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RE: Campaign to get SBD listed on Binance

in #steemit3 years ago

While it would be cool to see it listed I don't really care that much. I can send Steem or SBD to Bittrex and if I want to send it to Binance I just to to the market convert my SBD to steem and send it over.


That is OK.

It is important to me because I'm making an effort to build STEEM & SBD up on a macro scale. Currently there is no major multilingual exchange that supports SBD. That hurts the Steemit ecosystem because Steemians don't have options if they don't read English or Korean.

Put yourself in other people's shoes. Imagine that you get paid in SBD or STEEM in which you must go to a foreign exchange and trade it for some other asset and that website is in a language that you don't know or unfamiliar with. Imagine if you only know French, German, Spanish, or any other language that is not Korean or English. You may choose not to use any of the various STEEM apps like Busy, Dtube, or Steemit. That really hurts the growth and future success of STEEM.

Yes, one can convert at the market, but there is only one two currencies to buy. STEEM and SBD. There are no other options. The exchange rate at the market can be really bad at times. Speaking of options, you are lucky you have an option take your STEEM to multiple exchanges that support your language. A bunch of other people just don't have options. For them, STEEM is not really a usable currency.

Even if there wasn't a language barrier, the severe lack of access via exchanges puts STEEM at risk of being replaced with something else that is available everywhere.