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Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 - page 195. (Read 70190 times)

full member
Activity: 588
Merit: 100
Very nice communication management, NaPoleonX handle things very well.
They manage well the communication both in this topic and in social media too, just look at the thread, all questions have immediate answers
KryptoKings thank you for operative support

yeah, I really like the way the dev's communicate here. I've seen answer after answer and plenty of clarifications. really well done.
hero member
Activity: 854
Merit: 506
Good afternoon. How many tokens should I keep that would participate in the life of the platform? For example, in the voting for the creation of new bots or new DAFs. Will there be any specific weight, depending on the number of tokens?

All votes will work on the principle of 1 NPX 1 vote. So the bigger the number of NPX tokens, the bigger your weight in the decisions and the bigger the shares in the performance fees. Knowing that performance fees will be paid in DAFs token so by just holding your NPX you will see a diversified portfolio growing without having to invest any new money.

hero member
Activity: 854
Merit: 506
You guys should accept BTC also with ETH for ICO as many people tend to have BTC. It will a hassle to change btc to eth and then send it to you guys.

We are perfectly aware of that and would like even to accept fiat as given our background, we feel that it is an obvious source of funding for this project. That is why we are negotiating with an intermediary, well known in the ICO business to collect interest away from just ETH. The only risk for us is to get big whales scooping up big chunks of this ICO. We are currently negotiating with some of them.
full member
Activity: 490
Merit: 104
Very nice communication management, NaPoleonX handle things very well.
They manage well the communication both in this topic and in social media too, just look at the thread, all questions have immediate answers
KryptoKings thank you for operative support
hero member
Activity: 854
Merit: 506
this is best way to invest on this platform. after ico keep investors and traders will be on this network for get benefits. i have a question is there napoleonx platform will bot trade on assets etc or project will hire best traders?

We will initially propose our existing library of bots to get the project started but NPX token holders will have the possibility to hire external strategy providers. Napoleon Crypto would simply act as an Advisor to help analyse and prepare an audit report for NPX token holders to take their own decision. We believe generating first interest by DAFs investors and setting a certain level for performance will attract only the best strategy providers for the benefit of NPX token holders
hero member
Activity: 854
Merit: 506
what about total supply of napoleonx project? i think this is best time to invest on this project.

It's an important question. I myself want to know about the max supply.
Number of tokens is 17.500.000, i think its the max supply.

that makes this ICO very attractive, the lower the number of max tokens , the higher their value in the long run.

In fact, the quantity is not that much important. What's important is the token price during the ICO.

I would add, what is important is the value of the token post ICO !!! both in the short, medium and long run. We believe that as a first mover, there is a lot of potential for our project, even though I am of course conflicted  Wink
hero member
Activity: 854
Merit: 506
what about total supply of napoleonx project? i think this is best time to invest on this project.

It's an important question. I myself want to know about the max supply.
Number of tokens is 17.500.000, i think its the max supply.

You are correct but in reality, the supply should be lower than that. It will of course depend on the amount raised but also on the take up for bonus (presale and ICO).
hero member
Activity: 854
Merit: 506
Will there be future promotional videos that simplify the whole automation process,  and usability of this platform. You've already used a fairly straight forward approach, but NapoleonX only seems to be marketed toward the intermediary level investors. Is this the case?
   If not, what aproach will be taken to break down the basics of this system, to the the more casual investor? I myself, can grasp the concept of this platform, but there are some subtle complexities, that make you take a second, and third look, in the white & black papers, that boggle the mind at first glance.  Huh
Though I don't fully understand all aspects of the project, I'm quite sure you have something very unique here, on your hands!  Cool

We don't want to market our project only to knowledgeable investors but to everyone. However, it is true that finding the right communication is not easy for such a complex system. We have our latest presentation that we did in Zurich, maybe it can help a little. We should have an even simpler one for our upcoming event in London, but maybe it will be too simple. https://fr.slideshare.net/Project_NapoleonX/napoleonx-zurich?qid=a3fda9cf-6b49-48fd-9917-89a86bbe3bff&v=&b=&from_search=1
Overtime we will build our marketing material that will try to address different type of investors.
full member
Activity: 210
Merit: 105
what about total supply of napoleonx project? i think this is best time to invest on this project.

