STEEM-SBD Market Making Bot Report date 2024.12.07 by @roadofrich

in #news • 15 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
12/7/202450ab3e509fbebd56b3521e0810ca8a8e3d9638d6f1
12/7/2024502ef3b52d9f51b78adbe5409cf9d5859e54467285
12/7/2024508a58538c7c690c8b4c09a3a070baf3b02b9e9218
12/7/202450b1f77718421ebeaaf2090e656b6ea332070e6e2f
12/7/2024507deeb4b7538bd6d9b98c25c37deb7b4dd01a9e0d
12/7/202450a7553f2fa4236bb8247678dd4eae10f343322339
12/7/2024501de80d50531fbdead5043f92b1579b34489a6edd
12/7/20245057a3c5650350b52c568d80c9ddb5dc773045bdfa
12/7/20245037360555a9e486ebbd7065ac2ae85f96cffa2e64
12/7/202450851686fb07bf719b62ed6717080d3d61c5e810ba
12/7/202450e5cfb59c515a06ab1fa131f48984e2bd1feb520b
12/7/202450e157ca95692dba4b1d8b78e76f09eec5ebdde7d1
12/7/2024506c99c9404077048db76ae9e6250ca1caa796fa1a
12/6/2024503fda7383acc0c755fae7ff98e014d45158224117
12/6/202450326d30a2e30e0e5dc7c510b667ff8d74efabe734
12/6/2024504c864eddbd2a068bd57d56a57a5b20dc45bc5f97
12/6/20245027a3bd568de62a6a3779aed2f67ee14e924555b1
12/6/20245057174f69394eedbe7314311b873e1566ead8a6a3
12/6/202450774df73121c748678ac8f6ae440489c26956f504
12/6/202450f29270cc5f7d904deaa396fea0ad668d9404dff8
12/6/202450199695ddf69d37246a0ab1a4454bec7b09253a7d
12/6/2024505b4e3c84d60ae2f310a2182ecc9f8514871cfec0
12/6/2024509e4968730d3b1ed0d3a9afe2dbaf6960fd1391fd
12/6/2024502e431880abc5f4a78c1e874c7da895fcfbfcc2fb
12/6/20245065c4fc2825aa66f44be3d257d229e813a26fe2a8
12/6/202450e30451279553178b60ad952832b04e76edd1eb41
12/6/202450c873db4f71ee3ce97b22d936280a6370c8b72829
12/6/202450224625e5a5d950e635a1af1f422adad8a9f32bec
12/6/202450aebff209cd9b7ce9dc6d9aa581570ef3d392fe79
12/6/20245024e777c2bacd9e6a59abc02b5a099407d3afd5f6
12/6/2024503d42fc63e8aad30544e53a4dbbe42505655b0bd8
12/6/2024507595d119951243288d6cf384c2b95b40280cb261
12/6/2024502d01b802a7bb3b39019e7021cf1359d3418309a5
12/6/202450a5734100b1d920c04523a3328c25575285b7fefc
12/6/202450814942ecc765be9bebc43d1d91ba3449d18c3ea2
12/6/202450687f8edadcc3fa3917cc374930aa1da580228b54
12/6/202450830fbf278532c19cf6dd0013ac0aaf61f237993a
12/6/202450b26f3f1a18a6eda1e6e2a93361a37a759147aaed
12/6/202450fc0ec811e02f3cb4f2a0b5008d37729d4a46bfbb
12/6/20245057696f1057107d0cbb63c61af85d45ff37d2d312

The total daily transfer amount currently stands at 2000 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 - USDT0.2947000 $
BTC - USDT99450.520 $
ETH - USDT3987.4400 $
BNB - USDT738.58000 $

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

#roadofrich
15 days ago in #news by
$0.58
  • Past Payouts $0.58
  • - Author $0.31
  • - Curators $0.27
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