# Alchemy Pay (ACH): D-Score 24/100 — Centralized Leaning

**BlockIndex D-Score: 24/100 (Centralized Leaning).** Alchemy Pay (ACH) is a Layer 2 cryptocurrency using PoS consensus. Alchemy Pay (ACH): ERC‑20 payments and fiat-crypto on/off‑ramp token enabling merchant APIs, partnerships, and broad merchant acceptance.

_Source: https://blockindex.ai/coin/ach · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 24 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 11 |
| Age and history | 13 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: PoS (N/A)
- Launch: 100% Premine (2019)
- Founder: N/A
- VC funded: Yes
- Max supply: 15,346,246,088
- Circulating: 10,000,000,000 (65.2%)

## Market data (as of 2026-06-19)
- Price: $0.01
- Market cap: $50.4M
- 24h volume: $6.1M
- 24h change: -3.06% · 7d change: -6.56%

## About
Alchemy Pay (ACH) is a payments infrastructure project that tokenizes fiat-crypto rails to enable merchants, consumers, and developers to access fiat on/off ramps via a combination of API/SaaS offerings and tokenized incentives. Founded in Singapore in 2018, the project has focused on real-world merchant adoption, building integrations with major commerce and payments platforms to support fiat and crypto payment flows. Alchemy Pay positions ACH as the utility token within its payments stack: used to incentivize partners, provide settlement and fee mechanisms, and enable merchant onboarding. The company emphasizes broad geographic coverage (claims support in 70+ countries) and a large merchant footprint achieved through partnerships with organizations such as Binance, Shopify, NIUM, and QFPay. The result is a payments-centric product layout where on-ramps and off-ramps, merchant settlement, and API integrations form the core value proposition rather than core-chain scaling or DeFi primitives.

Technically, ACH is an ERC-20 token issued on the Ethereum network (contract: 0xed04915c23f00a313a544955524eb7dbd823143d). As a token, it inherits the properties of its parent chain: account model semantics, smart-contract tooling, and post‑Merge Ethereum consensus characteristics (PoS). The project architecture is therefore focused on integrations rather than maintaining a bespoke consensus or validator set. Alchemy Pay provides merchant-facing APIs, SDKs, and integrations that connect to numerous payment channels (the provided materials reference roughly 300 payment channels) and developer tools to simplify fiat-crypto conversions. The token itself does not have native block production metrics (blocks, TPS, block rewards) separate from Ethereum; project technical differentiation rests in payment rails, partner integrations, oracle and liquidity integrations, and merchant services.

In terms of tokenomics and market positioning, ACH has a max supply of 10,000,000,000 tokens, with circulating supply reported near 9.785B (~97.85% of max). Historical market data provided in the sources show a peak (ATH) in early August 2021 (~$0.17) and lower market prices in the present snapshot (example price $0.007576). Distribution notes extracted in the DScore materials indicate material pre-allocation or reserved supply dynamics (PIP reported at 51% in extracted field notes), and investor allocations noted as ~18% in Messari data. The token is actively listed on major centralized exchanges and visible on market aggregators such as CoinMarketCap and CoinGecko. Monetary policy and explicit on-chain governance mechanics are not documented in the supplied files; ACH governance appears company-driven/off-chain rather than DAO-based.

Governance, legal, and operational aspects are company-centric: the materials identify Alchemy Pay as a corporate entity founded in Singapore, with ongoing commercial and regulatory engagement (for example, recent 2025 licensing progress such as a reported South Carolina Money Transmitter License). No explicit on‑chain DAO governance, treasury voting mechanism, or CEO name was present in the provided files; governance therefore defaults to off‑chain, company-led decision-making per the extracted DScore notes. The project emphasizes partnerships, merchant growth, and product expansion (RWA platform, expanded fiat rails and token integrations in 2025) as the principal drivers of near-term development. Overall, Alchemy Pay is best understood as a merchant payments and fiat-crypto infrastructure company that uses ACH as an ERC-20 utility token to bootstrap and operate its commercial payment rails.

## Links
- Website: https://alchemypay.org/
- Whitepaper: N/A
- GitHub: https://github.com/alchemypay

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore