Alchemy Pay (ACH)

What is Alchemy Pay?

Alchemy Pay is the utility token of a payment network designed for connecting fiat and cryptocurrency payment systems. The project was officially launched in the year 2020 by its founders John Tan and Shawn Shi. Because the specific consensus mechanism is not detailed in the provided data, the network operates primarily to facilitate digital payments across different financial environments. Its primary use case involves serving as a functional bridge between traditional fiat currencies and modern digital assets for various users. Within the broader cryptocurrency ecosystem, the ACH token functions alongside related digital assets like XRP, XLM, and CELO in the payments category.

How does Alchemy Pay work?

The Alchemy Pay network operates without a native consensus mechanism listed in the data, meaning it relies on a parent chain. This design allows the protocol to focus entirely on connecting fiat and cryptocurrency payment systems. By utilizing an underlying architecture, the system processes transactions while avoiding the overhead of a separate consensus model.

Network participants interact with the system primarily to facilitate exchanges between traditional money and digital assets. Since there are no specific miners or validators mentioned for ACH, users rely on the infrastructure of the underlying blockchain. This setup ensures that individuals and businesses can participate in the payment network without operating complex node hardware.

When a user initiates a transfer, the transaction flows through the network to convert digital funds into fiat currency. The settlement process relies on the utility token to pay for necessary operations and ensure funds reach their destination. This flow allows merchants and users to complete financial exchanges across different monetary systems.

Alchemy Pay use cases

Alchemy Pay tokenomics

The tokenomics of Alchemy Pay are defined by a specific supply structure that governs the availability of the ACH utility token. According to the provided data, the circulating supply of the token currently stands at 9999999999.99999 ACH. This circulating amount represents the portion of tokens that are actively available for use within the payment network connecting fiat and cryptocurrency systems. Furthermore, the protocol has an established maximum supply capped at 15346246088 tokens. Because there is no native consensus mechanism detailed in the data, the issuance and management of this supply likely depend on the rules of its underlying parent chain. This fixed maximum supply model implies that no additional tokens can be created once the cap of 15346246088 is reached, providing a clear limit on the total number of assets in existence.

Alchemy Pay price history & milestones

Alchemy Pay officially launched in the year 2020 to begin connecting fiat and cryptocurrency payment systems. During its time on the open market, the ACH token reached its all-time high price of $0.1975 on August 6, 2021. Conversely, the digital asset recorded its all-time low price of $0.001338 just a few weeks prior on July 20, 2021. These historical price points represent the absolute maximum and minimum valuation levels the utility token has experienced since its initial introduction to the cryptocurrency space. Today, the token continues to operate within the digital asset sector, currently holding a market rank of 415 among all tracked cryptocurrencies.