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Coinbase Pro Launches Alchemy Pay (ACH), PlayDapp (PLA) and Rai Reflex Index (RAI)



Coinbase crypto exchange

Coinbase Pro announces the launch of Alchemy Pay (ACH), PlayDapp (PLA) and Rai Reflex Index (RAI) on its platform. Inbound transfers of ACH, PLA and RAI starts from August 2, and the trading will start on or after 9 AM Pacific Time (PT) Tuesday, August 3.

The trading on ACH-USD, PLA-USD and RAI-USD order books will start once sufficient supply of ACH, PLA and RAI are established.

Initially, the order book will launch in three phases i.e. post-only, limit-only and full trading.

About Alchemy Pay, PlayDapp and Rai Reflex Index

Alchemy Pay (ACH) is an Ethereum token that powers Alchemy Pay, a platform that enables payments using a wide variety of fiat and cryptocurrencies.

Fees are paid using the ACH token and users can earn ACH rewards for purchases.

PlayDapp (PLA) is an Ethereum token that powers PlayDapp, a blockchain gaming platform and non-fungible token (NFT) marketplace. PLA acts as the primary token for processing transactions on PlayDapp.

Rai Reflex Index (RAI) is an Ethereum token that aims to maintain a stable value. The RAI-USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or re-valuing it.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.