STEEM-SBD Market Making Bot Report date 2024.12.19 by @roadofrich

in #news • 3 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
12/19/202450aa7c9cfeba5056a58cf7e9cf53d25886a46810e8
12/19/202450d72a9ac3e5a7534f0134b108a58f468031cdaba9
12/19/202450963e9dc1ec3f1fa861fb8f8584e0f6f073f09e22
12/19/2024506c7512e10ada511ec35238c6826d1813c5476234
12/19/20245091e2e38856551212a248f4cbdcf8a227181be750
12/19/2024506aa35323348888b611d3311a9fd6df4247f2190e
12/19/2024509cb69b1b530e4423498cda9a6c50475156e8e64f
12/19/2024509b9c9626ffc1bb8cdcdd4ef4dffc0a2b8e97ce7f
12/19/202450a8caf41c562435feebea1efd63bcdc3d43b1ae75
12/19/20245044f4c3337731541d459646c33b9e2a1716eb38c3
12/19/2024504d57d52403826b2d2abcfa0cce24c9fb58a5d2a9
12/19/20245074d7cd392fc540f82faebc65d3d9f2a1b344986c
12/19/202450daacdb8d87269795a3cef88c9953a2c9cd27b990
12/19/202450f11d54ec7b49669a30499f9e231457c776d67084
12/19/20245056a31895dd9bfacbea42e8a59b13ea6b7beac9b7
12/19/202450cec804f73cafc3c7798b375b13eb3141524e5d67
12/19/2024501dd18bca98f87078f740f8dd84fa004cfbd881a1
12/19/202450f64766867be41764c7bcc5c752f908cc5f07253c
12/19/202450068cc174e66d16244b7e7c45cd14bd8b173d3962
12/19/2024508b7d35ae224832dbedf612b210073eb1d42a402a
12/19/20245037bac7a0c84e6bc419fd17e8922c48867f00bf05
12/19/202450a50aa5cca3d53ab4ab71979f2587b27a6e64a27d
12/19/20245028f7263d69352c88eaa15ebafa6faa25fa731d52
12/19/20245090af2308c76be356861638b42f5c0e71e38ca4e9
12/19/20245080c2bf6b1c23f247dafc42a63c4b940a1ea8a4ce
12/19/20245037c24431adde66d308336e35f55d7959a20af7e6
12/19/202450243875c5c669ce06ed3d5d225553aa6876471d8b
12/19/2024501d685a614baa79eeea76dbfc3f208845c37577f8
12/19/202450965407dca238d65766a4e76a9a59a3613fe8c0d1
12/19/202450efd0e90df19c487ccb58785db30989b2eba1e48d
12/19/202450a18ff34622f402fcb6de16a56bbe9fd06b2502f8
12/19/20245079870b1e705afb042a25734df63148acf04ea537
12/19/202450d25d236e3eb1b2679522e9b683d1f9d0da99c4c1
12/19/2024502c853f3ef2bcbbc855e280ebac5ac5df5a30ec3c
12/19/2024507266b323041387d4e6ef0bc834ad8c9f02b7bc6f
12/19/202450898804e80bdf370174b0d55c8c880252c7cda073
12/19/20245043c49d9bd0abbad22b52e9e341fbc6a9b160d854
12/19/202450769b38e2a000b4efdcb1f6ba7899146e98a22f04
12/19/2024504c41dcff4e007801f50c6f10426a4f16b3729c0f
12/19/2024501de2e4abd1e6fad8318f0edd68e17f978209d5ad
12/19/202450d7ee2584e9c84841bbcb1096312d41d835e0c946
12/19/2024505c0103741f8f99ba0b04864e96e877ec0b21b2c8
12/19/202450ee9483e6f2513d21cd42980a2f0fcadaff0a018b
12/19/202450803fd7525be347a59ffbdb24c75ec3fc84875972
12/18/202450409dfbd717d7abd1f9fece0eaffe2990cb099c07
12/18/202450c4b1f939d72c438c6c4a8adddd294360de92de9c
12/18/2024500e42504af65a9f217e4449fbcd20c76127931b74
12/18/202450ffe3f4775fb72cff07d4ceac5ba477ff4f78f7ce
12/18/202450a0ee9de1bf8a154633d73bc5f2c4e470ca71a247
12/18/202450f4e0f4c4a7d4aeec4f30116fdd1d0fe28a4efc4e
12/18/2024505d9afdea95b71ee2cc97bcc982d553afe3f7a638
12/18/202450ff2dac65271fce0957813be17dd712abf8bb109c
12/18/2024502e503d3c977a62c236b5194265a5e2e295bf15ee
12/18/202450c91ff59f4390fdb5e2136dafcb44b76de58a1fb9
12/18/20245027a9e6ec16cb6706e7a33669f65753983d78abf8
12/18/202450acdab6e2e21c312bbc0542d63d646ca910ac939b
12/18/2024503f23d2a916aa62ebeccf96ec6743bba16e27cb12
12/18/202450961b6a913ccd988e31c9721c80fe7ec1fc2b1fa6
12/18/202450e690c62eb61c8e4a16f56bfe245811fc8e4d0eee
12/18/202450f14df25da3eedd5b51910ab241f05ed9de7c2dd4
12/18/2024501d48642e4c774e8e9f453f87c831aa85401fc74d

The total daily transfer amount currently stands at 3050 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 - USDT0.2045000 $
BTC - USDT101584.01 $
ETH - USDT3688.5200 $
BNB - USDT701.08000 $

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

#roadofrich
3 days ago in #news by
$0.78
  • Pending payout amount: $0.78
  • Breakdown:
        0.00 SBD,
        1.98 STEEM,
        1.98 SP
  • Payout in 4 days
25 votes
Reply 0

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