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Tier 6 shall be redefined as the following paragraph and added to the liquidity operations model: Tier 6 (Restricted Network Access) This liquidity is unlocked through substantially increased transaction fees during periods of extreme crisis. It has zero maintenance costs but may impair the perceived quality of NuBits in the short-term. When Tier 6 is used, Nu is in a state of “restricted network access”, which is a form of capital control. The existing Tier 6 that uses NuShare sales to purchase and burn NuBits will be redefined as Tier 7 of the liquidity model. Shareholders will exercise individual discretion, but should consider setting transaction fees at a level that enables Restricted Network Access status when buy-side liquidity is at 10% or lower of total network liquidity. It would be expected that if Tier 6 (Restricted Network Access) is used, interest rates would be initially set at a very punitive rate and then slowly lowered as the crisis passes. This new Tier 6 would not be introduced to liquidity operations until volume-dependent transaction fees are enabled in the protocol.
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