What is a Crypto Strategy and how does it work?

"With Instagram, anyone can be a photographer. With Uber, anyone can be a taxi driver, and now with ICONOMI, anyone can create and manage their own Crypto Strategy”.

• What is a Crypto Strategy?

A Crypto Strategy is a collection (basket) of multiple cryptocurrencies, providing instant diversification. 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.

Crypto Strategies are managed by experienced investors – ICONOMI Crypto Strategies Experts. You can add funds/follow (invest) ICONOMI experts’ Crypto Strategy with just a few clicks. You can see the list of Crypto Strategies available for you to follow here. 

You can also create and manage your own Crypto Strategy. Please find the information on how to create a Crypto Strategy here. As a Crypto Strategy Expert/Manager you can invite others to add funds/follow (invest) your Crypto Strategy and earn a little extra. And why else should you create and manage your own Crypto Strategy? Please check the article The main perks of having your own Crypto Strategy. 

While ICONOMI is taking care of the complexity behind the technology, users can add funds/follow (invest) in or create their own Crypto Strategies in just minutes.

ICONOMI platform provides a simple and elegant user interface while relieving the users of the complexities that deal with multiple exchange accounts, setting up complex orders, transferring cryptocurrencies from one exchange to another, trading, storage, pricing, etc., thereby providing superb user experience. Everything is done on ICONOMI platform, with you owning only one account.

On one hand, Crypto Strategies are a great entry point for beginners, for those who would like to invest their money into cryptocurrencies, but are not sure where to begin. That is where Crypto Strategies managed by ICONOMI Experts come in handy. ICONOMI Experts choose the cryptocurrencies and adjust the strategies depending on market conditions, while followers (investors) can sit back and track their investments anytime and anywhere.

On the other hand, we are also thinking about Crypto-savvy investors. For them to be able to create and manage their own Crypto Strategies is a cherry on top of their investment journey. With ICONOMI Crypto Strategies, they don’t need several exchange accounts anymore, they can manage 75+ cryptocurrencies through a single account at ICONOMI, and invite others to follow their strategy.

• Why add funds/follow (invest) a Crypto Strategy?

- It saves you time (Experts do the hard work)
- It’s less risky (diversification is key – your investments are diversified)
- One click diversification: when adding funds/following Crypto Strategies, you invest in multiple cryptocurrencies with a single click. (75+ cryptos in one place)

• Who are the ICONOMI Crypto Strategy Experts?

Our experts come from a diverse variety of backgrounds in both the traditional finance and crypto-economic worlds. We offer over 35 different Crypto Strategies you can invest in, with strategies ranging from the conservative to the more performance-oriented ones.

• How does it work?

When you add funds/follow (invest) a Crypto Strategy your investment gets diversified across all cryptocurrencies that are in strategy structure.

Let’s take a look at an example to make it easier for you:

Let’s say you invest 100 units (100 BTC, 100 EUR, 100 USD, etc.) - you add 100 units to follow a Crypto Strategy with a structure (index weights) of:

- Bitcoin (BTC) 30%,
- Ether (ETH) 27%,
- EOS (EOS) 19%,
- Litecoin (LTC) 15%,
- Monero (XMR) 9%

With just one click, your investment (100 units) is diversified into the exact same percentages of cryptocurrencies that are in the strategy structure (30 units go to BTC, 27 to ETH, 19 to EOS, etc.).

• Am I (Crypto Strategy follower) the owner of my investments/assets at all times?

Yes. The Crypto Strategy Manager/Expert does not have access to your assets. The only owner of the assets is you. All users assets are safely put into ICONOMI’s storage, where ICONOMI holds users assets on their name and on their behalf. The assets are secured and stored in ICONOMI’s proprietary system of hot and cold wallets. It includes a multi-level / multi-signature structure and specially designed processes that we follow.

Please find additional information in the article "Safeguarding of assets".

• Can I create my own Crypto Strategy?

Yes. Please find the information on how to create a Crypto Strategy here.

We want you to know everything about Crypto Strategies. Thus, we invite you to also check out other materials on the subject: “Crypto Strategies managed by ICONOMI Experts” and the article "The main perks of having your own Crypto Strategy".