Over the past few weeks, we’ve heard of initiatives like @steemengine which enables anyone on STEEM to create their own tokens. I think its a great idea and I knew that there were some discussion on using side-chains to create SMT Simple tokens for projects on STEEM.
People like @actifit , @steemhunt and even @magic-dice and who knows perhaps @drugwars will and some already have benefit from having their own token within the STEEM ecosystem.
Recently @steemhunt had signed a MOU ( memorandum of understanding ) stating a collaborative effort to get SMT tokens tradable on DAYBIT exchange
In all honesty, I only used a number of exchanges and this was the first time hearing about DAYBIT so I decided to dig in more. Even though there is no STEEM / SBD wallet yet , I did try depositing a lil bit of crypto’s in and start to explore this exchange.
At a glance, it looks just like ANY other exchange. And this is the top 5 exchange in Korea ? I did the norm signup and mobile registration. You had to do it to enable the deposits and 2FA.
The uniqueness about this exchange is that this exchange is just uniquely fast ! After reading more about it, its actually developed using a programming language called “Erlang” which is used for high-capacity data … example WhatsApp, LINE and even games like League of Legends.
What really caught my attention was its built in “trade intelligence”. So If you wanted to catch a trade at the top ( almost top ) and then sell .. you can actually set it to do so.
In the screen above I have set my trade to SELL my EOS to USDT after figuring out the TOP and it drops 5%. Now upon writing this , I just placed my order and waiting for it to execute. Hopefully I can report good news in my next article.
So literally you can also set the BUY signal at the bottom. I’ve not tried it out yet, however excited to see how it goes.
So before DAYBIT enables SMT tokens on the exchange, why not you give it a try so that onces SMT is on board you know how to auto trade. To signup, click the link below
A little bonus, if do trade on this exchange, you are also able to earn DAY token. Currently trading at $0.03 per token.
So checkout DAYBIT today …. and you must try the auto trade. Do let me know your experience on this exchange if you have used it before.