PARTNERSHIP | Alpha Impact & Ferrum Network rewards Liquidity Providers
Our liquidity staking pools will open registration on 16 June, 7AM UTC. So get your tokens ready as registration will only be open for 5 days!
Alpha Impact is a strong believer in empowering the crypto community by creating a beginner-friendly environment and democratizing the ability to earn money in crypto. One way to increase earning potential is through a process called Liquidity Staking.
That’s why we are proudly announcing a partnership with Ferrum Network to will bring our community a more user-friendly approach to staking while retaining all the benefits of liquidity staking!
What is Liquidity Staking?
In Decentralized Finance (DeFi), users do not go to a centralized exchange or market makers like Binance or Coinbase to trade tokens, instead, users trade in liquidity pools on a Decentralized Exchange (DEX) like Uniswap.
For example, if you wish to buy $IMPACT(FOLO) tokens in a DeFi exchange, you will need to go to a liquidity pool on Uniswap and exchange your Ethereum (ETH) tokens for an equivalent worth of IMPACT(FOLO) tokens.
**Alpha Impact has effective change its token from $IMPACT to FOLO on 12 November 2021 and migrate to Polygon Network.**
Adding Liquidity is the process of loaning your tokens to a liquidity pool to help these exchanges take place, making you a liquidity provider and earning rewards in return. People who add liquidity to the pool get another token from Uniswap, which is called LP (Liquidity Provider) tokens. (You can also learn the risks involved known as impermanent loss)
Liquidity Staking is an additional step reward. In addition to getting rewards from being a liquidity provider, participants can deposit their LP tokens into a pool offered by the project (in this case, us). This means liquidity providers get TWO rewards. The first by adding liquidity, and the second by staking your LP tokens to our Liquidity Staking program and earning interest.
Benefitting our Liquidity Providers
When $IMPACT(FOLO) liquidity providers deposit ETH and IMPACT(FOLO) tokens into our Uniswap pool, they will receive a Liquidity Provider (LP) token. Whenever a user makes an exchange in the ETH-IMPACT pool, the user pays a 0.3% fee and that fee is distributed to our LP token holders. In addition to earning fees, Alpha Impact will be partnering with Ferrum Network to allow liquidity providers to stake their LP tokens and earn interest.
Not only will you be contributing to a healthy trading ecosystem for DeFi and providing liquidity for your fellow Alpha Impact community members, but you will also earn trading fees and staking rewards!
Staking Pool Details
We will have 2 staking pools available: Alpha Lobster & Alpha Whale.
The Alpha Lobster locks LP tokens for a 30-day period and rewards stakers with a 90% APY. The Alpha Whale locks LP tokens for a 90-day period and has a 210% APY. There is no minimum amount of LP tokens you can stake in these pools but there is a maximum capacity of 12,500 LP tokens. If the pools are at full capacity before 21 June 3 PM UTC, we will close registration.
Partnering with Ferrum Network
Ferrum Network is a popular DeFi staking protocol designed for cross-chain interoperability and high-speed transactions and a user-friendly platform. The Ferrum service has several features, including a fiat gateway, a crypto exchange, crypto custody, an integrated wallet, risk-free over-the-counter (OTC) trading, and peer-to-peer payments.
Alpha Impact believes this partnership with Ferrum Network will be a benefit to our community by complementing our user-friendly approach while retaining all the benefits of liquidity staking. Users will also be introduced to the features of Ferrum Network like the ability to exchange fiat for tokens and vice versa.
Liquidity staking registration will be launched on 16 June at 7 AM UTC. So get your tokens ready as registration will only be open for 5 days!
About Ferrum Network
Ferrum Network is a DeFi ecosystem that interoperates across chains and removes barriers to mass adoption with user-friendly products for swapping, staking, and transferring cryptocurrencies. Its cross-chain DAG will enable the transfer of any digital asset in milliseconds for near-zero network fees, unlocking tremendous value for the entire industry.
About Alpha Impact
Crypto Made Easy.
Alpha Impact is a social trading platform designed to bring trust to crypto trading. Whether you want to automatically copy an expert trader or you’re already a crypto trader and want to build and monetize your following, we’re building the infrastructure to take the guesswork out of crypto trading.
Traders on the Alpha Impact platform are some top-performing crypto traders. In good markets or bad, our traders are incentivized to share their trades and trading strategies through the Alpha Impact platform. Finally, a place where users can filter through the noise and learn about crypto trading from experts with a visible track record. What’s even better is that traders have an incentive to share their investment thesis, analysis of the market, and the reasons behind their trades.
We share our fees with traders, meaning that there is finally an incentive for expert traders to share their activity and views with crypto enthusiasts and beginners.
Built by experts from the traditional finance space, our philosophy is to empower everyone to become a crypto trader. Whether you’re a beginner wanting to learn from an expert, or an expert wanting to get paid, we’re here to democratize access to this industry, one trade at a time.