Review on Alchemint Standards by LUIS RIVERO R
Smart contract to issue stablecoins using NEO.
Dex Ecosystem to issue stable coins, the characteristic of this platform is that NEO's smart counters are used to mint new coins.
This token with the NEO pair is now available on your DEX exchange.
Within the platform you can mint the amount you require of stable coins as long as you have Neo to back it up.
Now, the most important thing. How easy is it to use alchemint?
If you are a person with little knowledge of smart contracts, Swap exchanges, Neo, among others, I consider that this platform would be really difficult to understand for new users, also it does not have the simplicity that other asset backup services demonstrate.
In general, this proposal sounds interesting, however it is not usually attractive for users who have little experience with this chain of blocks, but there is still a lot to explore if you like to look for novel currencies with different protocols, this may be an alternative.
Pros
- Highly decentralized ecosystem.
- Cheaper fees compared to other types of contracts.
Cons
- Low trading volume.
- There is no information about the development team, also their level of development and reporting is low.
- Difficult to operate especially for beginners.
