Alchemy

Alchemy

Ninejera

Alchemy

TOKEN THAT PROVIDE OPEN SOURCE PROTOCOL


What is Alchemy?

Speculative chemistry is a major provider of payment and innovation agreements in the field of digital money in the Asia-Pacific region, which attracts a combination of cryptocurrency platforms and agreements to work on the Internet and different suppliers quickly, safely and profitably.

The concept of Alchemy Global Payment Solutions Limited (Alchemy is a trademark of Alchemy Global Payment Solutions Limited, while ACH is a token provided by Alchemy and used as a brief summary below), is to provide open source protocols and rapid promotion of goods. stages for biological system accomplices to help them with a fast, secure, useful, adaptable and fast-growing global payment mechanism, taking into account decentralization, skilled agreements and coordinating tools from blockchain innovation.

Electronic payment systems are a way to make transactions or pay for goods and services through electronic media without using checks or fiat, also called online payment systems. This is a form of payment that is increasingly popular with business owners for their customers. Over time, payment processing tools have been introduced in an effort to improve, enhance and offer secure electronic payment transactions.

Having a small business, I can really relate to the convenience of an electronic payment system. Some of the benefits of this system include:

✅

 Transactions are done in just minutes which makes it very efficient and effective, because I don’t need to waste my customer’s time.

✅

 All transaction costs have decreased greatly, which means more customers for my business.

✅

 Adding payments to my company’s website is simple, and I only need a few minutes to start processing payments online.

✅

 The security of electronic payment systems is relatively better compared to cash payments.

Although this form of payment is popular, I have come to see various problems that affect this entire space. I talk about the fact that the electronic payment network has become a centralized giant. This has become a playground for ‘giants’ to implement strict and complex rules and access mechanisms.

The level at which corruption spreads in this network is alarming, which results in payment innovation being less efficient, complications in the level of payments and very high risks. However, there is also the development of the cryptocurrency ecosystem and various industries that are developing with strong blockchain technology.

There may be a solution to this challenge that is disrupting electronic payment networks globally thanks to blockchain technology. I am all for the project that I will tell you because it will definitely improve the course of my small business.

VISION


NATURAL SOLUTIONS

The project aims to provide open-source protocols and fast product development platforms for participants in the ecosystem to help them find a fast, convenient, secure, flexible, and fast-growing global payment solution.

This payment solution will be based on decentralization, consensus mechanism, and smart contracts all from strong blockchain technology. The Alchemy team and the eco partners guarantee that this is a project that will help the entire payment industry technology shift to the era of blockchain technology and use solutions where conventional payments are most used by traders.


The success of this project lies in the fact that the project is run by a team of professional and very experienced people who are very knowledgeable about the payment industry and operational experience. This project will take my small business to the next level and at the same time ensure full satisfaction of my customers.

Technology Benefits


  • The alchemy payment consensus protocol can be used on various public blockchain, for example, Bitcoin, Ethereum, Stellar, EOS, Vite, etc., And at the same time, integrating Layer 2 payment solutions including the Lightning Network, Raiden Network and the State Channel Network.
  • Alchemy provides

i) offline cryptocurrecny reception solutions through smart POS and mobile devices,

ii) online cryptocurrency payment gateway, and

iii) fast access to various applications for online APIs, SDKs and mainstream plugins, for example, wordpress, magento, zencart, etc.


  • Pioneering the PULLPAY protocol in the payment industry: Supports the blockchain to re-authorize two payment methods – PULLPAY and the PULLPAY express network – 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 integrated solutions for the State Channel Network.

The table below refers to a comparison between Alchemy Vs Existing Blockchain Payment Platform. Alchemy focuses on providing payment protocols and an open source development platform that enables payment companies to adopt them with faster and more affordable services.


