STEEM-SBD Market Making Bot Report date 2024.12.09 by @roadofrich

in #news • 13 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
12/9/202450c4e193e8749fd9617461b6a6a667a80ebff49c0e
12/9/2024506509af249df0b0e477305bb9cf4c21ef586940f4
12/9/202450a8a6dcf177f85d304363c7303f1c03bada3caf70
12/9/2024508948613efec477009d1d03dfa9d63a902193410e
12/9/20245004804cfa8e75cbc03976b7eaa99f3c0b79ab4562
12/9/2024502ee3c6fba738fddb99f81d52dda70fe8e0e47e3e
12/9/202450dbbf7765df86193a82412796b6c230667dca3c10
12/9/202450b41c780853437a12d4f482f44251fd5b3925ad64
12/9/202450701ed0617a5d44381132d6544eecb1f0d23977c5
12/9/202450e37ad7240c504c0fdfb4003380faa5815ea07ebb
12/9/2024504f573934da8312a959d6e5b8db7c07df8ceaa1cc
12/9/2024500f5d855cd566d2906e761469c8a2954ed16d50fc
12/9/202450f31c2c9cc220d82157c1ba5f8b367022258134b9
12/9/202450d0726c14c6b8412e106100252b2d6bda00a528c3
12/9/20245040e86fe501ab461d4889eb8a1b2c25f694ebc77c
12/9/20245061fa221e24b17f228d9e528052f93454311223da
12/9/20245032ac709129eb48f97d318656d36abc5b780d08fb
12/9/202450c4a2b2cb1aa72b339b59c70f64f9cb0789bda6ee
12/9/202450a5526dcabdf7430b07372cd154b8cf757d190c36
12/9/202450fe9c6784a0dbe5d8db46feb1706d846c7946303e
12/9/20245010772a89385d4602f911a67e47a1c340183af453
12/9/2024505b8b25d4ffefb35b028c27bd47e1cbd3847ebb5f
12/9/202450fb63917bc1ae1bf4b24731f4f254289589f3ddb1
12/9/2024507d388b7e716c88e51af3d2f189cf05d50c428f34
12/9/20245068d09261571aa746cdba5c9ffc3bfdf3a7ddaea3
12/9/202450eaa77c322667aecc2404e3d45e9b85addc20ef32
12/9/2024500de9ad5c71cb0d36bd7712d5ea0dbd18b1c03a3d
12/8/2024504fa87f7622762a8ec24a262ac43811de5aea1f35
12/8/20245046ebfaae3144d029810f3495dc29731058a5d45b
12/8/202450ebd76fc983aedba5d2a6ee69cbe4acc98c6bfc0b
12/8/2024500e050f2bb1ef6a1274a2c0fcd29687ba8f89debe
12/8/20245042448551ee0f1eff4b514406b38852aee9bdc80f
12/8/202450a21738ba2ff3d520ec5fb140608a525b89c46ceb
12/8/2024500e523e688ca71318808f06355322d671607fcc7e
12/8/20245091649892a2511082b8e7a07b9692139339f014e3
12/8/2024501c69d7142f4bc5d012f6496a1f00d99157d33be2
12/8/202450b8be4fe62497f753348b22395bad98d274b463e7
12/8/2024501828d0580920a3cd26d62ad89a876c358c318027
12/8/2024509eebf5fca79619ce65062d25d3f85c732f6081e4
12/8/202450ebddeaa427a69e352fc9b6fee7c3ca1202bae54f
12/8/20245042b78c77c0d3bd293c8d34fee0b36fcd817e0c22
12/8/202450dc04b0f1314c9fc99765f691dbf06900dc361ddb
12/8/202450813d527a82bc0244c125a0a4bcd274476be1c0ae
12/8/202450e5f4cc17cbe4865f2acc455ca2d45a44a2dafd67
12/8/2024501e8a7a450136cb388bf9752602aa2dae3ba188ae
12/8/202450ad75d8875188e761e560f1a4ae064cf89e023dfa
12/8/2024508e34ae1af9bc7846623afbac2041e97545823ae1
12/8/20245020c21a3785ec4bef814082dd265ca3e340e44aa7
12/8/202450b9f3b5d20bbb4ceb8f818e057c161f2321ec4c94
12/8/202450b1451ef5d130d807e9fc9101849c7fbbf68205c8
12/8/20245060a2927dd1e45564da13ec883a5ed29ac77b4f5a

The total daily transfer amount currently stands at 2550 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 - USDT0.2932000 $
BTC - USDT99604.000 $
ETH - USDT3917.5000 $
BNB - USDT720.19000 $

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

#roadofrich
13 days ago in #news by
$0.88
  • Past Payouts $0.88
  • - Author $0.47
  • - Curators $0.41
26 votes
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