- Each Crypto Strategy manager can combine both
The following fee is an annual fee that is charged in small proportions daily to users who follow Crypto Strategies (users added funds (invested) - meaning they follow selected Crypro Strategy with their funds). Crypto Strategy Experts/managers profit from the following fee for their services in managing the Crypto Strategy. Crypto Strategy Experts/managers get paid monthly by the 10th day of the following month.
- Setting up
- Public Crypto Strategies: Crypto Strategy Experts can set the yearly management fee between 1 and 10%
- Private Crypto Strategies: Crypto Strategy Experts can set the yearly management 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 following fees here by clicking on a specific Crypto Strategy.
- How the following fee is calculated
If the Crypto strategy following fee is 3%, a portion of the following fee is charged daily from the sum value of all assets following the strategy (AFS). To help understand this is a very simplified formula for the following fee: 3%/365 = daily charge (3%/365 = 0.00821% per day).
- How is the fee collected
The following fee is an annual fee that is charged in small proportions daily to users who follow Crypto Strategy with their funds.
- How is Crypto Strategy manager payed
Please check this article.
- What does the fee mean for a Crypto Strategy follower (investor)
The following fee is an annual fee that is charged in small proportions daily to users who follow Crypto Strategy.
- Changing the fee
Following fee can be changed twice a year.
When do changes take effect?
In case a Crypto Strategy manager reduces a following fee, such a reduction takes immediate effect.
If, however, a Crypto Strategy manager decides to increase a following fee, existing followers (investors) will receive email notification of such a planned increase. However, the new following fee will only apply after one month or more (followers (investors) will receive another email on the day the new following fee takes effect) giving the followers (investors) a chance to reconsider their investment options. If followers (investors) don’t agree with the change of fees for the Crypto Strategy they are following with their funds, they can remove funds from following the strategy (exit) any time they want, they can exit to euro, bitcoin, or ether.
How do you as a Crypto Strategy manager change the fee?
Login to your ICONOMI account and follow these steps:
Changing the fee: Login > My Strategy > Dashboard tab > Overview section > click on "Change" beside the Following Fee / Perform. Fee
Note: Please find information on other ICONOMI fees here.