Steemit users in Indonesia if they want to buy STEEM or SBD they have to buy bitcoin first and then from bitcoin, they convert to STEEM or SBD. for example, we buy bitcoins on indodax, we have to transfer bitcoins to poloniex or bittrex to buy STEEM or SBD. because in indodax there is no steem or sbd available.
Likewise with upbit, there is no rupiah market to steem or sbd. We'll have to trade twice. We have to convert to BTC first and then we convert to STEEM or SBD.
Based on this problem, I plan to develop a swap application from rupiah to steem / sbd. I call it Bank STEEM (BS).
What is BS ?
BS ( Bank STEEM ) is a web-based swap application that I plan to develop in the near future. where later in this application, steemit users from Indonesia can easily buy steem or SBD with rupiah, and vice versa.
So far, I have created a design for this application using adobe xd. I will show the results running in the form of a gif below.
How does the application work?
If you want to convert Rupiah to STEEM or SBD, all you have to do is enter the amount in the form provided in the application. then make a payment to the account displayed in the application. Then our system will verify your transaction and send STEEM or SBD according to the amount you entered.
For prices, we will use live time prices from big markets such as upbit or bittrex. We have not determined the price from which market we will take later. We need advice from all of you too.
What about Fee? We only take 0.2% fee from each transaction. And it will be even cheaper if there are more transactions. We will talk about this later. the 0.2 figure is not fixed yet. we can discuss again later.
Purpose
- save transaction time
- Save cost
- facilitate transactions, especially for steemit users from Indonesia
Financial Amounts Required
| Name | Amount in USD | Amount in IDR |
|---|---|---|
| Design app (I do it myself ) | FREE | FREE |
| Develop app ( I do it myself) | FREE | FREE |
| Pay for hosting 2 years | $ 105,19 | IDR 1500000 |
| 100 STEEM for trading capital | $ 53,38 | IDR 761124 |
| 100 SBD for trading capital | $ 886,74 | IDR 12644527 |
| IDR 5000000 for trading capital | $ 350,64 | IDR 5000000 |
| Total | $ 1395,95 | IDR 19.892.083 |
I took the initiative to make this to help steemit users in Indonesia convert Steem / sbd to rupiah. The details of the needs that I made above are rough estimates that can change later. I need a lot of funds for this application capital. I will use part of my savings and if you want to help and contribute to this project, you can contact me. thank you
kind regards
So. This requires initial funds as bank deposits so that the exchange transaction can run properly?
CR indonesia should consider about this
cc : @anroja @nazarul @radjasalman @heriadi
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A good breakthrough, will really help steemian who want to buy or sell. But the safety and convenience of customers should still be a top priority.
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of course @radjasalman. Security is paramount. In addition to system verification, we will also make verification by humans for each transaction later.
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Ada lagi yang harus menjadi perhatian yaitu masalah hukum atau legalitas.
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terimakasih, kita akan menjalankan terlebih dahulu. apabila ini lancar. kita akan mengurusnya belakangan
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Project yang menarik. Semoga bisa berjalan dengan lancar dan tanpa kendala yang berarti.
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Terimaksih kak. Saya sangat berharap doa dan dukungan dari kakak dan para contry rep sekalian
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Sama-sama. ,😊😊
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this is a breakthrough idea for Indonesian steemian, hopefully it becomes real!
I'm very happy to hear that, hopefully all steemian can help you
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Let's pray it works
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Amin....
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Good job, brother!
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yes bro. boh labu aso kaya. kbn bro ras tau fiq wal hidayah ? (:
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U muda asoe leumiek, lon aman, inan kiban?😂
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Innal hamda lillah nahmaduhu wa nastainuhu. wanas taaghfiruh.
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Good movement bro..
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thank you bro
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Nice project. All Indonesia steemians hope steem or Sbd can be listed on Indodax (like hive) or other crypto markets from Indonesia but until now that is not happen. And you will created this great project. I'm very hope this project will be accept by steemit team SC01 and got the support.
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Thank you. I hope this goes according to plan
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I need advice from you @steemcurator01
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What do you need help on?
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for now, I only need a little STEEM and SBD for trading capital in BS later. for the cost of developing this system, I will handle it myself to save costs. Thank you:)
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The best approach will be to work with the Country Reps.
With their experience they will be able to determine if the project will work with the local community.
cc @anroja @ernaerningsih @nazarul @radjasalman @heriadi
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Thank you for the advice and support. I will contact them asap about this.
Actually, I've traded steem / sbd before but haven't used the system yet. I trade them manually. therefore, this time I want to do it with the system.
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We can discuss further by considering various things. Most Newcomers really need something like this, but we don't want a repeat of events like 2017 which has also collected SBD and finally cannot be accounted for.
I am very sure that such a must be very accountable. But again, we have to consider various possibilities.
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Thank you for your response @radjasalman. for this project, later I will make a statement letter if something happens with this project, I will be fully responsible and I am willing to be processed according to applicable law.
Ouh yes brother, when can we meet face to face to discuss this matter?
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I think this is a good project, we should see 2 things that will happen:
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That's right, indeed everything has a negative and positive side too. btw, thanks for your response @heriadi. to talk about this matter, I hope we can get together for a discussion sometime. I am very happy if the Country Reps will discuss this matter with us.
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I really want someone who can help so that I can do power ups like everyone else.
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I love the concept of this project. It’s really a good thing. Not just Indonesia but most countries don’t also get to buy steem or sbd direct from exchanges. Maybe we can look at it in a broader angle.
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I will try in Indonesia first, if this works later we can try for other countries. just pray it works
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It's creative thought. But I'm looking at how newbies will be able to buy snd/steem if not an investor.
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This is where beginners can buy with a low minimum transaction. For example, A has IDR 20000, he can invest directly here. different from other exchanges, which are not yet available from IDR directly to STEEM.
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This post has been featured in the latest edition of Steem News...
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Thank my brother @pennsif
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