CRUSH CRYPTO CORE DAA FAQ
What is the Crush Crypto Core (CCC) DAA?
The Crush Crypto Core DAA is an actively managed portfolio of digital assets that people can directly invest in through the ICONOMI platform. (See "What is a Digital Asset Array (DAA)?" below.)
The objective of CCC is to outperform a model portfolio comprised of 50% Bitcoin and 50% Ether through the rigorous asset selection approach employed by Crush Crypto, and at the same time provide diversification benefits.
What are the key features?
As CCC is provided through the ICONOMI digital assets management platform, key features include:
Why should I invest with Crush Crypto?
Crush Crypto is one of the most established and popular independent research platforms on cryptocurrency investing. As of October
2017, the team has provided in-depth research reports on over 40 cryptocurrencies with a strong performance track record.
The team has extensive experience in investing, asset management, and investment research. The Crush Crypto Core DAA (CCC) will be managed by Victor Lai, CFA, who is specialized in fundamental analysis and investing, with experience in asset allocation, investment strategy, and portfolio management. Prior to moving into the cryptocurrency space, his prior roles involved analyzing investment opportunities in different asset classes - equities, bonds, commodities, real estate, and derivatives.
In addition, Crush Crypto underwent rigorous screening by ICONOMI and was selected as one of their first DAA managers. There were over 150 applications for the first group of DAA managers from many qualified individuals and organizations and Crush Crypto was one of the 12 selected ones.
The Crush Crypto team also personally put in US$100,000 to provide the seed funding for CCC so they have the best interests of CCC participants in mind.
What are the extra perks?
As a way to thank our supporters, on top of enjoying the benefits provided by CCC, we will provide extra perks to anyone with a total contribution over 15 Ether or 100 Ether in CCC (or the equivalent amounts in Bitcoin).
What is your track record?
We track and publish the real-time performance of our recommendations to provide accountability and transparency in what we do. We are proud to see that our track record shows our research and recommendations add substantial value.
On average, as of October 4, 2017, projects that we gave a positive rating generated a return of 419%, projects with a neutral rating generated a return of 38% and projects with a negative rating generated a return of -3%. Please visit see our Returns & Reviews Summary page for more information and for our latest performance.
Why did you choose to partner with ICONOMI?
ICONOMI is a well-known fintech company focused on digital assets management and we are excited to partner with them. They are one of the few ICO projects that have delivered on what they have promised to do so far and have earned a high regard in the crypto community. Some of the reasons why we decided to partner with ICONOMI:
About the Crush Crypto Core DAA
What is the portfolio strategy of CCC?
CCC is for people who want to invest in a basket of high-quality and undervalued cryptocurrency assets, serving as a “core holding” for their long-term portfolio.
50% of the portfolio is comprised of blockchain protocols that have real-world usage.
This portion is considered to be the “core” of the DAA and the holdings will not change dramatically each month.
50% of the portfolio is comprised of high-quality and undervalued tokens.
These tokens are selected based on Crush Crypto’s benchmark evaluation process. This portion is expected to deliver a higher return and is expected to change and rebalance more frequently on a monthly basis.
What digital assets can CCC invest in?
CCC can invest in three generations of digital assets - Bitcoin (first generation), altcoins (second generation) and application tokens (third generation) which may represent stakes in services such as prediction markets, micropayments, smart contracts, remittance, games, distributed computing, and more. Here is a sample list:
Please click here for the most complete and up to date list from ICONOMI. ICONOMI will continue to add more coins/tokens in the near future.
Can CCC invest in ICOs?
No, CCC can only invest in existing cryptocurrencies and tokens
. This actually removes any potential conflict of interest as we will continue to provide research and analysis on ICOs through our platform .
What is the fee structure?
CCC charges a flat annual management fee of 2.5% on the invested amount. This fee is automatically deducted on a prorated basis every day by ICONOMI. There is also a 0.5% exit fee (charged at DAA withdrawal) which is standard across all ICONOMI DAAs. There are no additional fees or costs.
How do I keep track of how CCC is performing?
