Alchemy (ACH) Project Analysis

1. Research Comment

Alchemy is a payment blockchain project. The most important thing for a payment blockchain project is the cooperation with major merchants and the number of users. Alchemy so far has in-depth cooperation with Shopify, the world's leading e-commerce company, Binance, the leading crypto exchange, celo, a well-known blockchain project, and the travel app CÉ LA VI. There are more than 2 million contracted and reserved merchants and more than 3,000 actually used, with a large number of users and good running conditions.

2. Recent Flashpoint

Listing on the U.S. Coinbase Exchange

3. Project Introduction

Alchemy Pay is a decentralized, open source and privacy-protected payment protocol. The project provides merchants and consumers with a global payment system based on the Lightning Network chain, supporting the exchange of legal currency, mainstream digital currency, stable currency and other assets and maintaining high liquidity. It is by far the most comprehensive payment solution. Any tokens and assets can be traded at any time, and anyone can settle and withdraw anytime, anywhere.

4. Token Roles

• Incentive consumers' payment behavior
• Incentive merchants docking with Alchemy virtual currency payment system
• Rights to participate in project governance

5. Token Allocation

Total: 10 billion

• 18% Alchemy Pay Foundation: project continues to be developed and operated. Since the project was opened for secondary market transactions, it will be unlocked proportionally in 60 months until it is fully released
• 18% Public Offerings and IEO: projects start early R&D and market promotion. According to the situation of investors, the lock-up period shall be negotiated and agreed separately
• 5% Eco Incentives: incentives for early partners, developer communities, CTO alliance members, merchants, and users. Released in stages according to the milestones of the project plan signed with each ecosystem partners
• 2% Consultants and Important Supporters: commend the consultant team for their helpful suggestions for the project. Unlocking period is 24 months
• 6% Network Liquidity: provide liquidity support for the project node network; locked and not allowed to be invested in the secondary market. Lock it in internal circulation by restricting access
• 40% Mining: mining ACH through long-term and expanding transaction behavior. The unlocking starts in 6 months after ACH goes online, and it will be 5 years.
• 11% Mining: mining ACH through continuous participation in the financial ecosystem. The unlocking starts in 6 months after ACH goes online, and it will be 5 years.

6. Investment Institutions

Chain Capital, consensus-lab

CoinW Research

August 06, 2021