Quick Notice

Just wanted to make a quick note to everyone that the Steem Dollar is going quite stable again. As said in my previous posts it's essential for the platform of Steem that we have a stable market pegged asset (MPA) that can we can use for trading.

Because the trading platform Poloniex does not allow withdrawal of assets, the market price on CoinMarketCap has been misleading when looking at the median price. I'm therefore not including any historical price graphs

Traders move from Poloniex

With all the issues lately that Poloiex have had it seems like most traders are abandoning ship when it comes to Poloniex.

As you can see in the table below, Bittrex has taken over with 78% of the trading volume for the last 24 hours. The price is stable at around $1 per SBD. The amount of trade on Poloniex is most likely still people trying to gain some profit on people that wish to exit their exchange, driving the price down.

'#	Source	Pair	Volume (24h)	Price	Volume (%)	Updated
1	Bittrex	SBD/BTC	$89,335	$0.999670	78.06%	Recently
2	Poloniex	SBD/BTC	$25,006	$0.746908	21.85%	Recently
3	OpenLedger DEX	SBD/BTS	$73	$0.873092	0.06%	Recently
4	OpenLedger DEX	SBD/BITUSD	$34	$0.916642	0.03%	Recently
5	HitBTC	SBD/BTC	$0	$0.947963	0.00%	Recently
6	OpenLedger DEX	SBD/BTC	$0	$0.861784	0.00%	Recently

Source: https://coinmarketcap.com/currencies/steem-dollars/#markets

Steem trading still largely at Poloniex

The recent issues at Poloniex do not seem to be affecting peoples trading of the Steem asset though. Over 50% of the last days trading was done on their platform if you include both BTC and ETH trading. Bittrex is holding ~38% of the trading market in the last day.

'#	Source	Pair	Volume (24h)	Price	Volume (%)	Updated
1	Poloniex	STEEM/BTC	$434,961	$1.11	47.37%	Recently
2	Bittrex	STEEM/BTC	$344,650	$1.19	37.53%	Recently
3	Poloniex	STEEM/ETH	$72,469	$1.10	7.89%	Recently
4	Livecoin	STEEM/BTC	$54,476	$1.13	5.93%	Recently
5	OpenLedger DEX	STEEM/BTS	$8,790	$1.07	0.96%	Recently

Source: https://coinmarketcap.com/currencies/steem/#markets

Lowering APR Interest of SBD

With the trading price looking stable on the major exchange of its trading I’ve decided to lower my APR Interest down to 1% again.

I reason that we still should give a smaller interest on people holding Steem Dollars on the platform. With a stable price around $1, I find it reasonable to have an APR between 0.5 – 2%.

OpenLedger DEX

I wish to take the moment to encourage people to trade more on the OpenLedger/BitShares DEX. OpenLedger is a market exchange, powered by the BitShares DEX, that backs all assets on the DEX with real assets 1:1. All trades are recorded on the BitShares DEX ledger and can not be hidden or seized.

Your assets are securely stored in a wallet where You own the private keys. Neither OpenLedger, nor BitShares, are in control of your assets.

Note that all assets named openXXX assets are backed by Open Ledger on the BitShares DEX, like the openSteem, openBTC, openGRC assets.

Fees makes the platform run

All fees on transactions done on the BitShares DEX goes back to powering the platform, not to a large trading company that can't make their shit run. OpenLedger does take a smaller cut, but it's all transparent and visible.

Vote for me as Witness

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