Why Alchemint?

How many stablecoins are there on the market? What is the operating mechanism of the stablecoins? Let’s take Alchemint as an example and talk about it one by one.

What is stablecoin？

Stablecoin is a relatively stable cryptocurrency. Alchemint is an anchored currency and can exchange 1:1 with fiat currency (such as common CNY, USD, EUR, etc.).

Why does stablecoin occur, and what are the advantages of stable currency?

BTC, ETH and other cryptocurrencies fluctuate violently and cannot be used as a means of daily payment. Stablecoin solves this problem and connects cryptocurrencies with the real world. Stablecoin can be used as a payment medium, anti-risk (a bad position can make the currency price plunge. However, change it into stablecoins can help you protect your assets), and have a storage function (when you hold the currency, you need to fill the exchange through C2C. This process may force you to miss the great opportunity to take a bargain. When you hold a stable currency, you can always escape from the top.

What are the stable currencies on the market today?

In addition to the largest market share of USDT, we have Alchemint, MakerDao, Basecoin, TrueUSD, Bitshares, Havven, Nubits, Caborn and so on.

What is 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.

How does Alchemint’s token work?

Alchemint’s token is the SDT, which carries the entire operation of financial communities. SDT is used as a security token for the entire ecosystem and is mainly used to pay commissions when repaying debts to retrieve collateral. At the same time, those holding SDT tokens can participate in the governance of system risk control.

How does Alchemint work？

How does the price fluctuation of NEO affect Alchemint?

Definitions:

Clearing rate: set it by customers and need to be less than the mortgage rate. For example, if you set 150% liquidation rate, NEO assets will need to be added if the negotiated value of 10 NEO mortgages drops to 750 dollars.

SAR: SAR does not exist in the personal wallet, but in the blockchain. The personal wallet only displays the account data on the blockchain and sends corresponding instructions to the blockchain network.

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Our Twitter: https://twitter.com/Alchemint_SDT

Our reddit: https://www.reddit.com/r/Alchemint/