Can DayBit exchange be a global exchange for Steem and SMTs?
If you look into @daybit's volumes, top one coin is HUNT and third best coin is Steem. It looks like HUNT is making a kill there though it is down to 0.015 cents from its IEO price of 0.02. Volume for HUNT is quite significant.
@daybit seems to be very friendly with Steem based Tokens. @actifit, @dlike, @dclick and others have plan to launch IEOs there.
@daybit is relatively new exchange. It is founded by Chain partners, a South Korean startup. They have a large professional team that seems to be motivated to succeed. Moreover, @steem has relatively large followers and investors from South Korea. Therefore, South Korean exchange taking interest on Steem makes lots of sense.
However, cryptocurrency exchange business is already crowded market. There is already 255 exchanges that are listed in CoinMarketCap. Therefore, a new exchange has to make up lots of marketing and investing to catch up the shares of cryptocurrency trading.
Already Steem has few internal exchanges: Internal Steem/SBD Dex, @steem-engine, @freedomex, @swapsteem. However, Steem still lacks traders interest from major exchanges. Most of the top exchanges still has not picked Steem yet though it ranks from 30-50 such as OKEX, Bitfinex, Coinbase, DigiFinex.
Most of the exchanges inflate volumes. Some ask money from devs to list a coin. It is a bizarre and shady market. STINC and community have to navigate them aggressively to list Steem to the most of the exchanges. Steem needs to see volumes similar to EOS, LTC or even DOGE to see big success.
At least @daybit's collaboration with top Steem based tokens are very first steps.
Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions.
Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading.
@riseofth
Cryptominer since 2013, occasional trader and tech blogger
Can you use it from the USA? Seems like you can’t
Posted using Partiko iOS
Yep, nobody from US can't.
I find it a bit misleading that this is advertised nowhere? Steemhunt should have gone with an exchange that didn’t have such a big drawback and at the very least there should be a little note in their posts or something that USA clients can’t participate... Very excited for Steem-Engine to have all these tokens (we are getting there)!
Posted using Partiko iOS
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Daybit require KYC/AML requirement? It is a beginning for daaps to have a place to trade the tokens.
Posted using Partiko Android
Yeah you have to at least give them email and phone number. I got all excited thinking I could dump some HUNT but then I find out no USA clients allowed 😕
Posted using Partiko iOS
Can you transfer it to someone else and the person can sell them for you?
I think that’s probably possible.
Posted using Partiko iOS
I think the way nodes have been setuo in the past are the roadblocks we have seen for exchange listings but that could change with MIRA which could open it up to more possibilities.
Posted using Partiko iOS
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Have you invite code at daybit link refferal?
Posted using Partiko Android