Anti-Bot Measures | $IMPACT(FOLO)
*Alpha Impact has effective change its token from $IMPACT to FOLO on 12 November 2021**
What are bots?
During ICOs and IDOs, some users use bots that automatically purchase tokens at launch in order. This is done to pump and dump tokens, beat other users at purchasing promising tokens, or sabotage crypto companies. As a result of these bots, all the tokens get purchased by the program and real supporters are unable to buy them.
Due to these pesky bots, we partnered with CardStarter, reputed for their anti-bot mechanism. During our IDO launch on June 4th, these rules on CardStarter will protect our token holders.
Here’s what they have to say:
“Bots adapt to every new launch in the blockchain ecosystem, and as such, anti-bot measures must be revised consistently on each new deployment. Even aggressive measures prove obsolete after 1–2 uses, however, we are optimistic that our latest approach will shift the paradigm in anti-botting technology.
Anti-Bot Mechanism
Instead of fighting bots in individual battles, we have decided to win the war by forcing them to be part of our ecosystem. For full transparency with our community and the space as a whole, we have outlined the detailed vesting approach that we will employ at launch:
- Only 1 transaction allowed per wallet within the first 10 minutes of launch.
- Smart contracts (other than the whitelisted ones) are banned for the first 10 minutes.
- This transaction will have a maximum transfer limit and a maximum gas price — with each launch, these values may differ.
- Transactions that are less than 10x the launch price will have a portion of their tokens vested. The calculation for tokens vested is as follows: a. For example, buying at 2.3x launch price = “2.3”/10 as a % unlocked, or 23% of purchased tokens unlocked immediately. b. Remaining tokens are vested for (20–2 “X”) days. For example, buying at 2.3x launch price implies 20 days–2(2.3)days = 15.4 days of lock time for 77% of the remaining tokens.
The above restrictions expire after 10 minutes, and are executed within the smart contract.”
Troubleshoot during purchase
Should you face a recurring error while buying $IMPACT(FOLO), please try again with:
- Lowering the gas fee for the transaction
- Purchasing a smaller amount of $IMPACT(FOLO)
- Trying again in 10 minutes (after anti-bot mechanism stops)
If you have any questions, we respond the quickest on our Telegram Channel.
Happy buying, Alphas!
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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.
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