Alchemint Standards price is $0.00008561
The current price of Alchemint Standards (SDS) is $ 0.00008561, with an up or down trend over the last 24 hours of +67.62%. This means that its price has increased during the last day.
Alchemint Standards, commonly referred to as SDS, is a cryptocurrency token that belongs to the Alchemint platform, a decentralized stablecoin issuance platform based on the NEO blockchain. The SDS token is primarily used for management fees, and it plays a crucial role in maintaining the stability of the issued stablecoin.
The idea behind the Alchemint platform is to enable every individual to create stablecoin using cryptocurrencies as collateral, which is designed to solve problems such as price volatility. Its ultimate goal is creating a transparent, open, stable, and efficient monetary system.
The Alchemint Standards is a project developed by Alchemint, a company specialized in distributed ledger technology area. Although the names of the individual team members are not publicly available, the company is known for leveraging cutting-edge blockchain technology to provide fundamental technical services.
Alchemint Standards operates under the principles of cryptocurrency collateralization and smart contracts. Through its smart contract modules, referred to as SAR (Smart Assets Reserve), users can pledge their digital assets as collateral to receive a certain number of stablecoins.
The platform also utilizes the price feeding system and the automatic collateral liquidation mechanism to ensure the value stability of the issued cryptocurrency stablecoin. SDS tokens are an intrinsic part of this ecosystem and are used for transaction fees, contract collateral, and stability fees.
Alchemint Standards brings a unique combination of features and tools that seek to tackle volatility and other inherent problems in the world of cryptocurrencies. The platform leverages the power of blockchain and smart contract technology to create a system where stablecoins can be used securely and efficiently.
The fact that individuals can collateralize their digital assets to get stablecoins is quite unique. The overall goals of Alchemint Standards are to enhance transparency, openness, stability, and efficiency, which makes it stand apart from many other platforms.
The total supply of Alchemint Standards (SDS) is 1000.0M SDS. At the same time, the circulating supply at the moment is 317.9M SDS. Please note that these figures can vary due to token burns, new releases, or other factors affecting the circulating supply.
If you're interested in purchasing Alchemint Standards (SDS), it can be bought and sold on several exchanges. However, the trading volume and liquidity might vary drastically across platforms, so always proceed with caution. Remember, crypto investments are inherently risky, and it's essential to do your own research before getting involved.
While the SDS is a digital token associated with the Alchemint platform, taking the right steps to ensure its safety is crucial. Wallets designed to store cryptocurrencies are a good start. One may opt for hardware wallets for a higher level of security or software wallets for convenience. Always remember, digital assets should be stored safely to avoid theft and hacking.
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