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1. What utility does the FOLO token have?

The FOLO token system has been designed to continually bring value to the token over time, as the token is required to be held by both copy traders and pro traders. Copy Traders must use the FOLO token to access the trade information via API of top Pro Traders. For this access, the Alpha Impact platform will assess a 1% fee, denominated in FOLO tokens. A part of this fee will go to the top traders.

 

2. How does a trader make money?

 

3. What tokens can be copy traded?

All tokens and coins that are offered on Binance.com can be copy traded.

 

4. When will my trader’s account be displayed in the ranking?

When the time-weighted returns of your linked trading account is among one of the top 3 on our platform, your trader’s account will be automatically displayed in the ranking.

 

5. How do I register a Copy Trader’s account?

Visit our web app at https://app.alphaimpact.fi/account/register to register for an account, then link your exchange account to our platform to begin copy trading.

 

6. How long does it take to copy a trade? What happens if the price suddenly changes when copying?

Yes, you can copy the trades of as many traders as you would like to.

 

7. How long does it take to copy a trade? What happens if the price suddenly changes when copying?

Copy trading is executed in less than a second from the instant you click the ‘copy trade’ button. If the price changes, it is similar to a price change while buying or selling on an exchange: if you are using a market order, you will be filled at the changed price, if you are using a limit order, you may or may not be filled, depending on what your limit price is.

 

8. Do I get the same price as the trader I copy?

No, it is unlikely that you will be filled at the exact same price as the trader you copy. This is because gas fees fluctuate for every transaction, as well as the bid-ask spread.

 

9. How much does it cost?

It is currently free to register and copy trade on our platform. Note that your linked