Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀 - page 224. (Read 70190 times)

Thank you for your explanation.

I have been lots of icos thread, first time i saw a dev that give very detailed answers to every question. I want to thank you for that too. It makes me think, i chose a right ico to invest.

Hello levyashin,

We understand your first point, since efficient and performing trading bots are really very seldom. Because it is hard to design ones that may handle several market configurations without overfitting.

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%; 15% being for Napoleon Crypto.

So for the NPX tokens holders to get more gas, we will need manage as many DAF as possible, to make them grow and to make them perform. That’s what we did in the real world, that what we will do in the crypto world, and that’s our plan.

Ultimately, the losers will be the small players, and as we think will be more and more true, the humans trying to be better at trading than bots. ☺

i'm not really sure about this project but i hope dev and team will keep hard work to realize his destiny.
good luck dev and team, waiting for bounty program of the project.

https://medium.com/proof-of-performance/proof-of-performance-blockchain-applied-to-trading-6e30404a9754 nice article explain inner details of  bot for NaPoleonX

Reading the name of your coin, I thought this is some kind of funny joke project. But you are trying to solve a real world problem as it seems. Will have to have a closer look now that I read through your OP

Hello ubercool,

Thanks for your question ☺


We know that he is a controversial figure, but the fact that we chose this name has several explanations, among which:
•   The team is French, as he was
•   He created the Ecole Polytechnique (The “French MIT”) in 1794, and Stéphane and Arnaud did their Master degree there, and Arnaud its PhD also. The students wear the same hat for ceremonies
•   He was a successful general that uses soldiers to fight on the battlefields, where we use trading bots to “fight” on the financial markets. And it is not a zero-sum game! There area winners and losers at the end!
•   He issued money through coin named after him. They were gold coins with 5.805g of gold in it.



Hope it clarifies it ☺

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 the_donald,

Hope you are not the “real_donald” by the way ☺.

Yes regular users will be able to use trading bots for profit, through investment in DAFs (Decentralized Autonomous Funds).

Hello Voltaje,

You are raising a good point. The crypto-market, despite its exponential growth, is not large enough in our opinion. That’s why we will create DAFs designed to invest on real assets, where you don’t have any issue of volume (as per example: S&P 500, Eurostox 50, etc)
You can also read our blackpaper which explains quite well the 10 first strategies (without leverage) that we will propose: http://www.napoleonx.ai/wp32Y878754/NapoleonXBlackpaper.pdf.

Hello pynetx,
No it has not the aim at becoming a full exchange. We will stay focused on our added value: generate return for our investors. The platform will enable to vote for and monitor the tradings bots and DAFs, but also to manage its portfolio of NPX and DAF tokens.

I am a little interested in your explanation and I will try to follow its continuation until its ico starts and only with 0.01 eth can already participate to follow ico.. good job 

So far the idea looks promising. Will there be a more ellaborated whitepaper and a demo on the platform?

Glad to see NapoleonX, I follow the projet since July and enjoyed it so much. Trading bot is a nice feature, can be very powerful and make a lot of money. I love the idea to bypass the traditional asset management system, its old a new system need to emerge. The Daf seems to have a good chance to revolutionate the way we invest, its disruptive and i like that. You also will give vote to nxt holders, wich is very nice, people will have a control on what they do with their asset.
Im impatient to see the future of napoleonX !
Et en plus un projet français, que dire de mieux !

Hello gliridian,

Thanks for your questions.
First of all, when you compare returns or performance, you have to compare the associated risk also, measured by volatility or max drawdowns among other. Otherwise you can’t infer anything, since with adequate leverage you can target a given return (almost let say to not go too far in this direction).  This being said, the 8% to 25% daily perf is pretty insane and corresponds more surely to an exception.
However, we totally agree on your analysis of bots versus human and you can check the graph I posted earlier that shows that. To be more precise, when you write that the bots are getting smarter and smarter, you refer to a subset of the trading bots that corresponds to trading bots based on machine learning. But the set of trading bots is wider than that and we do deterministic trading bots that perform very well.

To answer your questions: trading bots will be the only ones giving the trading signals, whereas for the execution it could be necessary to have human. There may be some additional performance to earn there too, in what we call money management.

