# Introduction to STEEM-SBD Market Making Bot

in blokfield •  9 months 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
3/14/20245029c8ec36b8dc3f1712e7bf2f835149360f5fc852
3/14/202450dd498385c9c9f231be425f215646e8223faa7517
3/14/2024509fdfd76e35c221ee155ea68f7e00d1f2b5c34706
3/14/202450062929cf34d26809b033ede75b10bf9d0fd1a9d0
3/14/20245067cdb1f5769b311da2aadbeadcd900fda141480b
3/14/202450e6796196d426f92dc2e7735d3fd37909f637661b
3/14/202450d7375a34e02e5647604769d1dafa26eb715fb706
3/14/2024502a6404d38101f38fa580e9718146382f6e45e107
3/14/2024507d1701d54b0880e14097cbb5881052a356353d60
3/14/2024502cdc7c1212e56a5f9441de5c21ad4f3f7f662b2a
3/14/2024506a2e9b5b4490c33a368df92102530653ddc2157a
3/14/202450d8534b429b8e9e63c42cbe9857d55b330a40b5d3
3/14/2024508dbc861b265cea801adc45aae1fb208be8f22c3b
3/14/202450cdff8896b868f9298b72640b8c1d0003335ff505
3/14/2024506c511da32adabb505b6796dd757c5dbbb6f74267
3/14/20245027057a85bb0bcdbd5a4cf9a8aea2ac5a206f722d
3/14/202450f6ddf365c6d76e94e3e950ab1008025ff561003f
3/14/202450b8d9f3615cd9bb755cdd11552ec2e51d5c89d4b4
3/14/20245009e7fe8ab43f26bd473f89bde04739effed11724
3/14/2024502b6fdcd2c53726af4164b5722d4f62be025aa94a
3/14/202450f4c7d4e80d96b70106c8c56e585f42cbd0f90294
3/14/202450a6e4facb03892c0a6d646de517c50d50bc1ff01b
3/14/20245094e1cd7b65db818a0c8d9c188282efe2091e3782
3/14/20245048bd635b2c611ac5482474215592a3b1c9d486bf
3/14/20245064215b18db4736acc94b50d913d8185fc96f17de
3/14/2024508f6e41ad5ed11899bafa5dc5247457466e5a782a
3/14/202450d63ddd790e616aacb49e126e6ad7f0771b8a93e1
3/14/202450d539dbbfeb6574e80c79a98a031f4cdfde11cee6
3/14/202450fd18e77dbab333b337fa78b17675a2f7364f065e
3/14/20245023f4221daa2bcba1425ee130927f3206cdd6a291
3/14/20245098a6f9e12499abae46c74c483a836cda17a402e6
3/14/202450067d368e8740d5c55ff88f4d17fe023419c42a71
3/14/202450c9f0095eb9458f57f6d98be8610d0714332270f5
3/14/202450a87f63c6d3f2597ab9eb8c24a93daef99e7cc933
3/14/2024506690a7ca15c9e5fb2c7542ae1281adab27b6d67f
3/14/202450a12f29418efdf71dd8edacd81ac8a5352f8767dd
3/14/2024502a1dff507adbd51a74ea9bd1f6e3b02e42e9da59
3/14/2024507e354c71d02367e5addb4a3195116bc7838b07fb
3/14/2024500aad0459ab3877e148b9505a5f002b1bc66be56f
3/14/202450ebf34dad0bec904d1a52f81fdc573e0f365913d0
3/14/202450e374467d8e04b934fd6a0b0dd7e02f3af8a79052
3/14/202450d1f7a9a98d5e13068365d50681491d602b88b48e
3/14/202450170426e090b4c0c0a520c270df47e381196f0e74

The total daily transfer amount currently stands at 2150 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 - USDT0.3486000 $
BTC - USDT70904.600 $
ETH - USDT3847.4100 $
BNB - USDT598.60000 $

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

blokfield
9 months ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$22.00
  • Past Payouts $22.00
  • - Author $11.19
  • - Curators $10.82
47 votes
1
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  • Trending
    • [-]
      ·  9 months ago 

    Congratulations, your post has been upvoted by @nixiee with a 100 % upvote Vote may not be displayed on Steemit due to the current Steemit API issue, but there is a normal upvote record in the blockchain data, so don't worry.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00