- Each Crypto Strategy manager can combine both
The copying fee is an annual fee that is charged in small proportions daily to users who copy Crypto Strategies (users added funds (invested) - meaning they copy selected Crypro Strategy with their funds). Crypto Strategy Experts/managers profit from the copying 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 copying fee between 1 and 10%
- Private Crypto Strategies: Crypto Strategy Experts 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 following fees here by clicking on a specific Crypto Strategy.
- How the copying fee is calculated
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 is Crypto Strategy manager payed
Please check this article.
- What does the fee mean for a Crypto Strategy copier (investor)
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 manager reduces a copying fee, such a reduction takes immediate effect.
If, however, a Crypto Strategy manager decides to increase a copying fee, existing copiers (investors) will receive email notification of such a planned increase. However, the new copying fee will only apply after one month or more (copiers (investors) will receive another email on the day the new copying fee takes effect) giving the copiers (investors) a chance to reconsider their investment options. If copiers (investors) 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 (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 > Overview (or Settings) tab > Fees section > click on "Change"
Note: Please find information on other ICONOMI fees here.