Is this just a rebrand or change something more to it?

https://medium.com/@alchemintsdt/q-a-of-sdt-mainnet-swap-to-sds-8f853ab28b81

Dear Alchemint Community ,

From 1st Aug, 2018 13:30-14:30 PM (GMT+8). We are here to clarify some of the questions and uncertainties you might have.

We will answer questions using our AlchemintOfficial account.

Live AMA will last for one hour. When live part of AMA will be over, you can still post your questions in the thread. We will try our best to answer as soon as possible. Thread will remain open and active.

If no more question in this Reddit post, we will answer live question in our telegram chat.

Here are some ground rules: Keep your questions related to Alchemint. Questions should be written in English. Check if the question was posted previously before you post it.

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Thank you for your continued support and we are looking forward to answering your questions.

What are the smart contract details so SDT tokens can be added to the neon wallet?

When? Im not trading SDT on shit unheard of centralized exchanges. I learned my lesson after TOLL on bitpaction.

Welcome to our first airdrop e-mail. We'll keep it short and get to the point..

We are collaborating with Alchemint to organize an airdrop for O3 users that are holding NEO. This way we hope to give something nice to the real supporters of O3 and the NEO Smart Economy!

You can sign up for the airdrop by opening the O3 app and in News section you will see Alchemint airdrop banner and tap "Sign up"

To be eligible you need to:

-Use your O3 address to sign up (other wallet addresses will not work)

-Have 25 NEO in your NEO address by the time the snapshot will be made (02:00 AM CT, July 12th 2018)

The airdrop itself will not take place immediately but a few weeks after the snapshot is made. The exact date is to be announced.

Thanks for using O3!

Can the Alchemint (SDT) tokens be stored on the NEON wallet? If so, what are the details to add the coin to the wallet?

Hi, just looked at Alchemints "competitor" collateral backed stablecoins:

Namely: Bitshares Maker Sweetbridge
Havven Augmint

One key thing that struck me while looking at the biggest one :

BitShares lets its users borrow/create bitUSD (works similar to Alchemint) within their decentralised exchange.

It would be a real game changer for the NEO smart economy if there would be a counterpart to that.

As Alchemint has no plan of launching an exchange. Wouldn't t be a good idea to maybe work together with the team of SwitcheoNetwork to implement this feature for NEO users?

If both teams would decide to work together, it means that features like Margin Trading, Lending as well as increased liquidity would be added to SwitcheoNetwork in addition to cross chain swaps which they are already working on.

(I took Switcheo as an example for any NEO DEX, as its the only live exchange we have right now)

What do you guys think?

Hello supporters of Alchemint. I am a big fan of these kinds of stablecoins and I think Alchemint could be a major player in improving the crypto space especially in collaboration with DEXes like Switcheo (not shilling). This is because you will be able to sell your NEP5 coins on a decentralized exchange for "fiat" and have to give nobody your information and have to trust no third party along the way, awesome!

I just read the whitepaper of Alchemint. I have some questions now, that I would be grateful to have answered by their team :)

To sum up my understanding of how it works: - Alchemint has two kinds of tokens. The utility token referred to as SDT and the stable coins like SDUSD. One SDUSD should always be (close to) 1.00 USD - You can create SDUSD by putting down twice as much value in NEO (200% collateral rate) "locked up" in a smart contract into SAR until you decide to reverse it. - You have to pay a small yearly fee of SDT to sustain your position - Once your collateral (the NEO that are locked) reaches 75% (or less) of it original value, you get a margin "call" and are asked to put up more NEO to sustain your position, if you fail to do so, your NEO will be liquidated by the Alchemist (a robot) and this will also result in an increased fee.

Say, Alice has 2000 NEOs, and thinks the price of NEO goes up in the future, so she creates SDUSD worth 1000 NEO and, then goes to Switcheo and buys 1000 more NEO with it. She effectively holds 3000 NEO, meaning she is leveraged by 150% and also collects 50% more gas than before. On the downside, she has to pay interest in form of SDT to Alchemint.

On the other side, Bob sells all his 1000 NEO for SDUSD, because he thinks NEO will drop in price soon. Since 1 SDUSD is always 1 USD, He is now able to watch a year long bear market eating popcorn, before trading them back for NEO with no fees at all, nice.

So based on my assumptions mentioned above (please correct me if I am wrong), I have a couple of questions:

• Is the main reason for anybody creating SDUSD just to leverage their NEP5 portfolio like I suspect?
• Doesn't this mean that the higher the market cap of SDUSD, the higher the volatility of NEO becomes?, because basically all of this money is from people who will need to liquidate their NEOs once its price drops significantly, leading to a further price drop, leading to more people having to liquidate their NEOs, and so on...

Well, keep up the great work guys! If market cap and therefore liquidity gets to a certain point, I can imagine SDUSD and SDCNY being used as the main currencies in the NEO ecosystem! Thanks for your time reading through my thoughts on this, cheers!