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.

May 2020
June 2020
NEO/USDT June 2020

Research & Develop

H5 and App development:

Permissions requirement

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.

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