Alchemint Monthly Progress Report (Feb. 2019)

Alchemint Stablecoin Issuance Platform Status

Alchemint Stablecoin Issuance Platform had few minor problems in February, but our tech team fixed quickly after received the feedback.

Compared to January 2019, Total SNEO Collateralized and Total SDUSD Issued had grown a little. Also with NEO price increase, it brings the Overall Mortgage Rate increase. With higher Overall Mortgage Rate, it can ensure SDUSD will keep the price stable even faced bad market condition.

Please check the following picture comparing the Jan. 2019 and Feb. 2019 data:

Jan. 2019
Feb. 2019

Research & Develop

Optimized UX

(Finished development, wait for testing and release)

  • For action the user can’t do, no longer disable the button, will tell the user why they can’t use this button
  • Move the Algorithm to another library, optimized the runtime
  • After each broadcast will no longer refresh the webpage, instead directly update the webpage data
  • Developing and testing Ledger Wallet login

Ledger Wallet Support

  • Development complete, testing complete
  • Scheduled enable this function on mainnet at 4th March

Extract Service Layer

  • Extract all the service into the service layer, provided API to call
  • Minor the front end processing, call Service Layer for business logic

Mobile Version Platform

  • UI design complete
  • Mobile version will call Service Layer directly
  • Complete the integration of O3 wallet login

ETH Version Platform

  • Finished the first version ETH version Alchemint stablecoin issuance platform.

Community Operation

Attended NEO DEVCON 2019 and made the speech

NEO DevCon 2019 is a forward-looking premium summit for developers, showcasing various decentralized applications and top contributors in the ecosystem. It was successfully held in Seattle from February 17th to 18th, 2019. Alchemint CTO Chris Qi attended and present on the topic “Stablecoin, the Infrastructure of Blockchain”

Attended OK GROUP’s “Hug in Bear Market” event

On 22nd February, Alchemint’s CEO Elva Zhang and Alchemint’s Community manager Stephen attended “Hug in Bear Market” event held by OK GROUP and BBNews. During the event, we shared our project with other project team and exchange opinions.

Attended “Stablecoin’s past and future” panel

On 23rd February, Alchemint CTO Chris attended “Stablecoin’s past and future” panel organized by Shiliucaijing(石榴财经).

The panel talked about JPM Coin, also discussed the type of stablecoin, and what’s it meant to blockchain and cryptocurrencies.

Lunar New Year SDUSD Red Envelope Airdrop

The Lunar New Year had come. To thanks the community support throughout the past year, we decided to giveaway SDUSD Red Envelope to our community.




Alchemint is the NEO ecosystem’s stable coin.

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Alchemint is the NEO ecosystem’s stable coin.

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