ALCHEMY
THE GLOBAL PAYMENT SOLUTION
About
The Blockchain has made the method of payment easier and faster as the use of traditional methods which include banks can’t perform up to the blockchain. The centralized method of banks make it more complicated and less faster as it goes through an intermediary from the sender to the receiver. Transactions made with banks are also not transparent enough as their records are being lost in today’s world. Another disadvantage of banks are the huge fees they charge this has been cumbersome and has lead to many hoping to see a better future technology.
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.
Products
Usage Features
- Online and Offline, Cross-Border and Cross-Chain Transactions
- Fast and Secure Transactions with scaling solutions
- Machine learning and AI to mitigate fraud risk
- Self-governing community ecosystem
- Incentives to encourage loyalty and encourage activities on Alchemy’s platform
- Flexible payment models available to support industry needs
Technical Features
- Alchemy payment consensus protocol can be deployed seamlessly on various public blockchains to enable acceptance of any cryptocurrencies
- Flexible payment models available to support industry needs, including PULLPAY (merchant to scan user) to meet a variety of subscription-based and recurring payment requests
- Support scaling solutions such as Lightning Network, Raiden Network, State Channel Network as well as Cross-Chain Payments
- Machine learning and AI to mitigate fraud risk and enhance security of network and dynamic strategies to hedge depreciation risk of cryptocurrency price
Advantages
- Alchemy payment consensus protocol can be deployed on various public blockchains, for example, Bitcoin, Ethereum, Stellar, EOS, Vite, etc., and at the same time, integrate Layer 2 payment solutions including Lightning Network, Raiden Network and State Channel Network.
- Alchemy providesoffline cryptocurrecny acceptance solutions over smart POS and mobile devices, online cryptocurrency payment gateway, and fast access to various applications for online API, SDK and mainstream plugins, for example, wordpress, magento, zencart, etc.
- Pioneering in PULLPAY protocol in the payment industry: Supporting blockchain to reauthorize two payment methods — PULLPAY and lightning network PULLPAY — to meet the needs of various scenarios in online and offline subscription.
- Offering payment and settlement solutions from crypto to fiat and from fiat to crypto.
- Providing an integrated solution for State Channel Network.
Alchemy Token
ACH is the token of whole Alchemy system. It has a total volume of 10 Billion and no secondary offerings. It is required for deposit of new merchant access and onchain governance. Meanwhile, merchants and payers collect ACH token bonus thru paying. Alchemy distribute most of the commission income to ACH holders.
ACH holders have the right, and should to, take part in onchain governance activities.
ACH Distribution
Alchemy Team: 18%
Private placement and IEO: 18%
Ecosystem Incentives: 5%
Consulting Fees: 2%
Network mobility: 6%
Mining (Payment rewards): 51%
Use of Proceed
R&D: 40%
Cyber Security: 5%
Legal & Compliance: 10%
Operation Support: 10%
Marketing: 10%
ACHPAY Fund: 25%
Roadmap
Q1-Q3 2019
P1: Smart POS integration for accepting payments in cryptocurrency
P2: Payment acceptance on Lightning Network MVP
P3: PULLPAY MVP
S1: Offline payment acceptance solutions for cryptocurrency
S2: Merchant POC for offline payment acceptance
Q4 2019
P4: Magento, WordPress, WooCommerce, Prestashop, Opencart, Zencart, etc. Shopping Cart Payment Plugin
P5: PULLPAY V0.5
P6: Bitcoin P2P Purchase APP v0.5
S3: Merchant POC for online payment
S4: Online digital entertainment solutions v1.0 is released
Q1 2020
P7: Alchemy Hub v0.5 is released ( support Raiden Network and State Channel)
P8: Alchemy Hub APP V0.5 is released ( support Raiden Network and State Channel)
P9: Bitcoin P2P Purchase APP v1.0
P10: PULLPAY V0.8
C1: Community working group of Alchemy consensus protocol is establishedC2: Alchemy Consensus Protocol v0.5 is released
Q2 2020
P11: Alchemy Hub v1.0 is released
P12: Alchemy Hub APP v0.5 is released ( support PULLPAY)
P13: PULLPAY V1.0
S5: Online digital entertainment subscription PULLPAY solution
S6: Merchant POC for online digital entertainment subscription PULLPAY solution
Q3 2020
P14: Alchemy Hub v1.5 is released
P15: Alchemy Hub APP V1.5 is released
P16: PULLPAY V1.5
S7: Multinational centralized payment acceptance solutions
Q4 2020
P17: Alchemy Hub v2.0 is released
P18: Alchemy Hub APP v2.0 is released
P19: PULLPAY V2.0
S7: Alchemy Consensus Protocol v1.0 is released
Q1 2021
Cooperate with business development, continue to iterate related products, solutions and Alchemy Consensus Protocol
Team
Founding Team
Patrick NGAN: CEO
Bin LIU: Partner / Project Management
Janet KIM: Partner/Strategy
Shawn SHI: Partner/Products
Lance XU: Partner/Operations
Technical Team
Chuan LIANG: Director of Payment Technology
Huarong NIU: Director of Communication Technology
Kai WANG: Director of Blockchain Technology
KT SOH: Head of Singapore Technology Team
Ryan TIPONES: Head of Philippines Technology Team
Kim-Aun GAN: Head of Thailand Technology Team
Business Team
Judy LI: Director of Strategy & Operations
Erica LAM: Director of Business Development
Angie LI: Head of North Asia
Glen LEONG: Head of SE Asia
John TAN: Head of Key Client Servicing
Consultants & Investors
Dr. Justin ZHAN: Scientist of Big Data and Cryptography
Sean MOSS-PULTZ: Scientist of Blockchain Security
Yan MU: Well-known Entrepreneur
Seema Khinda JOHNSON: Scientist of Blockchain Security
Natasha LV: Senior Compliance Expert
Alan TIEN: Product Innovation Expert
Kai Yee GOH: Cross-border Remitttance Expert
Lin LI: Strategic Development Expert
For More Information Click Link Bellow:
- 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://www.facebook.com/AlchemyGPS/
- Twitter: https://twitter.com/Alchemygps
AUTHOR
BTT username: Mr.Noda
BTT profile link : https://bitcointalk.org/index.php?action=profile;u=1297923
ETH: 0x623bFCc35F32F8B8ca3ce795f932018d7DeC3E92
