Official Update: Alpha Impact is going LIVE on Polygon Network
In order to mitigate the problem of exorbitant gas fees, Alpha Impact will be expanding to the Polygon Network, which allows users to trade FOLO tokens for cheaper gas fees at a faster rate.
SINGAPORE, June 8th, 2022 — Alpha Impact will officially launch on the Polygon Network in July, in line with the firm’s series of tools to allow traders’ monetization on the platform.
FOLO (POS) tokens will be launched on the Polygon blockchain, which will increase the liquidity for users who hold these tokens. The launch of FOLO (POS) tokens on the Polygon Network will allow our expert traders to monetize their insights and trades. This will also allow Alpha Impact to use these tokens as payment for traders, which will be used as a central currency on the platform itself.
*FOLO tokens that are currently held by current users on the Ethereum network will be in conjunction with the FOLO (POS) tokens and will not be affected by the launch.
The firm’s first product, Signals Monetization, will allow expert traders to directly monetize their expertise by customizing a fee that Alpha Impact charges its users who in turn will receive access to updates, trade alerts, and proprietary insights that each trader publishes. Signals Monetization will also be launched in conjunction with the launch on the Polygon blockchain. The firm now boasts dozens of traders who have profited during the bear market, including users Askyway, CROBoss who have generated monthly returns of 300–800% over the May 2022 bear market trading futures. Expert trader Chris has also generated 155% over the past 10 months without taking on any leverage, trading spot assets on Binance.
The launch of Signals Monetization will allow the company to support Polygon wallets in the Alpha Impact application. With 7M daily transactions, 1.8M unique wallets, and a growing developer community, Polygon is a secure scaling solution that has built a reputation of being a low-cost and highly scalable solution to high throughput of transactions.
Speaking ahead of the move, Alpha Impact CEO, Hayden Hughes said “We’re delighted to be continuing our journey to bring the next 200 million people into crypto. The support of Polygon wallets on our native app has been on our agenda for some time and we are delighted to be following through with this. Launching a QuickSwap liquidity pool will potentially save our token holders millions in annual fees and also allow a cost-effective swap to our tokens. On that note, we also can’t wait for our next product, Automatic Copy Trading, to go live later this year.”
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 of the top-performing traders in crypto. 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.