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Author Topic: Is Alchemy Pay A Good Investment?  (Read 134 times)
Alexander Severus (OP)
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December 09, 2020, 04:20:42 AM
Last edit: December 09, 2020, 08:43:25 AM by Alexander Severus
 #1

I'm relatively new to the crypto space and have been looking for good low cap coins to invest in, and came across this project.

"Alchemy pioneered an all-in-one hybrid fiat and crypto payments system for businesses which can be deployed in any existing mainstream systems, be it offline (POS, payment terminals, mobile devices etc.), online or in-app to accept payments via fiat mobile wallets, cryptocurrencies and credit cards."

It only has 5 million marketcap, has been in development for a while and I think it looks like a good project from their website https://www.alchemytech.io
So what do you think?
MoreStamps.Global
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December 09, 2020, 04:51:03 AM
 #2

There a lot of projects with even lower supply than this one. Why did you pick this very specific project? My answer is NO to any such kind of project, especially where Chinese team is involved. I had invested a couple of projects with Chinese team all of them are eating dust as they stopped development. Such projects are TKY, TFOOD, KEY, QLC, SDS and many.

Instead invest blindly on BTC, ETH.

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Alexander Severus (OP)
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December 09, 2020, 06:07:49 AM
 #3

I chose it because I thought the team looked quite good with the experience quoted, and they look to have a quite impressive array of partnerships.
Also $5 million 24 volume on it so high liquidity.
But really I'm just not qualified to judge, and I guess the space is just completely saturated in 2020.
PerfectCircle
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December 09, 2020, 07:27:42 AM
 #4

I chose it because I thought the team looked quite good with the experience quoted, and they look to have a quite impressive array of partnerships.
Also $5 million 24 volume on it so high liquidity.
But really I'm just not qualified to judge, and I guess the space is just completely saturated in 2020.
Alchemy is a very good project that can come close or can even beat wepay and alipay in the future, it's a crypto payment solution that's been working for some time now, in some part of the worlds like korea for example people can use alchemypay to take rides, pay at restaurants and hotels, the team behind the project are pro too so it's a good one

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Phoenix_PROG
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December 09, 2020, 07:51:23 AM
 #5

ACH is an hybrid payment solution that combines many top crypto currencies into one box that empowers many businesses with convenient, the platform allows crypto to fiat payment and coins like BTC, BCH, ETH and many other coins can be used as means of payment, it's one of the best projects in 2019 on my list, I already filled my bag though huobi exchange, it's a good altcoin
pealr12
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December 09, 2020, 08:37:29 AM
 #6

I thought it is the announcement channel for Alchemy, this is a distracting Topic read Make your topic title, posts more attractive to improve your opening of thread. You can also read up  Topic title style guide

Yeah i agree with @royalfestus the topic was not well composed, i only click on the thread because am already familiar with the project, @op you can always edit it to something attractive at your convenience,

and as for Alchemy Pay, the project has a good concept, as an hybrid payment system which give option to users to either pay in fiat or in crypto is something not many project of same category has, i think with time, project will develop even more, good thing about Alchemy pay is it already has a working product which is in used in some countries already.  
Alexander Severus (OP)
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December 09, 2020, 08:49:46 AM
 #7


and as for Alchemy Pay, the project has a good concept, as an hybrid payment system which give option to users to either pay in fiat or in crypto is something not many project of same category has, i think with time, project will develop even more, good thing about Alchemy pay is it already has a working product which is in used in some countries already.  

Thanks. I thought it looked like a good project and I might use it myself if I go travelling.
BayAngelo
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December 09, 2020, 09:04:15 AM
 #8

This will be your down fall in crypto to be honest with you. the project has series of scam accusation on it. first is with the listing on a top quality exchange and then how they sold out a huge amount of their token or rather will say they dump huge on traders when it listed on okex. i think that was the reason binance abandoned the project. it is a failed project. also they failed to pay hunters properly.

pealr12
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December 09, 2020, 09:35:03 AM
 #9

This will be your down fall in crypto to be honest with you. the project has series of scam accusation on it. first is with the listing on a top quality exchange and then how they sold out a huge amount of their token or rather will say they dump huge on traders when it listed on okex. i think that was the reason binance abandoned the project. it is a failed project. also they failed to pay hunters properly.

As far as i know, this project have not yet list on okex, the only offical listing that i know of is houbi pro and probit i think, the rest listing are unofficial although traders are trading with those exchange, and i don't know where you get the impression that binance abandoned the project, if you take a little time to read, you will notice ach partner with binance for bnb payment option in Alchamey Pay POS service, the details about it are in the open for all to see.
This is only my opinion, i have no connection with the project except i participate in the bounty and i agree in that aspect they failed to follow the rules of payment that was initially propose during the bounty period.
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December 09, 2020, 12:02:07 PM
 #10

This will be your down fall in crypto to be honest with you. the project has series of scam accusation on it. first is with the listing on a top quality exchange and then how they sold out a huge amount of their token or rather will say they dump huge on traders when it listed on okex. i think that was the reason binance abandoned the project. it is a failed project. also they failed to pay hunters properly.
Are you sure you are talking about ACH? Cos ACH never get listed on Okex and Binance never abandoned the project for any reasons, CZ is very supportive of ACH because of its use case in asia countries, it's spreading like a rapid fire, you might want to ask people or friends in asia part of the world about this project, all your points are false
ReliabilityAlert222
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January 19, 2021, 06:25:08 PM
 #11

Alchemy is one of the best tokens in the 2019-2020 session and it's perfect for investment. Because this project has been arrived by IEO. So, I can assure the upcoming investors that Alchemy has a strong network and token stability, in my opinion.

ololajulo
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January 19, 2021, 06:32:58 PM
 #12

There a lot of projects with even lower supply than this one. Why did you pick this very specific project? My answer is NO to any such kind of project, especially where Chinese team is involved. I had invested a couple of projects with Chinese team all of them are eating dust as they stopped development. Such projects are TKY, TFOOD, KEY, QLC, SDS and many.

Instead invest blindly on BTC, ETH.
Being a Chinese project does not make it a bad project, However, except for TKY I dont know any of the coin/project you have invested. TKY was not a bad project, investors made good profit from it if he had an early exit. Moreover, TKY came out at a very wrong time,was launched at just the beginning of the bear market, like every other projects it struggled to stay above water.  

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Dariusburst
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January 19, 2021, 06:37:30 PM
 #13

I'm relatively new to the crypto space and have been looking for good low cap coins to invest in, and came across this project.

"Alchemy pioneered an all-in-one hybrid fiat and crypto payments system for businesses which can be deployed in any existing mainstream systems, be it offline (POS, payment terminals, mobile devices etc.), online or in-app to accept payments via fiat mobile wallets, cryptocurrencies and credit cards."

It only has 5 million marketcap, has been in development for a while and I think it looks like a good project from their website https://www.alchemytech.io
So what do you think?
You are impressed by the project use case I believe but the fact is alchemypay team are not that capable, there is no further development and further listings too since launch and even bounty hunters are robbed because only 20% of their earned tokens are sent to them, sorry to say I've stopped trusting the project
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