Many thanks for your support! Indeed we are convinced that bots are the way to trade if you want to generate return thanks to their data treatment capacity and that they remove human emotion.
We will bring our expertise having developed the best hedge fund techniques. We have indeed the ambition to generate sustainable and diversified return through our highly scalable proprietary bots, characterized by low-medium trading frequency on the main liquid financial assets.

You are definitely right, we are convinced that you can not be off the bots field today if you want to generate sustainable return for 2 main reasons:
- bots remove the main error generator, i.e human emotion
- bots can treate on a quasi-exhaustive way the datas reflecting in the market

Happy to discuss!

It is a very pedagogic idea, we should try it asap ! Many thanks for the tip!

We definitely want to build in the long term a new singular player in the crypto asset management world based on our technicity and trading bots. Coming from the fiat world, we are very conscious and concerned about security and legal duties what explained our will to ask for the management license first.
We are thus launching first the NPX ICO to build such a robust manager and obtain the asset management license before managing the DAFs. This is in our investors' interest as well as ours.
Our uses and sources are precised in the whitepaper and serve mainly with accuracy for the license, the Platform construction and the data lake.
For your information, even if we are very confident to get it, we have already negociated a Plan B for the license, renting it to a tier 1 asset management company, if it would have been too long to obtain it directly.

Looking at the volatility and the fact that we will manage funds with a regulatory license, we will address to qualified investors.
Our bots philosophy is based on low-medium frequency on higly liquid assets only (no illiquidity premium). Our aim is to bring sustainable performance/alpha to tilt the crypto funding of the DAFs(either ETH or BTC). And we will search this alpha mainly into the fiat world (largest equity, credit or fx futures) for liquidity thus scalability reasons. Again, the idea is to diversify investors' crypto exposure on top of their crypto, bringing back the performance from the fiat to the crypto world through hedging mechanism.
Concretely, the DAFs will be libelled in cryptos (you will subscribe in ETH or BTC), will convert part of those cryptos into fiat money to look for performance from the fiat world thanks to bot, and hedge the fiat conversion and performance into crypto to bring back value from the fiat world. You could thus expect a DAF' performance of crypto + sustainable alpha. The alpha part is illustrated into our Blackpaper.

Thanks for your remarks, taken into consideration, we should post some materials soon for sake of clarity!

Hello matjas,
some of these bots were used by JC and Stéphane when they were asset managers at tier 1 banks. The ICO is to fund the crypto asset manager so that afterwards we could launch the funds (the DAFs). We are both planning to expand a lot (most of the bots may handle more than 500 m€ with the same KPI and very low execution risk (mostly due to the low frequency trading style and the very liquid underlyings)) and to offer the opportunity to the community to be part of this story :-)
The quantitative management is an exponential market in the fiat world. Combined with the exponential trend in the crypto, we bet on a very exponential market trend for our project.

Hello pynetx,

yes we are sorry for that. It seems clear for us, because it is simply an asset manager that launches several funds (DAFs) adapted to the crypto world. But we will do. I've just uploaded the pitch made by Jean-Charles two days ago at the ICO Summit in Zurich: https://youtu.be/t8hap1BkFtQ. Sorry for the image quality, because I had the sun in front. We will ask the organizer for the pro version. You can access other videos on http://youtube.napoleonx.ai. Hope it helps!

Hello chaoscoinz,

NapoleonX is the global project. At the end of the ICO, NPX tokens will be issued that will be used to access the platform and vote for several questions. As NPX token holders, you own the management company itself in some way. After that, the management company shall launch several funds that will be the DAFs (Decentralized Autonomous Funds).
Napoleon Crypto is the swiss company owned by the founders that will provide the first trading bots and that will implement the strategies decided by each DAF. is it clearer?

Hello viljy,

No, it is a back-test. When you have a quantitative strategy, you can make it run 'as if' it ran during the past, by feeding it with the corresponding values. The danger is, for the asset manager or bot designer, to try to changes the parameter of the bots so that it gives the best back-test. Doing so, you usually overfit your model, which may lead your model to better handle market situations similar to what happened in the past, but to be worst on new market configurations, which represents a risk.
To handle this issue, we have created the Proof of Performance concept (https://medium.com/proof-of-performance/proof-of-performance-blockchain-applied-to-trading-6e30404a9754). It uses the blockchain as third trusted party to handle this issue. We will release our prototype of blockchained index publisher before the ICO.

