![ACH](https://images.mudrex.com/ACH.png)
Alchemy Pay
ACH
Watchlist
₹1.48
LIVE
Watchlist
24H Low ₹1.45
24H High ₹1.53
Price of ACH today
The current live price of ACH today is ₹1.48, with a 24-hour trading volume of ₹35,00,82,575.81. Our ACH to INR price is updated in real-time. ACH has seen a increment of 1.94% in the last 24 hours. With a live market cap of ₹12,03,47,36,147.79 , the circulating supply is at 8,095,784,307 ACH coins, with a maximum supply of 10,000,000,000ACH coins.
Alchemy Pay Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.03 | 1.92% |
7 Days | -₹0.09 | 5.5% |
30 Days | -₹0.29 | 16.06% |
1 Year | ₹0.16 | 12.14% |
Alchemy Pay Price Information
Price Change (1hr)
1.4%
Price Change (24hr)
1.92%
Price Change (7d)
5.5%
Alchemy Pay Market Stats
Market Cap
₹12,03,47,36,147.79
Fully Diluted Market Cap
₹14,86,54,35,751.78
24hr Volume
₹35,00,82,575.81
18.19%
Circulating Supply
8095784306.72 ACH
Total Supply
10000000000 ACH
Things to know about Alchemy Pay
What is the token?
Alchemy Pay (ACH) is a hybrid crypto-fiat payment platform that aims to bridge the gap between traditional financial systems and the burgeoning world of cryptocurrencies. Founded in Singapore in 2018, Alchemy Pay provides a comprehensive solution for online and offline merchants to accept payments in fiat and cryptocurrencies. It facilitates easy onboarding to blockchain ecosystems and makes decentralized finance (DeFi) services more accessible. The platform supports operations in over 70 countries, offering more than 300 payment channels, and has established partnerships with major industry players like Binance, Shopify, NIUM, and QFPay. The native token of Alchemy Pay, ACH, is an ERC20 token on the Ethereum blockchain, playing a central role in the platform’s ecosystem.
Tokenomics
Alchemy Pay’s tokenomics are structured with a total and maximum supply of 10 billion ACH tokens. The initial distribution was divided into several categories: 62% of the tokens were allocated for utility purposes, including enterprise and consumer transaction rewards. The remaining 38% was allocated to stakeholders, with 18% going to the team, another 18% to backers who supported the project in its early stages, and 2% reserved for advisors.
Market Data
As of today #{today’s date}, the price of Alchemy Pay is ₹1.48 INR or 0.01644 USD, with a 24-hour trading volume of 3881181.55 USD. The market capitalization for Alchemy Pay is 133422795.43USD. The circulating supply is 8095784306.72 Alchemy Pay, with the total supply also being 10000000000 Alchemy Pay.
Token Pros and Cons
Pros:
Wide Adoption and Partnerships
: Alchemy Pay’s partnerships with major industry players enhance its credibility and potential for widespread adoption.
Hybrid Payment Solution
: The platform’s ability to process fiat and crypto payments makes it versatile and appealing to a broad audience.
Global Reach
: Supported in over 70 countries, Alchemy Pay has a significant international footprint.
Ease of Use
: The platform offers user-friendly payment solutions, facilitating the adoption of crypto payments among merchants and consumers.
Incentive Structure
: ACH tokenomics incentivizes merchants and consumers to participate in the ecosystem.
Cons:
Market Volatility
: As with any cryptocurrency, ACH is subject to market volatility, which can affect its value.
Regulatory Uncertainty
: The global regulatory landscape for cryptocurrencies is still evolving, which could impact Alchemy Pay’s operations.
Competition
: The payment gateway market is highly competitive, with several established players.
Dependence on Ethereum
: Being an ERC20 token, ACH’s performance is tied to the Ethereum network, which can sometimes experience congestion and high fees.
Adoption Barriers
: Despite its advantages, there may still be barriers to adoption among traditional merchants unfamiliar with cryptocurrencies.
Why Should You Invest in the Coin
Strong Partnerships
: Alchemy Pay’s collaborations with key industry players could drive its growth and increase the utility of ACH.
Market Potential
: The platform addresses a growing demand for crypto payment solutions, indicating a promising market potential.
