So, if I hold my tokens and not use them for bots. Will I earn profit from the bot fee?
By the way, this is a good question! I also join him. Actually, I thought that the holders would also make a profit, but now I'm not sure, I would like to know definitely. Perhaps the team can write out some examples of different use cases. So investor x invested a certain amount, he uses it for x and the result is x. Yes, it would be nice if the developers explained the system on several specific examples. So it's easier to understand. Holding the NPX tokens will provide the following benefits: 1. Participate in the governance of NapoleonX by selectionng the DAFs that will be launch and monitoring the leverage / level of risk 2. In exchange of the governance, they will get a remuneration of 85% of performance fees with no need to additional investment 3. they will have a privileged access to future DAF launch should they wish to do so. how will the napx holders control the leverage/risk level, if the bots are handling all the info and is it determined by general consensus or is your vote equated on your allocation amount? |
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There are still plenty of time before ICO and anything can happen during that time. Hopefully people do not get tired of having to wait in that time period.
If people sees that the project is good and has the highest possibility in pumping then they will learn to wait on this project. And I will not wonder if their coin will be sold out. Many people are impatient when they have to wait a long time. Their minds could be swayed during the waiting period. But for some others, this gives enough time to make judgments while raising money to invest. you should always have as much time as possible to decide on an investment. This are hard earned money here, not play money we talking about. |
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Can we delete our data anytime at our will in future?
Very good question, wondering this myself. Since datum recognize the dangers of Data storage I hope they will integrate an option to deleted data on request Delete data from where? If you decide to sell it, you obviously can't delete sold information afterwards, and since facebook / twitter holds it anyway, you can't delete it from their servers either. Well technically you can delete your account but they still will keep your information. Probably he meas to delete it from the blockchain? As Datum will save your data on their blockchain, as I understand, to be able to give it to companies etc. Well, of course you can't delete collected data which is sold, also will not Facebook or twitter or google or who ever has your data delete it. But Datum is collecting themself, right? You don't use the data which for example facebook collected about you. Something saved on the blockchain can't be deleted, or am I wrong? You can't delete anything on the blockchain I thought Datum would save our date on BigchainDB and IPFS Obviously you can't delete info on other servers but that doesn't mean you can't delete the info on your own machine. It's just like it is right now, you could post a pic and delete it, but it might be on other servers and you can't do anything about that. |
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Can we delete our data anytime at our will in future?
Very good question, wondering this myself. Since datum recognize the dangers of Data storage I hope they will integrate an option to deleted data on request It's your data. You own it, so i don't see a reason why you can't delete it at will. you will just stop earning with that data. |
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took a lil time off but glad to see everything is still in motion. I have been contemplating investing on decentraland. wondering, how it will be affected, soon as this takes off
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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 100’000 ETH, and if there are 100’000 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 10’000 ETH, of which 2’500 ETH represents the botons’ consumption (25% of 10’000 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, 2’325.5814 DAF tokens (2’500/1.075) shall be issued among which 1’976.74419 (85% x 2’325.5814) 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 = 100’000 ETH. End of January, Performance 10%. Botons consumed = 2’500 ETH. DAF NAV = 107’500 ETH. Start of February. Botons paid by DAF = Botons consumed in January = 2’500 ETH. DAF NAV = 107’500 ETH. End of February, Performance -2%. Botons consumed = 0 ETH. DAF NAV = 105’350 ETH. Start of March. Botons paid by DAF = Botons consumed in February = 0 ETH. DAF NAV = 105’350 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? I will actually bump this up cos their is a lot of confusion that no one seem to want to discuss. Could someone indicate if rigorous train of thought is aligned with the dev's plans for potential investor Thanks for that. With all due respect, because of the lack of response to my posts I am starting worry few people in here try to do the math and take everything presented in NaPoleonX's papers for granted. Part of me can imagine why, it is no easy reading. But if you are serious about investing you need to look at the details, not just ignore all the technobabble, and try to understand what is actually written.
Am bumping this once again. Really surprised that no one from the team has bothered to expand on the question, and other members are not quoting this till it's answered. This is vital info for potential investors and should be addressed. |
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the 12 months token locks sounds truly "PayPie brings ultimate trust and transparency "
You mean, devs tokens will be locked for 12 mounth? its sounds really great. Anyway - its long-term project.. But I hope we will have a huge profit at next Spring  I like this vesting idea. Thanks to that there will be lower supply and there won't be any dump of tokens  By the way, this should be a rule for every legit ICO. Thee is no reason to release funding immediately post ICO. Vesting gives the team the time to work on releasing a stable product/build trust. |
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Hello. I prepeared few eth for this ico, but there is a little strange thing - no finished product, even alpha or beta release or even testing, just nothing. That's why im a little bit afraid and still thinking. What do u think about this?
