[Crypto Currency] Alchemint, neo financial products to replace tether
Cryptography is the most disturbing factor in common usage. It is price stability. This cipher, which changes its price by one hundredths of a second, to ten thousand and one hundred units, is getting out of sight as a means of payment because of its volatility.
If you think about the moment when the block chain technology was born, the block chain and finance will be inseparable. So I felt the need for a stable coin with a price, and I wanted to create a coin that could exchange and deliver value based on neo. This is why Alchemist started and is the mission of the project.
Alchemist adopts a Spot To Spot distributed network to form a transparent network, and supports Distributed Ledger transactions within this network. The database that updates the records according to the principle of the sum set on the node is the Distributed Ledger. Block-chain economics based on a distributed ledger can make every minute of transactions happen around the world. Alchemist is holding a bit coin as an example.
Alchemist's smart contract on the white paper looks similar to the process of financial transactions. It follows the business rules governed by existing rules and regulations, and allows Alchemist's service providers or contracting parties to comply with the contract.
The occurrence of this data acts as a trigger for the smart contract to run, and it is associated with the block chain or the associated external. As the Smart Contract runs, it results in running into other systems, block chains, and cash ledgers.
In other words, Alchemist 's structure is a price stability system that produces digital currencies through Distributed Ledger technology, which is operated by Neo' s block chain. Since the price is aimed at stable assets, you can take charge of financial functions.
We release the digital assets of the mortgage loan and the digital money to the market, and secure the management of the collateral assets that are entrusted. It is not affected by individuals or organizations, and does not require audits or periodicals.
Smart contracts can reduce worries about bankruptcy or account suspension and prevent embezzlement. The system for these asset collateral is called Smart Asset Reserve (SAR), which is used as collateral for assets.
Since SAR is a security, there is a need to settle it. In other words, because you need to evaluate the price, you get the price information through the external partner and send it to the inside of the block-chain system. This technology, which is also a distributed node, is called 'Oracle'.
These external participants buy the SDUSD when the market price is below the target price and sell the SDUSD when the market price is higher than the target price to support the internal stability to guarantee the value of the collateral and the external stability to maintain the market price It's possible.
SDUSD is a cryptographic currency issued through the financing of NEO and other digital assets. It becomes a dollar-linked fixed asset like the tether (USDT). It will be set at a ratio of 1: 1, and if there is a deviation, the feedback mechanism adjusts the rate of change and stabilizes the exchange rate. If SDUSD goes beyond the legal currency value, it means adjusting the ratio to 1: 1 by adjusting the supply relationship.
Outsiders will be able to receive 1: 1 SDUSD with SDBOND as collateral according to the collateral. I do not know what SDBOND means, but it seems to mean the value of the collateral out of the market. This is said to provide a credit line.
However, we assume that there is a possibility that the asset may become unstable if market vulnerability or participants are unreasonable. Because it is an early application stage, there is a large discrepancy between regulation and acceptance, and there is volatility in digital assets. To avoid this situation, Alcheminet is trying to reduce the debt ceiling and prepare measures to increase mortgage rates and other risk management measures in the short term.
The establishment of a risk warning system, and an attempt to analyze the risk of devaluation.
There are four main categories, which are:
• The collateral risks to the Alchemist intrinsic mechanisms (eg, changes in the value of SDUSD)
• Risk of fluctuation in collateral value (Neo value and technological change)
• Systemic risk of digital assets (supervision of digital assets, etc.)
• If the risk of an actual financial system affects (Nasdaq, dollar issues, etc.)
We are constantly monitoring the risks for managing them and will build an early warning system.
SDT is a functional coin for Alchemist and is a token of Alchemist operation. It is a coin that goes into the private, pre-sale, and is used to repay the security of the SAT when paying the fee.
The total usage of SDT is decreasing with decreasing usage, and when paying with SDT, it is said that part of the total amount of SDT paid out is lost.
You also have the right to vote on the committee elections of the Governance Committee. I want to build a voting mechanism through A.I's automation.
The Governance Committee is composed of financial and technical experts, and is responsible for coordinating the Alchemist systems such as debt ceilings, mortgage loans, etc. according to market conditions.
And to add or modify things to be included in Alchemist's secured assets, and to take decisions such as suspending or resuming Alchemist's system in the financial crisis of the Blackhawk theory.
