Idea that can be developed on the platform || Steemit developers can add additional token for internal market ||

in Steem Alliancelast year (edited)

Hello friends, who does not know the internal market of steemit, that is where we can exchange our Sbd for Steem and vice versa, here I bring you an idea that could be implemented in the not too distant future.

Retail investors like us usually withdraw small amounts for Binance, Poloniex or Huobi, some trade on MARGIN or FUTURE, which is not a good idea in my opinion, or simply mint their coins by transforming Steem into Usdt or another Stablecoin.

An internal market with more variety to trade would be an attractive proposition..jpg

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Here I bring a proposal to the steemit team

Many users use the internal market to be an arbitration because sometimes the price of steem is lower in the internal market than other exchanges and the skilled ones tend to sell all their accumulated SBD to buy steem and sell it on the Huobi or Bittrex platform where they later return it. to exchange for SBD and integrate it into the platform to continue buying Steem thus generating some profit, the price of Steem is not always below the market price but this usually happens once a week.

Add Pairs

With the idea of avoiding the constant outflow of money for the exchange houses, the Steemit developers could expand the internal market by adding more exchange options, for example, the Steem pair could be added for TRX since the Tron network is compatible with the blockchain from STEEM.

Adding this pair to the internal market would avoid a 5% outflow of money since many users tend to withdraw their steem to exchange it for coins of less value and thus generate some extra steem to later deposit it back into their Steem Wallet.

Another pair that could be added is SBD for TRX which would be an interesting proposition since SBD has a habit of suddenly increasing in value and this pair could also give TRX more value in the future.

But of all the proposal, the one I like the most is adding pairs using USDT since that allows us to mint our money for any catastrophe that occurs in the internal or external market.

BuyAndsell
STEEMBYTRX
SBDByTRX
TRXByUSDT
STEEMByUSDT
SBDByUSDT

If these pairs were added to the internal market, as I previously said, a 15% outflow of liquidity from the platform to the external market would now be avoided, since TRX and USDT can use the TRC-20 network to be able to interact with the steem blockchain.

Steemit needs its developers to dedicate a lot of love and dedication. I understand that they support many communities and many users through @steemcurator01 and @steemcurator02 but they have to take into account that the platform is only seen as a passive income platform without investment, you have to add value to the platform by changing many things. Turning steemit into a complete social network platform where existing and future users want to be 24 hours a day and with the latent intention of investing their money and thus adding value to the currency.

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I have suggested something similar in the past, but trx runs on a different blockchain, as does usdt, which makes adding them to the internal market very difficult...

I perfectly understand your point. But I wonder how an exchange house does to accept so many cryptocurrencies that come from different blockchains, a simple example of how steem-engine does to mint so many cryptoactives to be able to exchange between different peers. If steem-engine does it, why can't steemit do it?

 last year 

it’s SDB or SBD??

Thanks for notifying me of my mistake.

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