Campaign to get SBD listed on Binance July 2, 2018
Please Resteem to let Steemit Inc know that Steemit Users want SBD (STEEM Dollars) listed on Binance.
It is important because there is no Major Multilingual Exchange that lists SBD
People of all languages need a place to trade their SBD earnings for STEEM and other currencies. Otherwise, the Steemit platform is useless to them if they can use the currency effectively.
We need @ned to fill out the form
https://goo.gl/forms/jwjm8SClOYEuC8hr1
This link requires a Google sign in:
Once Signed In, the following form needs to be filled out:
Resteem this post let everyone know we want SBD listed on Binance!
What else can you do? I recommend to go over to @binanceexchange and politely suggest that you want Binance to list SBD. Please let Binance know that it is important to you and the Steemit community.
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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-key
For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read
IMO SBD should not be listed, otherwise it can't effectively function as a stabilizing mechanism for STEEM.
It is counter intuitive to fix a currency by not using it.
The root of the problem is the amount that is being printed. It shouldn't be a 50/50 ratio. That makes no sense. If there must be a minimum market cap of STEEM to cover the value of SBD, then why do they allow such a high print rate of SBD? The rate should be 25/75 or 35/65. It should not be 50/50. It is like no thought was put into that rate.
You realize by not making SBD available on a major multilingual exchange prevents new money coming into Steemit. This means less money for users and incentive to join diminishes.
I see your point about the print rate and IMO that needs to be solved before adding more liquidity to SBD.
I'd rather focus the efforts on making STEEM available on more exchanges together with easier UX, easier onboarding and better products built for it to increase it's value.
Agree to make an easier UX. Go check out what @theuxyeti is creating
I support your step @socky
we will certainly encourage a good idea
isn't there a fee to get a coin listed on binance?
Yes
I think we should get rid of SBDs all together, unless they go up to 15 dollars again
Haha. Wouldn't we love for the 15 dollar SBD again. Ahh Yes!
OK... I'm back from that dream. :)
SBD is a major source of money into Steemit. Getting rid of it would be bad. The size of the Steemit community can't support the peg the way it is designed. It doesn't mean it is bad. I just means that we need to wait until the community grows.