[ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 - page 220.

KryptoKings

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Quote from: PS92 on September 13, 2017, 01:28:01 PM

Quote from: the_donald on September 13, 2017, 09:47:00 AM

Quote from: KryptoKings on September 13, 2017, 04:59:09 AM

Quote from: PS92 on September 12, 2017, 02:56:31 PM

Quote from: the_donald on September 12, 2017, 02:24:01 PM

this looks interesting. but will the investors receive a part of the profit? I haven't seen anything about that. TAAS for instance give a quarterly payment of 50% of the profit generated. Will you do something similar?

I just scanned the website and whitepaper, but can't seem to find the function of the NPX token itself. Will check in more detail later.

Anyone from the team that can elaborate?

Hello PS92,

The NPX token holders will have the possibility :
•   to access the updated audits of the several trading bots,
•   to regularly vote for the eligibility of the new trading bots,
•   to regularly vote for the creation of new DAFs,
•   to monitor the token events and performance of each DAF,
•   to have access to relevant documentation on trading bots,
•   and to access its own account and reporting on gas perceived.
Besides the right to the gas generated by each DAF, the NPX token holders shall be granted a preference right on the subscription of every DAF’s ICO:
•   exclusive access to a pre-sale (white-listing) to secure a minimal amount equivalent to 15 000 ETH in total,
•   bonus of 15% on the pre-sale.

Hope it is clearer?

much better thank you. this project is certainly interesting and worth watching.

Plus: "When DAF will earn performance from the trading bots they use, they will pay 25% of such performance as gas, that will be given to the NPX token holders for 85%"

Really getting interested in this project. I like projects that share the wealth/pay dividends and not just increase in value if the coin demand increases.

We believe in giving to the NPX token holders the possibility to benefit directly from NapoleonX success and to design their own dividend streams / portfolio construction over time depending on their needs and sensibilities to our strategies.

KryptoKings

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Quote from: Cauchy on September 13, 2017, 01:19:05 PM

Quote from: KryptoKings on September 13, 2017, 11:39:31 AM

Quote from: heyjoe on September 13, 2017, 08:02:45 AM

Love the idea of being able to be a part of a trading bot without shelling out the high upfront costs or needing to spend hours figuring out how to tweak and set it up.

The token holder payout of 85% of gas seems very fair as well - as someone else mentioned, a calculator would be a great tool to allow potential investors to play around with how the numbers may work out.

Currently going through the whitepaper in more detail to gain a stronger understanding but looking forward to following along.

Hello heyjoe,

I put the answer done to levyashin:

Quote from: KryptoKings on September 13, 2017, 10:50:42 AM

Quote from: levyashin on September 13, 2017, 05:00:43 AM

Some projects make a little calculator tool, will you do one?

It's like:
User will write amount of npx you hold or thinking to hold or just random number just see the result
He will choose a revenue on menu,
and calculator gives the montly profit will token holder will get.
It gets very helpful when investing. You know what to expect.

Hello levyashin,

We will think about that. However, we have to check if it is possible to do so from a legal point of view. But the math is quite easy to do. You can get an idea of the performances of our trading bots from the blackpaper : http://blackpaper.napoleonx.ai
From the performance, you derived the gas which equals 25% of the performance and then NPX tokens holders gets 85% of that. You will quickly see that it is a business volume. The more is raised in DAFs, the more to the NPX token holders at the end!

The performance metrics is from backtesting the strategies on historical data?

The advantage of developing algorithm is that you can backtest them. So what we show in our Blackpaper is indeed a backtest. However, we should stress that one of the developed model has been used for several underlyings to demonstrate its robustness. We have also a very low trading frequency to avoid having large tracking error between our backtest and the live version. At last, Stephane Ifrah, one of the founder, has been using algos for more than 9 years for his own use. We have also put some of our trading strategy on an index publisher that we have developed using a test ethereum blockchain. We will release it very soon.

KryptoKings

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Quote from: matjas on September 13, 2017, 01:02:02 PM

Looks like you guys are already far in development of your algorithm and you sure gave us a lot of material to read with three pdf`s.
Does your team consist of three people only? Looks like a lot of work for such a small team.

Thank you for your kind word. The founding team consists indeed of 3 senior people that have a longstanding experience in trading and algorithm development. Besides, we have been able to federate a team of 6 people, some junior and some with a lot of technical skills to help us design POCs on some of the functionalities of our future platform. You can find their background on our website www.napoleonx.ai . We want to make sure that we are covering all aspects in order to make this project a true success.

