Starting on August 20, 2019, ICONOMI will be listing a Crypto Fund managed by one of the world’s leading information sources for crypto investors – CryptoPotato and its amazing community.
How to engage the Crypto Community?
ICONOMI Crypto Funds provide ease of management and very simple fund rebalancing. In most of the scenarios where content creators like CryptoPotato would like to turn community votes into a managed fund, they would face several obstacles of registering on different exchanges, buying single assets, legal questions, and of course managing the community investments.
While having a fund that takes user votes into consideration is amazing and something every content provider wants, it takes a lot of effort and responsibility. Most importantly, it takes away the focus from its primary mission – content creation.
Turnkey Crypto Funds
As most of our readers already know, ICONOMI is all about Crypto Funds. Anyone can create and manage a Crypto Fund on ICONOMI. Collaboration with CryptoPotato was therefore the next logical step. CryptoPotato engaged its community to cast votes on their favourite cryptos, while ICONOMI provided the platform that hosts the fund and allows anyone to enter the Fund structured by a mixture of the CryptoPotato community and its analysts with a proven track record.
In order to collect votes from the CryptoPotato news portal, ICONOMI developers wrote a widget that lists all 70+ currencies supported by ICONOMI. Each CryptoPotato visitor had the ability to cast three votes via the widget and affect the final structure of the fund. In order to make things even more interesting, all voters also had a chance to enter the $300 contest.
The collected votes were then recalculated and sent to a CryptoPotato top analyst for fund weightings. After that, the fund was created on the ICONOMI platform, and anyone can invest in it.
To check CryptoPotato Crypto Fund follow this link: https://my.iconomi.com/asset/CRYPTOPOTATO
What does all this mean?
The CryptoPotato fund was created with the help of the community and will also be managed by its community. This means users who invest in the fund will have an ability to cast votes each quarter and affect the new structure of the fund – making CryptoPotato the world’s first community-managed fund. Meanwhile, the fund will be carefully managed by CryptoPotato analysts.
ICONOMI turnkey Crypto Funds provide an amazing foundation for different communities interested in Crypto, opening doors for possible charity funds, funds managed by gamers, or simply a fund that resonates a voice of a larger community.
In case you missed it, you can also create your own private Crypto Fund here, and remember, In diversification we trust.