Take These Steps to Boost STEEM Price
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 now have three forms to fill out and one contest.
#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
Here is a new way to write a story and sneak in a mention for Binance to list SBD. If your story wins the top 50, then you can get some prizes. (There is only a few days left on this one!)
https://steemit.com/steemit/@socky/enter-this-binance-contest-and-support-sbd-listing-by-socky
#5
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. Your witness vote doesn't have to be huge. Combine your vote with others and we can influence a witness to make it happen.
https://steemit.com/witness/@socky/witnesses-take-note-we-have-157-337-100-vests-to-vote-on-a-witness
I really admire your long-term strong dedication for Steem instead of unloading some of your bags into another project :) @socky
What do you say @josteem? Wanna help out by simply promising you will vote for a witness that gets STEEM or SBD listed on a major exchange? While you are out traveling and providing great photos and content, the witnesses can be hard at work for your vote.
You have 30 witness votes. They are separate from your normal votes and does not take away from your earning or voting power.
In the past, people voted witnesses on popularity and what they have already accomplished that they felt was good for the community. With my way, the witnesses need to work at what we decide what is good for the community.
There is no need to vote until the witness gets the job done.
Here is the link:
https://steemit.com/witness/@socky/witnesses-take-note-we-have-157-337-100-vests-to-vote-on-a-witness
If you have any questions, just ask.
Great 👍🏼.. that was what I meant !
Respect @socky ✊
Thank you! Glad to have you participate @josteem
Sure will participate
Great initiative! I've only just started my adventure in Steemit, but I will contribute filling out the forms you provided...
@crypto-luke, Will you promise to vote for the witness that gets STEEM or SBD on a major exchange? You can vote up to 30 witnesses and it costs nothing and does not affect your earnings on Steemit. The more exchanges STEEM and SBD are on, the more they will be viewed and used as a currency. This will in boost Steemit, Dtube, Dlive, Busy popularity and growth.
Explanation and instructions are here. https://steemit.com/witness/@socky/witnesses-take-note-we-have-157-337-100-vests-to-vote-on-a-witness
If you have questions, feel free to ask.
Yeah, sure! I must learn a little bit more about how to use Steemit, but surely I can vote for a witness that gets Steem listed on a new Exchange.
Thank you very much for your support!
frankly I as a reader who dear already saw your post I've seen and I've read I think your post is very good and quite interesting and very useful for me and for all friends steemian's all thanks
@mitha-b. I see you have just started. Welcome!
Will you promise to vote for the witness that gets STEEM or SBD on a major exchange?
Our witness votes are different than our normal votes. We all have 30 votes. Those 30 witness votes will not take away from your voting power or earnings. The witness votes allow us to support the witnesses that make decisions for STEEM and Steemit. It is like a democracy where we vote on our leaders.
If a witness accomplishes the goal to get STEEM or SBD on a major exchange, then I will send you a message reminding you to vote.
Please look at this blog that I wrote a few hours ago that explains it.
https://steemit.com/witness/@socky/witnesses-take-note-we-have-157-337-100-vests-to-vote-on-a-witness
I like where your head is but it will just take time to get this thing going. Let's focus on growing the community and not so much the price
People are afraid to adopt Steemit except for those that don't invest. I try all the time to get people to join and bring in real money. The problem is that STEEM is not widely used as a currency. this is preventing Steemit growth. We should easily have 5 million accounts by now, but growth is at a snails pace. In order to compete with reddit, twitter, facebook, etc, growth needs to be way higher that we are experiencing.
I am an engineer and us engineers don't waste our time and effort on surface issues. I plan to change the root problem. When the currency is widely adopted and available on any exchange, then the community can begin to grow.
That's an interesting take. I am not very much into social media (this is the only one I use) but I try to keep up to date with the business behind it. Most of the platforms become popular before monetization (Facebook, Twitter) but this could be different indeed as the monetization is related to a company but the actual users. Thanks for the insight on the view as a engineer. I've worked with your kind and never quite understood what you do but you seem to be right most of the time :)
Thank you so much for understanding.
You were not alone. Many people think that the focus should be on curation. Upvoting and downvoting to keep the content good. The reality is after 30 minutes, no-one cares about any of the content that was created. All social media platforms struggle with good vs bad content. It is never ending and never fixing. Our system does work well because we are incentivized to curate content, but there will never be a fix. The number of users will help float good content to where it should be. Right now, we just don't have enough.
Compared to Facebook, Steemit is slow growing.
For example, in the first 6 months of Facebook, the number of "Active" users hit 1 million. We are 2 years old and not even there yet. Yes we have 1 million accounts, but we don't have 1 million "Active" users. Two years after Facebook hit the 1 million active users, they hit 12 million active users. In order for Steemit to grow as popular as Facebook or Reddit, then we need to have Billions of active users (not millions). That is a massive number. We have a very long way to go to catch up. The focus must be on growth and we cannot grow until the currency is widely adopted.
For sure. I agree that the numbers need to be closer to the Billions than Millions but for what it is it serves me very well. I've always romanticized the idea of blogging but it's never been as easy at it has been with steemit. I love that steemit doesn't make me the product that they sell.
And with regards to the active users, the numbers will grow once the whole blockchain space grows. Facebook just got into social media. Steemit is trying to get into a blockchain space. I'll bet that as soon as blockchain gets integrated within our lives, may be 5 years from now, steemit will have a faster growth rate than facebook and will be catching up
That's right. Just adding in Huobi Exchange, push the price more than $4. SO, it will be good initiative or path to follow.