Pay for Goods With Crypto or Fiat Via Alchemy Hybrid Global Payment Solution
In order to fulfill its goals of creating a fast and secure payment, Alchemy created a token. It has its whole Alchemy system as ACH. And it has no secondary offerings with a whopping 10 billion token. Part of those who needed ACH token the most are the merchants. They need it for payment to participate in government node network and blockchain payment system.
Functions and Benefits of ACH Nodes
ACH holders have the right to participate in on-chain governance. The paying participants who are mostly merchants and the payers will receive most of the ACH token distribution that will be distributed by alchemy. In this blockchain system, Alchemy formulates a policy that allocates a running node to every merchant that is running a payment terminal.
A token is usually awarded to the node after a successful transaction. The amount of ACH tokens that will be assigned to the node is determined by the volume of transactions. The node can also determine the percentage it will give itself and the payer.
Token Simulation System
Alchemy can achieve massive adoption at both the regional and global level. Therefore, it created the AHC reward of the Token Simulation system. The alchemy simulation system will vary according to country, region, merchant class, consumer class.
What are the Usefulness and Benefits of The ACH token
ACH holders receive income distribution, which is the most important. Through the trend in the market and observations, Alchemy can make a decision on buying the ACH token from exchangers and burn them or distribute the token in other cryptocurrencies.
ACH also provides measures to prevent money laundering or other illegal payment. Some of its other uses include
• ACH act as an intermediary for the tokens issued by the ecosystem partners.
• ACH users enjoy a low fee transaction
• ACH acts as an anchor to simplify the calculation of service fees.
• The users and users will be rewarded with ACH token. Ecosystem partners and merchants and not left out too. And any individual that contributes to the ecosystem.
There are many other benefits and usage of the ACH token. You can reference the whitepaper to learn more.
ACH Token Allocation
2.5 billion out of the 10 billion ACH is open for distribution among various interests at the start. 5.1 billion will be distributed among users, which is 80% of the total token, and 1.8 billion are locked in an alchemy payment network to ensure the sustainability of the organization. The token allocation goes as follows:
18% — Alchemy Team
18% — Private placement
and IEO
5% — Ecosystem Incentives
2% — Consulting Fees
6% — Network mobility
51% — Mining Payment
rewards
Conclusion
Alchemy is an organization with incredible goals to revolutionize the payment system. They have a strong team with high expertise and experience, and that facilitates their goals. If you can ignore all risks, alchemy is worth investing in because it is a project with core focus on crypto adoption. It has partnered with alot of stores and companies in Asia to bring it closer to the people as well as plans put into expansion to Europe and America. So from all indices, alchemy project will record a high amount of traffic and thus drive the prices positive for investors.
Important links on Alchemy Are:
Whitepaper — https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf
Website — https://www.achpay.org/alchemy_english.html
Writer — Grumbled
