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Team Alpha Impact

All, How To Guides 03 Dec 2024

FOLO Points: Earn Free In-App Rewards

Imagine getting paid just for being an awesome trader. Sounds too good to be true? Welcome to Alpha Impact, where your trading skills can actually make you money — no magic required, just smart moves!

What are FOLO Points?

FOLO Points are in-app rewards that you can earn by completing simple tasks like setting up your profile, engaging on our in-app social feed, and sharing your trading insights. Use them to subscribe to top traders, boost your social posts, and more.

The best part? Starting 3 Dec, 2024, you can convert your FOLO Points into FOLO Balance for instant rewards!

*All FOLO Points (previously known as FOLO Credits) must be converted to FOLO Balance prior to withdrawal. T&C apply

How to Earn?

1. Profile Completion Rewards

Setting up Your Profile
  • Step 1: Create your account on app.alphaimpact.fi
  • Step 2: Upload a cool profile pic
  • Step 3: Link your Telegram account
  • Step 4: Create a public portfolio (either Binance, Kucoin, or paper portfolio)
  • Step 5: Follow 10 traders
  • Step 6: Subscribe to 2 traders
  • Step 7: Autocopy a trader of your choice
  • Step 8: Enable “Monetisation” on your Profile
  • Step 9: Set your own subscription fee and make your portfolio autocopyable!

👉 Pro tip: Complete Steps 1-5 first to earn free FOLO Points, then use the earned Points to complete Steps 6-7.

2. Daily Engagement Rewards

Stay active, stay rewarded. Click here to start now.

Daily Tasks
  • Make a post or comment on the in-app social feed
  • Complete daily tasks for 7 consecutive days
  • Claim your rewards automatically and earn up to 600 FOLO Points!

3. Monetise Your Trading Mojo

Get rewarded for your knowledge.

Monetise your Profile
  • Step 1: Monetise your Profile
Set your own subscription fee
  • Step 2: Set your subscription fee in FOLO Points and link an autocopyable portfolio*

👉 *Need help? Check out our guides on how to link autocopyable Binance and Kucoin portfolios here!

Share exclusive insights behind a paywall
  • Step 3: Engage subscribers by sharing exclusive insights, portfolio analytics and trade activity behind a paywall
Get paid monthly
  • Step 4: Get paid monthly for your trading wisdom!

FOLO Tokens vs FOLO Points

FOLO Tokens are like digital coins you can buy and sell on the platform. You can use a digital wallet called MetaMask to purchase and deposit FOLO into your in-app Alpha Impact wallet.

  • FOLO can be purchased on Ethereum Mainnet (ERC20) and FOLO (PoS)* for Polygon (PoS). Check out our guides on how to purchase and deposit FOLO to learn more!
  • *As of 4 Sep 2024, POL has replaced MATIC as the native gas and staking token for Polygon PoS. Both MATIC and POL refer to the same thing.

FOLO Points are rewards you earn in-app for being an active trader on the platform. Convert them to FOLO Balance (10:1) for withdrawal.

🚨 Important: FOLO Balance is a new digital representation of how much your FOLO Points can be cashed out for, and is off-chain until withdrawn. 

Disclaimer: Always verify the deposit address to avoid irreversible loss of funds. Alpha Impact is not responsible for lost funds due to incorrect transactions.

Ready to Level Up Your Trading Game?

Don’t just trade. Get rewarded for trading. Sign up on Alpha Impact and transform those skills into something sweet — cold, hard digital cash.

👉 Pro Tip: The earlier you start, the more you earn. Your future trader self will thank you!

FOLO Points FAQ

1. Are FOLO Points the same as FOLO Balance?

  • No. FOLO Points are our in-app reward system, while FOLO Balance represents how much FOLO Points can be cashed out for.

2. Can I withdraw FOLO Points directly?

  • You’ll need to convert FOLO Points to withdrawable FOLO Balance first. As of 3 Dec 2024, 1 FOLO Balance is equivalent to 10 FOLO Points. Please refer to our Terms and Conditions for more details.

3. How long does it take to convert FOLO Points to FOLO Balance?

  • It typically takes about a week.

4. Are there any fees associated with converting FOLO Points to FOLO Balance?

  • There are no conversion fees. However, there are withdrawal fees if you wish to cash out your FOLO Balance, depending on the network you chose.

5. What are the Terms and Conditions (T&C) for withdrawing FOLO Balance?

  • You must withdraw a minimum of 3,000 per transaction, and a maximum of 10,000 per month. Please refer to our Terms and Conditions for more details.

6. How do I monetise my portfolio? 

  • Set a subscription fee and link an autocopyable portfolio. Share insights and analysis with paying subscribers, and start earning!

7. How do I purchase and deposit FOLO Tokens?

  • Login to your MetaMask wallet to buy FOLO on Ethereum Mainnet or FOLO(PoS) on Polygon. Ethereum offers a wider network but with higher fees, while Polygon provides faster transactions at lower fees. As of 4 Sep 2024, POL has replaced MATIC as the native gas and staking token for Polygon PoS. Both MATIC and POL refer to the same thing.

8. How do I link my public portfolio?

9. Is there a limit to how many FOLO Points I can earn?

  • Nope. Whilst some activities have a set amount of FOLO Points you can earn (i.e., Profile Completion tasks and Daily Engagement tasks), how much you earn as a lead trader is entirely up to you. You set your own subscription fee!

About Alpha Impact

Alpha Impact tokenises access to interoperable real-world signals. We help traders to generate alpha and make impactful decisions.

Our non-custodial platform provides real-time copy trading, comprehensive cross-exchange portfolio and risk management, and empowers creators to monetise their expertise through a social community.

Learn more about Alpha Impact’s products and services here: https://alphaimpact.fi

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