Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 - page 217. (Read 70178 times)

You have a lot of ways to build a trading strategy depending on your background:
1. discretionary trading: people rely on your ability to read tea leafs trade after trade
2. AI: it is a systematic approach where you feed your data into a blackbox and get a trading decision in return. You need to train them with data set and so to work very hard on these data set. These need to be trained regularly from experience. When do you decide to train them again is more art than science.
3. traditional algos: they are based on market observations and a representation that you may have on the markets. This is very close to a physicist approach. These algos need also to be monitored on a regular basis as market dynamics may change over time.

You are right that our background is from non crypto trading, but to be frank, crypto trading is pretty recent. We are used to generate performance using one asset and to export it into another currency ("quanto trading") and that is essentially what we would be doing here using a "currency hedging strategy" described in our Blackpaper. However, we reckon that this crypto world will have its own dynamics and partnerng with longstanding crypto traders would open up possibilities for us. We are eager to learn every day. We have also designed a simple market timing algo between BTC and USD that is working quite well with a trade every 6 weeks on average.

Reading at all the comments, you are right that there is a confusion. Here gas = 25% performance fees = right by DAFs to use trading algos. Performance engines (=algos) need gas to function.

Great question, would like to know as well. Devs?

You are right. Our gas is the cost charged to the DAFs to use our trading algos. It is calculated as 25% of the positive performance and is calculated and paid on a monthly basis. Diversifying the DAFs, hence the trading bots, allow to get more regular revenues to NPX token holders.

No, you should not use gas or charge when your bot is making a trade otherwise we would be incentive to overtrade to earn more. That has been prohibited for traditional asset manager and rightly so. The gas concept could be replaced by performance fees, ie fees that are only payable if the bot has generated a positive performance for the investor. In this case, 25% of these performance would be paid to NPX token holders (85%) and Napoleon Crypto (15%)

Gaining a large library with different strategies will give you extra power!
A large library means different strategies for every part in this crazy, sick, cryptomarket. Very curious how this all will work and how it will look

You have mine interest!

NapoleonX is a really à project to hold for a long time. You have short term and long ter strategy. You will start with low frequency trading then improve the frequence. Its a pretty good strategie, you will do more trade à day  in long term horizon, so the project will start with strong bases and with time and when you will reach a technical hard cap that allow you to enable high frequency trade you will do it. I love that. You handle the risk in a right way.

Traders on their trading desks used to develop a lot of little Excel macro i order to have some decision making tool. This enabled them to get positive expectation when entering a trade and were repeating such trades so that probabilities would work. These were not true leaf reading people but just good statisticians. A little bit like professional gambler. We are just trying to industrialize this process and gather a large library of such strategies

The gas concept is more related to cost payable by DAFs to use the algos that would be used for them as if you needed petroleum to make them work. So it is definitively not he same gas as the one used to validate a block. Maybe that is a bit confusing, we reckon.

We are here to be as transparent as possible but we reckon we may have a different approach to providing investment vehicles than other projects.
1. anyone participating in our ICO would contribute to the launch of an asset manager that would only use algos to manage not 1 but a series of funds.
2. all the proposed algos would seek to provide absolute performance and try to track an index
3. all these funds would be distributed to investors holding cryptos and would be denominated in cryptos, run by smartcontracts
4. Napoleon Crypto, would be the entity advising the asset management entity and executing / implementing execution bot on behalf of this entity. Thus it would need to have a proper licence to operate
5. the asset management entity would be represented by the NPX token holders. They would be the ones taking strategic decisions, based on Napoleon Crypto advices.
6. The NPX token holders would get the bulk of the performance fees paid by the different funds (DAFs).
7. As these performance fees would be paid in DAFs tokens for operational issues, they would contribute to the creation and growth of a diversified portfolio that could be managed through a platform that will launch alongside our project to host several functionnalities (ex: mgt of tokens, voting sessions, index publishing for algo strategies ...)
8. The NPX token holders would also have a privileged access to DAFs launch should they decide to invest

I hope it clarifies a little our project

I read (correct me if im wrong please)that when some profit is generated, the plan is to pay back the token holders by generating new tokens.
Not sayng this is a bad idea, but doesnt this risk to slow down the price of the token itself?

Que merde.

I think this is what a lot of people want to hear. nobody like dev's who just cut and run.

Automation in trading is very technical and we are lucky enough to have Alexandre and Stefan that have spent a lot of time in IT department for capital market activities. On of the reason we have decided to start this project with low frequency trading strategies (max 1 trade per day) is to mitigate this technical constraint knowing that we have the right people to go into more frequent trading in a second stage. We have a short plan and a long term one and want to have the right people for the latter right from the begining.

Thank you for your good words.

We intend to provide as much information as possible so that people can make their own mind before deciding to trust us or not. This is important taht we build trust right from the start for this kind of adventure.

In fact this project is the result of a long maturation in our mind and of meeting the right people. This might be the difference with other projects as we have been in business for quite a long time. Now we feel the time is right for bringing all these pieces together and propose a strong business idea with a lot of ramifications and potential development. We also feel, that we need to produce proofs of what we have in mind and capable of in order to convince on our delivery capabilities. This is key to any project maybe more important than the idea itself.

We needed some time to gather the right team as you can imagine for this kind of project. We needed to prepare additional material as well and design an ICO strategy for which we were not prepared at the time. This is a quite new market and we wanted to understand how it works. We want to build for the long term not be here for a quick win.

Oh, that's a great news. Coverage in non-crypto related media is very important to get new investors into blockchain technology.

Hi guys, i didn't see it mentioned in the blackpaper, but will the bots also be using arbitrage? Automated arbitrage can be quite profitable, especially in crypto.

I saw you were mentioned over there :

https://www.lesechos.fr/finance-marches/marches-financiers/030563339978-comment-le-bitcoin-mene-la-danse-des-devises-20-2114293.php

As a french, that's a really nice media coverage,it's the first financial media in France