Alchemy Pay (ACH)
Alchemy Pay (ACH) is a platform that connects fiat and cryptocurrency economies, allowing businesses to accept crypto payments and providing users with access to crypto and Web3 services. It aims to serve as a bridge between traditional and digital currencies, promoting cryptocurrency adoption worldwide.
Overview
Established in Singapore in 2017, Alchemy Pay operates as a payment solutions provider, bridging the gap between fiat and cryptocurrency economies in 173 countries. It offers various services, including on-and-off ramps for crypto and fiat, white-label crypto card solutions, and NFT checkout. The ACH token is integral to its network. Partnering with enterprises like Binance and Shopify, Alchemy Pay facilitates secure and cost-effective transactions. It is also a founding member of the Blockchain Infrastructure Alliance and a part of the Singapore Blockchain Association, contributing to blockchain literacy and talent development.
| Ticker | ACH |
| Category | BNB Chain Ecosystem |
| Website | https://alchemypay.org/ |
| @AlchemyPay | |
| Telegram | Alchemy_official |
| Contract Addresses | |
|---|---|
| ethereum | 0xed...3d Copied! |
| binance-smart-chain | 0xbc...6dCopied! |
Anti-fraud solutions
Alchemy Pay emphasizes security by implementing fraud prevention measures and collaborating with KYC and AML providers. The Alchemy Pay Ramp Solution is a non-custodial payment gateway, ensuring secure asset transfers to users' wallets. It uses Forter's anti-fraud solutions to prevent fraudulent activities and Sumsub's KYC and AML services for compliance.
Treasury
Alchemy Pay's merchant management system allows users to view and configure supported cryptocurrencies and networks. Users can request the inclusion of new tokens by providing necessary details. Supported exchanges include Binance, Kucoin, OKX, UniswapV2, and PancakeV2. Users can also act as liquidity providers, supplying an API for token price acquisition.
Products
Alchemy Pay on-ramp
Alchemy Pay offers an on-ramp service, enabling users to purchase cryptocurrency with fiat through various payment methods. With over 300 fiat payment rails, it supports deposits using local and global methods across different services. Security measures like ID verification and KYC are prioritized.
Alchemy Pay off-ramp
The off-ramp feature allows users to convert cryptocurrency into local fiat currency, facilitating direct bank transfers globally. This service simplifies the conversion process and provides quick fiat payouts, enhancing user experience and attracting mainstream users to Web3 technology.
Alchemy Pay NFT check-out
Alchemy Pay's NFT Checkout simplifies NFT purchasing by enabling payments through credit, debit cards, and local methods from 173 countries. It supports both primary sales and secondary trading, offering secure access to NFTs without complex crypto transactions.
Alchemy Pay crypto card
Alchemy Pay helps businesses issue branded crypto cards in physical and virtual forms. These cards can be funded with cryptocurrencies and used globally for transactions, similar to traditional payment methods. The solution offers customized cards and flexible top-up options.
Alchemy Pay crypto payment
The crypto payment solution enables businesses to accept cryptocurrency globally, including Bitcoin and other major cryptocurrencies. It simplifies the payment process and converts crypto payments into local currency, supporting enterprises and merchants in accessing the cryptocurrency market.
Tokenomics
Alchemy Pay Token ($ACH)
ACH is an ERC20 utility token on the Ethereum blockchain, crucial within the Alchemy Pay network for transaction fees, network incentives, and cost reduction. It is available on exchanges like Binance, Coinbase, and Huobi. With a capped supply of 10 billion tokens, ACH facilitates seamless transactions between crypto and fiat.
Utility
- For Businesses: ACH tokens facilitate crypto-fiat transactions in B2C and B2B scenarios, supporting platforms like exchanges and retail stores.
- For Institutions: ACH supports financial institutions in offering crypto investment services by enabling fiat-crypto exchanges.
- For Individuals: ACH enables access to various crypto-fiat services, including shopping, investment, and staking, on crypto-linked cards and applications.
Allocation
As of April 2024, Alchemy Pay's ACH token has a circulating supply of 7,501,454,432 coins.
Token Utility Allocation (62% Total):
- Enterprise Transaction Rewards (40%): Rewards enterprises using Alchemy Pay's payment channels.
- Consumer Transaction Rewards (11%): Rewards consumers for transactions through Alchemy Pay.
- DeFi Transaction Rewards (11%): Rewards transactions within the Alchemy Pay DeFi ecosystem.
- Transaction Mobility (6%): Facilitates timely transfers of ACH.
- Enterprise Partners (5%): Incentivizes early enterprise partners.
Stakeholders Allocation (38% Total):
- Team (18%): Supports market expansion and growth.
- Backers (18%): Funds early development, marketing, and operations.
- Advisors (2%): Incentivizes the board of advisors.
Global ambassador program
Launched on December 8, 2022, the Global Ambassador Program seeks crypto enthusiasts to support Alchemy Pay's global growth. Ambassadors represent the platform at events, identify partnerships, and engage with communities. Eligible candidates require basic crypto knowledge and community management experience. Ambassadors receive a monthly salary and bonuses, with opportunities to gain industry insights.