STEEM-SBD Market Making Bot Report date 2024.12.10 by @roadofrich

in #news • 12 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
12/10/202450679908dc7f7d0a9e8c12ac566be0b90d76ecf2c0
12/10/202450bef321da20c3f3cd51e35e6e2a67aabacd235863
12/10/20245064f3571260c836ac89d2750cdab746cce0f40fed
12/10/20245052c3650ace0bb8fd12f53177cb6f032e6a9011db
12/10/2024506a997e8d2c255cdc4488d570ee642b78e064bdf0
12/10/20245072f112921549703c4348475645badc96695c201b
12/10/202450c9ec37425940f3b7f30e96a589e2841025587245
12/10/202450e559e61a7551378d0a27a2606ec3245f6e70242b
12/10/202450d16e7c2ba451a1b21d20b1405cc1372597b013ac
12/10/202450004780dc39b57162a46bf2ae12b5b44345ae5412
12/10/20245029e941a2634f267586bb497e61b478f5b2b9d7b7
12/10/202450a39e85e86b7e5fe6f266b29082a90c38bdc79126
12/9/20245025729b5056b081e3e3b3c28b537b21ec42be7565
12/9/2024509c55df4708bf2ddfd68c21ac6a5aeccaaacde14b
12/9/20245092aea483acded8f3e632938d1a0897f75978a15b
12/9/202450977f9dc6148ec55284942c4709687a18df318c20
12/9/202450f3741a9868b4ec3d93ce3c5cb450f71ed6b0493f
12/9/202450544b5987988ca82eaabb34f5ed1cc61031fe161b
12/9/202450a69e1f0f28f4ce67d919a922b40f8f02a6a76f5d
12/9/2024507e25c396c945314bbe4c873de1a59812b06d8ab7
12/9/20245061b1c413c94474d3ae172890e5a693091c155b76
12/9/20245032d3028de8335af0d84d26d2c67e53b667ab6a6f
12/9/2024504bd5c10a78c6470a9d4e3914d4934b204c3ed54c
12/9/2024503c5ff28805709593a017e4da4b96b2e652e8cb8e
12/9/202450d1f82d06e1820ba209d7302723f7538438a1e28b
12/9/202450569ac7fba3eb8e8c1b41d8ef51c7c12d29d112c1
12/9/202450e5931d3c019d81d80491fb38115cdc0b2ab4fd10
12/9/2024500ebf65dcde8d2e3ef76d811b076b926f480f9fde
12/9/20245039be25b716988c7a502a53fd1e01fed7645fc05a
12/9/2024504030b12952ecc826183a4eb6888a5f6e4962712b
12/9/202450a077388e17c7d38f68acf9b2b7d068cc49842ba8
12/9/202450d4905b4d3fdb5f125f5cbf6e5293b84551079895
12/9/202450d17f0060723a5e0081c28d8314b6e966f2628f89
12/9/2024501749a037f7d3774081931a3f4565358c672f0c43
12/9/202450ebfc6d873728bd1cf5d45168d2a23ab629bcbe8d
12/9/20245000c122f18646f3f39858ce0bfca31f8a70c6113d
12/9/20245066ce75cf9c5b8433aa6817971bef532b7d5e9a34
12/9/202450d98a806b57c4cee25c5dc9a032923364f97bcfa4
12/9/202450c9b191379182128daca518fcae7aec89277149ac
12/9/20245035c38e28839e4472b36f683808314c0346cb9a76
12/9/202450970f610bdfea049dce92387465a34f5738e611d6
12/9/202450546c10fba93ff2dd899912cdd2f9c5ff2674e460
12/9/202450668cc64e7f5c89a3194bcfdc198b3ac4c69bee3f
12/9/202450938216ccdca348c20f027d41f66c9140f15c6ff0
12/9/2024504fe81216836a450fa37abe384b722c9de1cf64b4
12/9/202450c293fcfd48b90cba982c3fec4df11aaf5d960216
12/9/202450456c48ad03a38d5400a5c32b0861e61b6a023a23
12/9/202450c6abd7c798c12f6df386931027b9bab55664a776
12/9/20245044bc7201bf6cf48a07b4026badc2172c18a5a8b0
12/9/202450be2d5b32b549a0f0b70949f1857b41bf1e7bbedb
12/9/202450af75cfe2cfdebac384b2ff98929363cc93752429
12/9/202450cd2b635168aebd0d5141a1a4b129633f588765a4
12/9/202450271fb8b25b7dc0523305d80ec6dd4985e49bd6a6
12/9/202450367d86a8da5d02d8e972cda51d37464d91d7aa40
12/9/202450aaee27b8af72d262803ab79171d927a768aa5603
12/9/20245010078ac9265b46650a564736234c1a937a1d752b
12/9/202450fc62e09c74bc77433afaf7e322f66b41924c34ca
12/9/202450080682a045dce3dfc7f062e78bc68b76595cde37
12/9/202450340f8f6d141ec89310a52be5c2d43615b3c866f1
12/9/202450054973899e59ec1a4f4404b79bcd1e696d376c60
12/9/2024507362bd3c784a1faf8d09b74918ce09f7da9fb723
12/9/202450b18e996662dbbeaf180d5437d89ecba7eac21ae0
12/9/20245055d7bc9a26b8b81a1f2fc0c50997ec776f0c4bf5
12/9/202450b46d8fa78f94366a9655dc8b284aca0af79648f6
12/9/202450feeab897d78a8981a5df1ee63beb0284a9415541
12/9/20245062b67b3e9fc43fe2634f31e18dc4bb409954ee58
12/9/202450c4e193e8749fd9617461b6a6a667a80ebff49c0e

The total daily transfer amount currently stands at 3350 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 - USDT0.2467000 $
BTC - USDT97187.490 $
ETH - USDT3733.5800 $
BNB - USDT692.52000 $

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

#roadofrich
12 days ago in #news by
$0.55
  • Past Payouts $0.55
  • - Author $0.29
  • - Curators $0.26
21 votes
Reply 0

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.038
BTC 96900.40
ETH 3351.13
USDT 1.00
SBD 3.19