Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 - page 128. (Read 70190 times)

Stéphane Ifrah explains why NaPoleonX designed trading bots for asset management.
https://www.youtube.com/watch?v=ZY5xw36R9r0

It's too early to say if it's the best, time will show us, but the project is really needed for the market and its advantage is that it supports both physical currencies and digital.

already 100 pages in the thread - NaPoleonX community is growing everyday!
i think bitcointalk is better way here. this is the best way to understand about the project. i can say most of the investors like that.

yes, the forbes article will obviously boost this project as well as its reputation will rise along it getting more huge investors on board.

cant wait to buy some tokens

Forbes isn't an indicator, he publishes many ICO projects. There is no competition in the market for crypto currency in this sector.

They do have a very innovative system, but there is definitely competition from a lot of similar projects. Only time will tell who does best, but being mentioned in Forbes is already a sign that this is a very serious project.

I also think that NapoleonX is the best project in crypto asset management. The Daf system is really disruptive and the team will offer us a well developed platform. The algorithm for each Daf will be very powerfull, I think that the benefit from NapoleonX will be incredible.

I didn't know about forbes, so if that is the case, then NaPoleonX is a very good long-term investment, and thanks to the delay, now we have more time for people to realize how good this is and bring their investments as well .

Haha
I'm smiling because this is just soooo great!

I'm sure this project will be huge when the ICO will go live.
A lot of new investors will join crypto's because of this project. Huge stock investors will come to crypto to invest in this project!

This will be great for NapoleonX and ETH.
I'm convienced that the price of ETH will raise because of this project.

Same here. But I am curios on what their partnership with chaineum will bring to the table. I assume a few Changes will be introduced in the forthcoming week. It would be nice if the dev could comment on this i.e. if any major Changes to the tokensale terms and/or other parts of interests for Investors.

NPX voters and Strategy Managers get paid in DAF tokens once a month. But what happens with the equivalent amount of ETH and the underlying assets (eg. Future contracts) in the meantime?

in crypto asset management this project is seems to be best. I like so far what i see in white paper and looking forward to join this

Well, it's becoming more and more interesting. Happy to be here since the beginning of the ANN, it's quite sure that I will invest now.

Haha, i would have hoped Forbes did a article on NapoleonX after the pre-sale so i could get a bit of a benefit over the big investors. But an article like this will help get that minimum cap, with the crypto market still a bit unstable.

Risk management is key to success and big gains without spectacular loses. If there is very clear movement on some asset you could go all in. If not it's better to play safe

you are right, agree is better(in my opinion)a small but constant earning in long time rather than a risky big gain(maybe) in short time...i think bot will be programmable to low risks/losses...

It depends on the trader. Newbie traders just trade for day to day profit. They want profit in short terms and they are the one who got into traps and lose most of the time.

I agree that it is confusing, because some of the definitions are abstract and counter-intuitive. Statements about NPX, DAF tokens and botons are fragmented over several sections in the whitepaper.

This is an example from the whitepaper:

To use the trading bots provided by the Strategy Provider, a DAF has to pay some botons. (page 16)


How does a DAF pay botons?

Botons shall be paid by each DAF on a monthly basis, by the issuance of new DAF tokens, matching the value of the botons consumed on the previous month. (page 6)

That is such a tricky sentence. It does my head in. Because I thought paying botons and consuming botons are the same thing, but here they are separate events.


Each month 25% of the profit is consumed or 'paid out' in DAF tokens, 85% to the voters and 15% to the developer. That is the prerequisite to trade again the next month.

Here is a concrete example:

Botons’ consumption is set at 25% of Performance.

As an example, if, at the beginning of a month, a DAF has a Net Asset Value of 100’000 ETH, and if there are 100’000 DAF tokens, then the NAV of the DAF token amounts to 1 ETH. If the Performance is 10% at the end of such month, then the gross performance (execution costs excluded) is of 10’000 ETH, of which 2’500 ETH represents the botons’ consumption (25% of 10’000 ETH). As a consequence, at the end of the month, the Net Asset Value of a DAF token equals 1 x (1 + 10% x (1-25%)) = 1.075 ETH. Then, 2’325.5814 DAF tokens (2’500/1.075) shall be issued among which 1’976.74419 (85% x 2’325.5814) shall be allocated to the NPX token holders having participated to the voting sessions involving the eligibility of the trading bots used by the DAF. (page 17)


Also, no botons are consumed when suffering loss:

If a given strategy or blend of strategies experienced a negative monthly return followed by a positive monthly return, no botons may be collected before the highest past net performance is reached.

Let me work that out:

Start of January. DAF ICO = DAF NAV = 100’000 ETH.
End of January, Performance 10%. Botons consumed = 2’500 ETH. DAF NAV = 107’500 ETH.

Start of February. Botons paid by DAF = Botons consumed in January = 2’500 ETH. DAF NAV = 107’500 ETH.
End of February, Performance -2%. Botons consumed = 0 ETH. DAF NAV = 105’350 ETH.

Start of March. Botons paid by DAF = Botons consumed in February = 0 ETH. DAF NAV = 105’350 ETH.

Something like that is also illustrated in a table on page 18.

Took me a while to grasp this and I am still not sure. Am I thinking in the right direction?

Sometimes we are too greedy, even 5 % per month would be a lot but i guess cryptoworld is now a gold mine and that kind of percentages became reality lately especially if you will be using NapoleonX

Return must be weighed against Risk. There is no way in fiat world to have a monthly average return of 5% consistent over a year (or half a year) without high risk speculations. For me I expect 7-8x better return on my crypto investments in relation to fiat (but I also consider this a high risk venture)