ICONOMI introduces Performance Fees for Crypto Strategies
We were looking for that one more special raison d’être for people to join ICONOMI. And we’ve found it. We are happy to be the first in the crypto world to introduce something new, Performance Fees for Crypto Strategies.
By enabling performance fees, we’ve created a fair mechanism to align the interests of professional Crypto Strategy managers and investors. We believe that hard work should always be rewarded and that motivation for investing will be higher from both sides.
Autograph your work with excellence....
Crypto Strategy managers are now able to monetize their knowledge by generating returns for copiers, and in turn be rewarded with a performance fee for their skills. While copiers can be sure that when the market goes down, and the Crypto Strategy is not performing well, they are spared the fees.
The benefits are:
- fees are collected only when you make a profit from your initial investment
- managers with better Crypto Strategy performance are rewarded more
- fees bring fairness and balance to the copier—manager relationship
- copiers don’t pay performance fees for strategies that do not perform
Each Crypto Strategy manager will be able to combine both the following fee (between 0 and 10% annually) and the performance fee (up to 30%). All fees are split between ICONOMI and the manager under our referral program.
. . . and get rewarded
Fees only for actual gains
In order to treat our users fairly, we have implemented the so-called “high-water mark.” What does that mean? Simply put, in case the value of a Crypto Strategy drops, you will not pay any performance fees until the value of your investment reaches the previous high. In other words, you will not pay any performance fees twice for the same amount of performance.
How about an example? Sure!
Let’s say you invest €1,000 in a Crypto Strategy with a 20% performance fee that is collected monthly. Here’s a scenario which shows how a high-water mark works:
Each Crypto Strategy manager will determine the period of collection of the performance fee – it can be weekly, monthly, or quarterly. ICONOMI will collect the performance fee directly from the users’ accounts, and will show the fee as a transaction in the users’ activity page. Managers will get paid directly to their Crypto Strategy.
All existing Crypto Strategies can introduce a performance fee, which can be changed twice a year. In case the Crypto Strategy manager reduces a performance fee, such a reduction takes immediate effect. Suppose a Crypto Strategy manager decides to increase their performance fee. In that case, there will be a transition period for existing users, who will be notified of such a planned increase and given a chance to reconsider their investment options.
Create your own Crypto Strategy today, and start making that extra profit.
Looking for more ways to attract new investors or suggest a friend to start using ICONOMI? Check out our Referral program.