Getting Steem and Sbd Traded With Fiat Pairs.

Zappl Inc and a few others in the community have been pushing hard. Trying to get the pairs we feel are needed for the currency to take a step further either before smts, or the new user signup is made. Down below we will fully go over the issues and questions were facing from exchanges about Steem and the upcoming Smt tokens.

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Making contact

First order of business was to contact these exchanges with an email that would peak their interest. So we started off with a short explanation.

This peaked the interest of 2 U.S. exchanges, 1 Chinese exchange, 1 Japanese exchange, and 4 EU exchanges. Because we're still currently in talks with these exchanges Zappl and third parties involved will not be sharing their names publicly yet. The talks are early, and we don’t want people giving outside pressure to these exchanges.

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Information that was submitted as per their request:

https://youtu.be/w3acqauTdhc Video of Ned explaining why Smt’s.
Provided a list of the exchanges and who holds the most steem.
Provided a list of platforms that run on the Steem platform.
Provided translated version of all this in kr, cn, jp, which we got on fiverr.
Provided data on statistics of daily active users and average daily transfers.
Provided video explanations of the Steem blockchain and wallet features.https://steem.io/ For the main project page. https://smt.steem.io/ Smt link we also provided the white paper.

We provided much than this but for the sake of keeping it short this is it.

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Question time

First question:
A question they all asked seriously was, who runs the witnesses and how does the witness system work. A short explanation as to what we answered was. Witnesses number one job is to produce blocks, their second big job is the price feed. Which are how Steem backed dollars are always close to at least a dollar or more. Zappl also explained how bad actors can quickly be voted out of their position as a top block producer if people feel they are a bad actor. Making the Steem blockchain less likely to be 51% attacked.

Second question:
Smt's (Smart media tokens) progress plus a more simple explanation of their uses and the estimated time frame. I told them what i know and provided them the details the would need to contact Steemit inc's team.

Third Question:
Currently how well maintained is the chain and how good is the community support, what libraries do we offer and support. I provided them with a list of contacts whom they can contact in the community if they have any issues setting up wallet systems. As well as providing them a list of current libraries that were aware of.

Fourth question:
The ability to gain liquidity on exchange or OTC (Off the chain) if they decided on adding the pair. I provided them with a list of exchanges and personal contact details of the third parties who are willing to OTC or on exchange transfer a significant amount of Steem and Sbd holdings.

There's more but these are the most important as of now.

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What's the progress:
Currently we're still in talks and trying to get third party liquidity holders with large stake in touch with these exchanges. Zappl and third parties are explaining in detail how they could set up the wallet and deposit and withdraw systems using memo system and database.

Zappl and third parties are working hand and hand while continuing to contact more exchanges to increase the possibility to get Steem and Sbd listed.

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Third parties:
Currently we don't have permissions of these third parties to put their names. But if they feel like being added we will update the post if they give us permission.

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If you would like to help in the efforts please feel free to contact us.

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