AMA

AMA RECAP: Alpha Impact x TAG Ventures (english)

On the 19th of May, TAG community has a Telegram AMA with Alpha Impact.

At the AMA, Hayden Hughes is Co-Founder and CEO of Alpha Impact and introduce and share many Interesting information about Alpha Impact.

And here are the key takeaways of the AMA:

Tag: The AMA would be happened as follows

  • Segment 1: Greeting and Introduction.
  • Segment 2: Answer the closed questions from Twitter (5questions)
  • Segment 3: Live Q&A session (5 questions)

Tag:  For starting AMA, we would like to know about team and your project via Segment 1: Warm up

First, could you please introduce your team and Alpha Impact ?

Alpha Impact: Hi there! I’m Hayden Hughes, the Co-Founder and CEO of Alpha Impact. Before starting this company with my Co-Founder and CPTO Austin Chaird, I became a lawyer before working in crypto in 2017. From 2017 – 2020 I worked as Head of Distribution for Techemy, a regulated investment bank focusing on crypto and blockchain. Immediately before co-founding Alpha Impact I was actually working at Crypto.com, where I led Institutional Sales in Singapore.
I have previously founded 3 companies and this includes 1 exit in my native Canada in my mid 20s. I’m excited to build new businesses!
My Co-Founder Austin has spent 15 years in banking technology, working as a Vice President where he designed trading systems for banks and hedge funds when he worked for JPMorgan and Macquarrie Bank.
We hope you join our Telegram channels:
ENGLISH: https://t.me/alphaimpact_fi
VIETNAMESE: https://t.me/alphaimpact_fi_VN

Tag: What are the competitive advantages of Alpha Impact compared to other projects?

Alpha Impact: 1. WE ARE NON CUSTODIAL. Clients leave funds in their own exchange account and we can NEVER access your funds.

2. WE ALLOW COPY TRADING FOR OPTIONS – We’re the only non custodial options social trading platform.
3. WE’RE BUILDING ON CHAIN SOCIAL TRADING – For Metamask and Uniswap Degens, you can deposit funds into one of our smart contracts to follow a top trader without using a CEX!
4. NOT JUST FOR RICH PEOPLE – unlike other platforms that cater only to large investors, we are building Alpha Impact for the little guy. Finally, a place where all investors are treated the same whether they have $25 or $25M.
5 WE’RE NOT ANONYMOUS – our customers never need to share their identity with others on the platform. Whether you are Joe Nobody or Joe Biden, you can trade with ease and peace of mind.

We’re also based in Singapore which is a very advanced country in terms of Crypto regulations

And the CEO (me) is a former Lawyer

Tag: Please share with us some new upcoming events, as well as big partners Alpha Impact Finance has been working with during its development period?

Alpha Impact: By the way we are just Alpha Impact 🙂

EVENTS COMING UP:
IDO on JUNE 3
SIGNALS MINING on JUNE 27
YIELD FARMING on JUNE 27

To continue, we turn to Segment 2: Answer the selected Twitter questions.

First of all, I would like to say thank you to Tag’s members who have sent many questions about Alpha Impact us.

Tag: The first question’s from @alisa_crypto
Southeast Asia is a very vibrant market and many projects developed here so with Your project what do you think about Southeast Asia and do you have any plan to develop here?

Alpha Impact: Southeast Asia is VERY important for us. We’re building very quickly to support the community. We have our Vietnamese Telegram channel which has more than 300 members, and our Vietnam Announcement channel.
https://t.me/alphaimpact_fi_VN
https://t.me/alphaimpact_fi_VN_ANN
We’re also delighted to host a channel for our Indian Community: https://t.me/alphaimpact_india
For us, 60% of the world’s population lives in Asia so it makes sense that we are starting here. From our base in Singapore, we aim to serve investors across the region including South and Southeast Asia.
Democratizing crypto investing is a goal we have for people from every part of society, not only well off investors. We are passionate to improve the lives of everyone and that’s why we are excited to offer educational content for newcomers, simulation accounts, and also lower risk investments. We have something for everyone!

Tag: The second question’s from @BENSTOCk23
I want to have a LONG-TERM INVESTMENT with your platform, but I’m in doubts right now, how can you convince and assure me this project is Secured and PROFITABLE?

Alpha Impact: Although there’s no such thing as “guaranteed profit”, we are very confident in the Alpha $IMPACT token performance. For starters, we are launching a liquidity pool. For the first time ever, traders and customers alike can YIELD FARM to generate APY. Finally, a yield farm attached to a real business!

IN terms of the long term, I want to assure you that Austin and I and the rest of the company are on very long token vesting schedules: 4 years! This is one of the longest vesting terms we’ve seen in the industry, and we’re very excited to be building Alpha $IMPACT for the community over this time.
Our vision is to grow the crypto industry to the 85% of people who have never invested in crypto so far. This is a big journey but one we are excited to take. Our solution is very simple: we offer a safe way for new investors to try, invest in, and learn how to trade crypto for all investors. You can find a trader that’s just right for you – low risk or high risk.

Tag: Next question’s from @HONGphc50627894
What are the additional benefits of holding your tokens over those that don’t hold your tokens and is there also any benefits for long term holders?

