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Custodial Address:
B8K2wj2i7JTSgSo73P74qvBETy4kpfp6UX
Amount Requested:300 NBT
@Nagalim will start a second trustless liquidity pool on Bter.com called NuPond.net to provide liquidity for the NBT/CNY market. A target of 10,000 NBT on the bid and ask side of the order books will be provided by the pool and compensated via dutch auction at a maximum rate of %0.05/day resulting in a total maximum liquidity of 20,000 NBT. The operation will end after thirty (30) days for a maximum compensation of %1.5. The compensated spread will be no more than 0.25% to either side of the market price for USD/CNY. 300 NBT will be held as a retainer for payments to liquidity providers, paid daily with balances >1 NBT and a manual distribution at the end of operation. The operator fee will be 100 NBT, to be paid in a subsequent grant. At the end of operation the pool will be maintained until the remaining funds are exhausted or another motion takes precedence. The provisioning of the pool is based on best endeavors. No claims can be made by users when the pool server software is not available. Exchange failure or loss of funds caused by exchange operations is the risk of the liquidity provider.
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