You can track the returns of CCC and other DAAs directly on the ICONOMI website. The performance of CCC is updated in real time.
How does CCC compare to other crypto investment funds such as TAAS or Astronaut?
As CCC is provided through the ICONOMI digital assets management platform, these are some of our advantages:
What is ICONOMI?
ICONOMI is a fintech company that manages a blockchain-based platform that allows anyone - from beginners to blockchain experts - to easily invest in digital assets such as cryptocurrencies (Bitcoin, Ether, Monero, Dash, etc.) and application tokens (OmiseGo, Qtum, Civic, etc.). They were established in early 2016 and went through a successful ICO (see Forbes article), raising over $10 million in September 2016. ICONOMI is currently listed under the symbol ICN on various cryptocurrency exchanges, including Kraken, Binance and Liqui.
Since the ICONOMI platform opened for registration in August 2017, more than 16,000 new users have signed up, depositing over $100 million in digital assets. As of October 1, 2017, ICONOMI had a market cap of approximately $145 million. For more information, please visit their website at https://www.iconomi.net (or see their whitepaper).
What is a Digital Asset Array (DAA)?
ICONOMI enables users to invest in and manage various digital assets and combinations of digital assets called DAAs. Crush Crypto Core is one of the DAAs that investors can choose to invest in. Through ICONOMI, you can have a diversified array to maximize value stability or a higher-risk array tuned to aggressively pursue maximal gains. There are 3 features of DAAs:
Technical definition: The DAA is a cryptographic token solution, developed by Iconomi, which operates on the Ethereum public blockchain. DAA is a software product as its content presents a source code, including elements of a smart contract and application features. DAA can be custom fit for a wide arrange of purposes and may include a number of chosen digital assets. Consequently, its main feature is that it saves time and transaction costs to those users, who wish to obtain cryptographic tokens of different digital assets.
Why should I become a DAA investor?
Investors can choose from a range of DAAs on ICONOMI, searching by performance, market cap, and other technical parameters.
Who manages the DAAs?
DAAs are managed by DAA managers (such as Crush Crypto) who can utilize their own digital assets management strategies and share them with the community. Investors can choose between various DAAs and invest their digital assets into those they find most promising. Good performance builds the DAA manager's reputation and attracts new investors, who get access to proven expertise and results in return.
How To Invest
Who can invest?
At the moment, anyone except for citizens of the United States, Canada or Saint Vincent and the Grenadines are eligible to invest. As soon as a clear decision is announced by financial regulators in these countries, these restrictions will be removed. Please stay tuned for updates.
How do I invest into CCC?
If you have an ICONOMI account already, here is the link to purchase CCC directly: https://www.iconomi.net/dashboard/#/buy/CCC.
If you don't have an ICONOMI account, you can purchase CCC in three easy steps:
How do I sell CCC?
Selling CCC or any other DAA is just as easy as buying it. Simply login to your ICONOMI account and follow these steps:
If you wish to withdraw your funds from ICONOMI, please see "How do I make a withdrawal?"
What is the minimum and maximum amount that I can buy or sell?
The minimum amount per buy/sell is $10. The daily buy/sell limit (per 24 hours) is $10,000. These amounts are standard across the ICONOMI platform.
Is there a lock up period?
There is no lock up. You can convert your DAA holdings back into Bitcoin, Ether or any of ICONOMI's other supported digital assets at any time.
Deposits and Withdrawals
How do I make a deposit to ICONOMI?
For more information on the deposit options and execution times for each supported digital asset on ICONOMI's platform, please click here. All deposits have zero fees.
To make a deposit, login to your ICONOMI account and follow these steps:
Note: Always check the address you are sending to and make sure the receiving address supports the digital asset you are attempting to transfer. Before sending larger amounts, we recommend sending a small amount first as a test.
How do I make a withdrawal?
You can easily sell your holdings in any DAA and withdraw your cryptocurrencies from the ICONOMI platform at any time. Please refer to this page for information on the ICONOMI platform’s execution times and withdrawal fees for each supported digital asset.
To make a withdrawal, login to your ICONOMI account and follow these steps: