Alchemint Monthly Progress Report (July 2020)

Alchemint Stablecoin Issuance Platform Status

Unlike June the status of the Alchemint stablecoin issuance platform experienced a increase due to NEO price increase.

The Total Service Fee Paid has increased in July.

June 2020
July 2020
NEO/USDT July 2020

Research & Develop

Staking & Governance

Alchemint platform reserach:

Telegram Chat log from Switcheo

During this month, there was 1–2 day the system could not be used due to the NEO network issue, after the issued had been fixed, we rebooted our services.

DeFi Hype Research:

One good thing we noticed is that people holding NEO more and more want to participate in ETH DeFi this leads to more people using Switcheo Atomic Swap to swap SDUSD to DAI, in this way NEO holder can still participate in ETH DeFi.

Filecoin Hype Research:

Filecoi is the another trending topic for 2020.

On 3rd July we attended “IPFS Ecology Industry Summit” in Hangzhou, during the event we noticed lots team just want to selling miner or hashpower for Filecoin, but mining for FIL have a complex matrix and the stats will only release while the mainnet is almost ready to launch.

For now, we don’t see the necessary for Filecoin network having a stablecoin, and for general public, we don’t recommend you to invest into Filecoin mining, especially cloud mining platform.

Alchemint is the NEO ecosystem’s stable coin.