Cybnate

Verifying that +cybnate is my openname (Bitcoin, Peercoin and NuBits username). https://onename.io/cybnate

Cybnate

Proposal for Android client for NuBits

Custodian	Cybnate
Submission Date	22-Nov-2014
Revision	0.2*
Related Proposals	None
Requested Grant Amount	3650 NBT
Custodial Fee	300 NBT

Cybnate

Proposal for Android client for NuBits

Custodian	Cybnate
Submission Date	18-Feb-2015
Revision	0.2*
Total Developments	22,500 NBT
Marketing	6,100 NBT
Custodial Fee	500 NBT

Cybnate

This motions refers to the custodial I've obtained for executing the NuDroid upgrade as detailed in this custodial grant: https://daology.org/u/cybnate/proposals/b90d9bcdbaee28337bc017e605e21f4b40109c9d

Due to the events in the last few weeks which broke the $1 peg with NuBits, the contract can't be executed normally. Given that other urgent matters are at hand to re-establish the peg, I propose that the contract between me and the Shareholders is postponed until the peg is restored.

Therefore the developer, MatthewLM won't deliver the required work according to the agreed timelines. The development work to date has been published. The details are here: https://discuss.nubits.com/t/passed-nudroid-upgrade-v5-april-2016/3716/39

The Shareholders agree that the initial payment of 4,000 NBT is sufficient for the current work.
The NuDroid app will remain on Google Play until at least January 2018 as per the existing conditions and the related infrastructure (svr1 server) will continue to be hosted according to e

Cybnate

Here is my proposal to become a reputed signer for signing B&C exchange transactions.

I propose to start with just some basic infrastructure. I'm seeing a beta phase during which I provide best effort services. Once B&C really takes off and signifcant amounts start to be traded I will upgrade the configuration to a more professional setup, higher availability and adding further assets on demand.

Therefore I plan to start with a standard server with the clients running behind ToR. Future configurations may extent to VPS or hybrid models once it has been proven that stable and secure communications can take place.

The server will be multi-core running Linux with plenty of storage in a raid-1 configuration. Will add CPU cores, memory, UPS and resilient internet connection once B&C usage increases and services become profitable. Will still aim to provide better than 95% service availability during beta period. This is about 8 hours/week on average or 18.25 days/year downtime. This allows for technical failures

Cybnate

### Introduction

I'm really excited to be able to present this complete motion to the Shareholders which provides the steps towards establishing a US$1 peg and a sustainable revenue model for Nu to the Shareholders. 

As said the motion which establishes the peg back to US$1 and has a sustainable revenue model and provides an overview of the pro, cons, risks, benefits and costs. More work can be done on quantifying some items, but I believe it provides a good pictures of what it takes. It also contains some optional motions which can be progressed separately to further strengthen this motion.
 
I like to thank @creon for the model which he presented in the forum and on which this proposal is mostly built upon. And @mhps for the overview of Nu's cost centres and reserves and the fiat gateway proposals. Both greatly inspired this motion.

### Motion start  
==================================  

Cybnate

I'm proud to present to you this custodial grant proposal to significantly improve the NuDroid App in a bid to increase the demand for NuBits.  

The proposal is split up in 5 sections; 
- Explanation and rationale  
   what is NuDroid and why this proposal?  
- Overview releases, time and costs; 
- Marketing
- Contractual context 
- Detailed description of releases.

Cybnate

The original NuDroid server "SVR1" still runs on a very limited infrastructure (1Gb memory, 1 CPU, 20Gb SSD) for about 10 NBT/month. It also has Cloudflare PRO level protection and SSL certificates to prevent easy hi-jacks/imposters.

Given the current memory issues it has with the Nu daemon and adding some future proofing this proposal upgrades the dedicated server to  2Gb, 2 CPU and a 30Gb SSD. This will cost 20 NBT/month.

The proposed grant is for 12 months and is broken down into the following components:
- Server 2Gb, 2CPU 20 NBT x 12 months = 240 NBT
- Cloudflare PRO 12,50 NBT/month x 12 = 150 NBT (this shares a subscription with LiquidBits)
- Operator fee 30 NBT x 12 months = 360 NBT (covering updates/backups/monitoring/certificates etc.)

Total: 240+150+360 = 750 NBT -/- remaining grant 1/3 of NBT450 (*) =150 = 600 NBT for 12 months.

Cybnate

*This is version 2 of a proposal based on feedback from the forums. See changes at the bottom.*

**Funding request to operate Liquidbits.net, an automatic liquidity pool for NuBits.**

The independent automatic liquidity pool (ALP, also known as TLLP) will provide liquidity on the EUR/NBT, USD/NBT and BTC/NBT markets on CCEDK.com. 

A target of 12,250 NBT on the bid and ask side of the order books will be provided by the pool split over 3 currency pairs and 1 exchange, resulting in a total maximum compensated liquidity of 24,500 NBT. 

The operation will end after sixty (60) days when a motion or grant to continue operations haven't passed before.

Cybnate

**Funding request to operate Liquidbits.net, an automatic liquidity pool for US-NuBits.**

The independent automatic liquidity pool (ALP, also known as TLLP) will provide liquidity on the EUR/USNBT, USD/USNBT and BTC/USNBT markets on CCEDK.com. 

A target of in total 6,000 USNBT on both the bid and ask side of the order books will be provided by the pool split over 3 currency pairs and 1 exchange, resulting in a total maximum compensated liquidity of 12,000 USNBT. 

The operation will end after thirty (30) days when a motion or grant to continue operations haven't passed before.

**Liquidity provided by users will be compensated as follows:**