Review on Alchemint Standards by Pedro O. Alvino M.
Hybrid model stablecoins issuance project
Designed with smart contracts to minimize the risk of collateral to its operators and offer greater confidence in terms of issuing assets backed by the currency of the platform, which in this case would be SDUSD, where anyone can use the tools and functions that Alchemint composes since it is totally decentralized and is not governed by a central entity or institution.
Through the SAR model, a smart contract based on Neo contrac, which is basically a very important component of the platform, in which it is distributed in two modules that allow the issuance of stable coins either for individual users or for commercial users , in which each module has a different function of issuing stable currencies, either through digital assets over collateralized or through a fiduciary reserve of 100% of the chain.
Pros
- Stable coin issuance based on a hybrid model.
- It consists of cross-chain technology to map the digital assets of each public chain.
- Allows you to anchor stable coins in any asset.
- Composed of a Neo contrac (SAR) based smart contract
- The platform is not controlled by any organization or individual and does not require an audit firm.
- Any institution can issue stable coins on the platform.
- They contain a risk control system for market volatility.
- Roadmap project with greater capacity to anchor stable currencies to a wide variety of legal currencies.
Cons
- Very poor platform community.
- It has presented flaws and code errors in the smart contracts of the platform.
- It does not show positive values in terms of platform usability and currency performance.
