Alchemint Monthly Progress Report (April 2020)

Alchemint Stablecoin Issuance Platform Status

After the market plunged in March, April seemed exceptionally calm. The overall cryptocurrency market has risen this month, and all DeFi platforms have increased their stablecoin issuance while the mortgage rate increased or kept the same level.

In the middle of April, the Total SNEO Collateralized decreased slightly, but the Total SDUSD Issued increased.

However, because the NEO price of collateral rose from 7 dollars at the beginning of the month to nearly 10 dollars at the end of the month, the global mortgage amount increased from 234% to nearly 300%.

There are more frequent platform users this month, mainly users that tried out One-Click Return. The Total Service Fee Paid (SDS) has not increased much.

Research & Develop

H5 and App development:

Completed prototype design, has entered the development stage.

NEO platform:

The server is optimized to reduce the probability of the unavailability of the platform.

SDUSD use case:

Business development with one of the Chinese stockbroker, possibly allow people using SDUSD to purchase Chinese Index Fund.

Make One-Click Return Tutorial

In the version update we launched in March, One-Click Return was the focus of this update.

We recorded a tutorial video to teach you how to use the function.