STEEMIT Market Maker Bot Development History, Trade SBD on STEEMIT Market.

in blokfield •  last year  (edited)

We have heard from several communities that they are having difficulty trading SBD.
SBD is traded on STEEMTI-Market, Korea Upbit, and Bittrex.
Due to the small number of exchanges where SBD is listed and lack of liquidity, we can see that several problems have arisen.

  1. STEEMIT-Market is easy for anyone to trade, but there was not enough liquidity and many price gaps were occurring.
  2. Upbit is an exchange that only Koreans can use.
  3. Bittrex is not available to users in certain countries and trading volume is low due to lack of liquidity.

We decided to provide sufficient liquidity to the STEEMT-Market to solve this problem.
For this purpose, we have prepared a bot using the Upbit API and are in the process of building a withdrawal system with certification from the Upbit exchange.

We provide orders to purchase SBD on the STEEMIT-market in real time using the Upbit API and our own bot.
This bot provides an opportunity for Steemit users to easily sell their SBD at a higher price.

We plan to further improve this bot in the future and develop a bot capable of more sophisticated transactions.

Liquidity provision will begin soon as development for liquidity provision has now been completed.
Additional work will be done to reduce the price gap. If there are any further updates, we will let you know through the community.

Thank you

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Thank you for this development update. It's beneficial for all the Steemians.

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Upvoted! Thank you for supporting witness @jswit.