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Author Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀  (Read 56425 times)
KryptoKings
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September 17, 2017, 05:55:21 PM
 #481

Wow, KryptoKings are on a roll, I think they answered every question in this thread. Haven't seen a developer that active before I think.

A big contrast with a recent ICO where the developers didn't even give any reaction after reaching their soft cap in the last minute before the deadline.  Roll Eyes

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.

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September 17, 2017, 06:11:13 PM
 #482

Are Hong Kong, United states (and it's territories) and China forbidden to participate in the ICO ?

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.

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chaoscoinz
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September 17, 2017, 06:11:25 PM
 #483

It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.
That's what I was saying, there is really advanced mathematics, and sciences involved. Plus you have to be well versed in finance, in order to have a decent grasp at what the project entails.
Overall, I do know, it's mainly about autonomous asset management, utilizing the Ethereum blockchain, and smart contracts.
   What I'm having a hard time grasping is the token usage. What I do know is, holders are rewarded 15% of gas (ethereum transactions) from Napoleon crypto coins. But then again, it says 85% gas goes towards the NapoleonX platform. I'm still trying to grasp the whole of it.
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September 17, 2017, 06:18:48 PM
 #484

You write that Already now there are more than 20 trading bots in the system. Can you clarify what they are trading and in what markets are they working?

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).



Some nice bots in your Blackpaper.
Only one bot is doing in crypto USD/BTC will there also be bots only doing crypto?

This looks so promosing Smiley

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.


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KryptoKings
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September 17, 2017, 06:21:59 PM
 #485

An ETF simply follows assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value. The DAFs are bots that are supposed to actively trade.

I thought there were also actively traded ETFs. But generally they have high management fees and are outperformed by passive funds. Kind of backwards, you pay more to get less. Tongue

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 :-)

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September 17, 2017, 06:22:17 PM
 #486

It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.
That's what I was saying, there is really advanced mathematics, and sciences involved. Plus you have to be well versed in finance, in order to have a decent grasp at what the project entails.
Overall, I do know, it's mainly about autonomous asset management, utilizing the Ethereum blockchain, and smart contracts.
   What I'm having a hard time grasping is the token usage. What I do know is, holders are rewarded 15% of gas (ethereum transactions) from Napoleon crypto coins. But then again, it says 85% gas goes towards the NapoleonX platform. I'm still trying to grasp the whole of it.

Actually is the opposite, the NPX holders are getting 85% of the gas (in DAF tokens, which is used to run the bots) generated from the bots, and Napoleon Crypto is getting the remaining 15%, BUT if ANOTHER Strategy Provider that is not Napoleon Crypto(anybody or company can become a strategy provider like Napoleon Crypto) offer new strategies and bots to create DAFs, then THEY (Strategy Providers) can set up their own share structure of the gas, like, they could offer 60% to token holders and take 40% if they wish, they created the bots so they have that privilege, though the tokens holders are the ones who will vote for the bots and strategies to be selected or not for the DAFs, so we still have the power to accept it or not.

In another note, here is the Spanish translation of the whitepaper: https://www.dropbox.com/s/4rw7oqczst6xkop/NapoleonXWhitepaper_es.pdf?dl=0 , it was fun doing it if i compare it to other whitepaper translations I've made Cheesy
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September 17, 2017, 06:29:11 PM
 #487

You write that Already now there are more than 20 trading bots in the system. Can you clarify what they are trading and in what markets are they working?

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).



On page 16, there are charts in your Blackpaper. Your bot has been trading BTC since July 2010 ? Or is there some mistake? Or did I misunderstand?

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.








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22 Jan 2018
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September 17, 2017, 06:50:25 PM
 #488

You write that Already now there are more than 20 trading bots in the system. Can you clarify what they are trading and in what markets are they working?

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).



