(Article Contribute from Community)
SDUSD is the first Stablecoin on NEO blockchain; it is a decentralized Stablecoin.
I will tell you the 3 features attracted me the most.
Transparency
Unlike fiat-backed stablecoin (USDT, TUSD, PAX) will occasionally release their Audit report for their bank balance.
People can audit SDUSD status anytime. You can go to https://neo.alchemint.io/individual, it records every status corresponding to keep SDUSD price stable.
The platform is open-source on Github https://github.com/Alchemint/
Cost Efficient
From a stablecoin user point of view:
Unlike other stablecoin will need cost ETH or Stablecoin as transaction fee.
Benefit by NEO blockchain don’t need transaction fee, transferring SDUSD is completely free, the amount you send will be the amount they receive.
From a stablecoin issuer point of view:
Right now the Stablecoin Issuance Platform Annual Fee Rate is only 2%, it’s much lower compared to the similar product out there in the market.
Rewardful
Right now there are not so many exchange support SDUSD. But holding SDUSD is also a good option.
The Red Envelope event during the Lunar New Year, the project team give me a big SDUSD Red Envelope.
Holding SDUSD can allow you to liquid “Critical” SAR when the market goes down. Every time you liquid “Critical” SAR, you earned yourself a 10% profit.
(Thank Xiaowu from our Chinese Community to submit the article, Alchemint Foundation rewards him 1500 SDS and 15 SDUSD)
