Overview

The SDT (special drawing token) operated by Alchemint project is initially a smart contract platform on NEO.

Project stage

Only a whitepaper

Detailed description

Popular digital currencies, such as BTC, ETH and NEO, are unable to become means of payment as a result of their huge price volatility, which to a large extent impedes the current blockchain projects getting down to earth. Alchemint uses smart contract to allow distrib-uted creations of sdusd (a kind of stablecoin dynamically pegged to USD) with the collateralization of various crypto-assets, as backed by a set of mechanism that secures the stability of sdusd’s value. Having all the characteristics of crypto-currency, sdusd is additionally able to keep its own value sta-ble. Being user-friendly, sdusd can be sent to others, used to settle prices for goods and services or held as long-term saving. Sdusd will also serve as an essential medium of exchange for crypto-currency trading platforms. Initially, Alchemint’s platform supports one single type of asset to be collateralized, which is NEO.

 Subsequently, Alchemint will embrace assorted collateral assets and accept the reserve and mortgage of tokenized traditional assets, such as gold, real estate, fund units and etc., with a view to meeting consumer grade liquidity needs for stablecoins. Down the road, sdusd will grow into an important value transmission tool for blockchain-based appli-cations and be applied to various business scenarios. In addition, sdusd will provide users with expe-rience of freedom, fairness and swiftness in the Internet world and build up a more efficient business development system with lower costs for crypto start-ups to boom.

Problem

Current problems:

  • Price fluctuation is a major barrier for adopting digital currencies for payment.
  • Exchanges and investors are lack of enough means to avoid market risk.
  • Blockchain financial services can hardly be executed, such as loan.
  • The adoption of some Dapps which use unstablecoins will meet resistance from the market,such as the “blockchain version of Uber or Airbnb”.
  • In ICO events, blockchain teams and investors are exposed to financial lose.

Solution

Stablecoin Solution:

  • Stablecoins have almost no price fluctuation and are more likely to achieve wide adoption as a payment method.
  • Stablecoins can become a safe haven for the digital currency trading market.
  • Stablecoin enables the traditional financial services to be transferred into the blockchain world.
  • Stablecoin helps Dapps to hit the ground.
  • Stablecoin eradicates that risk in fundraising events.

Features

  • Centralized collaterization mode (IOU mode) 
  • Seigniorage Shares mode 
  • Decentralize collaterization mode
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : SDT
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 16,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :NEO (NEP-5)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 SDT
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist N/A
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH, NEO,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Australia, China, Japan, Singapore, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Ended
    06 Sep 04:00 UTC
    12 Jun 00:00 UTC
    12.5 USD No Max 5 ETH Uncapped 16,000,000 USD
    • Team

      • Zhang Ting photo
        Zhang Ting
        Chief
      • Qi Feng photo
        Qi Feng
        CTO
      • Zhang Wei photo
        Zhang Wei
        Product Director
      • Steel Chen photo
        Steel Chen
        Core Development Engineer
      • Lei Geng photo
        Lei Geng
        Core Development Engineer
      • Joe Wu photo
        Joe Wu
        Core Development Engineer
    • Advisors

      • Sun Ming
        Fenbushi Capital Legal Advisor
      • Professor Wang Yanming
        Ph.D. in Mathematics
      • Chen Yu (Jiangnan, younger cynic)
        Founder of the Juxiu Capital
      • NEO Council
      • Pauline Xu
        Hayek Capital Founder
      • Liu Ming

    Roadmap

    • Jun 2018
      Phase 1: Genesis

      Alpha version finish

    • Auf 2018

      Launch testnet and finish web version wallet

    • Sep 2018

      Launch SAR-B on mainnet

    • Oct 2018

      Launch App wallet

    • Dec 2018

      Launch SAR-C on mainnet

    • Mar 2019

      Support other NEP-5 assets at collateral

    • May 2019

      Finish crosschain function

    • 2019-2021
      Phase 2: Expedition
      • Smart contract
      • Consensus mechanism
      • Cross-chain
      • Tokenization
    • After 2021
      Phase 3: Elysium
      • Stablecoin-based E-business
      • Stablecoin-based payment
      • Stablecoin-based financial services
      • Stablecoin-based foreign trade
      • Stablecoin-based future trade

    Activity