Alchemint Monthly Progress Report (June 2020)
Alchemint Stablecoin Issuance Platform Status
June’s crypto market is steady, Neo’s price went up slightly in the beginning of June, it went down again after that.
Total SNEO Collateralized had a 10% decrease compared to May, Total SDUSD Issued decreased less than 10%, so the overall Mortgage Rate decreased due to NEO price.
The Total Service Fee Paid had increased in June.
Research & Develop
H5 and App development:
Android APK available for preview: https://bit.ly/2OtGBan
iOS version ready soon.
Will working on listed on Google Play Store and App Store
SDUSD use case:
Finalizing the details rules for investing SDUSD in the Chinese Stock Index Fund.
In the future, people will be able to use our App to easily invest or redeem the Index.
SDS use case:
This month, leading by Compound, a lot of Defi projects came up with liquidation mining functions. It reminds us on how FCoin was leading with other exchange for the trading volume mining back in the days. The Fcoin’s trading volume mining didn’t end up well, but we will take a deeper look at liquidation mining, if we find a breakthrough point, we will implement it in the platform.