As much as i look forward to the time when a company needs a stable platform prior to commencing with ICO, sadly we not at that stage yet. 98% of ICOs is based on speculative ideas. A diligent research is vital in securing your decision. Personally, am comfortable with the ability of Paypie team to deliver on proposed idea, but ultimately its up to you to do a diligent research before investing. |
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Im subscribed to their newsletters today. But didnt receive mail... May be i missed. So, I asking here about bonuses.
maybe you need to use a reliable e-mail service, for example - gmail ? if you find something information about bonuses, tell me too I'm also waiting for information about the bonus... but as far as I know they will reveal it only tomorrow. I'm really curious about that! I am not sure why they not disclosing bonus details for small investor, it's really not good, we must know what will be the bonus. The idea is to curtail individuals with interest to pnd the ico from participating. If you need to know the bonus before investing. Then this one is probably not for you. |
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Hey,
I could use some help. Post updating the solaris conf file, the wallet is stuck at 50% currently synchronizing masternode. I wasn't sure what to add in the masternode conf file, so i left it unchanged. Could someone plz tell me what i need to do to get synchronized. Also, i have enough for a masternode. could someone also post info on how to set one up. Thanks. i do appreciate it.
you could try to read THREAD before shitposting same question over and over again. like 10 people before you. Thanks for your kind response. I peruse the thread and all i saw was nodes to update the solaris conf file, but nothing about the masternode. plz if you can point me to the page with this info, i will stop shitposting on the thread. The wallet will be sync'ed eventually, if the process was started. Just matter of time. There were no words for masternode yet, so keep checking this tread. Thank you |
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Hey,
I could use some help. Post updating the solaris conf file, the wallet is stuck at 50% currently synchronizing masternode. I wasn't sure what to add in the masternode conf file, so i left it unchanged. Could someone plz tell me what i need to do to get synchronized. Also, i have enough for a masternode. could someone also post info on how to set one up. Thanks. i do appreciate it.
you could try to read THREAD before shitposting same question over and over again. like 10 people before you. Thanks for your kind response. I peruse the thread and all i saw was nodes to update the solaris conf file, but nothing about the masternode. plz if you can point me to the page with this info, i will stop shitposting on the thread. |
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Hey,
I could use some help. Post updating the solaris conf file, the wallet is stuck at 50% currently synchronizing masternode. I wasn't sure what to add in the masternode conf file, so i left it unchanged. Could someone plz tell me what i need to do to get synchronized. Also, i have enough for a masternode. could someone also post info on how to set one up. Thanks. i do appreciate it.
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I think information about the ico will come very soon, in the following days. Devs said that they will annonce it first week of October, so this week. I know we are a lot to wait the news but we will have it very soon !
Im sure that the ico will be a great sucess, the soft cap will be hitted really fast.
PayPal has the advantage of being the first at the table... so ... So what? IBM was first but now Microsoft and Apple rule whole market. In payment industry winner will be determined by quality and affordability of it's services Microsoft and Apple might rule the personal computing market but IBM is still a viable contender in the corporate sector and that where the real money is. so don't undermine them. Bitching aside, I know where you coming from and I agree:) |
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They will accept only main cryptopayments, as I understand from their whitepaper. But I hope they will add fiat also in future. Or may be they will make convenient mechanismfor exchange fiat to cryptocurencies and conversely? Who knows?