Innovative Solution
: Alchemy Pay’s hybrid payment system is innovative, offering a unique value proposition in the crypto payment space.
Global Expansion
: The platform’s extensive global reach and support for multiple payment channels present significant growth opportunities.
Active Development
: Continuous development and expansion of services suggest a commitment to maintaining and enhancing the platform’s value.
USP of the Coin
Hybrid Payment System
: Alchemy Pay’s ability to seamlessly integrate fiat and crypto payments sets it apart from competitors.
Extensive Global Reach
: The platform’s operation in over 70 countries with numerous payment channels offers unparalleled accessibility.
Strong Industry Partnerships
: Collaborations with significant companies like Binance and Shopify enhance its credibility and utility.
The Problem the Coin is Solving
Alchemy Pay aims to solve the problem of integrating crypto payments into the mainstream financial system. It bridges traditional fiat payment methods and cryptocurrencies, making it easier for merchants and consumers to transact using digital assets. This facilitates the broader adoption of cryptocurrencies and access to DeFi services.
Founder and Team Background
Shawn Shi and Molly Zheng co-founded Alchemy Pay. Shawn Shi, the chairman, has a background in technology and marketing, having worked as vice president of technology at ZhongAn and head of marketing at Qihoo 360. CEO John Tan brings experience from the payments industry and consultancy, having worked with Fortune 500 companies. The team comprises around 60 members with diverse expertise in payments, technology, and strategy.
ICO Price
Alchemy Pay raised $10 million at a $400 million valuation from market maker DWF Labs. This investment aimed to expand its business, particularly in South Korea, and to capitalize on the country’s high level of crypto acceptance.
Risks Associated with Investing in the Coin
Regulatory Risks
: Changes in cryptocurrency regulations could impact Alchemy Pay’s operations and the value of ACH.
Competition
: The presence of strong competitors in the payment gateway market could limit Alchemy Pay’s growth.
Market Volatility
: The inherent volatility of the cryptocurrency market can lead to significant fluctuations in ACH’s value.
Technical Risks
: Dependence on the Ethereum blockchain exposes ACH to potential scalability issues and high transaction fees.
Adoption Challenges
: Convincing traditional merchants to adopt crypto payment solutions may be challenging, affecting the platform’s growth.
Summary of the Whitepaper
The Alchemy Pay whitepaper outlines the platform’s vision to bridge the gap between fiat and cryptocurrencies, providing a comprehensive payment solution that supports online and offline transactions. It emphasizes the importance of making DeFi services accessible and simplifying the payment process for merchants and consumers. The whitepaper details the tokenomics of ACH, explaining how the token incentivizes participation in the ecosystem. It also discusses the platform’s security measures, integration capabilities, and the strategic partnerships that enhance its utility and adoption. The document highlights Alchemy Pay’s global reach and commitment to fostering the widespread use of cryptocurrencies in everyday transactions. Through its innovative hybrid payment system, Alchemy Pay aims to address the challenges of crypto payment adoption and facilitate a smoother transition to a decentralized financial system.
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ACH to Converter
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![ACH](https://images.mudrex.com/ACH.png)
ACH
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Price as per 11:40 PM • 07 Sep 2024
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What is the price of Alchemy Pay (ACH)?
The current price of Alchemy Pay (ACH) in INR is ₹1.48 INR.
What is the current ACH market cap?
The current market capitalization of Alchemy Pay (ACH) is ₹12,03,47,36,147.79 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of ACH by the number of coins in circulation.
What is the current supply of Alchemy Pay (ACH)?
The current supply of Alchemy Pay (ACH) is 8095784306.72 ACH. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of Alchemy Pay (ACH)?
The 24-hour trading volume of Alchemy Pay (ACH) in INR is ₹35,00,82,575.81. This figure represents the total value of all ACH transactions across various exchanges within the last 24 hours.
How to Buy Alchemy Pay (ACH) in India?
To buy Alchemy Pay (ACH) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in ACH.
Can I buy Alchemy Pay (ACH) with UPI?
Yes, you can buy Alchemy Pay (ACH) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert Alchemy Pay (ACH) to Indian Rupee (INR)?
To convert Alchemy Pay (ACH) to Indian Rupee (INR), you can use our ACH/INR conversion rates in real time.