STEEM-SBD Market Making Bot Report date 2024.12.15 by @roadofrich

in news •  8 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
12/15/2024502a86cd639dc781bdf860c50ac64a309c055f9124
12/14/202450ac5dc4838b0d98e1204ec30250147cee2631cc56
12/14/202450c806de87050b8f133b0d42a0aae909cbcb288b4b
12/14/202450f6b86eddbdf14b9bef0196cb9ddb88a2e534c8e2
12/14/20245019ef8818e3cde7ec34b6955de695f3e3a379e0ec
12/14/2024500595106be42cb41d15be143f6303f85e7dce5708
12/14/202450deb2b0ff0a8d264a8051b2f6d342605fe0f96838
12/14/20245062a7dc2263718498ce86f84525a2c41df62dbf57
12/14/2024508062c76f1eaa35ef96f472a36986f57097d3bb3c
12/14/202450cf2ba6fd118a5bb3e34a5ad8236398083228681a
12/14/202450c45dc3e86139f4400531973e8e431511afb6c9f7
12/14/202450e855232a8b8fd22956d6f2c8055d81b122126f20
12/14/2024504e52b68cd61fdcbe72e93303f343c4c4b28574c7
12/14/202450969c69964167bc3afcfc9b4e05e9311943012b13
12/14/2024508565e03de650719e9786b7959449d8d676adc930
12/14/202450cc9f7685e42a106d3ab53fcfbfab9d2d0561d16f
12/14/20245031c41d756572b7cd4bcc11a6399bae93b14208f9
12/14/2024508f9ea440d0bd276ea121864aca4bac7c4a2f049a
12/14/202450f0085065f4f8ccf1a674af4da4e9ab56f4541adf
12/14/20245049d5e588464c265db7560d196f8543e1e67e4187

The total daily transfer amount currently stands at 1000 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 - USDT0.2443000 $
BTC - USDT101755.57 $
ETH - USDT3845.5700 $
BNB - USDT706.84000 $

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

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