Supply, Reserves, and Equilibrium (superseded by automation)

jooize · July 22, 2017, 4:38pm

Reserves 2017–07–22

Dollar amounts represent BTC in USD.

BTC = 2,796.80 USD

Tier 1–2

Bittrex: $71,802.71
Cryptopia: $3,179.93
Cryptopia: $70,671.50
Alcurex: $2,326.37

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $278,996.27

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $300,864

Total Tier 1–4

$426,976.78

jooize · July 22, 2017, 4:38pm

Equilibrium 2017–07–22

Circulating US-NBT: 618,916.0289
Reserve percentage: (50 - 618,916.0289 / (2,000,000 / 25)) / 100 = 0.4226
Equilibrium reserve: 0.4226 * 618,916.0289 = 261,554
Current tier 1–4 reserve: 426,977
Minimum tier 1–4 reserve: 0.20 * 261,554 = 52,310.8
Daily move to equilibrium: 0.01 * (261,554 - 426,977) = -1,654

Equilibrium is having $261,554 in tier 1–4 reserves.
Current tier 1–4 reserves are valued at $426,977.
Buybacks for the amount $1,654 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.

jooize · August 1, 2017, 1:37am

Supply 2017–08–01

US NuBits (US-NBT)

Blockheight: 1,513,066

Existing: 1,340,032.1790
Parked: 29,621.9098

Liquidity Operations*: 671,806.9067
Bittrex: 59,593.6271
Cryptopia: 16,554.4184
NuLagoon Tube: 27,421.8698
Nu-owned: 775,376.8220

Circulating: 535,033.4472

* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,513,095

Existing: 3,320,499,409

Liquidity Operations*: 185,230,202
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Cryptopia: 43,221,445
Alcurex: 96,858,148
Nu-owned: 395,594,480

Circulating: 2,924,904,929

* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

jooize · August 1, 2017, 1:37am

Reserves 2017–08–01

Dollar amounts represent BTC in USD.

BTC = 2,853.49 USD

Tier 1–2

Bittrex: $252.68
Cryptopia: $929.66
Cryptopia: $26,586.57
Alcurex: $543.78

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $299,591.42

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $303,478

Total Tier 1–4

$327,904.11

jooize · August 1, 2017, 1:37am

Equilibrium 2017–08–01

Circulating US-NBT: 535,033.4472
Reserve percentage: (50 - 535,033.4472 / (2,000,000 / 25)) / 100 = 0.4331
Equilibrium reserve: 0.4331 * 535,033.4472 = 231,723
Current tier 1–4 reserve: 327,904
Minimum tier 1–4 reserve: 0.20 * 231,723 = 46,345
Daily move to equilibrium: 0.01 * (231,723 - 327,904) = -962

Equilibrium is having $231,723 in tier 1–4 reserves.
Current tier 1–4 reserves are valued at $327,904.
Buybacks for the amount $962 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.

jooize · August 6, 2017, 10:30pm

Supply 2017–08–06

US NuBits (US-NBT)

Blockheight: 1,521,174

Existing: 1,340,150.9224
Parked: 36,522.9098

Liquidity Operations*: 673,996.9373
Bittrex: 70,000.0000
Cryptopia: 68,242.9000
NuLagoon Tube: 27,421.8698
Nu-owned: 839,661.7071

Circulating: 463,966.3055

* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 2,000,000
Parked: 0

Liquidity Operations*: 2,000,000

Circulating: 0

* YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m

NuShares (NSR)

Blockheight: 1,521,174

Existing: 3,320,821,962

Liquidity Operations*: 185,230,202
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Cryptopia: 49,531,787
Alcurex: 96,858,148
Nu-owned: 401,904,822

Circulating: 2,918,917,140

* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

jooize · August 6, 2017, 10:30pm

Reserves 2017–08–06

Dollar amounts represent BTC in USD.

Bitcoin (BTC) = 3,239.38 USD
Bitcoin Cash (BCC/BCH) = 208.03 USD
Stellar Lumens (XLM) = 0.023155 USD

Tier 1–2

Bittrex: $60,161.77
Cryptopia: $3,310.08
Cryptopia: $85,898.90
Alcurex: $617.32

Tier 3 (Not in effect)

Tier 4

Liquidity Operations*: $151,535.36

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Tier 5

Refer to parked amounts for current utilisation.

