Crypto Strategies

It’s no wonder that for a new user, or even an experienced crypto investor for that matter, the market can be overwhelming. Choosing what to invest in, when to go out of the market, and when to take profits are but a few questions an investor asks themselves every day. That’s why, sometimes, the best course of action is to copy those who have proven themselves to know how to navigate the market and have the grit to carry on through bad and good times. At ICONOMI, we can establish a connection between those who know and those who want to copy them.

The overwhelming number of crypto assets coupled with the complex technological features involved make it hard for beginner traders to navigate the multiple options. However, copying someone’s crypto strategy is one way of benefiting from traders’ experience and knowledge. Copy trading is a method that allows one to copy the trades of other people. It eliminates the stress and allows one to place their faith in a proven professional. This strategy is ideal for investors just starting out, as it allows them to make their own decisions without having to consider the various factors that affect their risk tolerance.

At ICONOMI, a Crypto Strategy is a collection of crypto assets chosen and led by a Strategist. They can rebalance the Strategy whenever they see fit, according to the market conditions. Other users can then view the performance of the Strategy and copy it, performing the exact same moves as the Strategist. As such, it is also ideal for experienced traders who are looking to share their knowledge and expertise. Here are the main benefits of Crypto Strategies:

Diversification

Instant diversification is one of the key advantages of copy trading, balancing risk and reward, especially in the volatile crypto market. If someone owns a wide range of assets, the pain of one of them losing a lot of value will be mitigated by other assets which might not lose as much.

A copier on ICONOMI will immediately diversify their portfolio when they copy someone else, assuming they select such a Strategist. They can also copy multiple Strategies at once, diversifying their portfolio even more.

Incentive

Both the copier and the Strategist profit from the Strategy doing well, as the performance fee is specifically designed to be paid only when the Strategy performs. Not only that, with constant good performance come more copiers, further increasing assets copying the Strategy, thus further increasing the fees the Strategists collect. So they will always have a monetary incentive to make the correct choices. Not to mention, it feels good to spread your knowledge and help other people out with their investments.

Transparent fees

As mentioned above, Crypto Strategies live off of fees. Each Strategy has them set up differently, and they can be seen on the Strategy’s page. In short, the performance fee is collected only when a copier’s seed investment increases in value. Next, the copy fee percentage measures how much a copier pays on a yearly basis, a small portion of which is paid every day. And the Sell/Exit cost is fixed at 0.5%, and it covers the copier’s trading costs.

The copier always owns their assets

No matter what, the copier is always the owner of their assets. The Strategist does not have control over their copiers’ assets, and the copier can stop coping a Strategy at any time, for any reason.

All assets deposited are secured and stored in ICONOMI’s proprietary system of hot and cold wallets, including a multi-level / multi-signature structure and specially designed processes that we follow.

Each trade made to be the best

ICONOMI’s Crypto Strategies exist on top of blockchains; instead of being locked to a single exchange, trades on ICONOMI are performed across multiple top ones. Our trading engine looks at these exchanges and brings the best price and liquidity for each trade performed. These differences may be small, but in the long run, they can prove to be quite profitable. Trading is further enhanced by our trading algorithms, where users can select the best speed the algorithm should work on to squeeze out more profit from the market depending on the situation.

Automated trading using Rules

No one can be online 24/7, but the crypto market never sleeps. Each Strategy has access to Rules, and copiers can see if any are active. Rules are automated rebalances, pre-set by the Strategist, and are active all the time. So, if the market turns for the worse, there may be a rule waiting to jump in and save the day.

Social trading

Another part of the ICONOMI platform is the social hub, where crypto enthusiasts can share their thoughts and predictions about the crypto market. Strategists can explain the rationale behind their decisions, and users can seek insight and analysis from professionals with a proven track record.

Sign up for copy trading with ICONOMI

Offering hundreds of public Crypto Strategies, ICONOMI is the best platform for crypto copy trading. Diversify your portfolio, copy the best traders on the market, and invest with ease. You can create an account and start investing in crypto within minutes.