AMA Satoshi Club x Alpha Impact , May 23rd

AMA Satoshi Club x Alpha Impact , May 23rd

We were delighted to welcome our guest from Alpha Impact. The AMA took place on May 23rd, 2021 and our guests was @H7944811 .

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Маry Satoshi CLUB: Hello  Satoshi Club! We are happy to announce our AMA session with Alpha Impact! Welcome to Satoshi Club😀

Gold Rocket | Satoshi Club: Hello again, dear community! 😍

H H (Will never PM you for funds): Hey guys! Great to be here! Thanks for having me.

Маry Satoshi CLUB: Welcome here 👍 How are you today?😉

Gold Rocket | Satoshi Club: Today our guest is @H7944811 – Hayden Hughes, CEO and Co-founder of Alpha Impact!

Маry Satoshi CLUB: Hope you’re ok, red day today on the markets😭

H H (Will never PM you for funds): Hi guys!

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, Hayden Hughes!

H H (Will never PM you for funds): Really amazing that you’ve extended the invitation. Thanks so much for having me. How’s everyone doing this evening? Looks like markets are about to move up again. Hope we’ve all been buying the dip 🙂

Маry Satoshi CLUB: Oh, thank you for your optimism! We need it!🚀

Gold Rocket | Satoshi Club: The real crypto optimist is before us 😍

Маry Satoshi CLUB: Tell us more about Alpha Impact 😉 what is the main sense behind your project?

H H (Will never PM you for funds): Great question

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.

Маry Satoshi CLUB: Great team with experience!

H H (Will never PM you for funds): When we taught ourselves how to trade crypto, we discovered that there is no transparent place to learn: people who say they are top traders on youtube, telegram or tradingview are often just good at building a following.

We found a few top traders who fortunately taught us the ways of trading crypto, and we want to help everyone discover a top trading strategy that is perfect for them. Everyone is different!

We also saw that a number of crypto platforms ask users to trust them by sending their funds, so we thought of non-custodial social trading: customers get to copy a top trader and also keep funds in their own account.

H H (Will never PM you for funds): No one ever sends money to us 🙂

Gold Rocket | Satoshi Club: Great background! And I, as always, want to know one thing:  Tell us about your team please.😊 Who is on the project team core?

H H (Will never PM you for funds): Awesome, let me find the links. I’ll share our linkedin

Gold Rocket | Satoshi Club: Take your time please😊

H H (Will never PM you for funds): Here’s my and my co-founder Austin’s LinkedIn:

https://sg.linkedin.com/in/hayden-hughes-499718a

https://sg.linkedin.com/in/austinchaird

H H (Will never PM you for funds): Now I’ll find the team slide, hold on

Маry Satoshi CLUB: Thank you!

Gold Rocket | Satoshi Club: Thanks! this is a great public team👍

Маry Satoshi CLUB: And after this awesome intro we are really excited to see your answers to the questions from our community 😉 Are you ready for them?

H H (Will never PM you for funds): Sorry my internet just turned off. My wifi is reconnecting from my computer. Yes go ahead! I’m ready to answer

Q1 from Telegram User @NataliyaKil

You have completed 3 Funding Rounds: one on January 25th and two others on May 6th. Do you currently have 5 investors: Solidity Ventures, SMO Capital, LuneX Ventures, Genesis Block Ventures (GBV) and Antler? Can you tell us how much funds were raised for each round, did all investors take part in them? Do you plan to attract new investors in the future and who?

H H (Will never PM you for funds): In addition to this team we’ve got 2 new team members joining our marketing team later this week, and 4 other developers not shown here. ^

Маry Satoshi CLUB: You’re growing fast!

H H (Will never PM you for funds): Great question! We’ve actually just had two funding rounds: our equity VC round and our private sale.

And I’m excited to announce that in our IDO will be held on June 3rd! To find out the details about our Whitelisting process as well as our WHITELIST LOTTERY, please check out our telegram channel! https://t.me/alphaimpact_fi

Маry Satoshi CLUB: For sure! But i also hope you will share this info with Satoshi Club 😉

Маry Satoshi CLUB: Btw, were your funding rounds successful? How much you collected?