This is a cryptocurrency online payment system, so they will only accept Crypto Of course. I think it is not a good idea that UTRUST will add fiat for payment. If that will happen, it will become centralized. They could add an automatic fiat to bitcoin exchange in their application then it will be decentralized again. With all those currency exchanges involved in the process I wonder how sustainable the low transactions fees UTRUST claims really are. I have to recheck the whitepaper to see how it works and if I overlooked something. Don't you think the 1% commission and exchange conversion fees the buyer has to pay will be enough to cover all the costs? I wonder why the competition has such high fees. If it is so easy to decrease the fees as UTRUST claims, then why has no competitor been able to beat PayPal in all those years? So far UTRUST is just theory. I worry that when UTRUST is actually online they might hit upon unforeseen expenditure and have to raise the fees. yeah, I think this is akin to a politician making promises to earn the vote and post winning, will try to deliver on the aforementioned promise but in a case where it's unattainable, it's whatever, cos the post has already been won. I think Utrust is saying whatever to align themselves in a position to have a successful ICO which hopefully will lead to viable platform. Post platform debut, promises will be modified to reflect current market standard. |
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about the FIAT and asking bout those credit card and debit! utrust need sometime for it! what are they preparing now is the coming ICO after the first week of October! once all done and they start it! it will easily be added on the feature! so keep your temper calm
TOTALLY right! lets give the dev and the project a good place to breath, let them have a good days of rest and ICO! then after it they will surely do what ever thay can to spread the project and have more platforms! Not totally right. The idea is to do your due diligence before investing in any ICO, and if you utilizing crowdfunding to finance your buisness, then you should be ready to provide potential investors with all past/current and future information related to your company. |
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Cool project,
But I couldn't really understand how does the IIC actually work?
What would be a simple real life example?
El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential. So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform. Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history. Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites. |
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Okay so they have now announced presale on 8/10 good decision.I am sure will be sold out.Lets see if I can make it
Oh... I missed announse. Any more details? Which bonuses, price, min contribution etc? You can either go to page 157 or click this link https://bitcointalk.org/index.php?topic=2061671.3120 All the info is listed by the 2nd poster on that page No whitelisting, no kyc/aml and US residents can participate? Well that is strange... Actually, it's not strange. what you have is an ICO done right. No favors to rich, everyone can fairly acquire a piece of the pie. (pun intended) As for the US Citizens, everyone knows that if you don't offer a product that pays dividend and you not involved in anything shady, thus having a reason to hide, then there is no reason to exclude your ICO from united state citizens. so offering it to U.S citizens should be an extra proof that you dealing with a reliable company that is willing to endure the scrutinizing from SEC and such. Just came to here looking for a reason why the citizens of united states are allowed. Your explanation makes most sense so far so thanks for your input! So it will be on sunday like I speculated  . Yeah I agree with that guy and maybe the announcement came so later because they discussed with SEC which willenable US citizens to partecipate in this ICO. This happened rarely recently I think many US citizens are not into the ICO business because hardly any ICO is allowed in the US. I think many people should do the extra work to allow people from US. As far as I know there are no ICO that are allowed in US. Anyway if someone wants to invest they can do this by using some kind of VPN or other clever ways  Sorry, but you are wrong. There is no law saying that ICO can not be held or made available to U.S citizens. Rather, the law states that if you dealing in securities then it has to pass approval by the SEC. Also, there is no law that requires companies to blacklist U.S citizens. Most do it to prevent the headache that comes from been scrutinized and also to avoid a possible law suit. For a company to open themselves to such says a lot about the team. |
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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 100’000 ETH, and if there are 100’000 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 10’000 ETH, of which 2’500 ETH represents the botons’ consumption (25% of 10’000 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, 2’325.5814 DAF tokens (2’500/1.075) shall be issued among which 1’976.74419 (85% x 2’325.5814) 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 = 100’000 ETH. End of January, Performance 10%. Botons consumed = 2’500 ETH. DAF NAV = 107’500 ETH. Start of February. Botons paid by DAF = Botons consumed in January = 2’500 ETH. DAF NAV = 107’500 ETH. End of February, Performance -2%. Botons consumed = 0 ETH. DAF NAV = 105’350 ETH. Start of March. Botons paid by DAF = Botons consumed in February = 0 ETH. DAF NAV = 105’350 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? I will actually bump this up cos their is a lot of confusion that no one seem to want to discuss. Could someone indicate if rigorous train of thought is aligned with the dev's plans for potential investor |
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is this real that sell is postponed till Nov now?
Apparently the partnered with another company called chaineum that aid others have a successful ICO. So they will extend the ICO to give chaineum the time to implement their practice. |
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I also think that NapoleonX is the best project in crypto asset management. The Daf system is really disruptive and the team will offer us a well developed platform. The algorithm for each Daf will be very powerfull, I think that the benefit from NapoleonX will be incredible.
It's too early to say if it's the best, time will show us, but the project is really needed for the market and its advantage is that it supports both physical currencies and digital. At least with other arbitrage systems, you have certain control on how the bots perform thus enabling minor tweaks to earn a favorable return. while in this situation am still confused if am investing in the arbitrage script or am just giving my money to an investment firm, hoping they will return it with some interest. |
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