Copying fee (Crypto Strategies)

Note: Anytime Crypto Strategy fees are collected they are split between ICONOMI, the Crypto Strategy Strategist, and the referrer/user according to the Referral program (after VAT).

• Each Strategist can combine both

- the copying fee (between 1 and 10% annually) and
- the performance fee (up to 30%)

Copying fee

The copying fee is an annual fee that is charged in small proportions daily (annual fee/365) to users who copy Crypto Strategies (users added funds - meaning they copy selected Crypro Strategy with their funds). It is collected every night and distributed in the first week of the following month according to the referral program.

Crypto Strategy Strategists profit from the copying fee for their services in managing the Crypto Strategy. Strategists get paid monthly in the first week of the following month.

• Setting up

- Public Crypto Strategies: Strategists can set the yearly copying fee between 1 and 10% 
- Private Crypto Strategies: Strategists can set the yearly copying fee between 0 and 10%

Please find information on how to change the fee at the bottom of this article. 

You can check specific Crypto Strategy copying fees here by clicking on a specific Crypto Strategy.

• How the copying fee is calculated?

Example:

If the Crypto strategy copying fee is 3%, a portion of the copying fee is charged daily from the sum value of all assets copying the strategy (ACS). To help understand this is a very simplified formula for the copying fee: 3%/365 = daily charge (3%/365 = 0.00821% per day).

• How is the fee collected?

The copying fee is an annual fee that is charged in small proportions daily to users who copy Crypto Strategy with their funds.

• How are Crypto Strategy Strategists and referrers paid?

Please check the article "How do I get paid?".

• What does the fee mean for a Crypto Strategy copier?

The copying fee is an annual fee that is charged in small proportions daily to users who copy Crypto Strategy.

• Changing the fee

Copying fee can be changed twice a year.

When do changes take effect?

In case a Crypto Strategy Strategist reduces a copying fee, such a reduction takes immediate effect.
If, however, a Crypto Strategy Strategist decides to increase a copying fee, existing copiers will receive email notification of such a planned increase. However, the new copying fee will only apply after ten days, giving the copiers a chance to reconsider their investment options. Copiers will receive another email on the day the new copying fee takes effect. If copiers don’t agree with the change of fees for the Crypto Strategy they are copying with their funds, they can remove funds from copying the strategy any time they want.

How do you as a Strategist change the fee?

Login to your ICONOMI account and follow these steps:
Changing the fee: Login > My Strategy > Overview (or Settings) tab > Fees section > click on "Change"

Note: Please find information on other ICONOMI fees here.