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

[alphashotgun]

I've been thinking about the whole bot trading system.
In the end I expect that the whole trading system will be run exclusively by only bots. It will be a matter of who has the best algos to implement.
How does NapoleonX will handle the eventual bot war? Will you keep writing new algos? Or how will this be in the near future?

that's probably it. writing and re-writing old bots seems like the way to go. if they can get in now and corner the market, then NapoleonX will be the next big thing in crypto

an what would happen if they do not manage to keep on having one the best algos for their bots?

[KryptoKings]

Given your professional background and prominent results as can be read in the wp, did you consider to raise the Equity in fiat World instead of ICO?

Of course we did consider this but when we realize the opportunity to launch a business in a still young and promising market we decided that we should put all our energy there. Now, we cannot say that we are not approached from time to time by this more traditional universe where we are coming from. For the moment, it is still on the back burner

Well that's just good news for us, the crypto community, i for example have most my assets in cryptocurrencies, so it's easier for me to participate into this.

Exactly - many people just don't have enough time (and knowledge ) to be able to trade daily. Napoleon will solve this problem and allow you to take profits without any hassle

When you say many people, you mean most of people? Since most of normal investors are just hodling long term,since not everyone knows enough about technical analysis to do day trading... of course then there are ico flippers but that's a different story.

Probably majority tried to day trade and found out its not easy at all. You will likely be in minus if you dont know what your doing.
With the promising bot this will be a different story.

I tried to do daytrade in the beginning. I got lucky because I just started with a pump in a coin where I bought cheaper and made like 400% (not much, because I just tested trading) and the I was like "WOW, that's so easy"... we all know what then happend, don't we? 

NapoleonX could help a lot of people to trade and make money.

You all make it seem like NapoleonX platform will make everyone's woe go away, if that was so, then everyone will use it and who will be left to take the loss. Even if the bots are functioning favorably, you will still need to be inclined on the subject to use it wisely.

I asked the same question, they give an answer to me that people vs ai at some point. If the market becomes one big ai, then no one left to beat for making a profit.

But still, it's impossible to everybody use napoleonx. So if it gets mass adoption still it won't have everybody's trade actions.

The ppl vs AI analogy doesn't make sense to me. cos even in casinos, when you play a machine, you technically betting against the house. So someone always has to take a loss. And if some magically algorithm will double/triple your earnings, then am wondering, who will be left holding their dick

You are assuming that all actors in the market are rationale, which is not the case, hence the possibility to benefit from it. It has always been the case, and it is very doubtful that it would disappear overnight. You need to be on the side of the clever boys wherever they are. Only trick is that you will know that only after ...

[Trrrt]

The explain 3 different paper is really great, whitepaper for explain the project, and all investors who love ico know the importance of the white paper. Then we have gold paper for a better understanding of the algorithmic trading, and a black paper with explanation of what DAF is and how the first DAF will work. It really nice to have a lot of information, its very important for investors.

[KryptoKings]

Given your professional background and prominent results as can be read in the wp, did you consider to raise the Equity in fiat World instead of ICO?

Of course we did consider this but when we realize the opportunity to launch a business in a still young and promising market we decided that we should put all our energy there. Now, we cannot say that we are not approached from time to time by this more traditional universe where we are coming from. For the moment, it is still on the back burner

Well that's just good news for us, the crypto community, i for example have most my assets in cryptocurrencies, so it's easier for me to participate into this.

Exactly - many people just don't have enough time (and knowledge ) to be able to trade daily. Napoleon will solve this problem and allow you to take profits without any hassle

When you say many people, you mean most of people? Since most of normal investors are just hodling long term,since not everyone knows enough about technical analysis to do day trading... of course then there are ico flippers but that's a different story.

Probably majority tried to day trade and found out its not easy at all. You will likely be in minus if you dont know what your doing.
With the promising bot this will be a different story.

I tried to do daytrade in the beginning. I got lucky because I just started with a pump in a coin where I bought cheaper and made like 400% (not much, because I just tested trading) and the I was like "WOW, that's so easy"... we all know what then happend, don't we? 

NapoleonX could help a lot of people to trade and make money.

When you guys talk about trading you mean trading of cryptos. Am I right, that crypto-trading is (still) a small part of their project due to its relatively low volume and that they are mainly trading real assets?

I think they are talking about cryptos. NaPoleonX will not be focussing on cryptos but in the real market.
Cryptos has indeed a very low volume. NaPoleonX will be doing real assets.

