What Is Alchemy Pay?

Alchemy Pay is a blockchain-based payment network that creating for solving e-trade problems. The project was launched by Nikil Viswanathan and Hoe Lau in 2018 in Singapur based. Alchemy Pay’s mission is occurring a hybrid crypto-fiat payment infrastructure that supporting through ACH Token.

This platform is divided into 4 main components: Payment, Network, DeFi, and Trust; Alchemy Pay is providing to its own users with some features like decentralized smart contracts, scalability solutions, on-chain analysis, and some DeFi services. Another purpose of the project is to process using coins and tokens, to realize some services like peer-to-peer transfers on blockchain networks using both their crypto and fiat.

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What Is ACH Token?

ACH Token is the native token on the Alchemy Pay ecosystem. The token has ERC-20 standards. ACH Token has a main role in using the crypto-fiat ecosystem and its services. The token was used for staking, rewarding, etc. In addition, users can vote using and staking their ACH tokens.

How Does It Work?

Every user needs ACH Token if they want to use this ecosystem and its application and services. Is there an available pledge system? The system is increasing ACH Token value. The system is encouraging traders and investors to stake and lock their own ACH Tokens. The tokens are able for refunding when they want that.

Additionally, there is available a main purpose of Alchemy Pay. That is becoming the main payment tool worldwide within all of fiat money and cryptocurrencies.

What Usage Areas Have Alchemy Pay?

These areas are:

• Transfer commissions
• Rewards for network usage
• Decreasing transaction fees

Alchemy Pay’s main purpose is to provide a fast payment and transaction atmosphere. That’s why the project is using 2 types of payment channels single and multiple payment channels. Alchemy is working with PullPay for multiple payments. In addition, the project is using artificial intelligence-based algorithms for providing channel security. The algorithm is preventing big price waves.

Payment Channels

• Visa
• Mastercard
• Apple Pay
• Google Pay
• Discover

If you want to learn more about that: Alchemy Pay Payment Channels

Partners

• Shopify
• Arcadier
• Pricerite
• Lawson
• Shoppy
• Aldo

Team

Alchemy Pay Tokenomics

Token distribution is like that: Team Alchemy Pay – 1.800.000.000 ACH (%18), IEO – 1.800.000.000 ACH (%18), Ecosystem encouragements –  500.000.000 ACH (%5), Advice and Consultant fees – 200.000.000 ACH (%2), Network movements 600.000.000 ACH (%6), Mining (Payment) – 4.000.000.000 ACH (40%), Mining (Fin-Eco) – 1.100.000.000 ACH (11%).

The token has a maximum supply of 10,000,000,000 ACH. Alchemy Pay’s market cap is $119.32 M USD and daily volume equals 5.57 million dollars. ACH Token’s current price is 0.018 USD.

How To Buy ACH Tokens?

You can use Binance, Gate.io, Bitget, and MEXC for buying and trading ACH tokens. If you don’t have an account, you can open it and get a %20 discount special for CoinEngineer followers.

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The post What Is Alchemy Pay (ACH)? How Does Work? appeared first on Coin Engineer.