Join This Effort to Support STEEM
Please join us to get STEEM & SBD on as many exchanges as possible.
The number of exchanges that STEEM and SBD are available on are severely deficient. This is hindering Steemit community and forcing the price of STEEM to remain low. I evaluated the price of STEEM at $109 because a majority of the currency is locked up in Steem Power. When comparing the liquid currency and price to other currencies in the top 50, Steem should have a market price of over $100. Why is STEEM so low? It is just not made readily available because it is on very few major exchanges. Help me change that!
Below is a list of exchanges that are making other top 50 coins valuable. STEEM and SBD need to be on as many of these exchanges as possible. If anyone has any connections to these exchanges, please do what you can to get STEEM and SBD listed.
| Exchange | Affiliated locations | Fiat | Multilingual | |
|---|---|---|---|---|
| AEX | English and Chinese | |||
| Allcoin | ||||
| B2BX | No | English and Russian | ||
| BancorNetwork | English Only | |||
| BigONE | Yes | |||
| Binance | China, Korea, Japan | No | Yes | |
| Bisq | Decentralized Exchange | No | Yes | |
| Bitbns | India | Yes | Yes | |
| Bitbox | English Only | |||
| Bitfinex | British Virgin Islands | Yes | Yes | |
| [BitFlip]9https://bitflip.li/) | Russia | No | Yes | |
| Bithumb | South Korea | Yes | Yes | |
| Bittrex | USA | No | No | |
| Bitstamp | United Kingdom, USA | Yes | English Only | |
| Bit-Z | ||||
| Braziliex | Yes | |||
| BTC-Alpha | English and Russian | |||
| BTCTrade | English and Chinese | |||
| BuyBitcoin | English Only | |||
| ChaoEX | Hong Kong | No | ||
| Cobinhood | Cayman Islands | Yes | Yes | |
| CoinEgg | No | Yes | ||
| CoinEX | Yes | |||
| CoinFalcon | United Kingdom | Yes | ||
| Coinone | Korean Only | |||
| Coinrail | Korean Only | |||
| Coinroom | Poland | Yes | ||
| CoinTiger | ||||
| COSS | ||||
| Cryptomate | ||||
| Cryptox | United Kingdom | No | ||
| DDEX | ||||
| Exmo | Spain | |||
| Exrates | ||||
| EXX | China | |||
| Gate.io | USA | |||
| GOPAX | ||||
| HitBTC | United Kingdom | Yes | Yes | |
| Huobi | Singapore, USA, Japan, Korea, Hong Kong | Yes | Yes | |
| IDAX | ||||
| Kraken | USA Yes | |||
| Kucoin | China | Yes | ||
| Kuna | ||||
| LATOKEN | Cayman Islands | |||
| Liqui | Ukraine | No | Yes | |
| Livecoin | United Kingdom | |||
| Mercatox | United Kingdom | |||
| Neraex | ||||
| OEX | ||||
| OKEx | China | Yes | Yes | |
| OpenLedgerDEX | ||||
| OTCBTC | ||||
| Ovis | ||||
| Paradex | No | |||
| Poloniex | USA | No | No | |
| QBTC | ||||
| Rfinex | ||||
| RightBTC | ||||
| Tidex | United Kingdom | No | ||
| TokenStore | Decentralized Exchange | |||
| TradeSatoshi | United Kingdom | No | ||
| Upbit | South Korea | No | No | |
| Vebitcoin | ||||
| YoBit | Russia | Yes | Yes | |
| ZB.COM |
There is more that can be done. We can do much better than that if STEEM and SBD were made available everywhere.
Did you happen to notice that the price of STEEM went up when it is listed on Huobi Exchange?
The number of exchanges that STEEM and SBD are available on are severely deficient. This is hindering Steemit community and forcing the price of STEEM to remain low. I evaluated the price of STEEM at $109 because a majority of the currency is locked up in Steem Power. When comparing the liquid currency and price to other currencies in the top 50, Steem should have a market price of over $100. Why is STEEM so low? It is just not made readily available because it is on very few major exchanges. Help me change that!
Lets put the lack of exchanges concept in perspective. Perhaps you want to buy a new car. You have plenty of Ford, Chevrolet, Toyota, Dodge, Mazda, Volkswagen, Subaru, and Honda dealerships where you live. They speak the same language that you use. However in order to buy a Hyundai, you have to go to another country to buy it and they don't speak your language. There is a high probability that you would not buy a Hyundai.
