NuShares are units held by individuals wanting to support the Nu network and ensure that it is properly maintained. They are intended to be a source of network equity, especially for entrepreneurs and developers as also for those who are in the business of speculation. The holders of NuShares can receive network revenues. These are provided in the form of Peercoin dividends.
NuShares is the company stock and acts as the main reserve for NuBits. The network is controlled by shareholders through a specific voting process. They have the power to issue new NuBits and new shares of NuShares and can set the transaction fees too as well as park rates. NuShares holders can vote for any actions that impact the Nu network positively. These actions are handy in fine tuning the demand and supply process of NuBits to ensure that they maintain their value.
According to the company, new NuShares can be created only by a grant passing process and from the reward though voting. The ratio allowed is 40 NSR per vote. One vote is allowed per seven days on every 10,000 NSR. The NuShares involved in the process cannot be moved once the votes are cast.
Grants are needed to increase the supply of coins in the system. Motion provides an indication of the needs of the shareholders. A minimum of 50 percent positive votes are needed within seven days for grants and motions to be passed in the protocol. For issuing NuShares and NuBits, it is mandatory to have the majority of votes supporting the move. Park rates and transaction fees are adjusted continuously to specific values.
Shareholders enjoy voting privileges when a block is minted. The Nu client and user interface allow a shareholder to manually configure their votes. It is possible that voting values may change fast to allow shareholders to choose an automated data feed from a source. There are high diversity and competition in the automated voting device due to a large number of entities providing data feeds of recommended votes. These votes are placed on the blockchain when a block is minted from a data feed or manually. Votes are weighted by share days used in minting the block.
The total supply of NSR coins stands at 3,248,227,670. The supply in circulation at present is 2,777,600,756. The market cap of NSR stands at $13,333,928. NSR is being traded at $0.004801.
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