At this time you can only buy into DAAs with BTC or ETH on the ICONOMI platform.
The ICN and CFI wallet functions are only used as a storage device.
1. Buying into a DAA
Buying into a DAA takes just a few clicks. Simply log into your ICONOMI account and follow these steps:
Buy: Login > Dashboard > Buy > Select Digital Asset you want to use > Enter the Amount of Digital Assets to spend or Amount of DAA to receive > Follow the on-screen instructions
- Minimum amount per buy/sell: $10.00
- Daily buy/sell limit (per 24h): $10,000.00
Fees will vary depending on the DAA.
BLX DAA fees:
- Buy: no fee
- Sell: 0.5% exit fee per transaction
- Management Fee: 3%. A portion of the management fee is charged daily from total AUM (Assets Under Management). Formula for management fee: 3%/365 = daily charge (3%/365 = 0.00821% per day). This does not change a number of tokens users are holding.