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Last edited by Stlpstlp (talk | contribs) 2 months ago. (Update) |
Alpha Impact
edit| Company Description | |
|---|---|
| Company Type | Private |
| Industry | Financial services |
| Founded | 2021 |
| Products | Electronic trading platform; social trading; copy trading |
| Area Served | Worldwide |
| Denominations | |
| Code | $FOLO |
| Development | |
| Original author(s) | Austin Chaird |
| White paper | |
| Code repository | https://github.com/alphaimpact-fi |
| Development status | Active |
| Developer(s) | Alpha Impact Labs |
| License | MIT |
| Website | |
| Website | Official website |
Alpha Impact is a cryptocurrency social trading platform that aims to democratize access to crypto for both beginner and experienced professionals. 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 income through subscription services.
As of 2023, Alpha Impact had over 15,000 users and a trading volume exceeding $100 million.
History
editFounded in 2021 by industry veterans[1], Alpha Impact secured $3.1 million in seed funding[2] from LuneX Ventures, Genesis Block Ventures, Solidity Ventures, and other investors during its initial stages. 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, $FOLO. These features fueled rapid user growth.
In 2023, Alpha Impact continued to innovate, enabling automated copy trading for spot and futures portfolios. An AI-powered content moderation system, multiple language support functions, and advanced portfolio management tools were also implemented[3]. Recognizing the growing interest in Decentralized Finance (DeFi), Alpha Impact integrated with crypto wallet MetaMask, allowing users to track real-time on-chain Ethereum assets. Demonstrating a commitment to user education, the platform recently launched paper trading demo accounts for spot markets in 2024, with plans to expand to futures exchange.
*Prior integrations with FTX and FTX Homepage before 2022 facilitated over 100 million in connected trade volume
Operations
editAlpha Impact is a Singapore-based technology platform operating as a non-custodial intermediary, connecting users with their preferred cryptocurrency exchanges without holding client funds. The platform offers risk management tools like market monitoring, stop-loss/take-profit orders, and educational resources.
To safeguard user data, Alpha Impact employs advanced security measures, including encryption, two-factor authentication (2FA), firewalls, and access controls. Regular security audits, external dependency scans, and code reviews further enhance platform security. The company maintains a strong legal foundation with ongoing counsel from Reed Smith LLP.
Technology
editDecentralized Finance
editIn 2022, Alpha Impact integrated with Web3 wallet MetaMask, granting its user real-time access to decentralized apps (dApps) and on-chain Ethereum assets directly through the platform.
Token (FOLO)
edit$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
editFOLO tokens offer a wide range of functionalities, including powering access to core platform features, rewarding traders for user subscriptions and staking, granting access to premium features like advanced analytics and automated copy trading, and enhancing community engagement by boosting social visibility, achieving verified trader status, and as rewards for 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% | Distributed or burned over four years with a one-week cliff |
| 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/Dev 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 IDO | 0.97% | Fully unlocked at token generation event (TGE) |
See also
editReferences
edit- ^ Anggraini, Devia (2024-06-25). "Alpha Impact: A Crypto Founder's Trading Journey". New In Asia. Retrieved 2024-08-30.
- ^ Phua, Rachel (2021-05-01). "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.