Alpha Impact is pleased to announce its latest trading competition, offering lucrative rewards for the top three performing traders.
Think you know who are the pro traders? Stake on them now to earn with the pro traders!
In Alpha Impact Trading Competition, participants stake on a trader to potentially earn FOLO. But stakers need to be aware of the risk of losses as they could lose the same percentage as the trader.
Alpha Stakers receive FOLO based on trader performance, and there’s a 10% profit-sharing fee split between the Trader and Alpha Impact. Moreover, staking on the Top 3 performing traders allows you to share in a 40% competition prize pool.
Staker A bought and deposit $10 of FOLO
Staker A is looking through which Trader to stake
Staker A use the FOLO that they deposit to stake on Trader A
Trader A is trading with a $1,000 composition that consists of BTC, ETH and DOGE
Staker A $10 will be converted to the same composition % of Trader A that consists of BTC, ETH and DOGE.
Trader A is one of the Top 3 traders and you have staked on them.
Trader A is not one of the Top 3 traders but managed to profit.
Trader A is not one of the Top 3 traders and have made a loss in trading.
Trader A is participating in the Alpha Impact Trading Competition and has managed to secure a spot in the top 3 performing traders. As a result, they will be eligible to earn a portion of the competition prize pool, which is awarded based on trading performance rankings.
Stakers who have correctly staked on the top 3 traders will be able to share 40% of the competition prize pool. Additionally, if Trader A manages to earn a profit of 50%, stakers who have staked on them will be able to earn 50% (less fees) of the amount they staked on Trader A.
However, it’s important to note that stakers will only be able to receive 90% of the profit, as 5% will go to the winning trader and another 5% will go to the Alpha Impact platform. Therefore, while staking on top traders can be a potentially lucrative opportunity, it’s important to carefully consider the potential risks and rewards before making any investment decisions.
Trader A is participating in the Alpha Impact Trading Competition but unfortunately, they have not managed to secure a spot in the top 3 performing traders. As a result, they will not be eligible to receive any prize rewards from the competition. However, as long as Trader A has earned a profit during the competition, the trader will still be able to earn a 5% profit fee from their stakers.
Stakers who have staked on profitable traders who are not in the top 3 positions will still be able to earn if the trader earns a profit. In this case, if the trader profit 50%, stakers will be able to earn 50% of the amount (less fees) they staked on that particular trader.
It’s important to note that stakers will only be able to receive 90% of the profit, with 5% going to the winning trader and another 5% going to the Alpha Impact platform. Therefore, while staking on traders who are not in the top 3 can still be a potentially profitable opportunity, it’s important to carefully consider the potential risks and rewards before making any investment decisions.
Trader A participated in the Alpha Impact Trading Competition but unfortunately, they did not manage to secure a spot in the top 3 performing traders. Additionally, during the period of the competition, the trader made a loss. As a result, they will not be able to earn the 5% profit fee from their stakers since they did not make a profit.
Stakers who have staked on Trader A and if the trader makes a loss during the competition, stakers will also incur the same percentage loss of the amount they staked. In this case, if the trader made a loss of 50%, stakers will incur a 50% loss of the amount they staked on that particular trader.
It’s important to note that if stakers make a loss during the competition, Trader A will not be able to earn any fee from them, and the Alpha Impact platform will also not take any fee from them.
This highlights the importance of carefully considering the potential risks and rewards associated with staking on traders. While staking can be a potentially lucrative opportunity, it’s important to remember that there are also potential risks involved, including the possibility of incurring losses. Therefore, it’s crucial to do thorough research on the traders you want to stake and make informed investment decisions.
Stakers can stake up to 5 traders, with a minimum stake of $2 FOLO and a maximum stake of $50 FOLO per trader. By staking on the top 3 traders, stakers will also receive a 40% portion of the rewards pool.
To participate in the staking program, you will need to create an account or log in to the Alpha Impact website at http://app.alphaimpact.fi. FOLO tokens are used for staking and are the platform’s native currency. You can purchase FOLO tokens from here or QuickSwap and deposit them onto the Alpha Impact platform.
To stake, you will need to invest a minimum of $2 worth of FOLO tokens, and a maximum of $50 worth of FOLO tokens per stake. Each staker is permitted to stake on up to three traders for this program. If you change your mind and no longer want to participate in the staking program, you can unstake your tokens at any point before the competition begins.
This process involves giving Alpha Impact a two-day period for warm-up, which is necessary due to a large number of traders and stakers. During this time, any suspicious trading or staking activity will be detected and flagged.
After the start of the competition, stakers will no longer be able to stake on any traders. Once the competition starts, traders cannot withdraw from the competition. If a trader’s portfolio becomes disconnected or closed, both the trader and stakers will be disqualified from the prize pool. If a technical issue causes the disconnection, Alpha Impact will attempt to restore the connection. Otherwise, stakers will be unstaked and refunded in FOLO tokens at the current USD market value based on the trader’s last known asset composition before disconnection. Other pre-existing stakes will continue to stake other traders.
To qualify for the competition prize pool, the traders you staked on must be one of the top 3 performing traders and must execute at least five trades during the month-long competition. Stakers will be able to see how the traders trade, and we encourage stakers to motivate the traders they stake on. If the trader you staked on makes a profit but is not one of the top 3 performing traders , you will still earn the same percentage of profit as the trader. The trader will receive a 5% share of the staker’s profit fee for the profits generated. However, if the trader makes a loss, Alpha Impact and the trader will not receive any profit fee. In this case, the amount you staked will be defined by the trader’s performance.
Alpha Impact will need some time to verify and distribute FOLO winnings and stakes. We will share the winners on Alpha Impact platform, using our official account, @AlphaImpactteam
The top three traders/ stakers will split the pool in a 60/40 ratio, with the first-place winner receiving a share of 45,000 FOLO, second-place 25,000 FOLO, and third-place 15,000 FOLO.
As a Staker, you will be able to see the amount of FOLO in your Alpha Impact wallet once the competition and distribution period ends. The prize rewards and payout will all be in FOLO tokens.