Alchemint Monthly Progress Report (Jan. 2019)


Alchemint Stablecoin Issuance Platform Status

Alchemint Stablecoin Issuance Platform works smoothly in January.

We believe the larger quantity the larger population will use it, we had raised the platform’s Overall Issuing Ceiling (SDUSD) from 100,000.00 to 1,000,000.00

Compared to December 2018, Total SNEO Collateralized and Total SDUSD Issued had grown rapidly. But due to the last few days price drop for the whole cryptocurrencies market, NEO also price went down a bit, it made Overall Mortgage Rate goes down.

Please check the following picture compare the Dec. 2018 and Jan. 2019 data:

Dec. 2018
Jan. 2019

Research & Develop

Alchemint Platform is deployed on NEO mainnet Dec 2018. In Jan. 2019 month, we are working on adding new features to make the platform more user-friendly.

Add One-click Issue function
Working on Ledger Wallet support. Should be complete around Mid Feb.
Research and started coding Ethereum version Stablecoin Issuance platform

Business Cooperation

SDUSD listed on CoinMEX

25th Jan. As the first stablecoin on NEO blockchain, SDUSD had been listed on CoinMEX with BTC/SDUSD, USDT/SDUSD, and NEO/SDUSD trading pair.

CoinMEX is the first centralized exchange listed SDUSD. We had held a trading competition on CoinMEX.

In-depth Cooperate with Swithceo

15th January, Swithceo highly acknowledge the SDUSD’s performance since launch on NEO mainnet. Decided to add SDUSD/SWTH and SDUSD/SDS trading pair.

The new partnership with Phantasma Chain

On 8th January, Alchemint and Phatasma Chain announce a partnership. Alchemint will provide the Phantasma community and anyone that uses the Phantasma App in the future with a stable way for them to secure their funds.


Community Operation

Alchemint New Year Toast

At the first day of 2019, Alchemint founder Elva published the “New Year’s Message to the Alchemint Community”, in the article, Elva reviewed the 2018’s milestone and looking forward 2019.

Attend Canaan Creative “Hug in Bear Market” event

On 18th January, Alchemint’s Community manager Yimo and BD manager went to Hangzhou, attend “Hug in Bear Market” event held by Canaan Creative. During the event, we self promote the project and SDUSD, made connections with other people in the industries.

Video Tutorial for “Liquidation on the Alchemint Platform”

Liquidation is an important way to keep SDUSD price stable. Also for people participate liquidation, they can earn a profit with no risk.

In January, we made a video tutorial to demo how to perform a liquidation on the platform.

AMA in CoinMEX community

On 22nd January. Alchemint founder Elva went to CoinMEX community, make an AMA live, during the AMA people ask lots question, Elva and other Alchemint’s staff answer all the question.

For High-quality question, please refer this 2 links (AMA in Chinese):

Questions The Host Asked

Questions The Community Asked