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.
The AlchemyByte crowdsale also offers Pre-ICO token buyers an additional token (called SLHashByte™ or SL#Byte™) for every 100 AlchemyBytes subscribed for (up to a set limit).
SL#Bytes entitle the holders to participate in a managed membership-based network project called AlchemySmartLab™.
Attention. There is a risk that unverified members are not actually members of the team
$1 000 000
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.