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Alpha Impact
[edit]| Company Description | |
|---|---|
| Company Type | Private |
| Industry | Technology |
| Products | Non-custodial trading platform; social trading; copy trading |
| Headquarters | Singapore |
| Denominations | |
| Code | FOLO |
| Development | |
| White paper | https://docsend.com/view/mn6heitesbc3hriy |
| Development status | Active |
| Developer(s) | Alpha Impact |
| Website | |
| Website | Official website |
| Tokenomics | Gitbook |
Alpha Impact is a cryptocurrency social trading platform that aims to democratize access to crypto for both beginner and experienced traders. It offers features such as an AI-powered newsfeed, cross-exchange portfolio tracking, and risk management tools like Take-Profit/Stop-Loss orders. The platform's native token, $FOLO, is used within its ecosystem.
For beginners, Alpha Impact provides tools to follow top traders, receive real-time trading signals, and copy trade across exchanges. Advanced traders can benefit from comprehensive portfolio management and integration with major crypto exchanges such as Binance, Kucoin and Metamask. The platform also enables crypto influencers to build their own communities and earn passive income through monetized subscription services.
As of 2024, Alpha Impact has over 15,000 users. It reported a connected trade volume exceeding $100 million, prior to integrations with FTX and FTX.US before its bankruptcy in 2022[1].
History
[edit]Founded in 2020 by industry veterans, Alpha Impact secured $3.1 million in seed funding from LuneX Ventures, Genesis Block Ventures, Solidity Ventures, and other investors during its initial stages.[2] The platform initially focused on cryptocurrency social trading and quickly integrated with major exchanges like Binance, Kucoin, FTX, and FTX.US*. Feature additions in 2022 included selective copy trading, monetization options for crypto influencers, and an in-app wallet for the platform's native token, $FOLO. These features fueled rapid user growth.
In 2023, Alpha Impact continued to innovate, enabling automated copy trading for spot and futures portfolios. An AI-powered content moderation system, multiple language support functions, and advanced portfolio management tools were also implemented[3]. Recognizing the growing interest in Decentralized Finance (DeFi), Alpha Impact integrated with crypto wallet MetaMask, allowing users to track real-time on-chain Ethereum assets. The platform recently launched paper trading demo accounts for spot markets in 2024, with plans to expand its paper trading features for futures exchange soon.
Operations
[edit]Alpha Impact is a Singapore-based technology platform operating as a non-custodial intermediary, connecting users with their preferred cryptocurrency exchanges without holding client funds. The platform offers risk management tools like market monitoring, stop-loss/take-profit orders, and educational resources.
To safeguard user data, Alpha Impact employs advanced security measures, including encryption, two-factor authentication (2FA), firewalls, and access controls. Regular security audits, external dependency scans, and code reviews further enhance platform security. The company maintains a strong legal foundation with counsel from Reed Smith LLP.
Technology
[edit]Decentralized Finance
[edit]In 2022, Alpha Impact integrated with Web3 wallet MetaMask, granting its user real-time access to decentralized apps (dApps) and on-chain Ethereum assets directly through the platform.
Token (FOLO)
[edit]$FOLO is the native utility token of Alpha Impact. It powers various company interactions, including accessing core features like following and copying traders. The FOLO token operates on both the Ethereum and Polygon blockchains.
Token Utility
[edit]Traders can earn FOLO tokens through paid subscriptions from copiers. FOLO can be used to unlock premium platform features, such as advanced portfolio analytics, trade signals, private trader announcements and automated copy trading. The token can also be used to enhance community engagement by boosting social visibility, acquiring verified trader status, and rewarding valuable contributions.
FOLO has a total maximum supply of 424,128,123 tokens with a deflationary model to ensure long-term value. A vesting schedule is in place for fair distribution, and the tokens are allocated across various categories, including liquidity providers, treasuries, private sales, partnerships, community, team members, and public sales.
| Allocation Category | Allocation Percentage | Details |
|---|---|---|
| Liquidity Providers, Staking Rewards, or Burned | 30% | Provided initial liquidity and staking rewards. The remainer is being burned on a periodic basis. |
| Autmated market maker (AMM) In Treasury | 15% | 2,700,000 tokens unlocked initially for liquidity provisioning, followed by a one-month cliff and monthly unlocks over six months |
| Private Sale | 14.03% | One-month cliff with tokens vesting over six months |
| Partnerships / Listing | 9% | One-month cliff with one-third unlocked immediately and the remainder vesting linearly over five months |
| Community, Referral, Trader or Developer Grants | 9% | One-month cliff with tokens vesting over four years |
| Core team | 8% | Three-month cliff with tokens vesting over four years |
| Technology & ops | 8% | Three-month cliff with tokens vesting over four year |
| General Partners & Advisors | 6% | Three-month cliff with tokens vesting over four years |
| Public Sale with initial dex offering (IDO) | 0.97% | Fully unlocked at token generation event (TGE) |
See also
[edit]References
[edit]- ^ Anggraini, Devia (2024-06-25). "Alpha Impact: A Crypto Founder's Trading Journey". New In Asia. Retrieved 2024-08-30.
- ^ "Singapore crypto copy-trade platform raises $3m ahead of launch". Nikkei Asia. Retrieved 2024-08-30.
- ^ "Alpha Impact Empowers Crypto Traders with Binance Futures Copy Trading, AI-powered Content and Language Support for Indonesian Users". Yahoo Finance. 2023-10-24. Retrieved 2024-08-30.