It's an important question. I myself want to know about the max supply.
Number of tokens is 17.500.000, i think its the max supply.

What i find even better is that 70% of all tokens go to ICO contributes. I'm pretty happy with this, way better then some teams who just hoard millions and millions for themselves.
hero member
Activity: 854
Merit: 506
I've read the papers but haven't found any mention of transaction fees. I don't know what the transaction fees are for the traditional markets with the licenses Napoleon Crypto is going to acquire (just like there are lower fees for market makers). But I can say for on crypto exchanges they are generally percentage based, 0.25% on Bittrex for example and 0.1% on Bitfinex, which could amount to quite a bit for high value transactions.

Now NapoleonX is focused on low frequency trading so transaction fees or miner fees may not be that relevant, but have such fees been taken into account?

That's a very good point that you are raising. For algo strategies you can include or not transaction fees knowing that in the traditional asset universe, they are very very low (a few bps) whereas for cryptos they are relatively quite high but will reduce overtime. Once they are down to a few bps, it would be odd to change the fee levels in the strategy index we are going to launch.
That is why we always, on our side, run backtest with 0 fees, but are completely conscious that execution will lead to tracking error. What is important is to monitor and manage this inherent tracking error. Using very low frequency, intervening at close is a way to tackle this. As an example, our algo on BTC vs USD trades around a dozen time per year with an over performance on simple buy and hold strategy of 100% annually. So multiply 12 x 1.0% and you would still get 88% approximately. In reality, it will be certainly much lower in terms of tracking error.
sr. member
Activity: 518
Merit: 250
It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.

Agree. A good start would be to explain the most common topics/questions in this bct thread. Im Reading this thread from time to time and it seems quite a few questions is reccurent, those should be a good basis. Also host AMA based of those.

Thanks for your remarks, taken into consideration, we should post some materials soon for sake of clarity!

I just love that you are so active and answer all questions from community. Keep it up!

They are active here, but they are also active in other social media, like telegram or redidt, they really care for the project, but NapoleonX is a little complicated for normal people, so being active is one thing they are doing well, now they need to make it very  easy to digest for people that don't know anything about bots, and how to use them.

I have some questions though, are you trying to get people that invest in real assets to get into the project? or just to use the services of NaPoleonX? because if we are trying to get investments from the crypto community, we would expect that all of the DAFs will be for trading in cryptocurrencies, even more so because the gas will be a token to be paid to token holders and srtategy providers, but most of them are for trading real assets, which are not tokenized, to my acknowledge at least, but just 2 DAFs are for BTC and ETH, at least, that is what I understood in the Blackpaper, so if somehow people started to use the DAFs for trading in the assets they were built for, how will they generate the DAF token that will be used as gas to give to Napoleon Crypto and token holders?, those assets will have to be tokenized and already being traded in an excahnge or somehwere, or Do all DAFs will be used for trading cryptocurrencies?, and if that is the case? which crypocurrencies will the first 10 DAFs be trading and can be traded when the ecosystem goes online next year?