KryptoKings

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Quote from: firstboy on September 13, 2017, 12:58:12 PM

Raising money to start a trading house to trade on crypto seems like a no brainer.
And some of these similar projects which launched earlier had some really great success and returns.
Which bring me to ask, what value does NapoleonX brings to an investor?
From your first page description, it is only talks about how much you need to raise and what bot trading can do.
If you do raised the money, and NapoleonX makes money using the investors money, what is the investor's reward?

We aim to bridge the gap between the crypto community and the fiat world as we should not oppose them in the long run. We have a long standing know-how to generate returns in the traditional world and have designed a structure that will enable crypto investors to access it. Unlike some previous projects that remain entirely in the crypto universe, we believe that with volume, there will be no other way than to become regulated (funds are fundamentally securities) and to our knowledge, no other ICOs have applied for licences to distribute such products. As former fund managers, we believe we have all the credibility to go and get this licence and scale asset under management.

Elkmar

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The more I look into it, the more the project seems solid.

The team seems to have great experience, and I already heard about it in France by some friends.

I saw you'll be in the Zurich Summit tomorrow, that's some great news.

KryptoKings

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Quote from: ParRus on September 13, 2017, 12:34:09 PM

French project also with this name Grin

sounds promising, Napoleon was almost able to conquer the whole world, but the Russian empire stopped him
I hope with this project will not happen such! good luck

Thank you for your support, the world united this time !!!
More seriously, we view the cryptocurrency world as a way to go beyond borders and promote true worldwide currencies that should benefit us all.

FIEX

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Quote from: Heimer on September 14, 2017, 02:27:41 AM

Quote from: pynetx on September 13, 2017, 11:55:20 PM

I see so many people have difficulty understanding the project. It would be nice if someone from the team explains things.

Good idea, best option is to make some kind of FAQ and pinn it on ANN post and somewhere on their website. Only people with understanding of this project will invest in it

I'm studying the whitepaper now

I hope I will understand there platform and if I do, I will post a summary here about NaPoleonX

. I like trading bots so this will be a project of my heart.

Keep it up team!

tiger5056

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so how is your fee structure compare to others for management of funds?

Slowhand26

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Hello all!

Again, we would like to thank all for recognizing our project. We really appreciate it.

I already raised this to our dev department and I already relayed all your suggestions, comments like how to simplify the explanation of our project, etc. All of these will be answered this coming weekend or early next week. We sincerely apologize since our dev team is very busy with their presentation for tomorrow's Zurich Event.

Rest assured that all will be answered so we can introduce and let the community adapt this project

Regards,
NPX Team

the_donald

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Quote from: ParRus on September 14, 2017, 05:41:26 AM

Quote from: levyashin on September 14, 2017, 01:29:09 AM

Quote from: cantdecide on September 14, 2017, 01:25:04 AM

Quote from: Piggy on September 13, 2017, 02:23:31 PM

Hi, i didnt get the part where it states that the bots are running on gas and 85% of it, is paid to the token holders who selected the bots.

Could you clarify what the gas is in your psroject? some kind of performance value? Or just a cost you define?

Quite impressed by your team btw.

Good question. While reading the whitepaper I was confused with the gas here. I was thinking about either it is the ether gas or it is the coin GAS, but I think it can't be.

I am not sure but i understand it like these: When bot makes a move for you, it gets a little fee everytime. And they are calling it GAS. But of course they will explain it without doubt.

You can see your TX fee (gas limit * gas price) in ETH & USD when you search for your transaction on etherscan.io. This is not a TX fee that MyEtherWallet, or any other service provider, receives. This fee is paid to miners for mining transactions, putting them into blocks, and securing the blockchain.
The total cost of a transaction (the "TX fee") is the Gas Limit * Gas Price.
Typically, if someone just says "Gas", they are talking about the "Gas Limit".

I always though GAS was a small amount of ether, also called gwei. Is that what investors are getting?

ParRus

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Quote from: levyashin on September 14, 2017, 01:29:09 AM

Quote from: cantdecide on September 14, 2017, 01:25:04 AM

Quote from: Piggy on September 13, 2017, 02:23:31 PM

Hi, i didnt get the part where it states that the bots are running on gas and 85% of it, is paid to the token holders who selected the bots.

Could you clarify what the gas is in your psroject? some kind of performance value? Or just a cost you define?

Quite impressed by your team btw.

Good question. While reading the whitepaper I was confused with the gas here. I was thinking about either it is the ether gas or it is the coin GAS, but I think it can't be.

I am not sure but i understand it like these: When bot makes a move for you, it gets a little fee everytime. And they are calling it GAS. But of course they will explain it without doubt.

You can see your TX fee (gas limit * gas price) in ETH & USD when you search for your transaction on etherscan.io. This is not a TX fee that MyEtherWallet, or any other service provider, receives. This fee is paid to miners for mining transactions, putting them into blocks, and securing the blockchain.
The total cost of a transaction (the "TX fee") is the Gas Limit * Gas Price.
Typically, if someone just says "Gas", they are talking about the "Gas Limit".

