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RE: Campaign to get SBD listed on Binance
I don’t think it’s a right time to propose SBD in Binance because the coins now fluctuate a lot which makes the market unstable, and also the system is fixing SBD around USD$1, I think this might be a reason that SBD cannot really be listed in the market. So I think we needa think carefully is it really a good time to list SBD. Please do let me know if my understanding was wrong🙇
It is too early to consider SBD a fixed currency or try to make it a fixed currency. The quantity is just too small. This is the reason for it being unstable. It benefits the community for SBD to go up in value. This incentivizes Steemians to sell their SBD and promote the growth of the STEEM platform. Once the community has grown to a point that generates enough SBD to allow it to be a pegged dollar, then use SBD as a pegged dollar. Until then, there is no point to attempt to drive the price down by not making it exchangeable. It would be like getting paid in Hong Kong Dollar but at the same time arguing that Hong Kong Dollar is worth too much and should be less.
Oh I see, so the only problem for now is that the quantity of SBD is not enough? But how about steem, it would be useless if SBD was listed