Alpha Impact: Long term holders can put their tokens to work! We are excited to announce the launch of our YIELD FARMING program where customers can ADD liquidity to our Uniswap pair, beginning on June 27th! For those who prefer to stake tokens the old fashioned way (with a more stable return), we will be offering traditional staking beginning sometime in June, also!

Customers who stake our tokens can also receive access to technical analysis, fundamental analysis, and sentiment analysis just for staking our tokens on the platform.
Traders who stake tokens on the platform can become SUPER USERS, and we will actively market their profile to the community to help them attract more followers.

Tag: The next question’s from @huynhminhnhat14
What technology do you own or use makes you more unique than others? Is your project more innovative and useful platform than other competing platforms?

Alpha Impact: Unlike other platforms our team is actually not anonymous. You can look us up and see us on LinkedIn and we’re proud to show you our real faces.
The main difference between our platform’s technology compared to others is that we are non custodial. Customers never send money to us, and we NEVER get access to our customer funds.
In terms of technology we rely on banking grade encryption. Our CTO Austin Chaird is a 15 year banking technology veteran who has built $1B USD hedge fund trading systems while working as a Vice President at JP Morgan and other major banks. Our system is designed to be secure and robust.
We’re also building in some amazing smart contracts that will allow you to FOLLOW TOP TRADERS WITHOUT PAYING GAS FEES! The way these will work is that you can deposit funds into a smart contract and then you will be in a pooled investment where you can follow a top trader for 30 or 60 days at a time.

Tag: The last question’s from @Braven990
Do you agree that there is always a risk of loss in investing? what is your strategy to at least reduce the risk of loss? Are you considering an insurance product, or do you have your own mechanism to protect investor funds?

Alpha Impact: 1. We are building this platform for everyone, for RICH and POOR, SMALL AND BIG. Our platform enables everyone to invest.

2. Some investors want low risk investments. So we will allow customers to find a trader that has LOW RISK, HIGHLY CONSISTENT investments to copy.

3. Ultimately our value to you, our customer, is access to sophisticated investment products. As an investor myself I can tell you I have lost money in the past 60 minutes since we started this AMA. Even sophisticated traders sometimes get it wrong. And I feel your loss when you lose. Our objective is not to prevent you from losing, but to give you access so that you can make the best choices for you.

4. We are building an insurance fund (roughly 5% of fees generated by us) to compensate users if there is a hack or loss of control of API keys. But since we do not store your funds we actually do not have anything for hackers to steal, aside from the API key which we are keeping safe by using banking level technology.

5. One area I am very passionate about is helping investors to understand where we are in the market cycle. I lost lots of money in 2017 and I really want to help customers understand the market cycles we are in. When it is the top, we will say so.

6. We are building a social media network. We reward top traders for producing content. This means that traders have an INCENTIVE to like, produce, share, and follow content that helps you understand not only what they are trading, but WHY.

7. Our goal is for you our customer to become a better trader by UNDERSTANDING how traders think. UNDERSTANDING their strategy

Tag: Thank you for your detailed answer.

We have just finished segment 2 of today’s AMA session, thanks Mr. Hayden Hughes for the great news.

Now we turn to Segment 3: Live Q&A session (5 questions)
At this segment, I will open the chat a few minutes to receive the questions. Let pick your favorite ones when the chat’s closed

Tag: What does the Alpha Impact project mean? What is your desire when choosing a name for this project?

Alpha Impact: That is a great question! Feel free to DM me or join our VN TG channel to find out all the mysteries.

For this, we chose to focus on the name ALPHA as a way of showing that some traders generate alpha, that is to say returns above and beyond the general market.

IMPACT is the impact that sophisticated trading can have. So Alpha + Impact

Tag: 2020 is the year of Defi and Farming yeild, so does ALPHA IMPACT predict that 2021 will be a trend of any field? And what is the strategy to keep ALPHA IMPACT from falling behind?

Alpha Impact: We predict that it will be the year of the non custodial defi social trading app. With Yield Farming, what could go wrong!

Tag: You organized an AMA session very rewarding and received a lot of questions related to utilities and technology, future vision, …So now I want to ask what do you want to receive from the community?

Alpha Impact: I would love it if everyone joined our IDO! It will be held on June 3rd. To find out Whitelist details please join our Telegram channel: https://t.me/alphaimpact_fi

Tag: Regulation is very hard for every project and for Blockchain project it’s harder. So, in order to expand globally how will Your project handle this issues?

Alpha Impact: I am actually a former lawyer and have a close grasp on the regulatory questions. All of us take the view that regulations are very important. This is one of the reasons we have chosen Singapore to start with.

Because we are not an exchange, we are not regulated under Singapore’s current regulations. However this will change later in the year, so the focus for us in the next few months will be on building a sustainable compliance infrastructure.

Tag: Has ALPHA IMPACT’s goal of revenue and profit in 2020 been achieved? What makes investors believe in the success of ALPHA IMPACT in 2021?

Alpha Impact: Yes, we are revenue generating. And before 3 hours ago our ETH and BTC positions were very profitable

Tag: Amazing! Thanks Hayden Hughes for your time and the very insightful answers.

Tag: Thanks so much for taking your time with very detail answers ! Wish Alpha Impact success, breakthrough, sustainable development and hope that TAG will be a reliable partner of Alpha Impact in Vietnamese market.

Alpha Impact: Thank you all for being here today and for all the great questions. It was a pleasure to answer all of them and to share more information about Alpha Impact with you.