@Dev will you be streaming the presentation on the London Blockchain summit live or record it and post it to bitcointalk? It would be nice to see it for all the people who can't go  We won't be able to stream it unfortunately. However, we will definitely advertize it when it's released by the organizer. We might have a pirate version though that will be shares on Youtube ASAP after the event. |
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What will happen to the extra tokens if they don't sell in the crowdsale?
Will they be burned or locked?
Indeed, we intend to burn any unissued tokens. So that investors know what to expect in terms of participation when all is done |
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Apparently, you need to be logged onto your Reddit account to have access to our subreddit when clicking on this link. We've tried it and it works on our machines. |
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Today bots work in the BTC-USD pair segment? Will you consider trading in altcoins?
As far as I know you will be able to trade on almost any pair that you wish. Even in traditional stock and securities market or Forex. Any pair? Do you mean you will be able to trade EUR/ALT EUR/DOLLAR EUR/APPLE, etc ? We probably need this to be clarified by the dev. Having the ability to trade 'any pair' opens it to various degrees of instability except the bots have been optimized to be robust in which case it would be conservative in postions taking. Logical thought that they will work on exchanges so they can use every pair in there. I don't know what will they use, maybe they just go with the big ones or btc to fiat but if they want, they can use anything on the exchanges. Our trade mark in terms of model development has been for liquid assets and low frequency trading. So we will really leverage on that both in the crypto universe and in the traditional space. So don't expect us to trade samller altcoins at the beginning. It could come in a second stage when we find and test enough algos |
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Today bots work in the BTC-USD pair segment? Will you consider trading in altcoins?
As far as I know you will be able to trade on almost any pair that you wish. Even in traditional stock and securities market or Forex. As long as it can make money and that we can manage large amount of money, we will do it !!! The more DAFs the better from a diversification point of view. |
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Is the gas consumed by the DAFs the same gas used by NEO, or is it NaPoleonX's own gas?
The gas consumed by the DAF =performance fees. This word is too confusing, so as already communicated, we will change it very soon |
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is there a direkt exchange planned from NPX to fiat?
We are still negotiating this kind of arrangement with one potential intermediary. It is taking quite a long time given the number of ICOs in the market. Though we think it is an interesting feature in our project as traditional investors would be able to understand very easily our business model. |
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Today bots work in the BTC-USD pair segment? Will you consider trading in altcoins?
Yes we have started to apply our existing bots working in the traditional asset space to the most liquid crypto currency. We need long term data to get confidence in our trading signals as we would not want to develop a trading system when we are only experiencing one kind of regime. All our models must pass tests and be able to work under all weather conditions. ETH is the next candidate to start developing trading bots for us. Stay tune |
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i read white paper there is trading bot give benefit to investors and token holders get 85% profit when trading bot work on rent. but how will get napoleonx token holder benefits. is there parking system work or holding token system work?
investors will be paid with the gas generated by the transactions done by bots. That is correct. The term gas has been confusing and we will replace this terminology by something that is clearer. In essence, these are performance fees, but we wanted to have something a little bit "funky" here than just performance fees. |
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Please test all the security measures before holding the ICO. Yesterday Centra's website was hacked and I unknowingly sent my ETH to hacker's address.
Their platform in beta is ready, they are now just adding security measures for it, I imagine that will h happens in te ICO too, right now you could subscribe for the PRE-ICO, and there is still time before the ICO starts, so they will tell us soon which measures they will take, they already know about hackers, some projects like veritaseum, were hacked, they won't commit the same mistake as others did:D. I hope so because I don't want to lose my ETH again and in return get nothing. Although Centra sent the token even to the ones who sent ETH to the hacker's address but, hey not everybody is Centra. Actually it's centra's job to make their site safe, so if you give eth to hackers because of centra, then they should compensate your loss, which they already did. The best thing is just avoid site getting hacked. Napoleonx is going for this way, which is the right way. Yes, best is to avoid it and as NapoleonX already stated they work on it. But even the best security arrangements are not 100% save. So I am not sure if you could say it's Centra's or who every fault if they get hacked. Anyways NapoleonX is working on it i read the whole page and couldnt find a post who answers the first quote in this post right now. would be interestet in that too We have decided to buy the napoleonx.eth domain and will ask investor to only send money to this address or a sub domain so that nobody can insert or try to do so a misleading address. We will keep communicating on that so that there no surprise in the end |
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This is a mistake that we will correct. This was our old price that have been changed to 1 NPX = 0.01 ETH following feedback form our early adopters. The price seems high in my own opinion, at the rate of 1NPX=0.01 ETH=$2.89 approximately $3. Can the team explain how they come up with their valuation and also what is the maximum cap for this project, Is there any private or pre-sale already We have provided our Uses and Sources in our Whitepaper whitepaper.napoleonx.ai Your question is legitimate, but we will use a chunk of this ICO to get a proper asset management licence that will be required for any actors in the fund management space even in crypto. This is rather heavy stuff and is difficult to do on the cheap. Regarding the value of one token, then that is purely arbitrary and is not really relevant. I could have decided to sell one token for 0.001 ETH and sell 10 times more token so that I collect the same amount of money to develop the project |
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i read white paper there is trading bot give benefit to investors and token holders get 85% profit when trading bot work on rent. but how will get napoleonx token holder benefits. is there parking system work or holding token system work?
