RE: Campaign to get SBD listed on Binance
First off, SBD is already available to buyers on Blocktrades, Bittrex, Upbit, HitBTC, and GoPax. Putting it on an exchange only increases sell volume.
Second, the price of SBD is only pegged to $1 in theory, the reason why SBD's price is usually above Steem price is because people who get paid out in SBD set higher and higher sell prices to make you buy the SBD at higher price. Since there is much less SBD than Steem, it puts SBD in scarcity and makes people buy in on high SBD prices to get some faster.
Third, you are saying that non english speakers aren't getting involved in Steemit.com because SBD is not on their exchange? Steem is already on Binance...
In conclusion I'd like to share info on what happened to Steem price when it was listed on Binance February 1st.
You have many posts about wanting to get SBD listed on Binance, maybe you should tell people in those posts why it should be listed, maybe then @ned will listen. But until then, these posts have no info besides "how to" showing Ned how to sign into his google account to send a message to Binance.
Thanks for the Upvote.
Instead of bashing me, take a moment to check out exchanges like HitBTC. SBD is selling for almost $4 there. Ask yourself, Does that make sense? If you go there, get an account, and try sending your SBD there. You will be in for a surprise. You can’t do it because the wallets are not functioning. Ironically it still trades, but the limited supply and no way to move SBD in or out actually makes it more valuable inside the exchange.
GoPax only does about $5K of volume per day in SBD. Compare that to UpBit of almost $2 Million in the last 24 hours. I’ve seen UpBit do over $100 Million in a 24 hour period before. It is like GoPax doesn’t even exist in comparison.
If you will read my comment to your questions, you will see that I pointed out that Binance is multilingual, but they don’t list SBD. That is a problem.
I want you to take on a task. Go compare top 50 cryptocurrencies against Steem with respect to the number of exchanges it is available on. You will find that Steem has a severe deficiency. You should know that one of the key elements to evaluating a cryptocurrency is if it is available in multiple exchanges.
I’m just trying to help the community here. Both HitBTC and Poloniex are dangerously close to delisting both STEEM and SBD. A delisting from a major exchange could be a death sentence. Having both STEEM and SBD listed on Binance could shield Steemit from a delisting blow.
Lol I'm not bashing you, I'm telling you to include why you even want SBD listed on an exchange. "You have many posts about wanting to get SBD listed on Binance, maybe you should tell people in those posts why it should be listed" Looks like you took my advice from looking at your last post.