TechFlow News, October 28 — According to an official announcement, Alchemy Pay, a crypto payment solutions provider, today revealed its launch plan for Alchemy Chain, its Layer 1 blockchain, which will offer a meme launchpad and meme bot. Built on the scalable Solana Virtual Machine (SVM) architecture, Alchemy Chain aims to support the growing operational demands of Alchemy Pay’s business and revolutionize the integration of crypto and fiat payments.
Alchemy Chain will introduce highly scalable infrastructure designed specifically for large-scale commercial applications, enabling seamless interaction between on-chain operations and off-chain storage. Its architecture is engineered for fast and efficient transaction processing, ensuring flexibility and reliability as Alchemy Pay's user base continues to expand.
ACH will serve as the utility token of Alchemy Chain, allowing users to pay Gas fees. Users can conveniently pay Gas and transaction fees using either ACH or fiat currency, and seamlessly convert profits and other on-chain earnings into fiat. Additionally, Alchemy Chain will implement a stablecoin yield mechanism, offering users easy opportunities to earn returns.
