Let's start with a general definition of strategy: A detailed plan for achieving success in situations such as business, industry, or sport, or the skill of planning for such situations.
- Crypto Strategy
The feature that simplifies holding of different crypto assets in user-friendly templates. The main focus is on different crypto-assets and their weighting.
A Crypto Strategy is a collection (basket) of multiple cryptocurrencies, providing instant diversification. It is a template of different crypto asset weights, used to communicate with the ICONOMI trading engine as an instruction on which assets to either buy or sell.
Have you heard of the expression “Don’t put all of your eggs in one basket”? This is basically one of the most known investment techniques, which aims to maximize the potential profit and minimizes risks concerning cryptocurrency investing.
It can be difficult to choose which cryptocurrency to buy since there are thousands available on the market. ICONOMI Crypto Strategies help people solve the problem of not having enough knowledge and time to invest in cryptocurrencies.
An ICONOMI user that leads a Crypto Strategy and can share crypto knowledge via that Crypto strategy. Strategists set the Strategy structure by choosing crypto assets included in the Strategy and their weights. They rebalance the structure at any time and set the fees, and can invite others to copy their Crypto Strategy and earn a little extra.
An ICONOMI user that wants to be exposed to Strategist crypto knowledge and or experience. Crypto Strategy Copier enters a relationship with the Strategist via copying a Crypto Strategy. This is done with just a few clicks. You can take a look at the list of Crypto Strategies available.
From that relationship, a Copier receives updates and changes - automatically has items synchronised via re-balancing submitted by the Strategist that trigger changes from the initial Crypto Strategy template - their copied assets perform the same actions as set by the Strategist.
- Copy Crypto Strategy
An action of entering the social trading relationship between Copier and Strategist. Copying Crypto Strategy means a real-time reflection of the template of assets between Strategist and Copier until the Copier ends the relationship. The Copier has complete oversight over his assets and can/may stop copying the Crypto Strategy at any time.
- Stop copying Crypto Strategy
Unwinding positions into predefined assets (for example into ETH, BTC, EUR, GBP, USDT, USDC, ...).
- Assets Copying Strategy (ACS)
Represents the sum value of all assets copying strategy. Including funds added by Crypto Strategy Copiers and funds by Strategist.
- Rebalancing - changing/adjusting the Crypto Strategy structure
An action of changing the Crypto Strategy template, leading to formed orders on exchanges that match the new Crypto Strategy template.
You can also create and lead your own Crypto Strategy