Napoleon Crypto Platform (including website, Index publisher, Reporting system and Voting system) - 4000 ETH As I understand, this is minimum requiments raised funds for working project? Where did you get that? the min cap is 25000 ETH In their whitepaper... on page 11. Oh... really. Min cap 25k ETH... Min Cap = First ICO tranche 25 000 Yeah , they cant continue the project with only that 4k ETH budget. Need some other (asset management license, set up cost etc) like in the whitepaper. I think that 25k ETH is the minimization of the 40k ETH soft cap. Did I miss something ? From where are those 4k you're talking about ? I am really wondering what would happen with the project when the NPX indeed reaches the soft cap but then won't raise the 20 000 ETH SC in their DAF ICO. That would mean that there bots got no money to trade with, right? You are right in your analysis. What is clear is that we would be reluctant to launch a DAF that is too small in size because of some fixed cost. Below 5000 k ETH it might not make a lot of sense. So in theory we would launch a DAF even if we do not reach the 20k ETH mark to do so. If for example, we raise 30k ETH above the 40k ETH target, it is very likely that we would launch 2 DAFs with 15k ETH each. With regards to DAFs that are launch with external money, we would not want to go below this 20kETH because you might have additonal costs as they will pull money from investors and for security and transparency reasons, we might have to implement a specific structuring to make everyone happy and safe. As promoter of this project, our interest is in launching the first DAFs asap in order to initiate this long series of DAFs that will generate money for all of us. |
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The only issue I have with this project is the price of their ICO, 1Ether = 100 tokens which to me is value quite high, I could remember this was what Bancor team did too and the price has been going down since the ICO ends
The price of a token is artificial as we could have multiply the number of tokens by 1000 and divide their value by 1000. We would have been left with the same target amount raised and a token 1000x cheaper. But each token would have 1/1000 right attached, so it's the same for investors anyway. 1 token is priced at 3 USD, so you can always lower this price artificially but penny stocks are not stocks normal investors like to hold. They like expensive stocks and quality has a "price". |
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NPX voters and Strategy Managers get paid in DAF tokens once a month. But what happens with the equivalent amount of ETH and the underlying assets (eg. Future contracts) in the meantime?
Do not forget that botons are performance fees paid in DAF new token. That means that there is no cash movement when botons are paid. So the exposure in real assets do not change at all, only the value of the DAF tokens are affected. And this is done on a continous basis through the use of provisions that are reset at the end of the month when new DAF token are issued in the case of positive performance and higher highs. When I asked that question I thought paying out DAF tokens also meant setting apart the ETH equal to the value of the DAF tokens. But of course that only happens when liquidating, right? No, Performance fees are paid in DAFs tokens that can be freely exchangeable once issued and will also be backed by ETH in the corresponding DAFs, contrary to a lot of project. If DAFs token holders want to have access to these ETH, they will need to collectively agree to do that with a 75% threshold. This is a security mechanism to ensure trust in the DAFs assets as they could be redeemed at any time. |
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As you all know from the last week announcement, NPX ICO has been postponed, to begin in november (exact date will be announced soon), The bitcointalk signature campaign amount is now UP by 30%.
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28% for founders reserve (advisors and founders) isnt that alot ?
Yes this seems quite a lot, I did not know it was this much. There has been projects where token for sales have represented a much smaller share than the 70% you are mentioning. Moreover, this 70% share will increase as the ICO is bigger. Indeed, there are threshold above which the Founders share will not be 15% but a lower amount. You can go on page 11 of our Whitepaper. You have also to remember that NPX token holders will get 85% of the economics through the performance fees mechanism payment. |
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Its really interesting to see how bot will work, its a complexe algorithm really technical and powerful. I think that the bot behind each daf will be incredible. And we daf will manage liquidity, so if you want to redeem your token you can do it at anytime.
The google alogory are currently being supported by humans who are not employed but paid to check the relevance of the search results. The first time I heard that google has employees to check the relevance of search results, I couldnt believe it. Maybe we ''the non-tech people'' overrate what algorithms can do. But if this project succeeds, we are going to be rich  to put it simple, that is one way of "teaching" the machine what is right and wrong (using neural network) so that the next time can perform better. The bot in here must be working in a similar way. It makes me remember the machine on person of interest. Probably bots of napoleonx will get better and better with learning and be running in the system some time. How do you know the bots of napoleonx will get better and better with learning? What is this based on? Only time will tell. In the meantime and as promised, you can chek our demon on beta.napoleonx.ai Username = napoleonx / pwd = demo . Be careful it is case sensitive. Any feedback welcome. There are only 3 strats on our index publisher and soon, it will be blockchained to illustrate our Proof of Performance concept. |
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how bot is going to react to fake news? that is major issues today
The bots don't use news, but more things like technical analysis i believe. Our current bots only use market price as we believe that news are quickly absorbed by the market to form new pricing levels. One has also to realise that prices depend also on psychology. The same news with 2-3 weeks interval could be completely interpreted differently pricing wise. So we stick with price only on our side. However, we know that some bots are trying to use Twits analysis to design a trading strategy. There are lenty of ways to make money. |
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Good idea to bump your post. It must have been very time consuming to work this all out. Thanks @Rigorous for helping us all here. Would be cool if KryptoKings can confirm your thoughts and calculations.