It doesnot work exactly like this: 1. If a DAF makes a profit, then 25% of this profit will be charged as prformance fee to the DAF token holders. 2. Out of this 25% performance fee, 85% will be paid to NPX token holders as dividends in the form of new DAF tokens to avoid unecessary cash movements. 3. NPX token holders will then be able to sell or keep the new DAF tokens received as dividends as they wish |
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I've been looking over your token metrics and wondered if the NPX token is divisible. So, for example can i send someone 11.345 NPX? Or does it always have to be whole numbers?
The whitepaper mentions that NPX is a token without decimals, so you will always have whole NPX, 1, 2 3 and so on, I imagine that will make things easier for the bots, clients, holders, etc. but will force to pay whole amounts if you want to buy some NPX you will have to buy with a set amount. token without decimals. This can be a problem. When sending tokens between users' wallets, they will require small commissions. If the token is indivisible, there may be a technical problem. The Commission will have to put at least one NPX. I have raised this point with our Jerome, our Advisor on this point to get his hindsight. It would not be a good thing that people are overpaying for making transactions. |
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Please test all the security measures before holding the ICO. Yesterday Centra's website was hacked and I unknowingly sent my ETH to hacker's address.
We have bought napoelonx.eth domain and this or a sub-domain will be use for collecting the funds during this ICO. No other address should be used to send funds. We hope this way, we will prevent / limit any hacking activity. |
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How the team handles question of the community, you can see how serious, knowledgeable and dedicated they are to this project. Already convinced, this will be my very first ICO investment. I am also with their slack and the CEO itself communicates and very active answering questions. Bounty thread is organized as well. Kudos to this team  P.S - I know how busy you are guys buty maybe you're so kind guys to give newbies like me a simple presentation how will this work. It will definitely give me more knowledge about this project Thank you for your kind words. We find it important to answer any possible questions investors may have to first build trust and second give as much information as possible. As we are raising money from investors, that is the bare minimum we need to do. You can find a link to our recent Zurich presentation at the ICO Summit : https://fr.slideshare.net/Project_NapoleonX/napoleonx-zurich?qid=dd452690-1f65-468b-a4d3-dbda2c5801f4&v=&b=&from_search=1. I hope it will help you to understand us a little bit better. |
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I've been looking over your token metrics and wondered if the NPX token is divisible. So, for example can i send someone 11.345 NPX? Or does it always have to be whole numbers?
The whitepaper mentions that NPX is a token without decimals, so you will always have whole NPX, 1, 2 3 and so on, I imagine that will make things easier for the bots, clients, holders, etc. but will force to pay whole amounts if you want to buy some NPX you will have to buy with a set amount. That will give an impact if in the future NPX price become high, 100 or 200 USD for example. In that case, low budget people will difficult to buy it. That is why we are proposing people to buy it now when it's only 3USD / NPX !!! We view these tokens as tokens that should be in limited supply so that they can increase in value when first holders start receiving dividends and truly grasp our long term view on this project. |
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KryptoKings, I won't respond to each of your answers to my questions to prevent polluting the thread, so I just let you know this way that I appreciate the time you take for explaining the matter in-depth.
Good quality questions won't pollute this thread my friend. Speaking of which I've got suggestion - OP should create some kind of FAQ We have started to work on such a FAQ, unfortunately we've been busy negotiating potential deals and organizing a Meetup last night with the ASSETH. We will try to have something done this we. |
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I've been looking over your token metrics and wondered if the NPX token is divisible. So, for example can i send someone 11.345 NPX? Or does it always have to be whole numbers?
If they had already share smart contract details, it could have shown to us. But for a low supply token (17.500.000) i think there should be some dividents. If projects become too successful even transfer fees would kill us. Our smart contract has now been released on Github. it should be here github.napoleonx.ai. In case of any question, please raise it. If you also find ways to make our code more secure, smarter, we would be ready to get your inputs |
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KryptoKings, I won't respond to each of your answers to my questions to prevent polluting the thread, so I just let you know this way that I appreciate the time you take for explaining the matter in-depth.
Thank you, you are welcome, we are trying to be as clear and reactive as possible for sake of clarity and trust! |
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