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:

Date	Transfer Amount	Transaction ID
11/15/2024	50	9eac9c43cf343118da7ec56de131fd86ddf8b92a
11/14/2024	50	4de3150dc99088c5505e5629c544f3c8fe2497c9
11/14/2024	50	f081256f1c13b085a6d8fb112bc773ee30dabfa3
11/14/2024	50	c968a0ada2ee1ad3e194ce2d0236b2f00400a3d1
11/14/2024	50	3fa29cd01a7f022ccffdcc628ee5384a88057a27
11/14/2024	50	a7dcda31c33964f80bbe876d00fc1098055999b5

The total daily transfer amount currently stands at 300 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:

Symbol	Price
STEEM - USDT	0.1852000 $
BTC - USDT	87693.050 $
ETH - USDT	3041.0000 $
BNB - USDT	615.50000 $

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