AlchemyByte initial coin offering (ICO)

The only crypto asset you need



For an investor AlchemyByte is the only cryptocurrency you need. It has ALL the major cryptocurrencies in JUST ONE asset. When you own AlchemyByte you will automatically have exposure to ALL the top 30 coins and tokens PLUS at least another 30 of the smaller issues (the Investment Team can buy an unlimited number if they think there is any value in them - there is no imposed cap on the number that can be held).

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Starts in 1 second ago
2019-06-25 - 2019-06-25
Token
ALB
Bonus
Available
Platform
Accepting
Soft cap
1,000,000 ALB
Hard cap
4,000,000 ALB
Raised
0
preICO start
Jan 2, 2018
preICO end
Feb 16, 2018
More on ICO
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About AlchemyByte ICO

AlchemyByte is a token issued by AlchemyByte Inc., an International Business Company incorporated in the British Virgin Islands. AlchemyByte is essentially an alloy or mixture of other coins, tokens and crypto related assets (hence the name “Alchemy”) in exactly the same sense that historical coins were alloys of predominantly gold, silver, tin, nickel and copper. The value of such coins being determined by reference to the constituent metals in the alloy and their relative proportions. We add the “Byte” to the end of Alchemy to indicate the presence of a plurality of underlying coins/tokens, although in reality we will have a good more than just eight. (i.e. 8 bits = 1 byte).
By combining many of the extant cryptocurrencies into a single cryptocurrency, holders and users gain exposure to the price increases of the cryptocurrencies being held and in a far more diversified way than by holding just several of the many available cryptocurrencies directly in their own wallets. A coin or token specific price collapse (or worse) will only impact AlchemyByte to the extent that the Master Trust has exposure to the particular asset declining in price. Where value is shifting from one of the majors, for example BTC, to another, say XRP, because of some news flow or sentiment change that would largely result in zero sum game to the AlchemyByte Master Trust as it will be holding both.
AlchemyByte seeks then to act in the cryptocurrency space in essentially the same way that a Managed Mutual Fund acts in the stocks space, combining many cryptocurrencies under one token and reducing both absolute risk and volatility risk to the holder and economic user. We should emphasize the word “Managed” in the previous sentence as the Master Trust will be managed by an Investment Advisory Committee (“IAC”) – what we are offering is not just a static or algorithmically controlled basket of other cryptocurrencies and assets, the IAC will be making active decisions in regard to buying and selling and the Token Issuer has retained ex hedge fund people to this end.
The introduction of AlchemyByte will also strengthen the entire cryptoasset space in two key ways: 1) Adoption, as we expect people who have never before owned cryptoassets to feel sufficiently comfortable with the way that AlchemyByte has been structured (see below) to setup a wallet and buy tokens, and 2) the existence of transparently priceable cryptocurrency with a fair value linked to a published balance sheet will do much to enhance the credibility of the token space. AlchemyByte may not be the first “coin of coins” and certainly will not be the last but that  is no bad thing: the existence of competing product offerings in the same generic space (think for example of motor cars, mobile phones, coffee shops – Starbucks and Costa often seem to operate in close proximity on many high streets) keeps all players honest as competition is good not only for consumers (token holders/users) but also for cryptoasset innovators and maintainers. When there is a monopoly in anything it inevitably leads to poorer products, poorer service and less innovation. The more digital currencies there are competing for users, the better the successful ones will need to be.

AlchemyByte reviews

PlumBot
ICO Analyzer Bot
Rated on Sep 1, 2018
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AlchemyByte ICO price

Price in ICO

AlchemyByte (ALB) crypto

AlchemyByte coin

AlchemyByte token
ALB
AlchemyByte platform

AlchemyByte (ALB) value

Tokens for sale
3920000

AlchemyByte investment info

Accepting
Distributed in ICO
98%
Soft cap
1,000,000 ALB
Hard cap
4,000,000 ALB

AlchemyByte whitepaper

AlchemyByte team

Apply as an advisor

David Hadberg

Mark Shaw

Malcolm Cauchi

Advisors

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