[ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀

[greatteager]

I just read the latest article posted by the team:
https://medium.com/@napoleonx.ai/napoleonx-project-phasing-366e80060f1f

It looks like they are targeting whales and wealthy investors. Maybe that's why there hasn't been much updates for the small-scale investors for us.

Thank you, thats a good article.
Simple and clear explanation.
Thats reasonable if this project will target whales.
You can only feel a good amount of profit when using a bot if you have big capital.

This will be a project for rich investors, bots will be able to make good profits trading large amounts and with small capital it is better to participate in ICO.

[Rigorous]

An important question was answered on Telegram by Stephane Ifrah. Why are NaPoleonX raising more than a million?

First, our target cap is 40k ETH which is not 50millions. We had also taken into account for the volatility of the ETH vs USD that is not negligible. At some point during the project pre launch, we had ETH at less than 200 USD.

Second, to get an asset management licence, you need to demonstrate 3 years of budget to the regulator, not just one.

Third, to have the right set up for an asset management company we will need to hire at least 3 additional people and the overall HR cost will be closer to EUR 1.5 million on an annual basis including social tax

Fourth, other cost will include acquisition of financial data, rental cost and legal cost to set up the asset management company and the future DAF

Fifth, we will need an important marketing budget to launch the first DAFs once we have been cleared by the regulator.

[tiger5056]

ETH price went high today. is it going to be adjusted per $ value or same?

[nonconformist]

I guess pre-ico finally live.

Does anyone know how much they raised already?

i dont know, i cant see any counter. but i hope they will finished soon and the regulate ico can starting.

The payments didn't start yet. But Arnaud confirmed on Telegram that they will begin soon and that they will communicate the raised amount after the end of the pre-sale.

Their twitter says that Pre-ICO is live. Confusing.

It is live , there's just no counter on the website, which is a shame.

I'm sure they will add this data on a later stage. Nothing to worry about, I haven't seen much ICO's publishing the pre-ico numbers until the ICO starts.

Really? I saw so many with counters on their website recently :/ Would really love to know how the pre-ICO process is going.

Imo, such counter during the presale isn't necessary needed. The end result for such presale will be enough. Btw, let's hope for the best result then!

How much you guys think they gonna raise during pre-sale?

I think no one has a crystal ball    but presale result can predict ico sale at the least i think

I am not really agitated or worried at all for their delay for the pre-sale. For my own reason because I am still gathering funds to get as much as possible NPX. And if this delay is what they needed for the betterment of NPX and the success of their ICO so be it.

[toolucky98]

ETH price went high today. is it going to be adjusted per $ value or same?

I dont think so, because its already a risk.
But maybe they will adjust the cap.

[pynetx]

An important question was answered on Telegram by Stephane Ifrah. Why are NaPoleonX raising more than a million?

First, our target cap is 40k ETH which is not 50millions. We had also taken into account for the volatility of the ETH vs USD that is not negligible. At some point during the project pre launch, we had ETH at less than 200 USD.

Second, to get an asset management licence, you need to demonstrate 3 years of budget to the regulator, not just one.

Third, to have the right set up for an asset management company we will need to hire at least 3 additional people and the overall HR cost will be closer to EUR 1.5 million on an annual basis including social tax

Fourth, other cost will include acquisition of financial data, rental cost and legal cost to set up the asset management company and the future DAF

Fifth, we will need an important marketing budget to launch the first DAFs once we have been cleared by the regulator.

Well, they are right with everything they said. Hope they get the necessary funds and deliver the product as promised.

[cantdecide]

An important question was answered on Telegram by Stephane Ifrah. Why are NaPoleonX raising more than a million?

First, our target cap is 40k ETH which is not 50millions. We had also taken into account for the volatility of the ETH vs USD that is not negligible. At some point during the project pre launch, we had ETH at less than 200 USD.

Second, to get an asset management licence, you need to demonstrate 3 years of budget to the regulator, not just one.

Third, to have the right set up for an asset management company we will need to hire at least 3 additional people and the overall HR cost will be closer to EUR 1.5 million on an annual basis including social tax

Fourth, other cost will include acquisition of financial data, rental cost and legal cost to set up the asset management company and the future DAF

Fifth, we will need an important marketing budget to launch the first DAFs once we have been cleared by the regulator.

