Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 - page 196. (Read 70190 times)

The project is quite interesting, I even wanted to join a Twitter company: https://twitter.com/VViljy/status/910143847329656833

By the way, about the bot algorithm of an answer, I never saw it. Perhaps my poor English is guilty and the question is unclear, but yes, forget it.

I don't have the eth to invest at the moment. But I do have to commend you on being so responsive to everyone and their questions.

You could use AI / Deep learning for 2 different uses:
1. taking positions on a long term horizon for an investor
2. taking very short term position to optimize execution for a broker / market maker
AI algo will really depends on the quality of the data that will feed them

You are right. As the crypto market is very young, you need to feed him with basic stuff. As it develops you can start more complex strategies. AI will require a huge amount of data and we feel that there will be a need for one or more provider of specialized crypto data. Execution will also be a large component in this algo development as it is still anilliquid market apart from some cryptos like BTC and ETH.

First of all, not all algos are AI algos. You can have much simpler ones running. Of course they might be less efficient but still could make some decent returns. We believe algo market will find its optimal market share. Human will still be present, at least in algo development and management. The full adoption of algo by market participant will take a while and not all of them will be clever.

The bots is running only on or machines so far. You will see them live when we release our beta version of our strategy publicator. It has hold a long position on BTC vs USD from 21/07/2017 to 08/09/2017 where it switched to a full USD position.

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

We will be in Barcelona on 3-5 October at the BECON event. http://www.becon.global/world-expo/. We are also organizing a meetup in Paris tomorrow night thanks to the ASSETH association. We will certainly organized a second event in Paris mid October.

Eagerly waiting for the beta tests. Still a newbie in terms of asset management, its good to see the dev team working hard towards the security as well as the user interface. I think the user interface should be more attractive and attentive towards the management for all the newbies.

If some other is creating strategies and bots for your DAFs, and they can decided how much the gas is splitted, how much will the NaPoleonX team will receive then? Like in your example it is for example 60% for the token holders, 40% for the strategie creator. What is your share here?
And will you test new strategies and bots for DAFs before letting the community vote for it?
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It will be possible for external party to propose new DAFs to NPX token holders. In this case Napoleon Crypto would simply analyse the quality of the proposed strategy and prepared an audit report so that NPX token holders could take a decision with a lot of elements to decide. There would be 2 possibilities:
1. if the strategy provider has an asset management licence, Napoleon Crypto could be completely by-passed and NPX token holders would need to negotiate the split of fees with the strategy provider
2. in the other situation, this strategy provider would need to negotiate with NPX token holder on one hand and us on the other hand

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

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.

We are running the algos on our side, but will release a beta version of our strategy publicator in the next few weeks. Our beta version is ready but we are building high security around it given this sensitive subject.

You will see this very rapidly when we release our beta version of the platform hosting our strategies. 1 of them at this stage trade BTC vs USD and it cut its long BTC vs USD exposure on 08/09/2017, just the week before the big plunge but of course not at the peak. It is a trend following model that does a trade per week on fridays at the close. We use CoinMarketCap data.

For our other algos, they are making new highs or not far from this.

You have to understand that we will not just sell one algo which to be honest should not cost this amount of money. We are setting up an entire asset management company, with all the regulatory constraints attached, which business will be to run algos for different funds (DAFs) that will be launched. In the deal, we are bringing all our existing library "for free" as a goodwill as we are requesting money from investors to acquire this licence, set up a Platform and hire real people that need to be paid, acquiring data, renting space ...
Regarding the quality of the algos, we have presented an extract of our library so that people can make a judgment by themselves. These algos will be hosted on our Platform and we will unveil a beta version of it in the next few weeks. Regarding the sustanibility of our algos, rest assured that we will continue developing new ones as we value R&D dearly.

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.

I guess we are moving to an algo based marketplace. Not only for crypto but for all markets. Computers and algo's are simply much faster en less emotional than people.
This is actually a good progress. The downside will be that it will be a battle between algos. Only the best will be successful.

You have to realize that we will go and seek the performance not only in the crypto space but also in the traditional one where liquidity is very very ample. So we won't have size issue for all the algos running on traditional assets, knowing that these algos will be tokenized as all investors would keep their investment in tokens not hard currencies. The best of both worlds we hope

Expect the trading robot not to be too complicated
You can set up complex processes or steps. Into a simple wisdom
Warning conditions set up automatic trading and other functions
Let us ordinary people can participate

You are right in the sense that we will have some buffer but part of it will be necessary to get our asset management licence as the regulator require that we would have 3 year of cash flow to run the company ahead of us. If we launch rapidly the first DAF, then we might have some left over that could be either use for marketing purposes or to make some corporate movement to accelerate our development.