Review on Alchemint Standards by José A Rodríguez
Alchemint: A Hybrid Stable-Coin with Support of the Neo Blockchain
Alchemint has been designed as a stable coin ideal to be partnered with the support of financial institutions. The interesting point of this blockchain is that it is running through the support of the Neo network, which has been discussed for months because of the reduction of their operations. However, this blockchain is a little bit different and provides better and stable options for hybrid functioning based in American dollars or USD, as commonly people call them. They offer their own stable coin which is officially part of the Neo ecosystem and it is called SDUSD.
Practically, the operationalization of this token as well as the entire process of the page has been limited and not very common. The fact is that it does not really look like a stable coin, but a smart-contracts supporter. It is a blockchain with low management for their content support. However, it is legit and certified as a working network. It provides many good services and dedicated attention to solve certain issues currently issuing the fact of why the Crypto-world requires a stable coin.
First of all, this blockchain has been recognized as a reliable price-fluctuation reductor. All possibilities for volatility on the token's value can decrease considerably with the support of the main core. It is A good partner for getting involved in the operativity of Dapps. In fact, it helps them to be more consistent in the marketplace considering that some of them are constantly increasing their values. And finally another good thing I noticed from it is that the network can give special attention to the trading, which is the most common action in the entire marketplace.
For now, Alchemint has a long blank road yet to colour to show what is really effective on it. Certainly, it provides good services, but they all are new and prompt to fail with time if correct management is not settled. It should give more attention to the informative content they provide as an alternative to offer a complete platform.
Pros
- Recognized as a good and representative model into the stable coins sections because of its excellent features for hybrid operations.
- Good technology support with dedicated attention to many networks as part of growing up the operative system in the whole ecosystem.
- It is partnered to Neo as it brings great support to it through the volume and trading its stable coin.
- They reduce common fluctuations rounding the marketplace. It is ideal to stop the volatility of prices.
- It is a good company to minimize any type of risk that can affect the functioning of cryptocurrencies in the trading field.
Cons
- It still has a low rating in the marketplace. Many users are still trying to prove the platform.
- Most of their feature is under correct development. It provides low content for the things it offers.
