Alchemist AI (ALCH)

Utility

Alchemist AI's token, ALCH, is mainly used as a utility token within its platform. It powers transactions and premium features, allowing users to buy, sell, or tip AI-created applications in the Arcane Forge Marketplace.

Platform Interaction

ALCH drives interactions on the Alchemist AI platform by incentivizing creators and users. It supports the creation and monetization of customizable apps made with AI, from simple tools to games.

Trading and Conversion

ALCH is actively traded and can be converted through exchanges like Bitget, enabling users to participate in arbitrage or convert rewards and airdrops into ALCH tokens.

Development and Expansion

As the project grows, the use cases for ALCH may expand, supporting more services and products within the Alchemist AI ecosystem.

Pros

• Alchemist AI is a no-code development platform that lets users create software applications easily using simple descriptions, without needing to know how to code.
• It combines AI technology with blockchain, offering a unique way to build and monetize apps.
• The project has a strong and active community that helps with organic marketing and growth.
• It is one of the top AI-related crypto projects by market capitalization.
• The platform supports a variety of use cases, from simple utilities to games.
• ALCH tokens are traded on multiple exchanges with good liquidity, making buying and selling accessible.

Cons

• The price of Alchemist AI tokens can be very volatile and may underperform compared to other cryptocurrencies or meme coins.
• Market activity and trading volume can fluctuate significantly, which might affect liquidity at times.
• The project is relatively new and competes in a fast-changing AI and crypto market, which can impact its long-term stability.
• Price predictions vary and can be influenced by large holders ("whales") and external market factors.

For more details, visit the official Alchemist AI website or trusted crypto data platforms.

Founders

Alchemist AI was co-founded by a team of experts in artificial intelligence, finance, and blockchain technology. Specific individual names are not publicly detailed in the available sources.

Background

The founders bring experience from AI, finance, and blockchain fields, aiming to create tools that help users build customizable apps and engage with crypto markets easily.

Institutional Investors

Alchemist AI has 5 institutional investors including Inflection Point Ventures, 100Unicorns, and Firstport Capital. Firstport Capital is the largest institutional investor.

Angel and Venture Investors

The pre-seed funding round of $300K included participation from Inflection Point Ventures, 100Unicorns, and Earlyseed Ventures.

Overall Funding

Alchemist AI raised $300K in a single funding round with 31 investors involved, combining both institutional and angel investors.

Halal Status of Alchemist AI

No, there is no specific certification or clear ruling publicly available that confirms Alchemist AI is halal. The platform is a no-code AI development tool, and Islamic scholars generally consider technology halal unless it involves prohibited activities. However, no direct halal certification or statement has been found for Alchemist AI.