Pegged coins are getting loads of new exchanges but SBD is losing a HUGE EXCHANGE now.

in #steemit5 years ago (edited)

1 USD pegged coins are rocking and getting loads of spots. Big exchanges even make their own pegged tokens. Just look at USDT (1st) then PAX, TUSD, USDC, GUSD, USDS and others..

Those got Binance and many other big places ie Bibox.

Yet our 1 USD pegged asset which is so many years old is not getting new exchanges - and even losing them.

SBD Markets

OpenLedger has no volume,RuDEX pretty much to none - both are on Bitshares. HitBTC are scammers removed from anonymous bitcoin exchanges list with wallet closed for over a year now. GOPAX is not much used outside Korea. So we have just Upbit and Bittrex with nice volume since...

.. Poloniex drops SBD today.

On Friday, May 17th, at 12:00pm ET, markets for the following assets will be disabled on Poloniex: SYS, SBD, HUC, XCP, NMC, PPC, and BURST. Please finalize all trades and close any positions in these assets prior to May 17th.

I have lately made interview with KuCoin who liked STEEM and i have tried to contact STEEM INC about the exchange. We should get SBD to more places. STEEM is set, but SBD is not https://steemit.com/steem/@kingscrown/what-co-founder-of-kucoin-exchange-thinks-of-steem-we-can-get-on-it


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The purpose of SBD creation hasn't been fully realised. It could be a contributing factor to exchanges taking it off. It barely serves a stable coin. I myself don't think it's a stable coin

You forgot to mention NUSD and those stablecoins are also listed on KuCoin.

yeah but what i meant is... SBD could make STEEM big but its getting abandoned here for no reason

I think a lot of these coins claim they are backed by USD ensuring the price can’t fall below x level where as SBD isn’t

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SBD should either be scrapped or pegged on both ends otherwise its a useless coin that complicates the steem ecosystem and makes i harder for new users to make sense of it all

We need to focus of adding Steem on most exchanges.
The sbd will follow up eventualy.

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SBD is central to small businesses accepting to be a part in commercial applications on the steem blockchain.

Stability will increase with the number of users, the number and diversity of transactions on the blockchain, the number of communities.

Creating "enforced stability" like Tether or the Gemini dollar would of course be ideal but unfortunately is VERY expensive, above what steemit inc. could afford now.

SBD is the "poor man's (almost-but-not-quite-) stablecoin. Let's focus on bringing communities and increasing the number of users and the (non-spam) transactions on the blockchain and SBD will become less and less volatile, more and more useful

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