The turmoil in the crypto markets has led to great uncertainty for investors.
Unsubstantiated rumors are raging on Twitter, causing panic. Just recently, seemingly credible accounts warned that Mt. Gox was set to dump 140,000 BTC into the market…even though payouts could be weeks away.
Rampant misinformation and conflicting reports mean that crypto enthusiasts often don’t know where to turn for information they can trust. But one platform says it has the answer: connecting experienced traders with newcomers looking for advice.
ICONOMI allows seasoned professionals to create a crypto strategy and share it with others. From there, they have a stake in their own success, which means they’re in the same boat as people who follow their tactics and copy their moves.
This can be appealing for many reasons. First, having a connection with top professionals – whose backgrounds can be easily verified – is invaluable. And given that crypto markets never stand still, many retail investors who believe in digital assets simply don’t have time to react to wild swings 24/7. According to ICONOMI, top strategists on its site are monitoring the pulse around the clock and diversifying portfolios to help mitigate risk.
A promising start – but it’s important to point out that ICONOMI is much more than what it needs.
A true social trading platform
One of the biggest advantages of ICONOMI is that it is a social trading platform, giving crypto enthusiasts an environment where they can talk to each other. Strategists can explain the reasons for their decision to rebalance a portfolio, and users can seek insights and analysis from reputable professionals.
According to ICONOMI, there are a few features that separate its copy trading offering from others in the market. For one, users retain full control of their assets at all times, giving them the freedom to make withdrawals whenever they want. Importantly, the fees retail investors pay to impersonate a strategist are directly related to portfolio performance.
If you’re looking for an imaginative Christmas gift, gift cards are available so you can refer friends and family to your favorite strategists – and best of all, users can make regular deposits and automatically get a exposure to their chosen portfolios, benefiting from a tried-and-trusted tactic known as cost averaging.
But as its vibrant ecosystem grows, there’s even more to come: as users gain confidence, they also have an irresistible opportunity to create their own strategies. It can be set up in minutes – with a huge range of cryptocurrencies to choose from. Portfolios can be adjusted and changed with a click, and they can be private or public.
ICONOMI says this sweetens the deal with a sophisticated trading algorithm that checks over a dozen exchanges in real time, ensuring strategists and copycats get the best possible prices whenever crypto-assets are purchased. or sold.
An exciting market
For the future, ICONOMI plans to improve its platform and develop its engine to offer even faster trading. And to spread the word even further, engaging partnerships are planned with influencers and companies that have established a reputation in the crypto world. It also enters the UK market and now accepts deposits in GBP.
For those new to what this website has to offer, the best thing to do is to explore and see how the current strategists are faring so far. There are endless vital statistics to review, including the current value of assets under management, the number of people copying a strategy, and charts illustrating its performance over multiple time periods.
ICONOMI is here to stay – and could be the ultimate democratizing force in crypto.
Disclaimer. Cointelegraph does not endorse any content or product on this page. Although we aim to provide you with all important information we may obtain, readers should do their own research before taking any action related to the company and take full responsibility for their decisions, and this article cannot no longer be considered as investment advice.