STEEM-SBD Market Making Bot Report date 2024.12.11 by @roadofrich

in #news • 11 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
12/11/202450912d12ac7ce9033f28ef9e2bd778ddd95baf3d1a
12/11/202450740efd5a76d6ad67ee60491cc68365fb38c45442
12/11/2024503b5c229e9bb975c2ee489605c022d9ee4a1a94c9
12/11/20245041a773af7758eb533b1d41be53dbd9cd174fea08
12/11/202450effde343fb5710f1be83cf873874c266a743e745
12/10/2024504a442d0294cb5e5d75a4008755913fd309154dd2
12/10/2024508de1653805ec0cd916f55115fd947a700918bdd7
12/10/202450db6b746894732cf3f37a2d063ad08ad4de89a67a
12/10/2024502571ab267a95f7db9a5b7771b7fb50e7596ab94f
12/10/202450d251c14bd1d020939e82b83c6f6068ec1abe8d88
12/10/2024506c0843be8e95395aa6fafaa0f89614fbbefde31f
12/10/202450cd83ba371684dc793543b92d489d704a74ee458d
12/10/202450e0bf5e7f47392347c23381218e693f99ed56bf7c
12/10/20245076a6ffe4d5fd5953b5e947fe2fb3866d9f6be292
12/10/20245049fa1f861ee1e4bce909d4f180cc4d9d27a6c63f
12/10/202450e240484bcb6ffc9076d694a5d7a467dc10a8cafe
12/10/202450cf1d191f4079a8db9b3e6249716cbae814761294
12/10/202450d1c7c5d21355fd064300d82a79f09365c3f10868
12/10/202450d2c82b424f2ebde3eef41e21fd360b5ad4c574f9
12/10/202450c0f117c4b97f66049e158f6da3b66de87193b31f
12/10/202450207fcbc0970cae959ad5bfd78e1147e5653425bc
12/10/202450cd4bb6170124ab9db2487969f8c5ed99e1df1f52
12/10/20245025050f013a23d553b5fac8889e48e0e250d744ce
12/10/20245057220d7d6461a8cbac2b721c84d736c5adc77e2c
12/10/202450201877f3fd92194ed83e4474795157305780d8ee
12/10/20245087afbcc3362722c66e0dfa0f04d223ccef4d143e
12/10/20245021c1f0fcade6b4270f66c3c3ebc8ea9cbb7a36ec
12/10/2024503668036bb0fd3051c1e2a959f23598bcdc6957f3
12/10/202450c38f098a50f7d3cba83b8b67e387925e32be4d13
12/10/202450b86717cf671bfdd22c8e5c0bf8d5d9e18c473286
12/10/2024506f04bc2235aecc6e95ee2ae657f3ab05cbc5a703

The total daily transfer amount currently stands at 1550 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 - USDT0.2341000 $
BTC - USDT97370.000 $
ETH - USDT3654.7100 $
BNB - USDT678.21000 $

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

#roadofrich
11 days ago in #news by
$0.56
  • Past Payouts $0.56
  • - Author $0.29
  • - Curators $0.27
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