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Introducing the FOLO Token Value Capture Mechanism (Part 2)

Find the Best Traders & YOLO into FOLO!

Hello, Alphas!

We are back for our second episode of the Alpha Impact token economy.

In our previous article, we provided an overview of the trading network and how the fees will be partitioned among ecosystem participants.

If you missed our introductory post on the FOLO token value capture mechanism, check it out here.

Today’s post focuses on Copy Traders, so buckle up, and let’s dive into it!

Copy Trading Fueled by FOLO

As Hayden often mentions in his AMAs, the copy trade feature on the Alpha Impact platform will require FOLO tokens.

To be more precise, users will have to stake FOLO to access copy trading services. After staking a certain amount of tokens, users will be able to copy trade top traders.

Both the amount of FOLO tokens staked and the copy trade volume of those accounts will be used to determine fees. Those fees are deducted directly from each account’s staked $FOLO tokens on a periodic basis.

Let’s go through a simple example. Alice is a new user of Alpha Impact. She wishes to copy trade Bill, a trader with an excellent track record and a large social following.

First, she stakes some FOLO to start copy trading Bill. According to their amount of FOLO stake and copy trade volume, a fee will be deducted from Alice’s staked FOLO, diminishing her stake according to the volume she trades.

As a Pro Trader, Bill earns FOLO tokens for those who copy him!

FOLO Staking Rewards Program

But what happens to FOLO tokens when they are earned by top traders? That’s where our staking rewards program comes into play!

If a Pro Trader would like to level up and earn more on the volume on his copy trades, he doesn’t necessarily have to buy them.

He can stake his earned FOLO to earn more FOLO. The more he stakes, the more he earns!

Once a user has earned enough FOLO, they can send their tokens to their fee wallet to enjoy larger rebates as a copy trader and/or higher rewards rates as a pro trader.

The objectives of our staking rewards program are:

  • Using FOLO issuance to incentivize token holders to lock their FOLO tokens and engage further on the platform.
  • Provide rewards to users so they can earn more using the platform with their earned FOLO tokens.

Using these two simple methods, copy traders can earn, via continued platform engagement, the needed FOLO tokens to copy-trade top traders.

As we develop the Alpha Impact token value capture mechanisms to create a virtuous cycle of continued platform engagement, we will continually analyze how the community uses the platform and the FOLO token. Our model will evolve according to user feedback and the changing nature of user interaction.

We hope you enjoyed this quick read, and we’re super excited to implement our token economy in earnest once our platform launches later this year. We invite all our community members to explore and join in the conversation!

Stay tuned for more, and remember:

Don’t just trade, YOLO into FOLO

About Alpha Impact

Discover a smarter way to invest by copying professional crypto traders, or get copied to earn from your trading skills.

Alpha Impact is a copy-trading social media platform designed to connect followers with professional traders. Users can connect their investment account to Alpha Impact to copy top traders in our community, get the latest market news from traders, and learn crypto investing from influential traders, masterclasses, and beginner guides. Traders can earn another stream of income from sharing trades, trading knowledge, and build industry reputation.

Built by two banking veterans from crypto and traditional finance, the founders’ philosophy is to empower people to profit from cryptocurrency and endorse strong performance history-backed traders as opinion leaders.

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Discover a smarter way to invest by copying professional #crypto traders, or get copied to earn from your trading skills. #FOLO a top trader.

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