We have developed algos that are capable of earning regular money both in traditional asset and crypto space, even though we have much more to offer in the traditional asset space at this stage. Then the rest is a question of structuring and proposing this to the investors with money, regardless of where they are coming from. You have to realize than any asset performance is composed of 2 elements: performance in base currency and currency effect. For us cryptos can be seen as assets or currencies. For BTC and ETH, the currency characteristics are more natural vs small cryptos that act more like small caps.
DAF will just use assets wherever they are and convert their performance in their currency of issuance. Here we have thought of ETH because smartcontracting is natural for systematic trading. But if BTC develop anysuch feature we could also launch funds in BTC.
I've got one question. NaPoleonX will be able to trade and makes profits on traditional assets like stocks, gold or Forex?
hero member
Activity: 854
Merit: 506
Hey guys, I am trying to read our whitepaper and I struggle to understand it. Do you guys have any link to blog post or youtube vids that can explain things a  bit easier for a non techy person. I think this will help
myself and other investors who are interested in investing, but are not tech savy

We understnad that the subject is not always easy to understand. As we have been for too long in this business we tend sometimes to forget it. I can point you to our video https://www.youtube.com/watch?v=Rfcbzt6sWvE or to the latest presentation we did in ZUrich https://fr.slideshare.net/Project_NapoleonX/napoleonx-zurich?qid=a3fda9cf-6b49-48fd-9917-89a86bbe3bff&v=&b=&from_search=1. I hope it helps a little bit in getting to understand what we are proposing.
hero member
Activity: 854
Merit: 506
what about total supply of napoleonx project? i think this is best time to invest on this project.

We will be selling NPX tokens at a rate of 0.01 ETH / NPX and create less than 17;500,000 NPX depending on the amount raised and the bonus take up. At least, 70% of the tokens should be sold to ICO investors.
hero member
Activity: 854
Merit: 506
What is the relation between Napoleon Capital and Napoleon Crypto? Is Napoleon Crypto a subsidiary or spin-off of the parent company Napoleon Capital?

As sponsor of the project, Napoleon Capital has already granted Napoleon Crypto the exclusivity of its production of trading bots for the crypto ecosystem.

That's worded as if they are separate entities, but it seems the same people are involved in both.

Napoleon Capital is a company that we launched last year and that is only involved in the traditional asset space. We use this entity to own our proprietary algos. Any clients that we would have would not be crypto holders but fiat holders. Looking at the developments in the crypto universe we found that there was a need for an asset manager (not just a fund) that would specialized on algo trading, where we are coming from. Napoleon Capital, is just the sponsor of this project and allow us to pay for the development of this project.
hero member
Activity: 854
Merit: 506
According to the Whitepaper 10,000 ETH will be used for Asset Management licenses to trade on exchanges. Wow, are those licenses really that expensive?

We understand your reaction, but you have to bear in mind that we will need to have a regulatory proof set up which will include: asset management capabilities, risk function and tools, compliance function and monitoring tools, marketing functions, sales functions, PR, trading tools for execution, reporting, audit ... In France the regulator (AMF) require that you have 3 years of spending ahead of you to make sure that the asset manager will be around for a while. This is a big constraint on top of experience requirement need to get such licencing.
hero member
Activity: 854
Merit: 506
It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.

Agree. A good start would be to explain the most common topics/questions in this bct thread. Im Reading this thread from time to time and it seems quite a few questions is reccurent, those should be a good basis. Also host AMA based of those.

Thanks for your remarks, taken into consideration, we should post some materials soon for sake of clarity!

I just love that you are so active and answer all questions from community. Keep it up!

They are active here, but they are also active in other social media, like telegram or redidt, they really care for the project, but NapoleonX is a little complicated for normal people, so being active is one thing they are doing well, now they need to make it very  easy to digest for people that don't know anything about bots, and how to use them.

I have some questions though, are you trying to get people that invest in real assets to get into the project? or just to use the services of NaPoleonX? because if we are trying to get investments from the crypto community, we would expect that all of the DAFs will be for trading in cryptocurrencies, even more so because the gas will be a token to be paid to token holders and srtategy providers, but most of them are for trading real assets, which are not tokenized, to my acknowledge at least, but just 2 DAFs are for BTC and ETH, at least, that is what I understood in the Blackpaper, so if somehow people started to use the DAFs for trading in the assets they were built for, how will they generate the DAF token that will be used as gas to give to Napoleon Crypto and token holders?, those assets will have to be tokenized and already being traded in an excahnge or somehwere, or Do all DAFs will be used for trading cryptocurrencies?, and if that is the case? which crypocurrencies will the first 10 DAFs be trading and can be traded when the ecosystem goes online next year?

