Alchemy pay $ACH has unveiled their plans to launch a Transformative Layer-1 Blockchain for the Future of Payments - "Alchemy Chain" on 28th October.

It's supposed to be Built on a scalable Solana Virtual Machine (SVM) architecture. According to their unveiling announcement , Ultimate goal of the alchemy chain is to establish a system where fiat currencies and cryptocurrencies coexist without friction, enhancing transparency, security, and efficiency in cross-border settlements.

Most importantly, $ACH will serve as the utility token of Alchemy Chain. So ACH will he the token that is used as gas fees within the Blockchain. "Users can conveniently cover gas fees and transactions using either ACH or fiat, with seamless conversion of profits and other on-chain earnings into fiat currency. Additionally, Alchemy Chain will implement a stablecoin revenue mechanism, providing users with the opportunity to earn yield effortlessly."

Since the unveiling $ACH has being rising. And If this blockchain is what they promised and become successful , the token value could go higher. Stay in touch and always do your own research. Stay safe, and happy trading.