Cauchy

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Activity: 364

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https://medium.com/proof-of-performance/proof-of-performance-blockchain-applied-to-trading-6e30404a9754 good Reading!

Also, when dev is around, can you feedback on my question about back-testing performance metrics earlier in the thread, thanks.

lvsca

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👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: levyashin on September 14, 2017, 03:36:22 AM

Quote from: pynetx on September 14, 2017, 02:10:44 AM

Everybody seems confused here and nobody is giving answers.
GAS is a confusing word because so many projects are using it.

Dev gave the most detailed answers for now.

I believe he will make a detailed explanation about gas confusion too. Just wait him to be active.

maybe, we just wait until dev gave clarification abut GAS.
i ever see trading bot that take 2% of profit to pay dev. maybe, NPX will use this system for trading bot, so user can have this bot for free, but not free when we use it.

levyashin

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$CYBERCASH METAVERSE

Quote from: pynetx on September 14, 2017, 02:10:44 AM

Everybody seems confused here and nobody is giving answers.
GAS is a confusing word because so many projects are using it.

Dev gave the most detailed answers for now.

I believe he will make a detailed explanation about gas confusion too. Just wait him to be active.

cantdecide

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Quote from: levyashin on September 14, 2017, 01:29:09 AM

Quote from: cantdecide on September 14, 2017, 01:25:04 AM

Quote from: Piggy on September 13, 2017, 02:23:31 PM

Hi, i didnt get the part where it states that the bots are running on gas and 85% of it, is paid to the token holders who selected the bots.

Could you clarify what the gas is in your psroject? some kind of performance value? Or just a cost you define?

Quite impressed by your team btw.

Good question. While reading the whitepaper I was confused with the gas here. I was thinking about either it is the ether gas or it is the coin GAS, but I think it can't be.

I am not sure but i understand it like these: When bot makes a move for you, it gets a little fee everytime. And they are calling it GAS. But of course they will explain it without doubt.

Yeah, that is something I got, but I think they really should change the word for the from GAS to something else :/ GAS is spreading confusion as there are already
Coins (eth) who are using the word gas for fees and also an coin itself which is called GAS. As these are bots, I would like to call it OIL Cheesy

Heimer

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Activity: 518

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Quote from: pynetx on September 13, 2017, 11:55:20 PM

I see so many people have difficulty understanding the project. It would be nice if someone from the team explains things.

Good idea, best option is to make some kind of FAQ and pinn it on ANN post and somewhere on their website. Only people with understanding of this project will invest in it

Cauchy

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Activity: 364

Merit: 100

I would like the team to clearly and concise communicate their usp as compared to the numerous bot, algo, AI, hybrid AI trading Projects out there, this would simplify a great deal for me.

One of the key issues for me is that this team has solid background from non crypto trading. If they can leverage that and team with good crypto analyst this has great potential.

pynetx

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Activity: 798

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Everybody seems confused here and nobody is giving answers.
GAS is a confusing word because so many projects are using it.

Voltaje

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Activity: 350

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Quote from: cantdecide on September 14, 2017, 01:25:04 AM

Quote from: Piggy on September 13, 2017, 02:23:31 PM

Hi, i didnt get the part where it states that the bots are running on gas and 85% of it, is paid to the token holders who selected the bots.

Could you clarify what the gas is in your psroject? some kind of performance value? Or just a cost you define?

Quite impressed by your team btw.

Good question. While reading the whitepaper I was confused with the gas here. I was thinking about either it is the ether gas or it is the coin GAS, but I think it can't be.

I imagine that GAS is actually the fee they will charge for using their bots or algorithms, and a percentage of that gas will go to token holders, because gas in ethereum blockchain is the fee paid in ether, and GAS is a coin based on NEO as reward for holding, that is why I think they also named their fees as GAS as well, so I may be wrong, lets wait for the team's answer.

levyashin

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Quote from: cantdecide on September 14, 2017, 01:25:04 AM

Quote from: Piggy on September 13, 2017, 02:23:31 PM

Hi, i didnt get the part where it states that the bots are running on gas and 85% of it, is paid to the token holders who selected the bots.

Could you clarify what the gas is in your psroject? some kind of performance value? Or just a cost you define?

Quite impressed by your team btw.

Good question. While reading the whitepaper I was confused with the gas here. I was thinking about either it is the ether gas or it is the coin GAS, but I think it can't be.

I am not sure but i understand it like these: When bot makes a move for you, it gets a little fee everytime. And they are calling it GAS. But of course they will explain it without doubt.

Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 - page 220. (Read 70190 times)