Hi Shareholders.
The third operation of NuPool ended a few days ago, overrunning due to external factors.
The amount of liquidity provided by NuPool has stabilised at around 30k NuBits. In order to reduce the liquidity ‘market share’ of NuPool the target for the next operation will reduced to 30,000 NuBits.
The other parameters will remain the same. Payout is a maximum of 9% per month and the tolerance is 0.85%
There are a fair amount of funds remaining from the last operation (1875 NBT) so the new operation will start straight away. If this grant should fail, the operation will cease when the funds run out.
Proposal RIPEMD160 hash: b218da368c65c140caf11fd3f3ac9ffe27992843
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Custodial Address: BNUpooLoWft9JKeYm5vy1GVLFzVhfS8GeR
Amount Requested: 1125 NBT
NuPool will operate for 30 days on both Bittrex and Poloniex.
The targeted liquidity over that period will be 30,000 NBT.
The rate of compensation offered by NuPool will be 0.3% daily which scales to 9% over the course of the operation.
Custodial funds remaining at the end of the operation will be rolled over to fund the next operation of burned in the case that the operation ceases.
The total amount sought in this grant is 1125 NBT
The tolerance paramter for this operation will remain the same at 0.0085
Summary:
Duration: 30 Days
Target: 30,000 NBT
Daily Rate: 0.3%
Total Rate: 9%
Tolerance: 0.0085
Pool Fee: 300 NBT
Grant for Compensation: 825 NBT
Total Custodial Grant: 1125 NBT
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Verify. Use everything between and including the <custodianhash></custodianhash> tags.
This Grant Proposal is also available as a github gist here