Well reading this it makes somehow sense that they aim for 40k ETH.

[gliridian]

An important question was answered on Telegram by Stephane Ifrah. Why are NaPoleonX raising more than a million?

First, our target cap is 40k ETH which is not 50millions. We had also taken into account for the volatility of the ETH vs USD that is not negligible. At some point during the project pre launch, we had ETH at less than 200 USD.

Second, to get an asset management licence, you need to demonstrate 3 years of budget to the regulator, not just one.

Third, to have the right set up for an asset management company we will need to hire at least 3 additional people and the overall HR cost will be closer to EUR 1.5 million on an annual basis including social tax

Fourth, other cost will include acquisition of financial data, rental cost and legal cost to set up the asset management company and the future DAF

Fifth, we will need an important marketing budget to launch the first DAFs once we have been cleared by the regulator.

Well reading this it makes somehow sense that they aim for 40k ETH.

It's a good thing that make this aspect of their fundraising clear. I like the fact than Stephane broke the expenses down. True, it does now make sense. A project this ambitious and big does need that kind of amount for it to be successful. I hope they reach their goal. I, myself will be investing in this project.

[Piggy]

An important question was answered on Telegram by Stephane Ifrah. Why are NaPoleonX raising more than a million?

First, our target cap is 40k ETH which is not 50millions. We had also taken into account for the volatility of the ETH vs USD that is not negligible. At some point during the project pre launch, we had ETH at less than 200 USD.

Second, to get an asset management licence, you need to demonstrate 3 years of budget to the regulator, not just one.

Third, to have the right set up for an asset management company we will need to hire at least 3 additional people and the overall HR cost will be closer to EUR 1.5 million on an annual basis including social tax

Fourth, other cost will include acquisition of financial data, rental cost and legal cost to set up the asset management company and the future DAF

Fifth, we will need an important marketing budget to launch the first DAFs once we have been cleared by the regulator.

Well reading this it makes somehow sense that they aim for 40k ETH.

Yes that licence cost a lot of money, there is no way around it

[Cauchy]

An important question was answered on Telegram by Stephane Ifrah. Why are NaPoleonX raising more than a million?

First, our target cap is 40k ETH which is not 50millions. We had also taken into account for the volatility of the ETH vs USD that is not negligible. At some point during the project pre launch, we had ETH at less than 200 USD.

Second, to get an asset management licence, you need to demonstrate 3 years of budget to the regulator, not just one.

Third, to have the right set up for an asset management company we will need to hire at least 3 additional people and the overall HR cost will be closer to EUR 1.5 million on an annual basis including social tax

Fourth, other cost will include acquisition of financial data, rental cost and legal cost to set up the asset management company and the future DAF

Fifth, we will need an important marketing budget to launch the first DAFs once we have been cleared by the regulator.

Well reading this it makes somehow sense that they aim for 40k ETH.

Yes that licence cost a lot of money, there is no way around it

I dont remember if I read this in the whitepaper, was long time ago I read it, but this is the basics of what could be writen in the whitepaper for explaining where the funds go. In general I wish the different Projects would show a budget breakdown which sums up the funds needed. Today it seems more or less that all aim for the same total funds.

Good answer by S.Ifrah.

[niklasmato]

I just read the latest article posted by the team:
https://medium.com/@napoleonx.ai/napoleonx-project-phasing-366e80060f1f

It looks like they are targeting whales and wealthy investors. Maybe that's why there hasn't been much updates for the small-scale investors for us.

It does make sense to target the bigger investors first ..
However a lot of small ones make up a big one as well..
If you look at past ICO's usually 70-80% goes to the smaller investors and not the whales

[banhmycoin]

i like it

[Yasemin]

An important question was answered on Telegram by Stephane Ifrah. Why are NaPoleonX raising more than a million?

First, our target cap is 40k ETH which is not 50millions. We had also taken into account for the volatility of the ETH vs USD that is not negligible. At some point during the project pre launch, we had ETH at less than 200 USD.