Hello Rigourous,

yes, exactly! That's what we want to disrupt also : the fee structure. We want to align asset managers with investors: that's why we don't put management fees on the DAF, but only Performance Fees. If the bot provide performance to its investors, it will be paid, otherwise he won't! As simple as that. So it is a strong incentive to design performing trading bots :-)

Hello FIEX,

Thanks! Yes, they will be more bots doing crypto. But, we are focusing on very scalable trading bots. As of today, daily trading volumes on crypto are not very high, except for bitcoin. Indeed, if you want to attract big investors, you need to be able to manage high volumes on your bots.
So it is much more a question of size of the underlying crypto markets than the question of the ability to design performing bots on these markets. And so, we shall definitively launch trading bots on crypto, but when such crypto market cap and daily volumes will be high enough.

Hello Elkmar,
USA, both citizens and residents, won't be able to participate to the ICO.
For what concerns China, we understand that chinese people are not allowed by their country to participate in ICO project. We are still checking if we understood that right or if there is some space for chinese citizens to participate in the ICO. From a conservative point of view, we consider, for the moment, that they won't be able to participate.
For what concerns HK, our lawyer is also checking that.

From a more general point of view, we have decided to be conservative on these subjects, even if we may lose some (or lots of) participants. There are several reasons for these, besides moral and ethics. The first one being that we don't want to jeopardize the project by putting at risk the collected amount. Indeed, if we are sued after the ICO, we will have to dedicate time and money to an issue that could have been saved. It would be bad for the project and bad for all the participants at the ICO. The other reasons are that we are talking to big investors that need a very secure scheme to invest (they don't want their money at the middle of a big mess), or that we will need to acquire an asset management license from the swiss regulator...

So we are sorry for those who won't be able to invest, but it is a rational choice, made to protect the project and the future value of the NPX token.

Hello Rigourous,
although it is not a question, I must answer and thank you for the support :-). Yes we have decided to dedicate several hours per day on BT to explain the project to the community. Because we know that it may difficult to understand, in particular for people who does not have a specific financial background. So we very much appreciate the support of all of you, and it warms us up when we read every kind comments. Make us feel we are right to spend time at this.

Hello helloal,
yes we will upload the video this evening or tomorrow. It will be on our youtube channel at http://youtube.napoleonx.ai.
We have JC's pitch quite close, but the sun is in front. We should get the pro version provided by the organizer, but there may be delays...

Hello niklasmato,

If we simplify and try to keep on the military metaphor, we coud say that the project will be an army of trading bots, with several companies (in the military sense) that would be the DAF in fact: a team of selected soldiers (trading bots) sent to a fight on a specific battlefield (the market of the underlying asset). NPX token holders would be the generals and would get the flags seized from the enemies :-)
We have already developed very great trading bots, developed by Stéphane and Jean-Charles when they worked at BNP. In some sense, it is like you would get tanks on your battlefield.

Hello cantdecide,

yes we understand your points. We can even say that the project will be an army of trading bots, with several companies (in the military sense) that would be the DAF in fact: a team of selected soldiers (trading bots) sent to a fight on a specific battlefield (the market of the underlying asset). NPX token holders would be the generals and would get the flags seized from the enemies :-)

Hello Departure,

some of them are detailed in our blackpaper. You can find it at blackpaper.napoleonx.ai.

They are low frequency strategies (at most one trade per day at close) working on the biggest equity indices (SP500? Eurostox 50, etc).
We have also gold and BTC market timing strategies.

But the DAF, that will implement these strategies will be hedged so that the performance shall be in ETH or BTC. Indeed, from the ETH or BTC collected by the DAF, we will need to convert only a part (eg 30%) in fiat to implement the strategy. There is a natural hedge of around 70% that will be complemented by a formal hedge on the remaining part through the use of BTC futures (and after some points of ETH futures). We may also decide to try to hedge the expected performance. At the end of the day, if the strategy has a positive performance, the DAF will have earn new ETHs or BTCs so that the Net Asset Value of a DAF token would have increased. Hope it is clear?

Yes, that's part of the (secret :-)) plan also in fact. We are working on a work flow to (automatically) assess the quality of any trading strategy with the aim to make a selection of the best ones, for each asset class. The aim being to then feed the DAFs. Part of theses strategies may be AI / DL, subject to the set-up of the satisfactory infrastructure (for data management). But all this work is definitively a post-ICO one.

We have published in our Blackpaper our first 10 trading bots (http://blackpaper.napoleonx.ai/) to give you a flavour of what you could expect. These bots use mainly the major equity, FX and credit indices as underlyings to generate sustainable return on top of the funding in ETH or BTC. The trading style is market timing in a low-medium frequency. We should release very soon (in 2-3 weeks) our blockchained index Publisher listing those strategies and showing trading live as proof of performance.
The starting point was 10 years ago when we decided to developp such strategies and implement them into our Investment books (>4bl€) in our former Professional life (asset manager in a European leading Investment company).