H H (Will never PM you for funds): Well I’d love to come back later in the week and host a video AMA where I give the whitelist lottery details to the community. We’re effectively running a competition with a number of tasks, including a meme competition! We raised $3.1M USD in our private sale

Маry Satoshi CLUB: Wow! Nice numbers! Congratulations 👏

H H (Will never PM you for funds): Can’t wait for the IDO. We’re democratizing our raise to allow new investors to join. Good for next question!

Маry Satoshi CLUB: And that is nice, we need more chances!

Q2 from Telegram User @yellowchamp

 In your website,it is stated that traders on your platform have to share data – and lots of it. You see the trader’s real identity and track record, which comes directly from their exchange account. So,why is there a need of sharing the trader’s real identity and track record in your platform? So in this connection,you will have an access for the account of all the traders in Alpha Impact? Is this really safe for trader’s account and identity? Thank you

H H (Will never PM you for funds): Great Question @yellowchamp. In order to conduct compliance checks and ensure that traders are not associated with illicit funds, we’ll require KYC for the top traders. However we do allow traders to participate anonymously to customers. This means that while the platform and our compliance team will see the trader’s details, customers on the platform. For example, you can enter a fake name like CryptoJimmy29, etc.

The reason the traders need to share their trading data with our platform is to ensure that our customers are following a trader who knows what they are doing. Our system is transparent, so our customers can always know that their top trader is TRULY a top trader.

As a Singapore company we’re under quite strict regulations with storing privacy data, so this will only be shared with our compliance team. We never share it with any third parties.

Gold Rocket | Satoshi Club: Thank you very much for your answers!

Маry Satoshi CLUB: So, no way to trade on your platform without KYC?

H H (Will never PM you for funds): Customers do not require to KYC. Are not required* to KYC. Only top traders. Because we are not an exchange, we are not required to KYC participants since we are just a tech provider. But we’ll KYC top traders. For the protection of our customers.

Маry Satoshi CLUB: Oh, that’s nice! As i know not all traders like to pass it😉

H H (Will never PM you for funds): Terrorists and North Korean traders need not apply

😛

South Koreans welcome though!!

Маry Satoshi CLUB: I see😉 Thank you for your answers! Do you want to add something or we can go to the next question?😀

H H (Will never PM you for funds): Go ahead 🙂

Q3 from Telegram user @Josegamboac

We can define Alphaimpact as a “platform that educates investors in cryptocurrencies for the first time”. Does Alphaimpact have any mechanisms for teaching courses, videos, etc. in cryptocurrencies?

H H (Will never PM you for funds): Great question! Yes!

We’re actually building this platform for the 85% of people who are not already in crypto. We imagine ourselves as a social media platform that has trading functionality. Traders will be heavily incentivized with our token to produce engaging content which means that they will share not only their trading, but also the REASON and STRATEGY behind each trade. Second, we’re building our academy which will reward traders with cryptocurrency for participating tasks to learn about crypto. You’ll have the chance to learn about crypto while being rewarded! Third, we’re building out a ‘funny money’ functionality where novice traders can trade a fake portfolio before moving on to the real thing.

Feel free to join us on our telegram to learn more 🙂

Маry Satoshi CLUB: When we will can enjoy this? I mean when your platform will go fully live?

H H (Will never PM you for funds): Signals mining is launching in June. Just after IDO, maybe 2 weeks later. We’re also launching yield farming that month

Маry Satoshi CLUB: Wow! So, June promises to be hot🔥 Thank you for your answers! Do you want to add something or we can go to the next question?😉

H H (Will never PM you for funds): Next:)

Q4 from Telegram user @Jonahapagu

You recently announced announced an upcoming competition where Traders can compete against mining in June called “signal mining” can you give details about this signal mining competition, how will it work , how will users participate in it, and how will users benefit from the programme

H H (Will never PM you for funds): Signals mining is a trading competition that is 100% free for all traders to join! It’s primarily focused on top traders who want to compete against others, but don’t worry! This is designed for three types of traders: little traders (shrimps), medium sized traders (lobster) and whales! In the Signals Mining program, traders will be prompted to enter their read only API key and compete against traders with similar amounts of capital. There is no minimum, and anyone with $1 or more in their exchange account can join.

We will be hosting three ten day competitions where the prize pool increases with the number of entries. There will be up to $100,000 USDT in total across the 30 day period!

