STEEM-SBD Market Making Bot Report date 2024.12.06 by @roadofrich

in #news • 16 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
12/6/202450e06aa49706fc516eee87c406ca57fbf2d24685b1
12/6/20245093a1c163fc961575d2acf12a9beb8ffd4a8f71f0
12/6/20245035e637346f35ad581ef357930b2c60afc0f0b34a
12/6/2024507cb56b78be9f57ab02b22e9c4e664879b90fe69c
12/6/202450fc6abeb68f1e203850babe7cad3bab426f184d99
12/6/202450daa9018900be3b4e4d7fdb4f2519c48d48cb1b5a
12/6/202450d41d3794ddeecc6e169b7a4141cc14516abc5ee7
12/6/2024501d06f55d1187d8ade351571603797a48d1f6989c
12/6/202450db9e227f460348ca926156cc47c4b99185affb15
12/6/2024504ca59ea2d6f158e8e96978db82d9fe11e5f44b85
12/5/202450a20df6d424423173410457198dff61cdb112c5f7
12/5/202450de77aa99e9557a815979b1f19713dd4bb2cbed7a
12/5/2024504675fc71ba7954d9702db497b752a58d32394645
12/5/2024505ffc20f8ae6f108ddd7d1b525c036f093970b7bd
12/5/202450a45dbaf70f3440d4365b069789fc83f28a24f73b
12/5/20245075653959b7ef9d49747a3694a0854cb02d2441f6
12/5/202451b26efdadb7f7370bac09c96a9bbb199739e8324c
12/5/202451fc62920931fda11356834e2fd481fda5ce1354ab
12/5/2024514da93b32de3bdb572d70ad859f618ea9ddaa9e4d
12/5/20245109c9ed56913a0393bbc316979f801bea4275371a
12/5/20245159fb95b7c71df38e788db0c7487437a791e25a49
12/5/202450f5697b9f89e31cea957b1f80a5b6bbc91e04c4ad
12/5/2024500e89a3e625cfb9ff9b82885616144e8985ada279
12/5/2024506105f09d7183273d108a80a3a585e63adf5166cf
12/5/20245050617b93475de7ffb30dc13e1e425ef60fdd52a3
12/5/20245012516f9341ab1bd31f5bf152df57632a1678506d
12/5/202450919df944460352feca044749fd00e1182453bd4a
12/5/202450d90a42b49bd9e2eca5a037ceeb71b977ebb78c6a
12/5/2024504a07b8149477e1e35a6e7151c552f25a58d21d20
12/5/20245097652320af03cca1cc701918a759e1a77d2bb431
12/5/20245055f1ceb7830d85470b31a002c3dc6ac70707759a
12/5/2024501a096678431ea3fcf417e0cda1b7f6d09ed6ebb3
12/5/2024500fb08887d555170df33e7a5fe5cd3cfbdfe5eab3
12/5/202450ca64a1aeb4b30561fd769ed1f850be7dca701463

The total daily transfer amount currently stands at 1705 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 - USDT0.2968000 $
BTC - USDT98226.120 $
ETH - USDT3897.6000 $
BNB - USDT726.60000 $

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

#roadofrich
16 days ago in #news by
$0.58
  • Past Payouts $0.58
  • - Author $0.31
  • - Curators $0.28
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