How You Can Help Make Steemit Great.
Did you happen to notice that the price of STEEM went up when it is listed on Huobi Exchange?
The number of exchanges that STEEM and SBD are available on are severely deficient. This is hindering Steemit community and forcing the price of STEEM to remain low. I evaluated the price of STEEM at $109 because a majority of the currency is locked up in Steem Power. When comparing the liquid currency and price to other currencies in the top 50, Steem should have a market price of over $100. Why is STEEM so low? It is just not made readily available because it is on very few major exchanges. Help me change that!
Lets put the lack of exchanges concept in perspective. Perhaps you want to buy a new car. You have plenty of Ford, Chevrolet, Toyota, Dodge, Mazda, Volkswagen, Subaru, and Honda dealerships where you live. They speak the same language that you use. However in order to buy a Hyundai, you have to go to another country to buy it and they don't speak your language. There is a high probability that you would not buy a Hyundai.
This is the dilemma with STEEM and SBD. As a currency, if it is not made available everywhere, then people would likely use something else. In comparison to other currencies ranked in the top 50, STEEM and SBD are severely lacking access. When people don't buy it or use it, the currency has little value and thus the price will remain low.
Other currencies have dedicated teams aggressively convincing exchanges to list their coin. STEEM seems to leave that task up to US.
Here is how you can make a difference for Steemit future.
I now have three forms to fill out.
#1
We need to let Poloniex know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the Poloniex example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-get-steem-and-sbd-wallets-working-on-poloniex-let-s-make-steem-great-again
#2
We need to let HitBTC know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the HitBTC example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/let-s-make-steem-great-again
#3
Follow this link to an article I wrote about listing STEEM and SBD on Cobinhood. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-request-steem-sbd-listing-on-cobinhood-exchange-by-socky
I think it's a great idea to comply with these 3 forms, in the end it will benefit the entire community, it is important that we all do it and that this post reaches other users to work together and be stronger.
Thank you so much. We own this effort more than most of us realize. I just wish I can coordinate directly with the various exchanges.
It would be ideal if you could establish direct contact with these, so it would improve a lot.
resteemed once again brother :-) Let's spread this as much as possible!
Thank you for supporting!
surpassinggoogle also made a petition to one of the exchanges here in the Philippines which is coins.ph. There is still no update about that. He made us do a video to explain our stand about Steem/SBD and why it should be added in their platform/exchange.
I've been watching @surpassinggoogle. He has done an amazing job getting people involved. I'll head over and check out the progress. I really hope and pray he is successful. Thanks for reminding me.
He is on to something again lol! That guy is fulll of ideas. I forgot to ask about that in the discord conference last night.
you work hard to make hope come true. i suppor you with resteem this post
I agree with your idea, money should flow. but current sbd is just fixed. I hope SBD to become high-rated Coin
But isn't the price of STEEMs mostly determined by rhe demand of advertisers? And most advertisers are corporations (I assume) which don't care what website they have to go on to get their views. I don't know how many advertisers on Steemit are small entrepeneurs, or how many would be if buying STEEM currency was more available, but if the number is relatively high than even expanding the availability won't massively increase the price of STEEMs, unless one STEEM can reach more people