H H (Will never PM you for funds): This is a great question @jonah

These don’t sound like bot questions at all. Shout out to Satoshi Club for having real humans in their channel!

next

Маry Satoshi CLUB: Sure! We always choose the best for our guests 😊

@GoldRocket27 shoot it 🚀

Q5 from Telegram user @xperia3

Hack attacks are hitting many projects lately. Alpha Impact’s technology plugs in to users exchange account. How safe is this? Are there any risk for the users who connects their exchange account to Alpha Impact?

H H (Will never PM you for funds): Great question!

Great question. And I am really grateful for this one. My co-founder Austin Chaird spent 15 years designing trading systems for $1B hedge funds while working at some of the largest banks in the world: JP Morgan and Macquarrie bank in Australia. With his 15 years designing trading systems for these large financial institution he has deep expertise creating applications that have bank grade security. We’ve also onboarded Adrian Chung, a 20 year cybersecurity advisor from the insurance industry, to add robustness to our risk system.

The first step for us is that we cannot expose our users to any harm. As the business person on the team I am very eager to release the product quickly, but our tech team is busy testing the sh*t out of every single function on the platform to anticipate various attack vectors.

We are however very excited to announce that because we are non custodial, your funds can never get hacked from our platform. This was a deliberate choice we made and we gain customer’s permission to trade, but we’re never able to withdraw funds. So we can’t touch your money.

Маry Satoshi CLUB: As understand on your IDO you will sell your token, right?🤣

H H (Will never PM you for funds): Yep, that’s right. The IDO will give the community the ability to participate and invest in our community.

Маry Satoshi CLUB: Did you make it’s smart contract audit? Btw, what will be it’s ticker?

H H (Will never PM you for funds): IMPACT!

Or I guess as we call it here, $IMPACT

Next question whenever ready!

Q6 from Telegram user @cryptofollower

Could you please explain what kind of technology are you using for trading with our tokens without sending funds to your system or platform? Is it done with API keys? If yes, which centralized exchanges do you support for their API’s? Also when creating the API what kind of API permissions does your system need?

H H (Will never PM you for funds): Oh sorry – we haven’t done the audit yet. Great question! So for newcomers it goes like this, users give us a trade-only API key. This gives us permission to trade, but not withdraw, funds from an account. So you’re giving us permission to trade. The initial exchanges we are planning to go to market with are FTX and Binance, although we are excited by Bitfinex’s trading competition and Kucoin’s liquidity. We really like Kucoin for the Asian market coverage.

We take a standard trade-only API key meaning that customers give us the API key and the secret. Traders give us a read-only API key so we can see their portfolio movements in real time so we can allow our customers to follow the top trader right away!

I wanted to make very clear that we *NEVER* get the ability to touch user funds.

Маry Satoshi CLUB: But, sometimes even trade only APIs hacks can lead to loses. Do you remember SYS or VIA?

H H (Will never PM you for funds): Yep we are conscious of this and we are designing the architecture with these situations in mind. Sorry, no I do not. I’m not sure if those companies had former banking executives building their technology?

Маry Satoshi CLUB: 1 Sys cost was 96 btc. It were binance api hacks. They just sold at incredible high prices

H H (Will never PM you for funds): Gotcha. I remember reading about this now. Well if Binance itself can be hacked, as happened in May 2019, I think the best approach is to anticipate these risk and plan for them.

Our tech team is incredibly robust and I wanted to give a big shout out to my co-founder, Austin Chaird, and QW from the Dev team. They’re in the office right now working very hard.

Gold Rocket | Satoshi Club: Тhank you very much for your great answers in the first part! Ready for the most exciting part of our AMA – live questions?

H H (Will never PM you for funds): Yes!

Part 2 — live questions from the Telegram community

Q1 from Telegram User @doithay1617

Hello @H7944811

Does Apha Impact currently have any contests for members?

H H (Will never PM you for funds):

Yes absolutely! We are currently running two competitions – a YouTube competition and a WHITELIST LOTTERY competition so you can win a spot on our whitelist! Find out more on https://t.me/alphaimpact_fi

Q2 from Telegram User @highpee

Users will be allowed to COPY TRADING PATTERN of expert traders. How do you determine and measure trading expertise on your social trading platform? Will there be any RATINGS or EXPERT leaderboard that will rank them based on their expertise and trading success so as to be able to easily identify the good ones? How many traders can a user copy and do the use of this service require fees payment to trader?