  • Based on the Alchemy consensus payment protocol (Alchemy), partners can offer merchants cryptocurrency bill payment solutions, including SDK, Plugin, API and / or Gateway (one-stop fast access).
  • Supply and demand strategies based on Alchemy’s quantitative transaction risk model, real-time dynamic exchange rates, payments, currency conversions, and network mobility manage risks caused by large fluctuations in crypto currencies.
  • Based on Alchemy, two-tier network expansion schemes such as Lightning Network and Raiden Network are integrated and optimized to compete with fiat payments, speed up payments and improve experience, and popularize cryptocurrency.
  • Based on Alchemy, create a decentralized offline solution for interactions between fiat and cryptocurrency, and empower partners who have business networks / resources.
  • Alchemy can reward participants in its payment ecosystem by issuing and distributing tokens, which come from transaction profits and token reserves.

ROADMAP


  • Q1-Q3 2019

P1: Smart POS integration to accept payments in cryptocurrency

P2: Receipt of payment on the MVP Lightning Network

P3: PULLPAY MVP

S1: Offline payment receipt solutions for cryptocurrency

S2: POC Merchant for receiving payments offline

  • Q4 2019

Q4: Magento, WordPress, WooCommerce, Prestashop, Opencart, Zencart, etc. Shopping Cart Payment Plugin

P5: PULLPAY V0.5

Q6: APPLICATION for Purchasing Bitcoin P2P v0.5

S3: Merchant POC for online payments

S4: Online digital entertainment solution v1.0 released

  • Q1 2020

Q7: Alchemy Hub v0.5 released (supporting Raiden Network and State Channel)

Q8: Alchemy Hub APP V0.5 released (supports Raiden Network and State Channel)

Q9: Bitcoin P2P Purchase Application v1.0

P10: PULLPAY V0.8

C1: Alchemy consensus protocol community working group is formed C2: Alchemy Consensus protocol v0.5 released

  • Q2 2020

Q11: Alchemy Hub v1.0 released

Q12: Alchemy Hub APP v0.5 released (supports PULLPAY)

P13: PULLPAY V1.0

S5: PULLPAY Solutions subscribe to digital digital entertainment

S6: POC merchants for PULLPAY solutions subscribe to digital digital entertainment

  • Q3 2020

Q14: Alchemy Hub v1.5 released

Q15: Alchemy Hub APP V1.5 released

P16: PULLPAY V1.5

S7: Multinational centralized payment receipt solution

  • Q4 2020

Q17: Alchemy Hub v2.0 is released

Q18: Alchemy Hub APP v2.0 is released

P19: PULLPAY V2.0

S7: Alchemy Consensus Protocol v1.0 released

  • Q1 2021

Working closely with business development, it continues to turn to related products, solutions and the Alchemy Consensus Protocol

The actual distribution is found below:

The Alchemy Team: 18%

Personal placement and IEO: 18%

Ecosystem Incentives: 5%

Consultation Fee: 2%

Network mobility: 6%

Mining (prize payment): 51%

ACH distribution

6%: Network Mobility

2%: Consultation Fee

5%: Ecosystem Incentives

18%: Alchemy Team

51%: Mining (Payment Payment)

18%: Personal Placements & IEO

Funds Distribution

Security: 5%

Policy: 10%

Operation: 10%

Marketing: 10%

Alchemy Fund: 25%

Team

Patrick NGAN: CEO

Bin LIU: Partners / Project Management

Janet KIM: Partner / Strategy

Shawn SHI: Partner / Product

Lance XU: Partners / Operations

Technical Team

Chuan LIANG: Payment Technology Director

Huarong NIU: Director of Communication Technology

Kai WANG: Blockchain Technology Director

KT SOH: Head of the Singapore Technology Team

Ryan TIPONES: Head of the Philippine Technology Team

Kim-Aun GAN: Head of the Thai 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 Southeast Asia

John TAN: Head of Key Client Services

Consultant & Investor

Justin ZHAN: Big Data and Cryptography Scientist

Sean MOSS-PULTZ: Blockchain Security Scientist

Yan MU: Famous Entrepreneur

Seema Khinda JOHNSON: Blockchain Security Scientist

Natasha LV: Senior Compliance Expert

Alan TIEN: Product Innovation Specialist

Kai Yee GOH: Cross-border Remittance Expert

Lin LI: Strategic Development Specialist

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