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SDUSD Review

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Poor

Revainrating 2 out of 5  
Rating 
2.0
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Description of SDUSD

SDUSD is a smart contract based stablecoin that is issued by Alchemint on the NEO blockchain. SDUSD offers stability relative to the U.S. dollar (1 SDUSD = $1 USD) through collateralization of NEO via a NEO smart contract. NEO is collaterized at a 150% rate for each SDUSD issued.

Reviews

Global ratings 2
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Type of review

Revainrating 1 out of 5

NEO Network Stable Currency

A stable currency of very little trust, is available as a functional means for the Alchemint platform, which is an ecosystem for the issuance of stable coins either for an institution or organization through the anchoring of SDUSD for the creation of a SAR, which a NEO-based smart contract, which serves as a process for issuing stablecoins. Given the large number of platforms with this operation, the ecosystem where SDUSD works is totally abandoned, in addition to that the information on the

Pros
  • First currency with fiduciary link in NEO.
  • Acts as a utility token for the Alchemint platform
Cons
  • I do not know it is backed by a legal currency.
  • The supply of commercial information about the currency is limited.
  • It consists of very little usability due to the abandonment of the Alchemint platform.

Revainrating 4 out of 5

Alchemint platforms.

For the Alchemint platform, with a very low level of trust, a stable currency is available as a functional tool, for some this project is like an ecosystem for the execution of stablecoins. This is an ecosystem operation tied to SDUSD to create SAR, serves for NEO a smart contract, this project is for a stablecoin issuance service. The main goal of the project is to provide the safety of user support, and this token is also traded in the market system. Thus, demonstrating the unreliability of…

Pros
  • Available as a feature.
  • Normal website.
Cons
  • Very low level.