This is the dilemma with STEEM and SBD. As a currency, if it is not made available everywhere, then people would likely use something else. In comparison to other currencies ranked in the top 50, STEEM and SBD are severely lacking access. When people don't buy it or use it, the currency has little value and thus the price will remain low.
Other currencies have dedicated teams aggressively convincing exchanges to list their coin. STEEM seems to leave that task up to US.
Here is how you can make a difference for Steemit future.
I here are four ways to make a difference:
#1
We need to let Poloniex know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the Poloniex example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-get-steem-and-sbd-wallets-working-on-poloniex-let-s-make-steem-great-again
#2
We need to let HitBTC know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the HitBTC example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/let-s-make-steem-great-again
#3
Follow this link to an article I wrote about listing STEEM and SBD on Cobinhood. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-request-steem-sbd-listing-on-cobinhood-exchange-by-socky
#4
This is by far the easiest step:
Convince a Witness to get STEEM or SBD listed on a major exchange. Just promise to use your witness vote for the witness that gets the job done. Combine your vote with others and we can influence a witness to make it happen. Your witness votes do not take away from your voting power or earnings and is simple to do. You have 30 of these votes and they don't get used up. If you decide to change your mind you can unvote a witness or switch the vote to another witness.
Just leave a comment here to promise to vote or go to this link and comment:
https://steemit.com/life/@socky/4p5sao-how-you-can-get-steem-or-sbd-on-an-exchange
I hope you take part in this effort to make STEEM great. Please remember to Upvote, Resteem, and Follow. Thank you.
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For a breakdown of how Steemit Rewards system works:
For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-keys
I'm actually really curious why Steem isn't on on so many exchanges. EOS is on quite a few exchanges and the blockchain hasn't even really launched yet. Wake up exchanges you have a multi-billion dollar coin on your hands.
I think it is because STEEM Inc has a "Field of Dreams" attitude towards the effort. Meaning that they just think they build it and the rest will just naturally happen. Regulations have a part to do with that. STEEM Inc just wants to deal with software development of STEEM and really nothing else so they don't have to deal with regulations. Let the system be a free market.
That would work if there were no competition. The only other people that have a say are the witnesses. I think it is time to dangle a carrot in front of them to get them to do some work that supports STEEM currency on exchanges. The key is to make that carrot large enough for them to go after it.
That is why I need everyone's help. A witness is paid from another pool of STEEM to create blocks in the STEEM blockchain. That pool is different from our reward pool. Witness need witness votes. The more witness votes they have, the more they get paid for creating blocks.
If we combine our witness votes together, then we can influence witnesses to get work done other than just running a node.
Will you join us? All I need is a promise that you will use your witness vote on a witness that gets the job done. It costs noting, does not affect your voting power, and does not affect your rewards. It is totally free to vote for witness with a witness vote. You also have 30 of these witness votes. You can undo a witness vote at any time. I will take care of alerting you if a witness does the work and give instructions.
I can definitely look into it. I've heard about witnesses, but I'm still not sure exactly what they are. What resource would you say is best to learn about witnesses?
Good thing you ask. I wrote an article covering it
https://steemit.com/life/@socky/witness-system-explained-simply
Super cool. Kind of reminds me of how EOS works. Yeah if someone can get Steem on some exchanges where you can actually trade for fiat instead of getting Bitcoin and then fiat, I'll definitely vote them as a witness. I want Steem to grow and prosper, and I see a lot of content creators here with a decent amount of published work, but almost no Steem Power. It's sad, dumb, and ultimately counter-productive. I represent Rainier Avenue Radio, a local radio station in Seattle WA, and I'm looking to bring our audience to the Steem network. We produce talk, music, and comedy shows every week by the ton, and I think that regularity and professionalism is really going to help Steem out. If you'd like to collaborate further I'd love to work with you.
That is a tall order. Most exchanges only use Bitcoin or Ethereum as the primary trading pair. In order to do that, someone will just have to start their own exchange. My goal is to get STEEM and SBD on many exchanges in the hopes that some are multilingual. That is the problem we face right now. SBD is not on a multilingual exchange. That hurts Steemit because where are people going to exchange SBD earnings if they don't speak English or Korean? The only option is the local market with ridiculously low volume or BlockTrades with high fees. Once we expand access to the world, then Steemit will take off. Steemit is more complex than a normal social media network. In order for Steemit to be all inclusive like other social media platforms, the currency must also be all inclusive and accessible.
So I will put you on my list of participant. Thank you.
Yes, I also need an exact concept of witnesses to participate in that move.
Thank you for asking. Here is the witness information.
https://steemit.com/life/@socky/witness-system-explained-simply