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Alchemint ICO Overview (SDT Token)
The Alchemint ICO and SDT Token action a stablecoin administration arrangement congenital on the NEO platform. Alchemint aims to action a aggregation of fiat-pegged cryptocurrencies via a decentralized and cellophane arrangement of collateralized agenda assets.
The charge for a applicable stablecoin arrangement persists in the crypto amplitude as one of the capital roadblocks to accumulation adoption. Widely acclimated agenda assets such as BTC, ETH and NEO do not action able-bodied as a agency of acquittal because of their volatility.
Attempting to abode this affair arch on, Alchemint will initially affair a stablecoin called to USD, collateralized by NEO, and backed by a arrangement of bread-and-butter safeguards to ensure amount stability.
Alchemint ICO Value Proposition
Alchemint offers an befalling to mortgage NEO backing to admission amount stability. Initially targeting exchanges, the aggregation anticipate a stablecoin that will be acclimated for p2p payments, asset securitization and e-commerce.
The Alchemint roadmap is not alone bound to the conception of a USD-pegged stablecoin (SDUSD), but additionally includes affairs for added fiat-pegged currencies such as SDRMB (Chinese Yuan) and SDEUR (Euro) to calibration the ecosystem. All stablecoins issued on the belvedere will initially be collateralized by NEO.
Decentralization is a key basic of Alchemint in adverse to added stablecoins like USDT. Alchemint will neither be controlled by any alignment nor crave approved advertisement of aloof assets. Anyone can admission the absolute time bazaar amount of all collateralized assets, the apportionment of anniversary abiding bill and the all-embracing action of the arrangement via the blockchain.
As a amount basic of this decentralized approach, anyone can affair a stablecoin by mortgaging NEO assets (or added agenda assets accustomed by the Alchemint Governance Committee). Alchemint accredit to this access as “decentralized collateralization”. Below is an extract from the white cardboard anecdotic the approach:
“The assumption of this approach is to collateralize agenda assets through acute affairs on the blockchain, so as to affair agenda currencies that are anchored to the amount of acknowledged tender. Under this mode, every abiding agenda bill that is issued is backed by collateralizing the agnate agenda assets, and the accessory is cellophane and cannot be appointed or blocked. Alchemint additionally has a set of accident ascendancy measures to administer the accessory bazaar amount so that fluctuations will not activate crisis of the accomplished system.”
The Alchemint aggregation has architected the stablecoin arrangement based on the afterward three assets:
Stablecoin (ex. SDUSD)- a fiat-pegged cryptocurrency issued on the belvedere that is collateralized by NEO. The arising and amount stabilization are facilitated by the Smart Assets Reserve (SAR).
Smart Asset Reserve (SAR)- a smart arrangement which enables the collateralization of NEO to affair fiat-pegged currencies. When a user wishes to affair SDUSD, NEO is beatific to an SAR to mortgage. The SAR will appraise the bulk of the NEO and affair a agnate bulk of SDUSD to the user’s account.
SDT- when a user redeems collateralized NEO, he or she pays a agency allegation in SDT. The bulk of SDT is based on how abundant NEO is captivated in the SAR. SDT acclimated to affirmation NEO will be austere in the process. Therefore, the bulk of SDT will abatement over time, which could advance to an access in bulk as a aftereffect of growing use and adoption. As the bulk of SDT rises, the bulk of SDT appropriate to redeem NEO from an SAR will decrease. Holders of SDT will additionally participate in babyminding of the accident administration arrangement abaft Alchemint.
Alchemint ICO Team
CEO Zhang Ting is the Founder of Alchemint. Previous to Alchemint, Ting founded and served as CEO of Honeymoney, a association banking platform, which was after acquired. She additionally served as COO at Jili Wealth p2p, a lending belvedere in China agnate to Lending Club.
Qi Feng is CTO of Alchemint. Feng has over 10 years of acquaintance in the IT and accounts sectors. He ahead served as CTO with Harmonia Capital. Other adventures accommodate confined as General Manager of E-commerce at Sinosoft and as Senior Consultant for Neusoft Group’s Financial Division.
Zhang Wei is CPO of Alchemint. Wei has acquaintance with derivatives advance administration and accident control. For 8 years, he served as Product Manager and Advance Advisor at one of China’s better state-owned banks.
Notable admiral to the activity accommodate Founder of Hayek Capital, Pauline Xu, Founder of Juxiu Capital, Chen Yu, and the NEO Council.
