundGGQCxwwWG
(3) 8MxJYq49Hc3TuLohvBv3M2AHp2K5zX4Luk, 8Ge1xPU3N9j1uzq25W2ZhwYWk3Z5GFJJhx, 8Vzn57iqce6PWLrPTRXFubd4goyq37ZRRr, 8FZRkaSFvu2xqWFSXd7cNSCJAzirLQ9uCW
Park Rates (tier 5)
Parked US NuBits | 317,273.1075 USNBT
Parked Chinese NuBits | 1,542,626.6981 CNNBT
Backbone Reserve (tier 6)
Monthly liquidity of NuShares: $2,266,752
Source: https://coinmarketcap.com/currencies/volume/monthly/
Equilibrium 2018–01–23
Circulating USNBT: 11,621,128.6608
Circulating CNNBT: 0.0019
Circulating in USD: 11,621,128.6611
Temporary minimum reserve percentage: 0.40 (40%)
Equilibrium reserve: 0.40 * 11,621,128.6611 = 4,648,451
Current asset reserve (tier 1–4): 8,397,048
Minimum asset reserve (tier 1–4): 0.20 * 4,648,451 = 929,690
Daily move to equilibrium: 0.007 * (4,648,451 - 8,397,048) = -26,240
- Equilibrium is having $4,648,451 in the asset reserve.
- Currently, the asset reserve is valued at $8,397,048.
- NuShare buybacks for the amount $26,240 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.
2 Likes
For up to the minute values of these calculations, please see this new topic Supply, Reserves and Equilibrium
1 Like
you don’t want to open bids on the Exchange barterdex team komodo? they well doing, and the volume of the auction grow. people need to be stable coin.