It's essential SBD is known for remaining stable with the USDT. Increase Steem's precense on Poloniex by clicking the link below & request the listing of SBD on the USDT market.
Name
Steem Dollar
Symbol
SBD
Announcement Page
https://bitcointalk.org/index.php?topic=1483957.0
Website
http://steemit.com
Block Explorer
http://steemd.com
For the non crypto heads wondering why this is so important, it's because @timcliff said so in the comments below. XD
Seriously though, it's essential to have SBD specifically under the USDT market because USDT is an tether to the US Dollar. It will always represent exactly $1. It's hard to tell what SBD is worth when it's tied to BTC because BTC is constantly fluctuating in USD price, but USDT never will. Additionally, the importance of submitting your own individual coin request will increase the request number @poloniex receives, placing priority on them to get it done faster. The form is free, quick & easy to do. It will help Steem succeed in maintaining a strong precense on #polo & strengthen the SBD & Steem currency.
I went ahead and made sure this was the right form necessary. Prove to Poloniex the strength of the Steem community is strong by filling out this request form. Reblog this article so that others fill the form out too.
Regarding @honesty's progress, we are almost complete with a beta website with videos to match. Stay tuned by following.
Thanks @honesty - for the non-crypto folks out there, can you please elaborate on what this will do, and how it will help the peg?
@timcliff done & done. Thank you for the suggestion!
Awesome idea!
source: zubeezone.com
Done and resteemed
Good idea.
Re-steemed.
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I'd rather see various SBD / alt market.
The day SBD gets its own tab on POLO will be the day the USD goes hyper inflation to infinity...
Stepping stones @complexring :D
Might be sooner than you think.
Before advertising to new markets, the SDB peg must actually work first.
Doing this before SDB has at least a months history showing the dollar peg actually works, is really dumb.
Don't believe me? Go take the steem and sdb charts and talk to a real investor, and ask them if they want to buy a SBDollar for .93 cents...
It doesn't need to be super consistent to just list on the USDT exchange... but long term stability needs to be proven, I agree.
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