You are viewing a single comment's thread from:

RE: I'm Steemit's Content Director

in #steem6 years ago (edited)

Binance doesn't support SBD. You have to understand that the language barrier is going to limit new accounts and potential investors. The value of STEEM is tied to the number of active users. If you exclude all the people that don't know English or Korean, then that is a huge population. On the currency side, you have to consider that most people pick an exchange that they like and stick with it. Therefore, they are limited to whatever that exchange has. SBD is just not available which makes it useless as a currency. Other currencies have dedicated staff working aggressively to get their currency listed on exchanges . What is STEEM Inc. doing? Nothing?

STEEM is severely deficient with the number of exchanges it is listed on. Compare it to all the other currencies in the top 50 and you will see there is a problem. Remember you have to subtract Poloniex and HitBTC. They both have stopped supporting transfers back in January. When you take those exchanges out of the picture, the number of exchanges that STEEM is listed on is downright dangerous.