Tier 6

Monthly liquidity of NuShares: $286,536

Total Tier 1–4

Total Bitcoin Cash (BCC/BCH): $23,725.78
Total Stellar Lumens (XLM): $1,354.08

Total: $326,603.29

jooize · August 6, 2017, 10:30pm

Equilibrium 2017–08–06

Circulating US-NBT: 463,966.3055
Reserve percentage: (50 - 463,966.3055 / (2,000,000 / 25)) / 100 = 0.4420
Equilibrium reserve: 0.4420 * 463,966.3055 = 205,073
Current tier 1–4 reserve: 326,603
Minimum tier 1–4 reserve: 0.20 * 205,073 = 41,015
Daily move to equilibrium: 0.01 * (205,073 - 326,603) = -1,215

Equilibrium is having $205,073 in tier 1–4 reserves.
Current tier 1–4 reserves are valued at $326,603.
Buybacks for the amount $1,215 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.

jooize · August 15, 2017, 12:57am

Supply 2017–08–14

US NuBits (US-NBT)

Blockheight: 1,530,759

Existing: 1,340,150.7598
Parked: 37,063.2598

Liquidity Operations*: 630,812.8727
Bittrex: 58,801.7587
Cryptopia: 76,447.2769
NuLagoon Tube: 27,421.8698
Nu-owned: 793,483.7781

Circulating: 509,603.7219

* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 1,999,999.0000
Parked: 0.0000

Liquidity Operations*: 1,999,999.0000

Circulating: 0.0000

* Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E

NuShares (NSR)

Blockheight: 1,530,872

Existing: 3,316,208,847

Liquidity Operations*: 185,229,709
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Cryptopia: 58,444,716
Alcurex: 96,858,148
Nu-owned: 410,817,258

Circulating: 2,905,391,589

* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

jooize · August 15, 2017, 12:57am

Reserves 2017–08–14

Dollar amounts represent assets’ value in USD.

Cryptoasset reserve (tier 1–4)

Bitcoin (BTC) = 4,286.70 USD
Bitcoin Cash (BCC/BCH) = 299.08 USD
Stellar Lumens (XLM) = 0.017777 USD

Bittrex: $59,655.64
Cryptopia: $105,621.12
Cryptopia: $5,430.34
Alcurex: $3,174.59

Bitcoin Cash (BCC/BCH): $34,110.02
Stellar Lumens (XLM): $1,039.58

Liquidity Operations*: $267,781.35

Total: $476,812.64

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Park Rates (tier 5)

Parked US NuBits: 37,063.2598 US-NBT
Parked Chinese NuBits: 0.0000 CN-NBT

Backbone reserve (tier 6)

Monthly liquidity of NuShares: $186,760

jooize · August 15, 2017, 12:58am

Equilibrium 2017–08–14

Circulating US-NBT: 509,603.7219
Reserve percentage: (50 - 509,603.7219 / (2,000,000 / 25)) / 100 = 0.4363
Equilibrium reserve: 0.4363 * 509,603.7219 = 222,340
Current cryptoasset reserve (tier 1–4): 476,813
Minimum cryptoasset reserve (tier 1–4): 0.20 * 222,340 = 44,468
Daily move to equilibrium: 0.01 * (222,340 - 476,813) = -2,545

Equilibrium is having $222,340 in the cryptoasset reserve.
Currently, the cryptoasset reserve is valued at $476,813.
NuShare buybacks for the amount $2,545 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.

jooize · August 21, 2017, 10:48pm

Supply 2017–08–21

US NuBits (US-NBT)

Blockheight: 1,539,099

Existing: 1,340,180.8195
Parked: 36,458.3546

Liquidity Operations*: 593,995.7269
Bittrex: 64,054.9776
Cryptopia: 75,940.8111
NuLagoon Tube: 27,421.8698
Nu-owned: 761,413.3854

Circulating: 542,309.0795

* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 1,999,999.0000
Parked: 0.0000

Liquidity Operations*: 1,999,999.0000

Circulating: 0.0000

* Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E

NuShares (NSR)

Blockheight: 1,539,106

Existing: 3,316,536,203

Liquidity Operations*: 185,229,709
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Cryptopia: 85,316,697
Alcurex: 98,148,315
Nu-owned: 438,979,405

Circulating: 2,877,556,798

* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

jooize · August 21, 2017, 10:48pm

Reserves 2017–08–21

Dollar amounts represent assets’ value in USD.