Full capacity on the aggregation and admiral can be begin in the white paper.
Alchemint ICO Strengths and Opportunities
Alchemint is the sole stablecoin activity congenital on NEO. In agreement of advance milestones, Alchemint accept already accustomed a able affiliation with Switcheo for use on the DEX. From a added macro-level perspective, Alchemint represents a acute footfall against the advance of the NEO Smart Economy.
As the NEO ecosystem grows, Alchemint could acquisition use not aloof on exchanges but as a reliable agency of facilitating payments on Dapps. As the badge metrics indicate, the bulk of SDT will abate as it is spent to redeem mortgaged NEO. If Alchemint charcoal the sole stablecoin on the NEO platform, the abiding advance of acceptance aural the ecosystem could aftereffect in a cogent appeal for SDT.
Alchemint ICO Weaknesses and Threats
The approaching of stablecoins in accepted continues to prove elusive. Of the abounding bill that accept been launched, time has yet to prove the activity of any one system. In this sense, Alchemint is a acceptable and abundant bare attack at creating a abiding crypto asset.
What charcoal abstinent are the countless of scenarios that could comedy out as the demand, apportionment and amount of anniversary asset aural the ecosystem fluctuates. At this aboriginal date of artefact inception, it would be advisable to actualize a analysis archetypal of assorted bread-and-butter scenarios for accessible appraisal to advance added aplomb in the project.
Some choir aural the crypto amplitude abide skeptical of the abstraction that stablecoins are alike achievable in the long-run. Adding a akin of ambiguity to the project, the bread-and-butter archetypal and aegis mechanisms basal Alchemint abide alien area in the crypto amplitude and can alone absolutely be accurate through a fully-deployed, anatomic product.
Regardless, the affiance of success represents an aberrant befalling to appropriate the countless of use cases for which airy currencies abide impractical.
The Verdict on Alchemint ICO
From the conception of a p2p lending belvedere to years of acquaintance in the cyberbanking sector, we feel the aggregation abaft the Alchemint ICO are able-bodied able for the assignment at hand. A analytical basic of the NEO Smart Economy hinges on their adeptness to succeed, and to this accord, it is a acceptable assurance that the NEO Council are advising the project.
Still, at this stage, we are larboard to accomplish a alarm with absolute little to appearance in the way of absolute artefact advance and will accumulate a abutting eye on any developments to come.
Learn added about the Alchemint ICO from our Telegram Community by clicking here.
As a Top 10% rated ICO, we will be agreement a baby bet on the Alchemint ICO (SDT Token).
ALCHEMINT ICO REVIEW SCORES
SUMMARY
The Alchemint ICO (SDT Token) wants to actualize a stablecoin for the NEO Smart Economy, angry to assorted currencies including the US Dollar, Chinese Yuan, and the Euro. Their ambition is to do this after the absorption issues that accept bedeviled the best acclaimed stablecoin, Tether. While the abstraction charcoal anointed aural the cryptocurrency market, a stablecoin bread-and-butter archetypal that works in absoluteness has yet to be absolutely demonstrated. We see befalling to break the problem, but the beheading adjoin the abstraction is what will absolutely count.
Founding Team……………………….8.6
Product…………………………………..4.5
Token Utility…………………………..8.8
Market…………………………………..9.3
Competition…………………………..6.2
Timing……………………………………8.5
Progress To Date……………………5.9
Community Support & Hype…..6.5
Price & Token Distribution……..6.3
Communication……………………..10.0
FINAL SCORE……………………….7.5
UPSIDES
DOWNSIDES
Today’s Date: 4/5/18
Project Name: Alchemint
Token Symbol: SDT
Website: http://alchemint.io/
White Paper: http://alchemint.io/pdf/Alchemint_WhitePaper_EN_v0.9.2.pdf
Crowdsale Hard Cap: TBA
Total Supply: 1 billion
Token Distribution: 30% Community Development Fund, 20% Public Sale, 15% Private Investors, 10% Cornerstone Investors, 10% Founding and Development Team, 10% Commercial Promotion, 5% Consultancy Fees
Price per Token: TBA
Maximum Market Cap (at crowdsale price): TBA
Accepted Payments: TBA
Countries Excluded: TBA
Bonus Structure: N/A
Presale Terms: N/A
Whitelist: TBA
Important Dates: Crowdsale- TBA
Expected Token Release: TBA
Additional Information: https://t.me/Alchemint
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
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Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
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Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
