STEEM-SBD Market Making Bot Report date 2024.12.08 by @roadofrich

in #news • 15 days ago

Introduction to STEEM-SBD Market Making Bot

The STEEM-SBD MM bot is an innovative market making bot service tailored specifically for Steemit users.

Steemit, a popular blockchain-based social media platform, hosts its own internal market for trading Steem Backed Dollars (SBD). However, SBD can only be traded on Korea's Upbit exchange besides the Steemit internal market. Unfortunately, Upbit is accessible only to Korean users, leaving a significant portion of Steemit users unable to access it.

Consequently, the price of SBD in Steemit's internal market often trades at a considerable discount compared to Upbit's market price. This discrepancy results in Steemit users consistently incurring losses when swapping SBD for STEEM.

To address this issue, the Witness @roadofrich (Blokfield) team has developed a sophisticated MM bot that bridges the gap between Upbit and Steemit internal markets. By utilizing this bot, users can exchange SBD for STEEM at a more favorable price, mitigating their losses.

Daily Steem Backed Dollar (SBD) Transfer Volume

The daily transfer volume of SBD serves as a crucial indicator for the MM bot's performance. Here's a snapshot of recent transfer data:

DateTransfer AmountTransaction ID
12/8/202450266b0724754b9c6b2d35f0bafd315378a83dadbb
12/8/202450f4cc49147a17080336a3a55512f7f4d5ecf8e6ce
12/8/202450082850f201853ebb8940aa7c06ef855d8a6aa852
12/8/202450279a15817aa73de557e5627faf170f5ca2c7cb05
12/8/202450e9e8f384c04ec001685b270ebe6c851bce33e9e4
12/8/2024500ba0a9acad21e9120086965a8b22f1ac40b1a9a7
12/8/202450d79ab97c6e9d386e759acb7cbe9ab84893a6176f
12/8/202450d5c4a38813391db79c620aa45178e57539e03222
12/8/202450209241ead66f5a9d209e91618213e969fa458291
12/8/2024508df266fcb4fdc15993ad4474378d166b8e43f7ac
12/8/202450be5c77d32a2a5ca1a2d25418425cb396ee4dc955
12/8/202450e342f16fb9d2e8b133acb21d1a9fa2bbb89f4473
12/8/202450b33bc79baa270f077356b13f01206b9ab2ca69d5
12/8/20245055a41c811c00193022bdb5cf36b588992b981b74
12/7/20245018ddd3db67a5d2e131d855afc54979cfbd626bf8
12/7/20245030d440e0b61a4fcdddd46adbc4789a7c16e8a0ed
12/7/202450a742300a7f9e534dd066e5956f17bac0e8df9f83
12/7/2024502ca4f9c2b7c1fd84d3103d50c16bf71c38b940d0
12/7/202450c6518a0bf9772d76a5e0afa5197cf046a723bf62
12/7/202450c2c93ce4c5047c3e8d1af3a11be9eabbc1bc0c57
12/7/2024500d32891decb4cfe6359576bf7675d4081b6e6918
12/7/2024509157f84dff29dbde4a233c5e99b3059e86e5cc7d
12/7/202450bfcbeb91105df2ffb3606de9fadf320cf7b2d482
12/7/2024503f2aef44585029c1436f3c5f964a197f76d74dd1
12/7/202450d6c815c8859abdc2e4dedaec4f244410de8e841f
12/7/202450793282f2a910f8624217839c883408c7c20acb3d
12/7/202450790eab890a1e8792403b3e1fdc283ca779da7526
12/7/2024502f6e365dc228742ed6c77c44d14d469d173cbf71
12/7/2024506b9c313bf9e1f93246f9b9b914d490593d15a448
12/7/202450f7c71cec479aea8fad85eab1a79063bff4ff9cbc
12/7/202450235fb359caeace80e57fa95dd79e4792dfc0458c

The total daily transfer amount currently stands at 1550 SBD,

Currently in the testing phase, the MM bot is poised for an official launch in the near future. Stay tuned for further updates on the bot's performance and development progress.

Current Market Prices

The following table displays the current market prices of various cryptocurrencies:

SymbolPrice
STEEM - USDT0.2953000 $
BTC - USDT99687.850 $
ETH - USDT3980.7400 $
BNB - USDT747.54000 $

Stay connected for more exciting developments in the world of Steemit and market making technology! 🚀

#roadofrich
15 days ago in #news by
$0.59
  • Past Payouts $0.59
  • - Author $0.31
  • - Curators $0.28
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