Alchemint Monthly Progress Report (May 2020)

Alchemint Stablecoin Issuance Platform Status

Bitcoin Halvening took place in May. The cryptocurrency market has not been affected with huge fluctuation, the market has risen steadily throughout May. NEO rose significantly this month, from the lowest $9 to $12 at the end of the month.

With NEO price increase, although Total SNEO Collateralized, the Total SDUSD Issued and Overall Mortgage Rate has increased.

Total Service Fee Paid (SDS) had increased this month.

Research & Develop

H5 and App development:

Almost finished the H5 version website, available for testing on http://alchemint.mobi/

Android App version will available at the end of June.

Community Operation

SDUSD use case:

In order to facilitate global investors to share China’s development dividends through compliance channels, it is planned to reach a cooperation with Fubon Securities in Hong Kong to provide investment channels for overseas customers. The functions and details will be announced in Q3.

Attend NeoLine online Sharing Session

On May 21st, NeoLine invited us to online share in their NeoLine wallet. We used “How to make DeFi‘s UX better” as the theme for an hour of sharing. During the sharing period, we shared stablecoin knowledge with the NeoLine community. Teach everyone how to use Alchemint’s one-click return and one-click issue, shared Alchemint’s vision with attendees. During the sharing period, the community responded positively and achieved a good sharing effect.

DeFi Sharing

We start a new DeFi sharing section, in the section, we will share one or a few interesting articles with our community members. Right now we only have articles in Chinese, in the future, we will have English version sharing.

USDT : Hidden danger of small horse-drawn cart

TON is dead, what happened for the investor invest IOU token on exchanges?