Blockchain technology and cryptocurrencies have disrupted the industry entirely. It has completely transformed the business of large financial institutions, retailers, and international businesses, changing the way payments are conducted and fulfilled.
The world economic forum estimates that 10% of worldwide GDP will be stored using blockchain by 2027. Most of this will be captured within cryptocurrencies. Blockchain’s most popular feature, cryptocurrencies have emerged as a mysterious powerhouse that has left regulators, large institutions, and consumers all intrigued and confused. Cryptocurrencies are digital assets built to operate as typical currency but with the benefits of blockchain0 such as decentralization and a public ledger. Unlike traditional currencies, cryptocurrencies enable transactions to be quick, secure, and global. It also maintains and increases value over time without influence from major players in politics and capitalism.
With the overwhelming popularity of cryptocurrencies, financial institutes have been forced to change their attitudes and behavior towards this new technology, seeing blockchain as a necessity rather than a choice. Blockchain is revolutionizing the world of payments by fulfilling bank’s desire for faster processing, more detailed audit information and higher levels of security for increased efficiency and customer satisfaction.
Despite ruling the online world, cryptocurrencies have barely been used for the everyday payment and purchasing due to a number of complications with regulation and trust.
In the consumer’s eyes, cryptocurrencies are labeled as an asset by the government and thus, must be taxed at the capital gains rate rather than at transactional ones like sales tax which reduces the incentive to spend. In addition, the volatility of cryptocurrency has created a HODL, or “Hold On for Dear Life” attitude towards cryptocurrency as valuation of such currency continues to skyrocket.
Many startups have entered the scene of financial payments in an effort to ease and condense the complex process with advanced technology. Today I will be introducing you to a revolutionary platform which is the future from the crypto community and the world at large. Join me as we take a detailed look into Alchemy platform.
About Alchemy
Alchemy is a leading cryptocurrency payment solution and technology provider in Asia Pacific that powers online and offline merchants with fast, secure and convenient hybrid crypto-fiat payment systems and solutions.
The vision of Alchemy Global Payment Solutions Limited (Alchemy is the brand name of Alchemy Global Payment Solutions Limited while ACH is the Token issued by the Alchemy, and is used as the abbreviation below.) is to provide open source protocols and rapid product development platforms for the ecosystem partners to help them with fast, secure, convenient, flexible and fast-growing global payment solutions, based on the decentralization, smart contracts and consensus mechanisms from blockchain technology. Through the rich experiences of Alchemy and its eco-partners in mobile payment applications, the team is confident to lead the payment industry’s technology application in the blockchain era and to use the solutions where the traditional payment is popular with merchants.
VISION
Alchemy envisions that backed by decentralization, smart contracts and consensus mechanism of blockchain, Alchemy would enable payment industry players to embrace the new era of payment technology by fully utilizing a series of open source protocols and open R&D platform to improve the efficiency of cross-border payments; to provide merchants and customers with a faster, more secure, more convenient, and more flexible global payment solution.
Speculative chemistry is a main digital money payment arrangement and innovation supplier in the Asia Pacific that forces on the web and disconnected vendors with quick, secure and advantageous mixture crypto-fiat payment frameworks and arrangements.
The vision of Alchemy Global Payment Solutions Limited (Alchemy is the brand name of Alchemy Global Payment Solutions Limited while ACH is the Token given by the Alchemy, and is utilized as the condensing beneath.) is to give open-source protocols and quick item advancement stages for the biological system accomplices to assist them with quick, secure, helpful, adaptable and quickly developing worldwide payment arrangements, in view of the decentralization, shrewd agreements and accord instruments from blockchain innovation.
Through the rich encounters of Alchemy and its eco-accomplices in portable payment applications, the group is certain to lead the payment business' innovation application in the blockchain period and to utilize the arrangements where the conventional payment is well known with dealers.
Through decentralized brilliant agreement payment understandings and the motivating forces for the development abilities of different payment innovation organizations, the group expects to enact the human abundance of technical gifts, utilize the consent to arrive at the accord of the business network, and assurance the straightforward usage of standards with innovation, so the digital money can turn into a significant piece of the genuine exchange soon.
Speculative chemistry's quality lies in the group's profound comprehension of the payment business and operational experience. The group knows the worldwide payment innovation pattern of wallet payment, cross-outskirt obtaining, corporate finances accumulation, gathering answers for staggered circulation and other conventional payment programs. It has a great system in the tech network in Asian payments.