Cryptoasset reserve (tier 1–4)

Bitcoin (BTC) = $4,023.65
Bitcoin Cash (BCC/BCH) = $638.36
Stellar Lumens (XLM) = $0.018861
Dotcoin (DOT) = $0.007280

Bitcoin (BTC):

Bittrex: $44,514.10
Cryptopia: $99,523.44
Cryptopia: $5,024.85
Alcurex: $4,509.27

Liquidity Operations*: $210,648.86

Bitcoin Cash (BCC/BCH): $72,804.85
Stellar Lumens (XLM): $1,102.97
Dotcoin (DOT): $2,912.00

Total: $441,040.33

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Park Rates (tier 5)

Parked US NuBits: 36,458.3546 US-NBT
Parked Chinese NuBits: 0.0000 CN-NBT

Backbone reserve (tier 6)

Monthly liquidity of NuShares: $136,731

jooize · August 21, 2017, 10:48pm

Equilibrium 2017–08–21

Circulating US-NBT: 542,309.0795
Reserve percentage: (50 - 542,309.0795 / (2,000,000 / 25)) / 100 = 0.4322
Equilibrium reserve: 0.4322 * 542,309.0795 = 234,386
Current cryptoasset reserve (tier 1–4): 441,040
Minimum cryptoasset reserve (tier 1–4): 0.20 * 234,386 = 46,877
Daily move to equilibrium: 0.01 * (234,386 - 441,040) = -2,067

Equilibrium is having $234,386 in the cryptoasset reserve.
Currently, the cryptoasset reserve is valued at $441,040.
NuShare buybacks for the amount $2,067 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.

lug · August 22, 2017, 2:54am

What about the repurchase of NSR? Destroy it?
From which website to buy NSR?

jooize · August 22, 2017, 2:36pm

The repurchased NSR are currently kept. I will aim to burn held NuShares in excess of 250,000,000 NSR. It’s important that we have an amount available in case of a heavy decline in NuBit demand.

Buy NSR at Cryptopia! https://www.cryptopia.co.nz/Exchange/?market=NSR_BTC

Phoenix · August 27, 2017, 1:28am

The current number of circulating US NuBits is now 1,155,505, more than double what it was at the last calculation five days ago! This is an all time high for the number of NuBits in circulation, proving Nu can overcome significant setbacks and continue to grow to make new records in our market share. The NSR market cap, at $2 million, is now back where it was just before the devastating multi-sig signer misconduct in May 2016.

While an exact calculation will be completed in the coming days, I can estimate that daily NSR buybacks will be increased from the current amount of $2067 to around $7000 at the next weekly calculation, if nothing changes materially, such as the number of NuBits in circulation or the Bitcoin price. That is a lot of NSR that will be purchased in the open market every day!

lug · August 27, 2017, 1:35am

The market is available without trading,
Where do you want to buy back NSR?

jooize · August 28, 2017, 10:36pm

Supply 2017–08–28

US NuBits (US-NBT)

Blockheight: 1,550,314

Existing: 1,340,271.5490
Parked: 34,096.3546

Liquidity Operations*: 196,516.7198
Bittrex: 70,961.5815
Cryptopia: 0.0000
NuLagoon Tube: 27,421.8698
Nu-owned: 294,900.1711

Circulating: 1,011,275.0233

* B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV

Chinese NuBits (CN-NBT)

Existing: 1,999,999.0000
Parked: 0.0000

Liquidity Operations*: 1,999,999.0000

Circulating: 0.0000

* Yh4LvkkQQSEjQfPmqEYB6PkL2SqmC1W43E

NuShares (NSR)

Blockheight: 1,550,314

Existing: 3,316,981,953

Liquidity Operations*: 286,933,369
FLOT 1**: 64,344,685
FLOT 2***: 5,940,000
Cryptopia: 4,000,000
Alcurex: 100,449,585
Nu-owned: 461,667,639

Circulating: 2,855,314,314

* SaaP8P3TH8HU27MBkhH6j8EhQ9AvAEY27J
** SvtGbNjWE49pTM2TiUZrYKSNkxTJx75mmC
*** Snvrc5q82wfe2NjEjaQAyStpPKseWrsNqn

jooize · August 28, 2017, 10:37pm

Reserves 2017–08–28

Dollar amounts represent assets’ value in USD.

Cryptoasset reserve (tier 1–4)

Bitcoin (BTC) = $4403.93
Bitcoin Cash (BCC/BCH) = $599.22
Stellar Lumens (XLM) = $0.020810
Dotcoin (DOT) = $0.008266

Bittrex: $93,944.25
Cryptopia: $0
Cryptopia: $1,810.79
Alcurex: $2,962.71

Liquidity Operations*: $899,256.33

Bitcoin Cash (BCH): $68,339.38
Stellar Lumens (XLM): $1,216.95
Dotcoin (DOT): $1,653.20

Total: $1,069,183.60

* 17owruzTRANDYwCq77bSABQLXBxx3QaCea

Park Rates (tier 5)

Parked US NuBits: 34,096.3546 US-NBT
Parked Chinese NuBits: 0.0000 CN-NBT

Backbone reserve (tier 6)

Monthly liquidity of NuShares: $142,545