On page 16, there are charts in your Blackpaper. Your bot has been trading BTC since July 2010 ? Or is there some mistake? Or did I misunderstand?
I'm not sure if I understand this correctly, someone please feel free to correct me if I'm wrong. NappoleonX is the platform, and Napoleon crypto is obviously the cryptocurrency. So what will these D.A.F's (decentralized autonomous funds) consist of? Other cryptocurrencies? Can someone break this down for a commerce newbie please? It all seems very complex to me.
   The thing I admire most, from the best of my understanding, is that NapoleonX is innovating some sort of new autonomous algorithmic strategy for asset management.

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?




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September 17, 2017, 06:53:05 PM
 #489

I correctly understand the concept?
This platform will create bots programmed to trade selected assets, and an algorithm will choose which bots to use and with the combination of calculation and voting the bot will be set up so that they maximize the profit from trading this particular asset.

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September 17, 2017, 06:57:59 PM
 #490

It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.

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!

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September 17, 2017, 07:03:25 PM
 #491

You write that Already now there are more than 20 trading bots in the system. Can you clarify what they are trading and in what markets are they working?

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).
So how were your first 20 bots funded? How come you want to raise 6mio$ for this one? Is this just too good of opportunity to miss or you are really planing to expand so much and be a big player.

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.





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September 17, 2017, 07:20:23 PM
 #492

It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.
That's what I was saying, there is really advanced mathematics, and sciences involved. Plus you have to be well versed in finance, in order to have a decent grasp at what the project entails.
Overall, I do know, it's mainly about autonomous asset management, utilizing the Ethereum blockchain, and smart contracts.
   What I'm having a hard time grasping is the token usage. What I do know is, holders are rewarded 15% of gas (ethereum transactions) from Napoleon crypto coins. But then again, it says 85% gas goes towards the NapoleonX platform. I'm still trying to grasp the whole of it.

Actually is the opposite, the NPX holders are getting 85% of the gas (in DAF tokens, which is used to run the bots) generated from the bots, and Napoleon Crypto is getting the remaining 15%, BUT if ANOTHER Strategy Provider that is not Napoleon Crypto(anybody or company can become a strategy provider like Napoleon Crypto) offer new strategies and bots to create DAFs, then THEY (Strategy Providers) can set up their own share structure of the gas, like, they could offer 60% to token holders and take 40% if they wish, they created the bots so they have that privilege, though the tokens holders are the ones who will vote for the bots and strategies to be selected or not for the DAFs, so we still have the power to accept it or not.

In another note, here is the Spanish translation of the whitepaper: https://www.dropbox.com/s/4rw7oqczst6xkop/NapoleonXWhitepaper_es.pdf?dl=0 , it was fun doing it if i compare it to other whitepaper translations I've made Cheesy
Ok, thanks for clarifying that for me, I'd be lying if I said that I fully understand everything now, but I will continue to research and read through your papers, and website so I can get a better feel for the concept.
Thank You, NapoleonX team!
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September 17, 2017, 07:37:20 PM
 #493

I asked Ian Balina (well known Youtuber who reviews ICO's) to review your ICO and he said he'd look into it  Cheesy I'm sure he will be positive!

https://twitter.com/KorsaKopf/status/909044958665068544

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September 17, 2017, 07:49:06 PM
 #494

Are Hong Kong, United states (and it's territories) and China forbidden to participate in the ICO ?

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.

Thank you for your answer, good to know you seems prepared on the subject  Smiley

I saw that other countries began to talk about ICO regulation too.

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September 17, 2017, 08:31:58 PM
 #495

You write that Already now there are more than 20 trading bots in the system. Can you clarify what they are trading and in what markets are they working?

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).



Some nice bots in your Blackpaper.
Only one bot is doing in crypto USD/BTC will there also be bots only doing crypto?

This looks so promosing Smiley

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.



Thanks for the fast responds.
Understand why you are not chosing crypto to start. The volume will be big enough in a couple of years and then NaPoleonX will swoop in.

Great work team!
Cant wait to see this go Smiley


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September 17, 2017, 08:40:54 PM
 #496

An authentic source of motivation the ultimate reflection of determination.BEST WISHES FOR NAPOLEONX.

