Introduction to Alchemy

Introduction to Alchemy

100% Open Source - All code is publicly available on GitHub. Smart contracts are immutable and verifiable on-chain.

What is Alchemy?

A deflationary rewards protocol on Solana. Burn $ALCH for runes worth 2× points. Buy spell books to multiply points up to 5.7×. Earn $GOLD from 100% of SOL revenue.

The Innovation: Making token burns profitable.

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How It Works

Burn $ALCH → Create Runes (2× points each) Buy Books with SOL → 100% goes to treasury Cast Spells → Multiply your points up to 2.85× Earn $GOLD → Distributed proportionally by points

The Flywheel Economy

                        USER ACTIONS
                             │
              ┌──────────────┼───────────────┐
              │              │               │
              │              │               │
    ┌─────────▼────────┐     │     ┌────────▼─────────┐
    │  BURN $ALCH      │     │     │  BUY SPELL BOOKS │
    │  Create Runes    │     │     │  Spend SOL       │
    └─────────┬────────┘     │     └────────┬─────────┘
              │              │               │
    ┌─────────▼────────┐     │     ┌────────▼─────────┐
    │ DEFLATION LOOP   │     │     │  REVENUE LOOP    │
    │ • Supply ↓       │     │     │ • Treasury ↑     │
    │ • Scarcity ↑     │     │     │ • SOL → GOLD     │
    │ • Points 2×      │     │     │ • Auto-swap      │
    └─────────┬────────┘     │     └────────┬─────────┘
              │              │               │
              │              │               │
              └──────────────┼───────────────┘
                             │
                    ┌────────▼─────────┐
                    │  CAST SPELLS     │
                    │  Runes + Books   │
                    └────────┬─────────┘
                             │
                    ┌────────▼─────────┐
                    │ MULTIPLIER LOOP  │
                    │ • 70%-20% odds   │
                    │ • +0.1× to +1×   │
                    │ • Stack 4 buffs  │
                    │ • Max 2.85× mult │
                    └────────┬─────────┘
                             │
              ┌──────────────┼──────────────┐
              │                             │
    ┌─────────▼────────┐          ┌────────▼─────────┐
    │ HIGHER POINTS    │          │  GOLD REWARDS    │
    │ • Bigger share   │  ◄────►  │ • Proportional   │
    │ • More power     │          │ • Automated      │
    └─────────┬────────┘          └────────┬─────────┘
              │                             │
              └──────────────┬──────────────┘
                             │
                    ┌────────▼─────────┐
                    │  REINVESTMENT    │
                    │  GOLD → ALCH     │
                    │  Compound Gains  │
                    └────────┬─────────┘
                             │
                             └──────────┐
                                        │
                             Loop Restarts at Burn


🔄 FLYWHEEL DYNAMICS:

Deflation Loop:    Burn ALCH → ↓Supply → ↑Scarcity → ↑Value
Revenue Loop:      Buy Books → +SOL → Swap GOLD → Distribute
Multiplier Loop:   Cast Spells → ×Points → Bigger Share
Compound Loop:     Earn GOLD → Buy ALCH → Burn Again

Result: Self-reinforcing cycle where participation benefits all players

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Getting Started

1. Connect Solana wallet

2. Get $ALCH tokens

3. Burn to Runes (instant 2× points)

4. Optional: Buy books + cast spells (up to 5.7×)

Points Formula: (ALCH × 1) + (Runes × 2) × Spell Multiplier

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Why It Succeeds

Traditional DeFi: Inflation → Sell pressure → Death spiral Alchemy: Real revenue → Deflation → Growth spiral

Your best strategy (burn) = Best for everyone (lower supply)

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