What I am asking myself now is what NPX token holders can then do with the DAF tokens they received. From what I understand these DAF tokens represent a part of a portfolio value for a real asset (correct me if I am wrong). Will NapoleonX have to take care that every token from every new DAF gets listed on an exchange or will they offer to buy these tokens back for a major crypto currency? I might still be a bit confused, so excuse me if my question makes no sense ...
Excellent question, one that was on my list How can you cash out your DAF tokens? The whitepaper has 2 sections about redemption. Redemption Threshold
Even if DAFs are autonomous, they are governed by their subscribers. A redemption option is to be offered to let them the opportunity to close a DAF if a sufficient number of subscribers want to. Such option gives an ultimate liquidity to any subscriber whatever the second market may be. The Redemption Threshold is set at 75%.Redemption of the DAF
DAF token holders may decide to terminate the DAF and redeem it. To occur, the number of voting rights deciding such redemption shall be above 75%.
If redemption is decided, then all non crypto-assets in which the DAF is invested shall be liquidated within 5 days. After such liquidation, the corresponding smart contract shall terminate: DAF tokens are redeemed and all crypto-assets are transferred to the DAF token holders in proportion of their share in the DAF.It seems as though you can not cash out until a majority vote has been reached. is it correct that your deposit is stuck in the DAF until redemption? Well DAF investors will have 2 options to cash out: 1. collectively agree to redeem the DAF with a 75% majority 2. sell their DAF tokens on the secondary market knowing that the DAF assets will be made of cash (ETH or fiat) and real assets that you can easily value. Hence the calculation of the NAV, which will be done daily should provide with some floor on the valuation and avoid complete price discovery as is usually the case. NPX investors, with their portfolio of DAF token through the payment of botons will be able to tailor made their allocation and decide on which DAF to cash out. It will also be possible through our platform to program this in advance. |
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is there anywhere green list checker available? I forgot register or not. Project looks good.
Unfortunately not. After having submitted to the greenlist you should have received an confirmation email. Other wise send us a private mail at contact.napoleonx.ai and we will answer your question there |
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NPX voters and Strategy Managers get paid in DAF tokens once a month. But what happens with the equivalent amount of ETH and the underlying assets (eg. Future contracts) in the meantime?
Do not forget that botons are performance fees paid in DAF new token. That means that there is no cash movement when botons are paid. So the exposure in real assets do not change at all, only the value of the DAF tokens are affected. And this is done on a continous basis through the use of provisions that are reset at the end of the month when new DAF token are issued in the case of positive performance and higher highs. |
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Well, am confused now, why should i buy and hold the coins then? Also why the heck have we been praising and shilling the bot that we won't ever get to use or see in action/
I understand it this way, correct me if I am wrong: Each DAF created requires a new ICO to issue DAF tokens and raise money that the bots can use to trade with. As an NPX token holder you'll get 85% of the 25% performance fees of the bots. You will be payed in the DAF tokens the bot traded on. I agree that it is confusing, because some of the definitions are abstract and counter-intuitive. Statements about NPX, DAF tokens and botons are fragmented over several sections in the whitepaper. This is an example from the whitepaper: To use the trading bots provided by the Strategy Provider, a DAF has to pay some botons. (page 16) How does a DAF pay botons? Botons shall be paid by each DAF on a monthly basis, by the issuance of new DAF tokens, matching the value of the botons consumed on the previous month. (page 6) That is such a tricky sentence. It does my head in. Because I thought paying botons and consuming botons are the same thing, but here they are separate events. Each month 25% of the profit is consumed or 'paid out' in DAF tokens, 85% to the voters and 15% to the developer. That is the prerequisite to trade again the next month. Here is a concrete example: Botons consumption is set at 25% of Performance.