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September 17, 2017, 08:44:51 PM
 #497

It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.
That's what I was saying, there is really advanced mathematics, and sciences involved. Plus you have to be well versed in finance, in order to have a decent grasp at what the project entails.
Overall, I do know, it's mainly about autonomous asset management, utilizing the Ethereum blockchain, and smart contracts.
   What I'm having a hard time grasping is the token usage. What I do know is, holders are rewarded 15% of gas (ethereum transactions) from Napoleon crypto coins. But then again, it says 85% gas goes towards the NapoleonX platform. I'm still trying to grasp the whole of it.
Exactly you need to be expert in mathematics and technical analysis. Also you need to listen to the market and know every info to make your decision.

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September 17, 2017, 09:06:51 PM
 #498

It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.
That's what I was saying, there is really advanced mathematics, and sciences involved. Plus you have to be well versed in finance, in order to have a decent grasp at what the project entails.
Overall, I do know, it's mainly about autonomous asset management, utilizing the Ethereum blockchain, and smart contracts.
   What I'm having a hard time grasping is the token usage. What I do know is, holders are rewarded 15% of gas (ethereum transactions) from Napoleon crypto coins. But then again, it says 85% gas goes towards the NapoleonX platform. I'm still trying to grasp the whole of it.

Actually is the opposite, the NPX holders are getting 85% of the gas (in DAF tokens, which is used to run the bots) generated from the bots, and Napoleon Crypto is getting the remaining 15%, BUT if ANOTHER Strategy Provider that is not Napoleon Crypto(anybody or company can become a strategy provider like Napoleon Crypto) offer new strategies and bots to create DAFs, then THEY (Strategy Providers) can set up their own share structure of the gas, like, they could offer 60% to token holders and take 40% if they wish, they created the bots so they have that privilege, though the tokens holders are the ones who will vote for the bots and strategies to be selected or not for the DAFs, so we still have the power to accept it or not.

In another note, here is the Spanish translation of the whitepaper: https://www.dropbox.com/s/4rw7oqczst6xkop/NapoleonXWhitepaper_es.pdf?dl=0 , it was fun doing it if i compare it to other whitepaper translations I've made Cheesy
Ok, thanks for clarifying that for me, I'd be lying if I said that I fully understand everything now, but I will continue to research and read through your papers, and website so I can get a better feel for the concept.
Thank You, NapoleonX team!

My friend, I am not part of the NapoleonX's Team, I'm just a user that got the bounty translation, so I know a bit more about the project XD, but feel free to ask some questions, a may be able to help, though there are still some thins don't know.
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September 17, 2017, 09:18:21 PM
 #499

An ETF simply follows assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value. The DAFs are bots that are supposed to actively trade.

I thought there were also actively traded ETFs. But generally they have high management fees and are outperformed by passive funds. Kind of backwards, you pay more to get less. Tongue

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 :-)

Great idea with the fee structure. This is basically a commission type of structure rather than a fixed salary, and in everyday examples we can see that this is preferable to the investor/consumer because it drives greater performance (eg. real-estate auctions, sales and marketing).

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September 17, 2017, 09:51:58 PM
 #500

It's hard to digest for some newbies all the stuff NaPoleonX is doing. It would be nice if team do some video presentation on it or some AMA.

It is simply employing computer Algorithm to be making trading decisions for you,

at the rate at which crypto space is maturing, it will be very hard for traders to make profit unless you are employing Algos

Exactly, in the future it will be more like normal markets where a bot is way more effective. Thats why i'm investing in several similar projects to NaPoleonX that employ bots/algo trading, that really is the future. NaPoleonX has a nice broad offering with different risk/rewards because it's not only investing in Crypto. This way you can diversity your portfolio, not putting all your eggs in one basked.  And we can get in now, unlike normal hedge funds where you need to invest a minimum of several million usually.

Well if a majority of traders use the same bot, in theory it could become less effective, because everybody would do the same choices no ?

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