Company attributes
Other attributes
Alchemint is a hybrid-model decentralized stablecoin issuing platform based on NEO blockchain. It enables any individual or institution to issue stablecoins by collateralizing assets through smart contracts and cross-chain technology. Stablecoin has all the excellent features of the cryptocurrency while maintaining the price stability. The holders can conveniently send it to others or use it as a payment means for goods and services. Stablecoin is an essential medium for trading digital assets in exchanges.
Alchemint received support from Institutions all over the world. They include but not limited to Fengbushi Capital, NEO Global Capital, CollinStar, ChainFund, BK Funds, TrueBlocks and Signal Ventures.
SDS stands for Standards. It is used as the Alchemint’s utility token. The roles of SDS are as follows:
- SDS is required as a fee when issuing stablecoins.
- In To-B module, issuers need to lock SDS in the SAR as a security deposit.
- In To-C module, stablecoins can be issued by collateralizing SDS.
- SDS is a needed proof to participate in the governance of Alchemint platform.
Therefore, the value of SDS will increase as the size of the stablecoins expands on Alchemint platform. In the second phase of Alchemint’s roadmap, the value of SDS will also correspond to the stablecoin-based financial and commercial ecology on Alchemint platform.
SDUSD is the standard stablecoin issued by institutions or individuals on Alchemint platform through collateralizing digital assets. In the initial design, SDUSD will maintain the stable purchasing power through anchoring the US dollar which is an indirect way. However, with the advancement of the Alchemint’s roadmap, the financial and commercial ecosystem based on stablecoins will gradually improve and SDUSD will gradually evolve onto a proactive way to maintain purchasing power. Thus SDUSD will become the standard currency of the entire blockchain economy.
