Trade Smarter: Alpha Impact’s Updated Referral Program Explained

5 min readJul 24, 2024

In this article, we dive deep into Alpha Impact’s new referral program, what we’ve improved on, and share some exclusive tips to help our users maximise their rewards.

��What’s New?

Under our revamped program, both *Referrers and their Referees can now earn 2,500 FOLO tokens each by completing specific tasks. Now, rewards are given in FOLO Balance instead of FOLO Credits, which can be used to unlock exclusive features (like auto-copying lead traders, real-time trade signals, and post boosts) or withdrawn for personal usage. This update aims to boost active participation and enhance FOLO token utility.

Referrer: Alpha Impact Users who invite their friends, family, or community to join the platform via their referral code.
Referee: Newly joined Alpha Impact Users who created their accounts using a referral code i.e. Invited Friends

✨How does it work?

Like the old referral program, the new update requires both Referrers and Referees to complete tasks to earn rewards.

*Referrers must complete their tasks before inviting Referees to join via their Referral code. Some Referee tasks depend on the completion of Referrer tasks.

Here’s the list of pre-requisite tasks for Referrers:

Tasks for Referrers :

Step-by-step instructions for Referrer are available in-app

Connect a Binance, KuCoin, or Paper portfolio on Alpha Impact: Ensure that the portfolio that you’ve linked is Public and the exchange API key is valid. The rest of the portfolio settings are entirely up to your preferences.

> How to link a Binance Portfolio
> How to link a KuCoin Portfolio
Monetise Your Alpha Impact Account: Go to your profile’s Monetisation section to monetise your account. Referees must subscribe to you as one of their tasks, so we recommend setting up a monthly subscription fee first. You’re free to adjust this in the settings later.
Set a Public Portfolio as Auto-Copyable: Whilst you’re completing Task No.2, remember to indicate the ‘auto-copyable’ option for your portfolio. You can also set it up later if you wish, but ensure that it’s done before inviting Referees to avoid blocking their tasks.

Referee tasks 3 and 4 will be unavailable until the referrer completes essential steps like monetisation and setting up an auto-copyable portfolio

That’s it for Referrers! Once you’ve completed ALL tasks, share your referral code with your Referees and wait for them to finish their tasks.

In the meantime, check out our new Paper Trading feature: it takes less than a minute to set up your portfolio and start practising without risking real funds.

👀 📎 Could there be another Trading Competition coming up soon?

Tasks for Referees

Example of how a complete vs incomplete referee task would look like under “My Sign Up Reward” section

Link Your Telegram Account: Click on the task and follow the in-app guided tour to link your Telegram and update notification preferences.
Link a Public Portfolio: Binance and KuCoin exchange portfolios are valid. Referees can click Web3 or Paper portfolios, but they won’t count for this task.
Subscribe to Referrer: Ensure your in-app wallet has sufficient funds. You can buy FOLO or earn free FOLO by completing daily posting and profile tasks.
You may subscribe to lead traders other than your Referrer as well, but it will not be counted as task completion.
Start Auto-Copying Referrer’s Portfolio: Go to Referrer’s auto-copyable portfolio to start copying. Note that this task may not be available if the Referrer has not set up an auto-copyable portfolio, so prompt your friends to do so!

> How Auto-Copy works for Binance SPOT
> How Auto-Copy works for Binance Futures USD-M
> How Auto-Copy works for KuCoin SPOT

Redemption of Referral Rewards

Once the Referrer and their Referee have completed ALL tasks, the “Redeem” button will become clickable. Each party will receive 2,500 FOLO in Balance, verifiable on their corresponding Wallet page. This can be used to redeem any exclusive benefits previously mentioned or withdrawn for personal usage.

Check out the Terms and Conditions here.

🏆 Want to Know How To Maximise Your Rewards?

Leverage Market #FOMO: Invite friends, family, and neighbours when the market booms, and watch them want in. The more people you invite, the more rewards you can earn!
Blast Your Socials: Share your referral link via X, TradingView, and LinkedIn. You can consider hiring an influencer for wider reach!
Support Referees: Encourage them to become frequent #AlphaImpact users to boost your referral rewards.

And that’s how you trade smarter with Alpha Impact’s referral program!

About Alpha Impact

Crypto Made Easy.

Alpha Impact is a social trading platform designed to bring trust to crypto trading. Whether you want to copy an expert trader automatically 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 the incentive to share their investment thesis, analysis of the market, and the reasons behind their trades.

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.