About Alpha Impact
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Additional info about Alpha Impact
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Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xFAc3f6391C86004289A186Ae0198180fCB4D49Ab |
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Time | Price | Change |
|---|---|---|
Today | $0.00 | NaN% |
1 Day | $0.00 | 0.00% |
1 Week | $0.00 | 0.00% |
1 Month | $0.00 | 0.00% |
1 Year | $0.00 | 0.00% |
FAQ
Alpha Impact (IMPACT) is a blockchain-based DeFi platform that aims to democratize investment strategies otherwise restricted to experienced investors. It is a trading platform where users follow professional traders to obtain investment ideas and insights. Alpha Impacts aims to create a scenario where barriers to investment are reduced. It also attempts to develop passive monetization strategies for existing investors.
According to the whitepaper, social trading in the cryptocurrency space is steadily growing. However, the benefits of social trading fail to exist for the options market. An option contract is the right of an investor to trade. Such a right does not entail an obligation. Alpha Impact seeks to become the pioneer to introduce options market trading to social trading platforms. Additionally, retail investors within the online investment space often lack the tools and equipment required for blockchain-based trading. To address such issues, Alpha Impact proposes to create its platform.
Alpha Impact is a non-custodial platform, meaning that by leveraging trade-focused technology, it is able to execute trades from client accounts without customers having to send funds to the platform in the process. Moreover, it proposes to provide decentralized wallets for discerning clients. Alpha Impact looks to create liquidity by implementing smart contracts. Smart contracts are like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.
The developers of Alpha Impact believe that there is a sizable market ready to be ventured into by the platform and its services. This potential market is accessed through various services and functionalities of the Alpha Impact platform. The technological features of Alpha Impact help the developers prevent market manipulation and unnecessary trading.
FOLO is the native utility token of the Alpha Impact platform. Users and holders stake the FOLO tokens to obtain various incentives that further encourage participation in the platform activities. With the high number of staked tokens, the incentive also proportionally increases for the holders. A portion of the total token supply is reserved for the liquidity providers to convert FOLO tokens into other cryptocurrencies or tokens.
The leadership team of Alpha Impact includes CEO Hayden Hughes, CPTO Austin Chaird, and marketing director Rob Skinner. The whitepaper of Alpha Impact was released in 2021.
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