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Alchemy Pay

ACH

4.5

Price
$0.0117
10/4/2022, 8:06:10 PM
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Market

Market stats

Market cap

$59.8M

Volume (24h)

$6.0M

Circulating supply

5.1B ACH

Typical hold time

37 days

Popularity

#129

All time high

$0.20

Price change (1h)

+0.15%

Price change (24h)

+0.21%

Price change (7d)

+1.19%

Trading activity

88% Buy0% Buy
12% Sell100% Sell

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Alchemy Pay is on the rise this week.

The price of Alchemy Pay has risen by 1.19% in the past 7 days. The price increased by 0.21% in the last 24 hours. In just the past hour, the price grew by 0.15%. The current price is $0.011741 per ACH. Alchemy Pay is 94.13% below the all time high of $0.20.

The current circulating supply is 5,082,155,932.356 ACH.

About

ACH is an Ethereum token that powers Alchemy Pay, a platform that enables payments using a wide variety of fiat and cryptocurrencies. Fees are paid using the ACH token and users can earn ACH rewards for purchases.

What Is Alchemy Pay (ACH)?

Alchemy Pay (ACH) is a hybrid payment system that aims to connect traditional and cryptocurrency economies. Alchemy Pay provides integrated gateway solutions for merchant networks, developers, and financial institutions, enabling seamless acceptance of traditional and crypto payments by making crypto purchases, commercial transactions, and DeFi services easily accessible to consumers and institutions.

According to the whitepaper, Alchemy Pay cites two major issues that it seeks to address. Regular payment methods are complicated, and linking traditional and crypto payments is difficult. When it comes to traditional finance's complicated payment processing system, the procedure involves many intermediaries, each of whom charges a fee for their services. It is critical to have faith in intermediaries to accomplish any deal. Security and privacy processes spend a significant amount of resources preserving this confidence. As a result, transaction fees typically amount to 30–50% of the whole transaction value, with cross-border transactions even more difficult. Since individuals are accustomed to making payments in traditional currencies, cryptocurrency is not accepted widely in day-to-day transactions. 

Alchemy Pay believes that a gradual transition to a decentralized world is more reasonable rather than replacing regular payments with crypto. Alchemy Pay intends to achieve this goal through crypto bridging and presenting a hybrid solution that is simple to use. The goal of Alchemy Pay is to use traditional currency to access blockchain services and value and cryptocurrency to access traditional finance services.

Alchemy Pay's main service is an all-in-one payment network for businesses. The platform allows users to make payments via traditional mobile wallets, cryptocurrencies, and credit cards in any system: offline (POS terminals and mobile devices), online, or through apps. Businesses can also choose to receive funds in traditional currency rather than cryptocurrency. The core idea is to merge traditional and cryptocurrency payments in merchant settlement systems that serve the following user categories: 

  • Payments on a B2C and B2B basis for businesses: Through hybrid payment gateways, the platform seeks to enable businesses to transact with both retail consumers and other businesses, for example, cryptocurrency exchanges, e-commerce platforms, and brick-and-mortar retailers.

  • Institutions: By facilitating the exchange between conventional currency and crypto, the platform aims to enable financial institutions such as banks and fund management firms to offer crypto trading services to their clients.

  • Individuals: Individuals can borrow, purchase traditional and crypto assets, earn yield by staking, and trade crypto assets directly through the platform. Users can stake, acquire, and pay fees in ACH tokens to drive the Alchemy Pay ecosystem's functions and bestow voting rights in token governance.

Elaborating on the token, ACH is the native token of the platform. The whitepaper mentions that the ACH token enables a comprehensive crypto-fiat transaction infrastructure, allowing businesses, organizations, and people to exchange major currencies and crypto assets easily. Transaction and processing fees are paid in traditional currency or via ACH. Choosing to pay fees via ACH will result in a variety of fee savings, which will vary depending on the terms and circumstances of the participants. Also, users' voting rights on major business decisions and protocol modifications are distributed proportionally to ACH holdings. The platform also expects non-governance voting scenarios, such as opinion surveys and various promotional contests, to be facilitated by ACH holdings. Both ACH holders and non-holders can be qualified and incentivized to vote (or participate in some form) in various initiatives and campaigns using ACH. Additionally, transaction and DeFi rewards are distributed through ACH. 

History of Alchemy Pay (ACH)

John Tan is the CEO of Alchemy Pay. He is a growth guru experienced in the business development of leading payment service providers and PR agencies. Shawn Shi is the chairman and cofounder and is a seasoned internet product entrepreneur with over ten years of expertise.

How Are New Alchemy Pay (ACH) Tokens Created & Staked?

Through Alchemy Pay's services, ecosystem partners such as crypto-exchanges, e-commerce platforms, payment businesses, and financial institutions purchase and lock up ACH as per their client network size and predicted transaction volume. Staked ACH can be restored right away if the partner's access to the service is revoked, or it can be forfeited in circumstances of unfair or fraudulent behavior. Stakers have access to several tiers of DeFi products and services based on the value and duration of the pledge. Through Alchemy Pay's crypto-linked card, which offers spending rebates, users can benefit from making payments in ACH. 

The total supply of ACH tokens is capped at 10,000,000,000 tokens. 

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Social

Alchemy Pay on social media.

Alchemy Pay was mentioned in 428 out of 1,299,617 social media posts on Twitter and Reddit on Oct 03, 2022. 207 unique individuals are talking about Alchemy Pay and it is ranked #284 in most mentions and activity from collected posts.

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Key indicators

Contributors

207 people

Posts

428 posts

Dominance

0.03%

Volume rank

#284

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FAQ

What is the current price of Alchemy Pay?

The price of 1 Alchemy Pay currently costs $0.0117.

What is the market cap of Alchemy Pay?

The current market cap of Alchemy Pay is $59.79M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Alchemy Pay?

The all-time high of Alchemy Pay is $0.20. This all-time high is highest price paid for Alchemy Pay since it was launched.

What is the 24 hour trading volume of Alchemy Pay?

Over the last 24 hours, the trading volume of Alchemy Pay is $6.03M.

What other assets are similar to Alchemy Pay?

Assets that have a similar market cap to Alchemy Pay include Liquity, Ellipsis, Fetch.ai, and many others. To see a full list, see our comparable market cap assets.

How many Alchemy Pay are there?

The current circulating supply of Alchemy Pay is 5.1 billion.

What is the typical holding time of Alchemy Pay?

The median time that Coinbase customers hold Alchemy Pay before selling it or sending it to another account or address is 37 days.

What is the relative popularity of Alchemy Pay?

Alchemy Pay ranks 54 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Alchemy Pay?

Currently, 88% of Coinbase users are buying Alchemy Pay. In other words, 88% of Coinbase customers have increased their net position in Alchemy Pay over the past 24 hours through trading.

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