Private vs. Public Crypto Strategies (Strategies visibility switching)

What is the difference between a private and public Crypto Strategy?
How can a Crypto Strategy Manager go public with their private Crypto Strategy?

Strategies visibility switching - be in control (as a Crypto Strategy manager) of who can access your Strategy.

Managers can switch between the visibility of their Crypto Strategy.

There are three different settings:

A. Private
B. Ask for invite
C. Public

A. Private Crypto Strategy

Main characteristics:
- Hidden
- No direct URL
- Invite copiers, friends, and family via email invitations
- Earn from fees

Everyone can create and manage their own Crypto Strategy at ICONOMI.

Every created Crypto Strategy is private and hidden by default. These private strategies are not accessible via URL and are not visible in the catalog of ICONOMI products/discover page. You can still invite your friends and family to copy your strategy.

Investors/users can get access and start copying a private Crypto Strategy only by email invitations sent to them via the ICONOMI platform by Crypto Strategy managers. After the investor/user accepts the invitation, the private Crypto Strategy becomes visible for them on their ICONOMI account products/discover page.

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

B. Ask for invite Crypto Strategy

Main characteristics:
- Visible only via URL
- Copiers need to ask for an invite first
- Sharable link with “Ask for invite” button
- Invite copiers directly
- Earn from fees

Invite only strategies generate a URL that you can share with anyone. Only those who possess the URL can see the strategy. These Crypto Strategies are not visible in the catalog of ICONOMI products/discover page.

Anyone who possesses the URL can copy the strategy, but only if a Crypto Strategy manager approves them. This means that the potential copier needs to “Ask for an invite“ ("Ask for the invite" option is available after login and selecting the Strategy), and the manager may respond to that proposal. Also, the Crypto Strategy manager can invite potential copiers directly via email invitations. This simply means that the managers are still in control of who copies their strategy.

• How to go Ask for invite

Going Ask for invite: Log in to your ICONOMI account > go to My Crypto Strategies option > select your Crypto Strategy > go to the "Settings" tab > "Strategy visibility" section > follow the onscreen instructions

C. Public Crypto Strategies

Main characteristics:
- Discoverable on ICONOMI
- Anyone can copy the strategy
- Invite copiers directly
- Earn from fees

Public Crypto Strategies appear in the catalog of ICONOMI products/discover page and are visible to all users/visitors of the page, and everyone can start copying these Crypto Strategies without “Ask for invite“ limitations. 

A Private Crypto Strategy can go public under the below written ICONOMI rules and conditions.

Crypto Strategy managers that fit the requirements of going public will get notified via email about their eligibility. After that point, the manager can log in to the platform and decide whether to stay private (as is) or go public.

• The Criteria to go public

- must have at least €5000 ACS (assets copying strategy) in the last 28 days

After reaching €5000 ACS, the manager can check the countdown when Strategy will be eligible to go Public under the Strategy Settings tab.

Note: once you go public, you can only switch to another visibility after another 28 days.

• How to go public

Crypto Strategies that fit the requirements:

Going Public: Log in to ICONOMI account > go to My Crypto Strategies option > select your Crypto Strategy > go to the "Settings" tab > "Strategy visibility" section > follow the onscreen instructions

D. "Verified" Public Crypto Strategy - custom upgrade (strategy verified by ICONOMI)

Verified Crypto Strategies appear in the catalog of ICONOMI products/discover page, are visible to all users/visitors of the page, and everyone can start copying these Crypto Strategies without limitation (no invitations needed). In the ICONOMI's catalogue, products/discover page, this strategy is marked as "Verified" and the Crypto Strategy manager becomes a Crypto Strategy expert.

Requirements:

- above-average Assets Copying the Strategy (ACS) and longer track record: both negotiated via [e-mail]
- Pass our due diligence process: a Skype call with our Sales department with a purpose to get to know each other better and establish cooperation on a higher level.

Please find an additional explanation on "Verified" Crypto Strategies as follows:

First managers that were onboarded to ICONOMI entered with a minimum of €100k seed (https://medium.com/iconominet/57218ae0f68f). This provided much required "skin in-game" by the manager, ensuring the manager's engagement and level of commitment we needed. As the ICONOMI platform developed further, we decreased certain levels, but still wanted to differentiate first onboarded experts with a long track record and >€50k of their own funds.

Currently, "verified" status is something public strategies may acquire either by increasing their (manager's) own investment to a matched €15-20k seed or by an extraordinary user acquisition resulting in above-average ACS (assets coping strategy). Keep in mind "verified" statuses are declared at the end of each year after the ICONOMI team reviews the requests.

If you are interested in your Public Crypto Strategy upgrade, please send us an email at [e-mail].

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 articles "What is a Crypto Strategy and how does it work?" and "The main perks of having your own Crypto Strategy".