As an example, if, at the beginning of a month, a DAF has a Net Asset Value of 100000 ETH, and if there are 100000 DAF tokens, then the NAV of the DAF token amounts to 1 ETH. If the Performance is 10% at the end of such month, then the gross performance (execution costs excluded) is of 10000 ETH, of which 2500 ETH represents the botons consumption (25% of 10000 ETH). As a consequence, at the end of the month, the Net Asset Value of a DAF token equals 1 x (1 + 10% x (1-25%)) = 1.075 ETH. Then, 2325.5814 DAF tokens (2500/1.075) shall be issued among which 1976.74419 (85% x 2325.5814) shall be allocated to the NPX token holders having participated to the voting sessions involving the eligibility of the trading bots used by the DAF. (page 17) Also, no botons are consumed when suffering loss: If a given strategy or blend of strategies experienced a negative monthly return followed by a positive monthly return, no botons may be collected before the highest past net performance is reached.Let me work that out: Start of January. DAF ICO = DAF NAV = 100000 ETH. End of January, Performance 10%. Botons consumed = 2500 ETH. DAF NAV = 107500 ETH. Start of February. Botons paid by DAF = Botons consumed in January = 2500 ETH. DAF NAV = 107500 ETH. End of February, Performance -2%. Botons consumed = 0 ETH. DAF NAV = 105350 ETH. Start of March. Botons paid by DAF = Botons consumed in February = 0 ETH. DAF NAV = 105350 ETH. Something like that is also illustrated in a table on page 18. Took me a while to grasp this and I am still not sure. Am I thinking in the right direction? BRAVO !!! Yes you are right and before any new botons are paid, NPX token investors will have to wait for the DAF to climb higher than the previous high (107,500 ETH), knowing that the botons are provisioned every day when necessary to avoid having a big slide in the vlue of the DAF. However, they are only paid at month end. It is a bit technical but replicate real life mechanisms that are both smooth and fair for everyone. |
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Will it be possible to know your strategies about how you gonna parameter your bots, to know what you gonna choose. On which assets you want to be focus ?
The bots are intellectual property and will be made available for this project on an unlimited basis. However, don't expect us to reveal all our secret. Our index publisher that should be released tonight, fingers crossed, will demonstrate the Proof of Performance that we wrote about on Medium or the article in CoinTelegraph. However, we have designed a low frequency bot so should we disclose it, people could easily copy it and implement it. Even in the case of a high frequency bot, one should not release it as it may be difficult to copy but if done by some experts the the opportunity might disappear. |
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It will be interesting to see how the ICO climate is in a month or two. For the next month alot of anticipated high profile icos will be executing and liquidity tied to those so hopefully waiting will be an advantage to napoleonx.
Very much agree, a "slowly but surely move" is always a better action than those made within a "in a hurry" situation. If they managed to make partnership with Chaineum, they should use it to the maximum and if this means postponing ICO for few weeks so be it. It should benefit all the investors in long term. Yes we are now accelerating the production of content to use this extra time to communicate more and at all levels with our community. And we have a great news today with a lengthy article on our project in Forbes. Here is the link https://www.forbes.com/sites/rogeraitken/2017/10/04/investment-alternatives-to-deploy-cryptocurrencies-needed-says-algo-crypto-asset-manager-in-ico/And more videos are on their ways. We're working hard with Arnaud in Barcelona to do these things for you guys. |
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when contract going to deploy on git hub for review? nice project and looking forward to invest some
Our smart contract is available on github.napoleonx.ai. We have approached 2 third parties to review them and release an audit report. |
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people. Can I ask a question? If I want use napoleonx to trade my coin on poloniex. does I need install anysoftware or just give napoleonx my api? dont use any bot before so I'm noob
Unfortunately our bots will be only encapsulated in the DAFs we are going to launch as some of them will trade real assets. There will need to be a proper set up to have the bots running and also we do not want to give away our knowhow like this. The DAFs will "rent" the bots against the 25% performance fees, designed as boton. So to answer your question, you will not be able to use our bots to trade on your own cryptos on any exchange. Only the DAFs will benefit from them and they will pay for this service. 85% of the proceeds will then be channeled to the NPX token holders provided they participate in the governance of NapoleonX. |
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waiting to see a demo, beta or just prototype is good enough for me before join this ICO
they have any date of release beta-version? I want to try this also  Dont think they set a date yet but we would all love to see at least alpha version before ICO. It would also be a good marketing move. This we should be the date. We have resolved our security issues, now we are loading as much data from our Blackpaper as possible. In between, please have a look at Arnaud video on Proof of Performance https://youtu.be/3Z4tbPbqXA8. We have been producing quite a number of videos from Barcelona where we are now. There more in store ... Stay tuned, thanks for your patience and support. All our production our on our Youtube channel, so you can check them out there youtube.napoleonx.ai |
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Who knows how intensively DAF, which are planned, will work? Will it be intraday trading? or a transaction, for example, once every three days, once a week?
