Switcheo Exchange — SDUSD Listing Announcement

Jack Yeu
Jack Yeu
Dec 27, 2018 · 2 min read

We are happy to announce that SDUSD will be added as a counter currency on Switcheo Exchange! SDUSD will debut against NEO as the NEO/SDUSD trading pair.

SDUSD will be open for deposits on 27 Dec, 11.30am SGT (UTC+8) and trading will commence on 27 Dec, 12.00pm SGT (UTC+8).

SDUSD is an smart contract based stablecoin that is issued by Alchemint on the NEO blockchain. SDUSD offers stability relative to the U.S. dollar (1 SDUSD = $1 USD) through collateralization of NEO via a NEO smart contract. NEO is collaterized at a 150% rate for each SDUSD issued.

Details about SDUSD and the status of current CDPs (collaterized debt positions) can be viewed live via the Alchemint dashboard here.

About Alchemint:

Alchemint is a cryptocurrency stabilization system that runs on NEO’s public chain. It uses distributed ledger technology to create high-performance, application-grade encrypted digital currency and completes the mortgage of digital assets, management of collaterals value and issuance of stablecoin through intelligent contracts. Alchemint wants to create a robust, open and transparent stablecoin issuance system.

Find out more about Alchemint here:

Website | Twitter | GitHub | LinkedIn | YouTube

About Switcheo Network:

Switcheo Network is the first decentralized exchange on the NEO blockchain which now allows trading of Ethereum and NEO tokens.

Our goal is to achieve a DEX network with cross-chain swapping capabilities across popular blockchains, with a focus on delivering a world-class trading experience in a trustless and decentralized environment.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store