The Goal of Alchemy is to plan the payment protocol through network agreement, to manufacture a decentralized, trust controlled framework, to speed up the infiltration of digital currency into our day by day life; and above all to restore the privileges of payment to the shippers, the client, and the market.
One of the most crucial issues of customary payment systems is that legitimate FIAT monetary standards are the elite alternatives for exchanges. This at that point enables brought together organizations to hold control over the clearing and settlement forms.
As a decentralized open biological system, the Alchemy payment system gives access to different resources that can be sold, including however not restricted to different cryptographic forms of money, tokens, credit payments and purposes of credit specialist organizations, different types of computerized resources, and fiat monetary standards; at last opening up alternatives for exchanges and not restrain them to one single type of cash. We accept clients and dealers reserve the privilege to pick which cash to use for payment and repayments.
Technical Features
Speculative chemistry payment agreement protocol can be conveyed consistently on different open blockchains to empower the acknowledgment of any digital forms of money.
Adaptable payment models accessible to help industry needs, including PULLPAY (shipper to check client) to meet an assortment of membership-based and repeating payment demands.
Bolster scaling arrangements, for example, Lightning Network, Raiden Network, State Channel Network just as Cross-Chain Payments.
AI and AI to alleviate misrepresentation hazard and improve the security of the system and dynamic procedures to fence deterioration danger of cryptographic money cost.
Alchemy Token
- ACH
- ACH Nodes and Node Benefit
- The Use of ACH
Token Allocation
2.5 billion ACH token will be released at the start and 1.8 billion will be locked. 5.1 billion ACH tokens will be distributed to participants through the growing network and transaction mining. 6% of the total no. of tokens are locked in Alchemy payment network as lubrication to ensure flowability.
The actual distribution is found below:
- Alchemy Team: 18%
- Private placement and IEO: 18%
- Ecosystem Incentives: 5%
- Consulting Fees: 2%
- Network mobility: 6%
- Mining (Payment rewards): 51%
ACH Distribution
- 6%: Network Mobility
- 2%: Consulting Fees
- 5%: Ecosystem Incentives
- 18%: Alchemy Team
- 51%: Mining (Payment Rewards)
- 18%: Private Placement & IEO
Distribution of Funds
- R&D: 40%
- Security: 5%
- Policy : 10%
- Operation: 10%
- Marketing: 10%
- Alchemy Fund: 25%
ECOSYSTEM
ACH is the symbol of the entire Alchemy system. It has a total volume of 10 billion and has no secondary offers. This is necessary to introduce new trade access and chain management. Meanwhile, merchants and payers collect ACH bonuses through payment. Alchemy distributes most of the fee income to ACH holders.
ACH owners are entitled and should participate in chain management activities.
Most of the ACH token will be distributed among paying members who are sellers and payers most of the time. In this system, each merchant works on a node, how a payment terminal works. The money transfer is completed by the node and the node will receive a bonus after each successful transaction. The number of ACH tokens of this bonus is determined depending on the volume of the transaction. A node can determine the% distribution between players and itself.
2.5 billion ACH tokens will be issued at the beginning. 1.8 billion will be blocked. 5.1 billion ACH tokens will be distributed among participants through a growing network and transaction mining. 6% of the total number of tokens are blocked in the Alchemy payment network as a lubricant to ensure fluidity.
ROADMAP
PARTNERS
Alchemy is the solution to all of these problems with their state-of-the-art technological integrations which will bring the payment industry a new wave of development. This is a project which will help introduce the rest of the world to cryptocurrency. Blockchain is slowly but surely becoming a part of our daily lives and Alchemy is here to help that become a reality. The rights of payment need to be returned to the merchants, the customers, and the market. That is the power of decentralization!
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
- WEBSITE: https://www.achpay.org/alchemy_english.html
- WHITEPAPER: https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf
- TELEGRAM: https://t.me/alchemy_official
- FACEBOOK: https://m.facebook.com/AlchemyGPS/
- TWITTER: https://mobile.twitter.com/Alchemygps
- MEDIUM: https://medium.com/@alchemyGPS
By ( cotel )
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2573681
ETH Address : 0x5E088Eb333c0d58A80271B33533a7118EE660089
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