H H (Will never PM you for funds):

Great question. We have a leaderboard of top traders but one thing we want to make very clear is that we cater to all trader types. Investors will be able to choose different leaderboards : highest performance, most consistent performance, lowest drawdown, highest sharpe ratio and more!

Users who stake the bottom tier or no tokens may follow 1 trader while users who stake higher tiers of tokens may stake up to 8 traders.

Q3 from Telegram User @Wong2008

You montion that your platform only deals with highly traded tokens…do you mean only tokens with high trading volum or something else?

H H (Will never PM you for funds):

Highly traded. $25M in daily volume. We also have some other ratios we use to weed out bad traders and ensure they are not incentivizing unnecessary trades, such as the trading volume to average trader volume ratio, volume to ROI ratio, and more!

Q4 from Telegram User @PyaraLarka

When IDO? and how i can participate in $IMPACT IDO?

H H (Will never PM you for funds):

The IDO is happening on June 3rd! We’re announcing whitelist details THIS WEEK on our telegram channel!

Crypto Social Trading

Democratizing Crypto Investing Knowledge

When moon? IDO June 3rd! Stay tuned to our Telegram to find out more details

Q5 from Telegram User @atillayeni

The signal groups are pumping and dumping tokens and everytime I try I loose money with them. What’s the difference of your signal system?

H H (Will never PM you for funds):

We don’t sell signals. We give you many different traders and you decide which trader to follow based on that trader’s real portfolio and their real trades.

Those signal groups are just pump and dumps. Total rubbish. This is human driven and only for top tokens.

Q6 from Telegram User @NataliyaKil

“Find a strategy for you: high risk high reward, or low risk stable reward”!  So can you talk about these strategies and risks to consider and give us a couple of examples?

H H (Will never PM you for funds):

Sure. The high risk strategy is one I am in the process of executing. Buying up tokens that have dropped 40% or more over the past week, like ADA and LUNA.

The low risk strategy would be one I haven’t done yet, but one my friends are doing: the basis trade. Long the spot and short the perp futures, this trade returns around 40-100% per year and is market neutral meaning if the price goes up or down your performance is not affected

Q7 from Telegram User @kimterbear

You mentioned about the whitelist lottery earlier. Since it is a lottery, how will you establish honesty and transparency in the draw of this?

H H (Will never PM you for funds):

Great question! Super.

We’re announcing the details of our Whitelist Lottery this week. Head over to our Telegram to find out more!

Q8 from Telegram User @JoanaZ

➡️Alpha Impact it’s a very well developed platform, but just for curiousity, have you considered create your own native app to Mobile devices?

H H (Will never PM you for funds):

We’re excited to build this as a web app first, but I can assure you we are exploring building an app 🙂

Q9 from Telegram User @Gutike95

Users should connect Alpha Impact with their exchange platforms of their choice, right? If so, my question is the following, are all Cex exchangers compatible with Alpha Impact? If not, could you tell us with which platforms if it will be available? And also, do you plan to expand with Dex exchangers in the near future?

H H (Will never PM you for funds):

Yep so for starters we’re focused on CEX exchanges: Binance, FTX, Bitfinex, Kucoin

After that we are building smart contracts to let you do On chain social trading for a fixed period of time, in a pooled investment, so you can follow a top trader with others and save on gas fees!

Q10 from Telegram User @Rod092317

Can you help users interested in this project by sharing all the useful links to stay updated about this project.        ?

H H (Will never PM you for funds):

Alpha Impact socials:

Website: http://alphaimpact.fi/

Twitter: https://www.twitter.com/alphaimpact_fi

Official Telegram: https://t.me/alphaimpact_fi

Vietnamese Telegram: https://t.me/alphaimpact_fi_VN

Vietnamese ANN Telegram: https://t.me/alphaimpact_fi_VN_ANN

ANN Telegram: https://t.me/alphaimpact_fi_ANN

Indian Telegram: https://t.me/alphaimpact_india

Medium: https://alphaimpact.medium.com/

WP: https://docsend.com/view/p4gnc5tzci4maegr

alphaimpact.fi

Crypto Social Trading

Democratizing Crypto Investing Knowledge

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Alpha Impact. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
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