What Is Alchemy (ACOIN)?

Alchemy (ACOIN)  is a decentralized trading model training protocol. According to its whitepaper, an on-chain assured encryption process and random forest deep learning algorithm is powered by an on-chain assured encryption process. Encryption refers to securing digital data using multiple mathematical methods with a password to decode the information. Alchemy creates a unique algorithm training system using a decentralized decision-model algorithm and the signal of data sample feedback to modify the model. The network aims to help typical users make quick decision-making techniques in complex acquisition environments. In the future, Alchemy desires to officially launch the public version of Alchemy AI. 

Further, ACOIN is a native token of the Alchemy platform. The ACOIN token tends to participate in the platform's management in two distinct identities.

• The first stage-model training period: ACOIN token is utilized as a signal in the initial stages of model structuring and training. ACOIN token quantity is a specific process indicator. Simultaneously, nodes receive related coin rewards to convey transaction decision data for model modification. A cryptocurrency node is a performer in the blockchain network. The platform tends to use the number of ACOIN as an alert and then combine the Gini coefficient and the transaction training set. The Gini coefficient is the repeatedly used measure of economic inequality.

• The second stage-model application period: After the model training, the partly perfected model tends to open to the users of the external system. Users are supposed to pay ACOIN tokens to get the rights to use Alchemy. However, the data model of the training set is utilized to pledge for the voting process. Alchemy Coin has executed a strict deflation mechanism with the focus on encouraging every individual to be careful in trading. Thus, with each transfer of ACOIN, 1 percent of the transaction amounts get destroyed.

The core team of the Alchemy platform is comprised of Daniel Yeo, Neil Bryant, and Rodian Mikhalev. The token's total supply is 98,632,529.747163394125 ACOIN tokens.