Roadmap.
2017.11: The project was launched and the website was announced in February 2018.
We completed SDT development in March 2018.
- We will launch a test net in June to support browser wallet and asset security.
We are going to release the main net in September 2018, and we are going to conduct an open test on the app wallet and the million dollar debt.
In November 2018 we will be releasing version 1.0 of Alchemist and releasing the risk figures and SDUSD.
We are launching Alchemist 2.0 in April 2019 to implement multi-asset collateral and market forecasting mechanisms.
In October 2019, we will provide stabilization coins worth US $ 10 million to support digital asset valuation and international exchange markets.
In January 2020, we will reorganize the block chain and support loans, payments, and financing based on the stabilizing coin of the financial system.
In June 2020 we will develop Alchemist 3.0 to announce the amount of stabilizing coins.
In January 2021, we will put a $ 100 billion stabilization coin on the market.
A team of Alchemist.
Zhang Ting, head of the Alchemist, is a CFA expert. I could not find it in LinkedIn, and Google could not find the material because of the same name.
It is assumed that he is an expert in the finance field, mainly focusing on online banking business and being CEO of the community finance platform. It seems to know well about supply, liquidity and so on.
Qi Feng, CTO, worked as a senior consultant in the finance department at Neusoft Group, a China-based Internet technology and soft-nessing multinational. He was also a part of E-Commerce at Sinosoft, which develops application software solutions, carbon management solutions and e-goverment solutions in Hong Kong. I worked. It seems to have studied mainly on e-commerce, on-line insurance, system development and digital asset experience and studied actively.
As a partner in Bitpoint, Digital Asset Manager, he is responsible for online operations and platform operations, which will help Alchemist manage digital assets.
Zhang Wei, Product Direct, has a master's degree in economics and finance and international finance. He has been involved in futures trading and derivatives since 2007 and has worked in investment management and risk management. From 2008 to 2016, he has worked for a large national bank in China and is expected to play a key role in the future of Alchymint's financial products.
Consultant. It looks like an advisor.
Sun Ming is an M & A expert and legal counsel for Fenbushi Capital.
Fenbushi is a professional investment enterprise that produces block chain investment and industry reports.
Professor Wang Yaming, who was a PhD researcher at Peking University and a professor of mathematics and finance.
He has a doctorate in mathematics and has written a number of papers on finance and finance, including financial investment and risk management.
Partners.
Fenbushi and Juxiu Captial, which are represented by consultants, and Neo Council, which supports block-chain technology, are key core investors. Securities companies that mainly deal with financial products such as BK Fund, Hayek Capital and Signal Ventures and block-chain investment companies such as Crypto Partners Capital As a partner.
Let's review the long reviews.
In fact, the analysis of Alchemist White Paper was more difficult than the other coins, there were too many concepts to understand and financial knowledge was necessary.
So I think people seem to be having difficulty.
Once NEO is the main axis, the technical part will be supported by NEO, so it seems to be fated with Neo. Or maybe AlkeMint will be able to get the stability of NEO by catching it and it will be different depending on how you support NEO in China in the future.
Alchemist calls the stabilizing coin SDUSD, which acts as a SAR and tether, to hold collateral assets. It is said that you can lend SDUSD as SAR as collateral. SDUSD tries to build a system to maintain internal and external stability and maintain price through external system called Oracle system and Alchemist. We also plan to build an early warning system and a warning warning index to cope with sudden market fluctuations.
It is a strength that the team member and the adviser are the people who are experienced in the recipe financial sector by explanation. The technical part is solved in the NEO. I can see that the problem is actually solved to some extent, but it is impossible to confirm whether there is such a career. If it is possible to solve this part, it will be a great coin The same.
Personally, I think there is a good chance that if the Alchemist is released and replaced by Tether, the NEO will become a keystay. We also set the ratio to USD at 1: 1, but because it is a coin from China, we plan to match the ratio with the Yuan according to the global economic fluctuation in the future.
Alchemist: http://alchemint.io/
Telegram: https://t.me/joinchat/HIoXxw7TYam4J_UkYZm-tQ
Facebook: https://www.facebook.com/alchemint.sdt.5?ref=br_rs
LinkedIn: https://www.linkedin.com/company/alchemint/
Open Koko: https://open.kakao.com/o/g42u8UH
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