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:

Date	Transfer Amount	Transaction ID
8/30/2024	50	d691769d407f27ef4fc0e7cba3cdfb145c433c2d
8/30/2024	220	09fdfa53528f305dd314c0c0cef44c6f9c717d35
8/30/2024	235.355	7accca9f55d4366f3da5b200e184765dac37f012

The total daily transfer amount currently stands at 505.355 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:

Symbol	Price
STEEM - USDT	0.1628000 $
BTC - USDT	59102.710 $
ETH - USDT	2521.1400 $
BNB - USDT	535.70000 $

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