Second, to get an asset management licence, you need to demonstrate 3 years of budget to the regulator, not just one.

Third, to have the right set up for an asset management company we will need to hire at least 3 additional people and the overall HR cost will be closer to EUR 1.5 million on an annual basis including social tax

Fourth, other cost will include acquisition of financial data, rental cost and legal cost to set up the asset management company and the future DAF

Fifth, we will need an important marketing budget to launch the first DAFs once we have been cleared by the regulator.

After reading this, 40k seems very reasonable for a cap in their token sales. Thanks for being so transparent and sharing this.

[jonnytracker]

An important question was answered on Telegram by Stephane Ifrah. Why are NaPoleonX raising more than a million?

First, our target cap is 40k ETH which is not 50millions. We had also taken into account for the volatility of the ETH vs USD that is not negligible. At some point during the project pre launch, we had ETH at less than 200 USD.

Second, to get an asset management licence, you need to demonstrate 3 years of budget to the regulator, not just one.

Third, to have the right set up for an asset management company we will need to hire at least 3 additional people and the overall HR cost will be closer to EUR 1.5 million on an annual basis including social tax

Fourth, other cost will include acquisition of financial data, rental cost and legal cost to set up the asset management company and the future DAF

Fifth, we will need an important marketing budget to launch the first DAFs once we have been cleared by the regulator.

After reading this, 40k seems very reasonable for a cap in their token sales. Thanks for being so transparent and sharing this.

I don't know what they are talking about but looks legit..

[batako]

I just read the latest article posted by the team:
https://medium.com/@napoleonx.ai/napoleonx-project-phasing-366e80060f1f

It looks like they are targeting whales and wealthy investors. Maybe that's why there hasn't been much updates for the small-scale investors for us.

Thank you, thats a good article.
Simple and clear explanation.
Thats reasonable if this project will target whales.
You can only feel a good amount of profit when using a bot if you have big capital.

This will be a project for rich investors, bots will be able to make good profits trading large amounts and with small capital it is better to participate in ICO.

Trading would be better to use good amount of money if we wanted to make it a serious activity. Using small amount of money would be better for learning purpose only.

[gaitchs]

there is trading bots, we need an ICO bot 

[moriskarlov]

It is the first fully french design project in my memory. I read the whitepaper, it`s full of complex technical terms, what is hard to understand for general investor. But, quite important that project was founded by traders, who has experience in banking asset management, such people already has background in operating with client`s money, without loosing assets.

[loup]

I just read the latest article posted by the team:
https://medium.com/@napoleonx.ai/napoleonx-project-phasing-366e80060f1f

It looks like they are targeting whales and wealthy investors. Maybe that's why there hasn't been much updates for the small-scale investors for us.

Thank you, thats a good article.
Simple and clear explanation.
Thats reasonable if this project will target whales.
You can only feel a good amount of profit when using a bot if you have big capital.

This will be a project for rich investors, bots will be able to make good profits trading large amounts and with small capital it is better to participate in ICO.

Trading would be better to use good amount of money if we wanted to make it a serious activity. Using small amount of money would be better for learning purpose only.

Indeed its not a good idea to start investing with big amounts of money because it can backfire if you don't really know what you're doing.

[the_donald]

there is trading bots, we need an ICO bot 

I don't think you can program that you can't know which ICO will succeed and which won't

[jonnytracker]

I just read the latest article posted by the team:
https://medium.com/@napoleonx.ai/napoleonx-project-phasing-366e80060f1f

It looks like they are targeting whales and wealthy investors. Maybe that's why there hasn't been much updates for the small-scale investors for us.

Thank you, thats a good article.
Simple and clear explanation.
Thats reasonable if this project will target whales.
You can only feel a good amount of profit when using a bot if you have big capital.

This will be a project for rich investors, bots will be able to make good profits trading large amounts and with small capital it is better to participate in ICO.

Trading would be better to use good amount of money if we wanted to make it a serious activity. Using small amount of money would be better for learning purpose only.

Indeed its not a good idea to start investing with big amounts of money because it can backfire if you don't really know what you're doing.

So too much success is also a failure ?