STEEM-SBD Market Making Bot Report date 2024.12.20 by @roadofrich

in #news • 2 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
12/20/20245078ec5ab627d8ca09f1bc7b452ec8bdf55bc84d71
12/20/202450f0f4abbdc39c6972f04ba0f18b9115ae0b34fea7
12/20/202450b51ba8e931aee0b04e29d8b6def0b37e1eb81164
12/20/2024506ec3a9186643f1f9fe16ce585d8cfab5e573a336
12/20/2024505220cc91768e02b9ffdde4dced00085ee65d3aa2
12/20/20245080c5f7e5ebd26a2de2abbbac7b6bcefa0b7b01fe
12/20/202450fa480055b353c5d0e5988dc2fd469bb57180a5e8
12/20/2024504bcaa13955fefa04c251ef38a6a3deab3786650c
12/20/202450b3b949305e200e7dd72401fed1f8af3d0470b351
12/20/20245081cb1f9cd90bd8c54f977beaede71d7da05b4b53
12/20/20245044f94c3f5329da7d73dcb80f8a8340e697e0f0da
12/20/20245045a9f024582fa06b76388fbf8f43a103eea810dc
12/20/202450f490fdfe2894bf3a2174c2ab975f54270fa18825
12/19/2024506810c73b1b6060a77352479880c40e4cf756810c
12/19/202450e03dbdb525f112e4c687563c7e0327fb3a6cc4ed
12/19/202450bf74e3906c2a33d141175a26bf4535c31ac9cfdc
12/19/202450e830640d0a1d7a2995bd98eb0573b8085b1598f6
12/19/202450822c3745889bb16392cbe89ba472ffe8fe4f3398
12/19/2024503b1ffe443153e50e88d0a4fc05fa30252c1610c0
12/19/202450e0c3ee8c35b94430424dd484d56ea5571f0d6665
12/19/2024501277ebf597e568512a236938d81ca782d5b8381b
12/19/2024509a0e68b4dba8f4c6951be1ae60038f70802cd7e5
12/19/202450b07544798dd198754733528a79df701baeec9746
12/19/202450f9b2ee87ee6f88c0396fecac1dc006d594335031
12/19/202450a3b55d1262947955dcecd9e6e9f5764bcb881df3
12/19/202450e81ab5c4bd0c26a25c74ab3620374c3fd284357e
12/19/202450013e75343e6458110c0f89525536f5fa98b9cdd1
12/19/202450f637f42b4bd2b3952f5280c48e890522c0a2bd6d
12/19/20245041b47441d503fa7ce131d06ec73c4a7430d568e4
12/19/202450529b11bb8e2e4e8b4179dd178c1064bb585bf764
12/19/202450dc5ea9f6ccb29383b36fa5b467d7724193d833a5
12/19/20245047d73a1b585e939e0bc0c97d496d2b8e9d87c104
12/19/202450ccc564062b7ea37e6ebc8c412280bc1023fddd84
12/19/202450aa7c9cfeba5056a58cf7e9cf53d25886a46810e8

The total daily transfer amount currently stands at 1700 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 - USDT0.1916000 $
BTC - USDT97829.810 $
ETH - USDT3387.4100 $
BNB - USDT672.03000 $

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

#roadofrich
2 days ago in #news by
$0.86
  • Pending payout amount: $0.86
  • Breakdown:
        0.00 SBD,
        2.17 STEEM,
        2.17 SP
  • Payout in 5 days
28 votes
Reply 0

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