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Alchemy is on the decline this week.

The price of Alchemy has fallen by 3.57% in the past 7 days. The price increased by 1.61% in the last 24 hours. In just the past hour, the price grew by 0.18%. The current price is $0.0353 per ACOIN. Alchemy is 99.40% below the all time high of $5.90.

The current circulating supply is 0 ACOIN.


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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. 

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What is the current price of Alchemy?

We update our Alchemy to USD currency in real-time. Get the live price of Alchemy on Coinbase.

What is the market cap of Alchemy?

The current market cap of Alchemy is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Alchemy?

The all-time high of Alchemy is $5.90. This all-time high is highest price paid for Alchemy since it was launched.

What is the 24 hour trading volume of Alchemy?

Over the last 24 hours, the trading volume of Alchemy is $134.66K.

What other assets are similar to Alchemy?

Assets that have a similar market cap to Alchemy include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Alchemy are there?

The current circulating supply of Alchemy is 0.

Can I buy Alchemy on Coinbase?

Yes, Alchemy is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Alchemy guide.