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.
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 > Select DAA you want to buy into > 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
- Maximum amount - each DAA has an individual buy/sell limit (per 24h): $10,000.00
- Buy: no entry fee
- Sell: 0.5% exit fee per transaction
- Management Fee: differs depending on the DAA
For example, if the DAA management fee is 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.