Smart Assets Reserve (SAR) The most critical part of the Alchemint system is the Smart Assets Reserve (SAR).
The ICO may issue a stablecoin initially pegged to the USD, backed by a system that ensures value stability and collateralized by NEO. And also, she has extensive experience in the operation and management of Internet financial product innovation, supply chain finance, asset securitization, risk control systems and Internet platforms. ~Page 7, Alchemist English whitepaper The mechanics of Alchemint The closest analog I can find to Alchemint is a decentralized version of the U.S. Federal Reserve. 4) Single-asset Mortgage Mechanism - During transitional period, Alchemint only accept neo as qualified mortgage assets. In short, it’s a stablecoin enabled via smart contract technology.
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- Zhang Ting (CFA)
- Qi Feng ( CTO)
- Zhang Wei ( Product Director)
As a stablecoin factory, Alchemint can be used as a decentralized leveraged
The solution Alchemint proposes aims to incentivize the market to arbitrate the SDUSD:USD ratio until it reaches equilibrium at 1:1. Widely used digital assets like ETH, BTC, and NEO do not work well as a payment method because of their volatility. In the beginning, there was NEO Alchemint will accept NEO as the only form of collateral at first. Stable coins have been very popular in 2018, as various projects attempt to address the issue of cryptocurrency volatility to encourage their adoption for everyday purchases. Alchemint has a complete set of risk control measures to manage the collateral’s market value so that the fluctuating will not trigger crisis of the whole system.
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Alchemint will also be able to generate SDT tokens as you mortgage your NEO using smart contracts.
Under this mechanism, the legal tender of sdusd, take USD as exam-ple, is set to the rate of 1:1 initially. [Main contribution proposal]: 1) Stablecoin SDUSD - sdusd is a cryptocurrency issued on the platform of Alchemint with the mortgage of neo and other digital assets. One of these days, a former high ranking Federal Reserve official is eventually going to join a stable coin team further cementing the legitimacy of such a project. Individuals can create SDT with the following steps: The liquidation and auction function Alchemint devised a solution for the devaluation of NEO and SDUSD. Anyone will be able to issue stable coins by mortgaging NEO assets, or other digital assets approved by a governance committee.
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With the support of SAR, Alchemint is able to guarantee the security, transparency and audit able of all mortgaged digital assets.
All these price are external market price that can not be positively sensed by blockchain. It showed the project ‘Alchemint. In addition, in the ecological environment that built by Alchemint, the potential customers Bitcoin is increasingly viewed more and more as the digital version of gold – a store of value, and not a currency. It creates high performance application-level digital currency through distributed ledger technology.
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Alchemint, a new digital currency being built on the NEO chain will begin its token sale on 12th June.
SDT Token Participants in the private and public sale of Alchemint will receive SDT token. Price is supported and stabilized by Smart Assets Reserve (SAR), commission lever and motivator from internal and external through Alchemint. For the Alchemint system, we believe that the Black Swan incidents mainly come from two aspects. Alchemint also needs real time market price of sdusd to detemine the adjustment of incentive mechanism. For flipping, not very interesting, you have a very long vesting time, and tokens are given out per 3 months in batches.
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The SDT token that will be issued by Alchemint is initially a smart contract platform on and offers automated feedback mechanism and appropriate external incentives.
3) Target Price Stabilization Mechanism - The stablecoin sdusd inherits the advantages of digital currency and other digital assets that avoid huge fluctuation of currency’s value. 5) Multiple Assets Mortgage - The collateral of Alchemint will expand to multiple digital assets in the future. More categories of digital assets will be added as acceptable collateral. Everyone is able to check real time market value of collateral, the circulation of stable currencies and the overall condition of the system on the public blockchain. Alchemint have infinite potential.