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Intro
@masterOfDisaster - below called "the operator" - will run a NuBot on Poloniex. The liquidity is being broadcast using a custodial address to allow tracking the liquidity situation of the bot.
The operator promises to send all funds to a FLOT multisig address upon request of a majority of the FLOT members or by a passed NSR holder motion.
Availability
The operator offers no guarantee for anything - neither the availability of NuBot nor the operator's avialability nor malfunctions of NuBot nor outages of the internet access nor the funds on the exchange as the operator doesn't intend to earn money with this operation.
Begin of operation
Operation begins on the day NuBot puts the first deposit of funds by FLOT on the order book.
In case NuBot is on standby (not running) and the FLOT deposits funds, operation will begin on the day NuBot gets started and puts orders on the book.
End of operation
Operation is ceased by request of withdrawal of all funds or if operator sends all funds to FLOT multisig address(es). NuBot is put on standby afterwards.
Modes of withdrawal
NSR holders can request withdrawal by motion.
FLOT members can request withdrawal to a FLOT multisig address for which they are signer by posting in the forum.
The number of FLOT members to request a deposit to a FLOT multisig address equals the number of FLOT members to execute transactions from this address.
The operator may withdraw funds to a FLOT multisig address by discretion.
Compensation scheme
The operator charges no fee for this operation for the first 45 days of operation.
If the operation hasn't been ceased by request of either NSR or FLOT after those 45 days passed, a fee of daily 15 NBT applies for the next 30 days, increasing 5 NBT per day each subsequent 30 days.
The fee will be taken from funds on the exchange account if sufficient funds are available or raised by grant.
If the operation is ceased by FLOT or NSR holder request and started again afterwards, this grace period won't be applied again.
Reasoning for compensation scheme
Having no fee at all for this operation is expected to hinder the creation of more sound solutions (e.g. T3 custodians who need to charge a fee).
So it mustn't stay free forever and on the contrary has a high daily compensation.
On the other hand this motion isn't meant to skin Nu and therefore has an extended grace period.
Premature activation
If the FLOT deposits funds at the operator's exchange account, they will be used by the operator as if this motion already passed.
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