Of course, there will be time where bots and DAFs will lose money. In such case, the investors will lose money. But, to be more specific, our trading bots, in the past, have lost money, but have gained it back quite quickly in general. There are two classic measures for this risk: the max drawdowns (in % ->how much did you lose since the last highest value) and the time to recovery (in days -> how long do you wait to recover the amount of money you have lost). When the NPX token holders or the DAF token holders choose a trading bots, we will provide them with several indicators, including these two ones, so that they can embed them in their thinking when choosing a bot. You can see the historical values of theses indicators on our trading bots in the blackpaper.

At last, as you may have noticed, we don’t intend to create only one DAF, but several. And several over non-correlated underlying assets. Therea are several reasons for that. But one reason is to give the opportunity to investors to hedge themselves by investing on several asset classes and to diversify their investments. So that, when some DAF may lose, most of them may earn money. The expectation is highly positive.

Hope it is clearer!

For anyone looking to invest or just want to grasp the background of the Project idea I recommend to read their goldpaper on quant. mgmt. Found it easy to read and insightful since I dont have finance background. Best of luck to the team.

Hello Korsakopf,

As for the SEC ruling, we have two points. First, we will ban US citizens or residents from the ICO (together with Chinese also) and second we worked on our whitepaper with our French (Fieldfisher) and Swiss lawyers (LEAX) so that the NPX token is a fully utility token.

For the question raising the autonomous issue. On the real assets, the quantitative strategies are fully autonomous and handle the market drawdowns etc. We don’t want to involve the human here, because our philosophy is precisely the opposite: human emotions create negative impacts on your trading strategy. We believe and our experience showed us that this graph is very true:

 And on the real assets, you don’t have any liquidity issue (at least among the big indices that we are trading: S&P500, Eurostox50, FTSE, etc). On the crypto-assets, we have market timing strategies on the BTC and ETH. The other crypto-currencies are really to small at the moment. As a crypto-manager, we will chase volumes!
For the execution part, we will need the involvement of humans, at least, as long as the decentralized exchanges are not mature enough and as long as all of underlyings are not tokenized. We can detailled further if needed.

Hello tiger5056,

10 ETH is the recommended amount, but 0.01 ETH is the formal minimum amount.

Hello niklasmato,

Initially, we have developed quantitative strategies for the biggest indices in the real word (S&P500, Eurostox50, FTSE, etc). And we do low frequency strategies (at most one trade per day at close). There are several reasons for that, notably liquidity and execution risk. When you do arbitrage techniques or high frequency trading, you can’t scale. You are doing good return, but you have huge execution risks (meaning you can easily lose money because of a tech pb) and you can’t scale that. By doing low frequency trading strategies, we have no tech issue and we can scale. Meaning, you will get the same risk/return, even with more than 1 billion on it!

So why aren’t all people doing low frequency strategies? Because doing low frequency strategies that gives a good return/risk ration is hard, even very hard! And we have developed such very good strategies for a long time now and used it at the personal level. You can find some of them in our Blackpaper. But, we want of course to continue on improving them also.

We want to bring this potential to the crypto-world. With both strategies on real-assets (S&P500, etc), that would be however hedged in ETH or BTC (meaning you will bring back the performance in the real world to increase the nb of ETH or BTC that the DAF holds), but also on crypto-assets. Liquidity and volumes on crypto-assets are still very low from our perspective, but the market is exponential, and by starting now, we will be in a great position when it will become bigger within 2 to 3 years.

At last, the NaPoleonX ICO is to fund the crypto-asset manager that will launch the strategies. These strategies will be embedded into specific crypo-vehicle called DAF, for Decentralized Autonomous Fund. Do not hesitate to ask more questions if needed.

better news from this ICO is they will launch their indices, we can invest on indices or NaPoleonX token.

NaPoleonX has been invited to BECON blockchain event in Barcelonna as SPEAKER in October! The presentation at the London crypto financing got a lot of attention!!  

Just look next to EOS, Cindicator and KIK  !! http://www.becon.global/exhibitors-crypto-london/

On of the 3 founders will speak : http://www.becon.global/speakers-crypto-london/


Meanwhile, If you have some group or channel in telegram with decent influence with the crypto/ trading/ ICO community please contact me DM cryptoyosh.[/color]