Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 - page 203. (Read 70190 times)

That's what I was saying, there is really advanced mathematics, and sciences involved. Plus you have to be well versed in finance, in order to have a decent grasp at what the project entails.
Overall, I do know, it's mainly about autonomous asset management, utilizing the Ethereum blockchain, and smart contracts.
   What I'm having a hard time grasping is the token usage. What I do know is, holders are rewarded 15% of gas (ethereum transactions) from Napoleon crypto coins. But then again, it says 85% gas goes towards the NapoleonX platform. I'm still trying to grasp the whole of it.

Hello Elkmar,
USA, both citizens and residents, won't be able to participate to the ICO.
For what concerns China, we understand that chinese people are not allowed by their country to participate in ICO project. We are still checking if we understood that right or if there is some space for chinese citizens to participate in the ICO. From a conservative point of view, we consider, for the moment, that they won't be able to participate.
For what concerns HK, our lawyer is also checking that.

From a more general point of view, we have decided to be conservative on these subjects, even if we may lose some (or lots of) participants. There are several reasons for these, besides moral and ethics. The first one being that we don't want to jeopardize the project by putting at risk the collected amount. Indeed, if we are sued after the ICO, we will have to dedicate time and money to an issue that could have been saved. It would be bad for the project and bad for all the participants at the ICO. The other reasons are that we are talking to big investors that need a very secure scheme to invest (they don't want their money at the middle of a big mess), or that we will need to acquire an asset management license from the swiss regulator...

So we are sorry for those who won't be able to invest, but it is a rational choice, made to protect the project and the future value of the NPX token.

Hello Rigourous,
although it is not a question, I must answer and thank you for the support :-). Yes we have decided to dedicate several hours per day on BT to explain the project to the community. Because we know that it may difficult to understand, in particular for people who does not have a specific financial background. So we very much appreciate the support of all of you, and it warms us up when we read every kind comments. Make us feel we are right to spend time at this.

Exactly, in the future it will be more like normal markets where a bot is way more effective. Thats why i'm investing in several similar projects to NaPoleonX that employ bots/algo trading, that really is the future. NaPoleonX has a nice broad offering with different risk/rewards because it's not only investing in Crypto. This way you can diversity your portfolio, not putting all your eggs in one basked.  And we can get in now, unlike normal hedge funds where you need to invest a minimum of several million usually.

Hello helloal,
yes we will upload the video this evening or tomorrow. It will be on our youtube channel at http://youtube.napoleonx.ai.
We have JC's pitch quite close, but the sun is in front. We should get the pro version provided by the organizer, but there may be delays...

Hello niklasmato,

If we simplify and try to keep on the military metaphor, we coud say that the project will be an army of trading bots, with several companies (in the military sense) that would be the DAF in fact: a team of selected soldiers (trading bots) sent to a fight on a specific battlefield (the market of the underlying asset). NPX token holders would be the generals and would get the flags seized from the enemies :-)
We have already developed very great trading bots, developed by Stéphane and Jean-Charles when they worked at BNP. In some sense, it is like you would get tanks on your battlefield.

It is simply employing computer Algorithm to be making trading decisions for you,

at the rate at which crypto space is maturing, it will be very hard for traders to make profit unless you are employing Algos

Hello cantdecide,

yes we understand your points. We can even say that the project will be an army of trading bots, with several companies (in the military sense) that would be the DAF in fact: a team of selected soldiers (trading bots) sent to a fight on a specific battlefield (the market of the underlying asset). NPX token holders would be the generals and would get the flags seized from the enemies :-)

Yes, this is a good idea, bacause that 2 minute video on the first page only summarizes the main ideas. The team could make a video going into a little bit more detail regarding trading bots and how they plan on implementing their strategies in the markets.

If im not mistaken after Reading the wp quite alot of the funds is to recieve regulatory license for trading. However I agree with you that the funds seeked for this Project is massive and I would realy like to see a more detailed breakdown of this. Also to understand the impact in case only half of the expected funds are granted.

Which kind of Investors do you seek to interest with this approach? Just ask out of curriosity based on my own experience, I trade frequently (fiat) with self developed algo, looking into the different options with enigma catalyst to extend those into crypto (for now only simple limit trading on gdax) but as I understand your offer is to use crypto funds to expose into fiat trading and eliminate crypto/fiat fluctuations.

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.

Hello Departure,

some of them are detailed in our blackpaper. You can find it at blackpaper.napoleonx.ai.

They are low frequency strategies (at most one trade per day at close) working on the biggest equity indices (SP500? Eurostox 50, etc).
We have also gold and BTC market timing strategies.

But the DAF, that will implement these strategies will be hedged so that the performance shall be in ETH or BTC. Indeed, from the ETH or BTC collected by the DAF, we will need to convert only a part (eg 30%) in fiat to implement the strategy. There is a natural hedge of around 70% that will be complemented by a formal hedge on the remaining part through the use of BTC futures (and after some points of ETH futures). We may also decide to try to hedge the expected performance. At the end of the day, if the strategy has a positive performance, the DAF will have earn new ETHs or BTCs so that the Net Asset Value of a DAF token would have increased. Hope it is clear?

Napoleon Crypto will propose more bots, not just the initial 20 that will make the 10 DAFs, besides, they need a platform to allow OTHER Strategy Providers to create and propose bots for the new DAFs that will appear, it means that any company and/or entity could make bots for NaPoleonX, so they could benefit from it as well, and as a result, all of the token holders that voted for their selection. Their first 20 bots will be funded using the minimum cap which is 25 000 ETH, tough their target cap is 40 000 ETH, which will allow them to implement more features and release more bots, initially, then more bots will appear when the ecosystem is online and performing.

the bots are trading for profit and you can get a piece of the action. sound fair enough?

Yes, that's part of the (secret :-)) plan also in fact. We are working on a work flow to (automatically) assess the quality of any trading strategy with the aim to make a selection of the best ones, for each asset class. The aim being to then feed the DAFs. Part of theses strategies may be AI / DL, subject to the set-up of the satisfactory infrastructure (for data management). But all this work is definitively a post-ICO one.

I so impatient to see the bot at work, I think they will be very powerfull and will allow a lot possibilty of invest whith the 10 first we would have. The team is really strong, they will show us something really great.

I read about 20 working trading bots in white paper.



I think the company has enough experience.

So how were your first 20 bots funded? How come you want to raise 6mio$ for this one? Is this just too good of opportunity to miss or you are really planing to expand so much and be a big player.

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.