Alchemint Sell out ICO in 5 hours 30 mins!
What is The next Generation of Stable coins?
If you are unsure what alchemint is, it is the next generation of stable coins. But unlike others such as USDT, who we have to trust a third party bank account that they have the funds to back up every USDT dollar. Alchemint will utilise SAR. Smart Asset release, you will be able to trade your assets such as Neo into the SAR, and recieve SDUSD in return (the USD Stable coin)
SDUSD is an encrypted currency that is stable in the value of the dollar.
SDUSD is generated by the Alchemint platform, which is a decentralised platform running on the NEO block chain.
The project is hotly anticipated and is backed by both Neo Global Capital and Fenbushi Capital, who have also invested in such projects such as VeChain. So this could be one to watch moving forward. We can anticipate SDUSD hitting the exchanges in September later this year!
This video does a much better job at explaining how it all works!
Id Just like to congratulate the Team on running a highly successful ICO!
Thanks for Reading
Disclaimer : All investing is speculative. This isn't financial advice. Just one man's opinion of a complex fractal world with infinite variables, affecting the system, at exactly the same time.
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