We have developed algos that are capable of earning regular money both in traditional asset and crypto space, even though we have much more to offer in the traditional asset space at this stage. Then the rest is a question of structuring and proposing this to the investors with money, regardless of where they are coming from. You have to realize than any asset performance is composed of 2 elements: performance in base currency and currency effect. For us cryptos can be seen as assets or currencies. For BTC and ETH, the currency characteristics are more natural vs small cryptos that act more like small caps.
DAF will just use assets wherever they are and convert their performance in their currency of issuance. Here we have thought of ETH because smartcontracting is natural for systematic trading. But if BTC develop anysuch feature we could also launch funds in BTC.
full member
Activity: 336
Merit: 112
Could you post results of what your system did during the very recent China debacle?
It would be very interesting to see how you tackled this problem Smiley

Yeah, that would be nice but I don't think product rolled out to production yet. Is it?

I think these kind of posts put the finger on some of the challenges the team is facing.

As said before, the beta version is ready, just we are strengthening security around it  and putting some paint on it to make it look nice. We want people to be able to judge by themselves not only trust us. It is very important to us.

Looking forward to see the beta in action. Will you release the beta before/during ICO?

I hope so. Making an investment to a living product way better to invest an idea, which is a good one but still. I prefer seing beta Smiley

Yes, that's what I am thinking too. Seeing the beta working during or especially before ICO would bring more trust to investors and could bring in a lot more people. The product sounds pretty nice on paper, but seeing it working would be the top sell argument Smiley
full member
Activity: 364
Merit: 100
First, thanks to the dev for being active and responsive to the questions in this thread. I Think this is a key element of success in both the short and long term. I have posted two questions earlier but to my knowledge has not received any response (appologies otherwise). I will in some extent rephrase the question and kindly ask for response when you have time.

1. Can you please breakdown the budget in more detail, the numbers look quite high and the inter-relations/proportions is not what I am used to
2. We have fiat-fiat algo trading, crypto-crypto algo trading, and now crypto-fiat algo trading (npx). What would be the benefit of this? funds need to be set aside to hedge the crypto-fiat risk and as well as other drawbacks. Im pretty sure im missing out on something but please help me understand this.

Best of luck with the Project.

I thought we had answered all questions but here are the answers again:
1. We have mentioned a 10,000 ETH to acquire an Asset Management licence knowing that it is a regulated activity. The implication is a heavy burden in terms of legal, compliance, risk, fund admin, market access, fund auditing ... There is a heavy cost in terms of setting up the structure knowing that the regulator requires that you have at least 3 years of cash flow ahead of you in order to make sure that any investor investing with this entity would not be at risk of having a bankrupt company as a fund provider. There is certainly a little bit of headroom here but not much in our opinion knowing that we are asking for funds in ETH and not in USD for our ICO. So if ETH skyrocket to 400 USD then we have more headroom and if it plummets down to 100-150 USD we will be very tight. With latest development in ETH price, we know that it is a possibility.
2. The crypto-fiat algo are really trying to benefit from the best of 2 worlds: market liquidity and algo robustness in the fiat world and tokenisation advantages of the crypto world. With the development of futures for ETH and BTC and the major cryptos, it will be more and more seamless to cross these initial borders. It really looks like an investor wanting to invest on USD assets but with a EUR exposure.

Thanks for your reply.

full member
Activity: 574
Merit: 115
The Blackpaper mentions the Omni Layer protocol and Ethereum Futures. Does that mean Napoleon Crypto will setup their own exchange, so to speak?
full member
Activity: 490
Merit: 104
I believe in the bright future of this project,
as we see the team is very ambitious - I draw a conclusion from the listened speech at the summit in Zurich
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