Here’s How To Earn a Share of 2M Alchemist AI (ALCH) Tokens

Bybit has introduced a new Token Splash event, allowing participants to claim a share of a 2,000,000 ALCH prize pool. To qualify, users must meet specific deposit and trading requirements while ensuring their accounts remain in good standing.

📣 Join the $ALCH Token Splash @alchemistAIapp

Deposit to Earn a Share of the 2,000,000 $ALCH Prize Pool

📈 Join now: https://t.co/KZPZLdp0iI#TheCryptoArk #BybitListing pic.twitter.com/zWXnI7YR7I

— Bybit (@Bybit_Official) February 27, 2025

Following the announcement, ALCH, the native token of Alchemist AI, saw a significant price jump. On-chain data indicated that the token surged by over 30%, reaching $0.047.

How to Participate in Bybit’s Token Splash Event

To participate in the event, users must complete Level 1 KYC verification and maintain an active and compliant account. Institutional users and market makers are ineligible for this promotion.

Eligible users can qualify for rewards by depositing, purchasing, and trading ALCH tokens. However, participation is limited to those registering for their first event after creating a Bybit account between February 27 at 10:00 UTC and March 13 at 9:00 UTC.

Also, participants must deposit at least 3,500 ALCH into their Bybit account. Alternatively, they can deposit 100 USDT and execute their first spot trade of at least 100 USDT worth of ALCH.

Rewards will be determined based on a participant’s trading volume relative to the total event volume. Once the event ends, Bybit will distribute rewards to participants’ funding accounts within seven days.

Meanwhile, only deposits made during the event period will count toward rewards, while internal transfers are excluded. Furthermore, withdrawing ALCH during the event does not disqualify a user from receiving rewards.

According to the announcement, the prize distribution follows a first-come, first-served basis. Notably, the event is not available to users in the European Economic Area (EEA).

Alchemist AI: A No-Code Platform for Software Development

Alchemist AI is a no-code development platform designed to help users build applications without requiring advanced programming knowledge. The platform integrates Natural Language Processing (NLP) and code generation to enable users of all skill levels to create various types of software, including utility tools and games.

By democratizing software development, the platform allows individuals to bring their ideas to life without traditional coding barriers. The ALCH token plays a key role within its ecosystem, facilitating transactions and interactions.

Features of Alchemist AI

Beyond its core platform, Alchemist AI offers the Arcane Forge Marketplace, where users can buy, sell, and tip creators for their applications. The marketplace enhances collaboration within the community by fostering an ecosystem of shared innovation.

To address performance challenges, the platform has implemented a multi-zone deployment system to improve speed and efficiency. Previously, all user actions, such as logging in, browsing, and application generation, relied on a single server, causing slowdowns during peak usage.

With the new multi-zone deployment, Alchemist AI distributes requests across multiple servers worldwide, optimizing response times through load balancing. This ensures consistent performance, regardless of the number of active users.

By improving system efficiency, Alchemist AI strengthens its goal of making software development more accessible. The company highlighted these upgrades in a recent post, stating: 

“More speed. More reliability. More magic.”