USNBT purchases and burns

2019-11-01

Total value of trading fund: $169,414.74
Value of funds used for USNBT purchase (0.7%): $1,185.90
Number of USNBT purchased and burned: 19,357.7958
Average price per USNBT in USD: $0.0613
Average price per BTC in USNBT: 157,889.7160
Burn transaction ID: b3f8bfb6f385d40aa48172cc4c979c25e16ffb3f303c81c04caae9ab4939bd8d
View burn in block explorer

2 Likes

2019-11-08

Total value of trading fund: $159,656.98
Value of funds used for USNBT purchase (0.7%): $1,117.60
Number of USNBT purchased and burned: 18,475.8874
Average price per USNBT in USD: $0.0605
Average price per BTC in USNBT: 151,685.4959
Burn transaction ID: ae2b743b2ac49ee3e277ab9c0b8db832d7d3b0e419547834b6077eb91d629450
View burn in block explorer

2 Likes

How many NBTs still in circulation?

This post on that was made about 25 days ago, but there has been more burns since then…

@sentinelrv, welcome back to this community and thanks for your info. SO after 1.5 years after peg lost, we still have around one million USD deficit. Why are we in this position? The liquidity engine leaks heavily as I mentioned before. I like the idea of this project and hate the actual mechanism very much!

2019-11-15

Total value of trading fund: $131,902.40
Value of funds used for USNBT purchase (0.7%): $923.32
Number of USNBT purchased and burned: 16,662.0082
Average price per USNBT in USD: $0.0554
Average price per BTC in USNBT: 137,613.0304
Burn transaction ID: f0fb830493c019ab7b50bfb752b1590b2b043c38b960421036355a9aee3edba1
View burn in block explorer

No burns since 15-11?

2019-11-22

Total value of trading fund: $131,628.23
Value of funds used for USNBT purchase (0.7%): $921.4
Number of USNBT purchased and burned: 15,489.8383
Average price per USNBT in USD: $0.0595
Average price per BTC in USNBT: 128,389.5489
Burn transaction ID: 1768ed6506993a746ecb6f9e9fd99e6fcfedd021ab06e964f27c4ffe412d2837
View burn in block explorer

1 Like

There is an issue at SouthXchange we are currently dealing with.

2019-11-29

Total value of trading fund: $125,853.76
Value of funds used for USNBT purchase (0.7%): $880.98
Number of USNBT purchased and burned: 14,822.6633
Average price per USNBT in USD: $0.0594
Average price per BTC in USNBT: 134,576.8405
Burn transaction ID: 400713752dfeda068b06f074b038ff69e237d8672af48f3e4ed5f5fd9900ec93
View burn in block explorer

What kind of issue?

Wallet resource usage. Now resolved, and all our wallets are back online at SouthXchange.

Template

## yyyy-MM-dd

**Asset Reserve:** 
**Current Move Toward Equilibrium:** Weekly 0.7% of Asset Reserve
**Move Toward Equilibrium:** 
**Move Actions:** Trade asset1Code for asset2Code, then burn acquired asset2Code
**Move Results:** Burned asset2Amount asset2Code
**Approximate price per USNBT:** 
**Approximate price per BTC:** 
**Transaction 1 ID:** 
**[Transaction 1 in block explorer][transaction1Url]**

[transaction1Url]: 

Formulas

moveTowardEquilibriumInUsd/burnedUsnbt=approximatePriceInUsdPerUsnbt

burnedUsnbt/tradedBtc=approximatePriceInUsnbtPerBtc

2019-12-06

Asset Reserve: 122,611.08 USD
Current Move Toward Equilibrium: Weekly 0.7% of Asset Reserve
Move Toward Equilibrium: 858.28 USD
Move Actions: Trade BTC for USNBT, then burn acquired USNBT
Move Results: Burned 16,223.9851 USNBT
Approximate price per USNBT: 0.0529 USD
Approximate price per BTC: 138,636.5606 USNBT
Transaction 1 ID: 8db248b7dbb64527d6e56312789a776485b58388c5480be4d39fd9f071960e0c
Transaction 1 in block explorer

1 Like

No burns anymore?

2019-12-13

Asset Reserve: 109,548.81 USD
Current Move Toward Equilibrium: Weekly 0.7% of Asset Reserve
Move Toward Equilibrium: 766.84 USD
Move Actions: Trade BTC for USNBT, then burn acquired USNBT
Move Results: Burned 16,898.4923 USNBT
Approximate price per USNBT: 0.0454 USD
Approximate price per BTC: 144,025.5415 USNBT
Transaction 1 ID: bcb2ba2301f0590e427f50bb4b0caa4faba0ae7ccb7167cefa9d35ac16c0a2d5
Transaction 1 in block explorer

I’m sorry. This delay is my own fault. Burns will continue.

Okay, we are around 1 month behind with burning.

2019-12-20

Asset Reserve: 178,446.61 USD
Current Move Toward Equilibrium: Weekly 0.7% of Asset Reserve
Move Toward Equilibrium: 1,249.13 USD
Move Actions: Trade BTC for USNBT, then burn acquired USNBT
Move Results: Burned 20,777.6162 USNBT
Approximate price per USNBT: 0.0601 USD
Approximate price per BTC: 141,552.2074 USNBT
Transaction 1 ID: 8f561c68d67f84d280a2c86c136953e2affa03606f84ce9f1ffacbcaf84aa045
Transaction 1 in block explorer

2019-12-27

Asset Reserve: 181,301.36 USD
Current Move Toward Equilibrium: Weekly 0.7% of Asset Reserve
Move Toward Equilibrium: 1,269.11 USD
Move Actions: Trade BTC for USNBT, then burn acquired USNBT
Move Results: Burned 20,713.0218 USNBT
Approximate price per USNBT: 0.0613 USD
Approximate price per BTC: 140,847.0479 USNBT
Transaction 1 ID: f3bc4754d0246a9c1b809da7757293b12aacf676e657bd7aaa6e1f2525582557
Transaction 1 in block explorer