4 Things You Can do Today to Improve STEEM and SBD Availability.

in #steemit6 years ago (edited)

Did you happen to notice that the price of STEEM went up when it is listed on Huobi Exchange?

The number of exchanges that STEEM and SBD are available on are severely deficient. This is hindering Steemit community and forcing the price of STEEM to remain low. I evaluated the price of STEEM at $109 because a majority of the currency is locked up in Steem Power. When comparing the liquid currency and price to other currencies in the top 50, Steem should have a market price of over $100. Why is STEEM so low? It is just not made readily available because it is on very few major exchanges. Help me change that!

Steemit Dollar.png

Lets put the lack of exchanges concept in perspective. Perhaps you want to buy a new car. You have plenty of Ford, Chevrolet, Toyota, Dodge, Mazda, Volkswagen, Subaru, and Honda dealerships where you live. They speak the same language that you use. However in order to buy a Hyundai, you have to go to another country to buy it and they don't speak your language. There is a high probability that you would not buy a Hyundai.

This is the dilemma with STEEM and SBD. As a currency, if it is not made available everywhere, then people would likely use something else. In comparison to other currencies ranked in the top 50, STEEM and SBD are severely lacking access. When people don't buy it or use it, the currency has little value and thus the price will remain low.

Other currencies have dedicated teams aggressively convincing exchanges to list their coin. STEEM seems to leave that task up to US.

Here is how you can make a difference for Steemit future.

I now have three forms to fill out and one contest.

#1

We need to let Poloniex know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the Poloniex example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-get-steem-and-sbd-wallets-working-on-poloniex-let-s-make-steem-great-again

#2

We need to let HitBTC know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the HitBTC example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/let-s-make-steem-great-again

#3

Follow this link to an article I wrote about listing STEEM and SBD on Cobinhood. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-request-steem-sbd-listing-on-cobinhood-exchange-by-socky

#4

Here is a new way to write a story and sneak in a mention for Binance to list SBD. If your story wins the top 50, then you can get some prizes.
https://steemit.com/steemit/@socky/enter-this-binance-contest-and-support-sbd-listing-by-socky

I hope you take part in this effort to make STEEM great. Please remember to Upvote, Resteem, and Follow. Thank you.

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For a breakdown of how Steemit Rewards system works:

https://steemit.com/steemit/@socky/steemit-rewards-breakdown-a-simplified-explanation-with-illustrations

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Wow! I'm pretty sure if poloniex can grant this, it's gonna be a very good one for we steem/sbd users. At times, it even takes years to get some deposit to be confirmed on that exchanger. @socky, you've really done a great one here. Thumbs-up!

eeemm Hi, I follow you some time ago and I read your posts and I want to know if you want that I can translate that into spanish and post it in my blog, of course saying that you are the author, it is only for more people see this, I am from Venezuela and here are some many steemians.

I just ask you if I can do that or not, it is your work and I don't want to do something inappropriate.

keep doing this!

I think this would be helpful to get the effort moving. Please translate and post.

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