Deal once a week? It's a robot. High-frequency trade. Why do I need an algorithm, once a week and I can make a deal. However, I believe that the bot will have different strategies for trading. Although in order to use the algorithm to maximize, I would prefer high speed. But the developers know better, I rely on their professionalism. Investors do not need to do anything, only to make a profit. I'm under the impression that it's similar to other trading robots. It could potentially be making multiple trades hourly, or it could only make a few a day. All depends on market conditions. I think depend on you setup and trade condition. also big benefit you can set how many trade per day or week and more low frees charge more then others. If you set a limit per day/week you might miss the most profitable moments to make a trade but on the other hand it can be the other way around. I hope you will be able to choose between high risk high reward and low risk low reward. Yes we might miss the most interesting opportunity during the day by trading at market close but we will get a more valuable asset which is liquidity. As we care about accommodating large amount of investment, there has to be a drawback. But maybe in the future we would improve the capacity to trade intraday. We will need to acquire more intraday data that are very expensive and difficult to get contrary to OHLC datas (Open, Hihh, Low; Close) |
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You can also have a look at this brand new one, just coming out from our Barcelona event (BECON). https://youtu.be/POc6sabJQSU. We are preparing more short videos that will address specific points of our project. Just wait until tonight as Arnaud is mixing things up. |
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see their beta  that's awesome. dev will publish soon so ur guys should be confident when invest on this project Where did you see it? can a link be posted please.... Im getting too hyped to wait longer. Want to see the bot in action! I also would like to take a look at the prototype in action, I wonder how everything will work, test any strategy, if you have this - share it ! Does beta has been released already.? Didnt even see that on their social media or here.? Some team member should clarify this. They said they will release it soon so dont worry, im sure they will post it immediately when it will be ready for public. Where did you see that a beta would be soon released ? What you have is an aimless shiller, using false info to deceive others for his or her own gain. Anyway, a video of an arbitrage in action will be fine but releasing a demo for hands on approach will be most ideal The team answered about the beta before. They want to release/show the working beta before ICO, as they said. I am looking forward to see a working product even if it has maybe still some issues, because it's still just a beta Well, hopefully soon cos ICO is around the corner Well, that is something the devs could tell us, but you are right. ICO is not too far away already. But on the other side, it's just the 2nd October, there is still time until ICO starts. They were more active at the beginning. Although I am not in telegram/slack (not even sure which platform is active) so don't know their activity in there. There is little left for ico, probably they are looking for big investors outside of here. But still they can make some updates time to time about some important issues like beta. 1. We will release our beta version hopefully this we. We are quite busy between hitting the road to promote our project, the just announced partnership negotiation with Chaineum to help us accelerate and scale even more our ICO sale process and additional negotiation that are being done behind the scenes. 2. We have also had time to do some videos here in Barcelona, where we are presenting our project (BECON) with Arnaud. We will try to release them as a lot of you have asked for some small videos that cover some part of our project. 3. We have also worked on a FAQ that we will release today or tomorrow hopefully. We have also listened to you on this topic Thank you for your kind words, we are working hard for you and trying to integrate as many remarks / requests that you may have and answer to them. But there is only 24h in a day and 7 days in a week. Little reminder: We will communicate very shortly on our slightly delay Presale / ICO process. Bonus program and mechanisms will not be changed. We will also communicate tonight on the bounty program to accommodate this delay. |
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One of the strengh of algorithmic is the stress model which evaluate the best way to taking into account the worst case scenario. A gifted human could do it but it does not have the right to error. It saves time and security that bring the serenity to the investor.
Humans will always make an emotional mistake in the long run. No way humans can be unbiased with numbers and stress when it involves money. Bots are the future for most things that involve money:D To be frank I hold a good amount of crypto but, I can't trade freely. I get too nervous while selling or buying anything. Waiting to see NapoleonX in action perhaps it could help me. Having too many coins require a good management since it will make our trading habit becomes so hard. It is better to focus on one or two coins to gain max understanding about the price movements. But if in the future NapoleonX can help us to manage our trading that involved a lot of types of coins, that will be awesome. There are more than one token for a problem. That's making it difficult to keep an eye on everything. NapoleonX could make it easy for everyone. Again NapX won't magically fix your trading woes. You have to be versed in the subject to effectively use a bot to favorable result. If not you might actually speed up the rate of loss with bots. there is no magic formula,a bot can not do the job in your place,on the other hand can help a lot,must find a balance between human and automation... I didn't read anywhere that you are able to adjust the bot settings? I thought that these bot's where just going to run autonomously without any end-user intervention? The idea is not to fine tuned our bots every day as some trader that I know do. However, we will keep developing new ideas and collecting interest from external strategy provider. It would be a pity not to improve an existing bot when this can benefit its current subscribers. It would also be much more simple than closing a bot and launching a new one, that could be similar. Of course, any changes will be put up for vote to existing investor as part of a governance scheme. |
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