We will do what makes our DAF investors earn Return. And to make happy our NPX token holders we will want to have largest as possible DAF, hence we need strategies that are scalable. If at the beginning it is in the traditional universe, so be it. If we develop very performing strategies in the crypto space with large scale, we will be there too.

[KryptoKings]

Given your professional background and prominent results as can be read in the wp, did you consider to raise the Equity in fiat World instead of ICO?

Of course we did consider this but when we realize the opportunity to launch a business in a still young and promising market we decided that we should put all our energy there. Now, we cannot say that we are not approached from time to time by this more traditional universe where we are coming from. For the moment, it is still on the back burner

Well that's just good news for us, the crypto community, i for example have most my assets in cryptocurrencies, so it's easier for me to participate into this.

Exactly - many people just don't have enough time (and knowledge ) to be able to trade daily. Napoleon will solve this problem and allow you to take profits without any hassle

When you say many people, you mean most of people? Since most of normal investors are just hodling long term,since not everyone knows enough about technical analysis to do day trading... of course then there are ico flippers but that's a different story.

Probably majority tried to day trade and found out its not easy at all. You will likely be in minus if you dont know what your doing.
With the promising bot this will be a different story.

I tried to do daytrade in the beginning. I got lucky because I just started with a pump in a coin where I bought cheaper and made like 400% (not much, because I just tested trading) and the I was like "WOW, that's so easy"... we all know what then happend, don't we? 

NapoleonX could help a lot of people to trade and make money.

When you guys talk about trading you mean trading of cryptos. Am I right, that crypto-trading is (still) a small part of their project due to its relatively low volume and that they are mainly trading real assets?

I think they are talking about cryptos. NaPoleonX will not be focussing on cryptos but in the real market.
Cryptos has indeed a very low volume. NaPoleonX will be doing real assets.

As far as I know NapoleonX will be able to trade and work on both cryptocurrencies and tradtional asstes like stocks. Secondly I wouldn't say that cryptocurrencies have low volume - look at BTC/ETH on Polo/Kraken...

And the reason why we have developed a first bot on BTC is volume ... A new one on ETH will come when we have enough historical data to assess its significance. We are agnostic to the underlying. All we care is volume and low frequency trading.

[KryptoKings]

About that article: https://cointelegraph.com/news/blockchain-disrupts-asset-management-using-proof-of-performance

I didn't find an explicity mention of "Proof of performance" in the papers. As I understand it it's a way to prove the algo isn't made up to have the perfect trades on only a specific selection of historic data. Because you could simply look back in the charts of the past days and hard code when to buy and when to sell.

So Proof of Performance is like paper trading (trading with fake cash) except everyone can see and verify it because the trading signals are stored in the blockchain.

You have to distinguish 2 key things:
1. Paper trading / index which are theoretical strategies that give you information before deciding to jump onboard
2. actual trading that occur once someone trade your index with all the potential imperfections.

In this article they are tackling the first point, but the second could be handled in the very same way by storing actual trades as opposed of theoretical ones.

[KryptoKings]

You said that you will start to develop also other bots with the ICO money, because if were honest, thats a loot of money for one bot.
My question is, which other plans for bots you have after finishing this one?

We intend to launch regularly DAFs that will encapsulate our bots or bots from external contributor. Each DAF will be launched with a minimal amount (c. 20k ETH) so that they cover inherent fixed cost for these kind of structure. So, we could have tried to raise much more than what we are looking for in order to launch our first 10 DAFs at the same time. We took the view that slow it does it but we need to create momentum to be successful in the medium term and in this business cash is essential.

[KryptoKings]

How will vote for the bots?
Users will evaluate the bots as they make a profit?

There will a voting part on our platform so that NPX investors can participate in the launch of new DAF so that they make sure that they all fit within the strategy of NapoleonX.

[KryptoKings]

there is few infomation on topic,where should i to lern about this project,why NaPoleonX is hot in bct thread.

Go to their website : https://napoleonx.ai/
Then download the whitepaper sir

There were WhitePaper, GoldPaper @ BlackPaper, never heard of those, i need to read them all and figure out that what they are.

They have different explanations
Whitepaper : NaPoleonX project description   
Goldpaper : Why algorithmic trading ?
Blackpaper : NaPoleonX first 10 DAFs strategies & structuring

And if you want to know what kind of project is this, you only need to read the whitepaper first, and then you can read the others if youre interested and want to know more about this project.

Well, i misspoke, i knew what the whitepaper was, i've heard about yellow paper, i just didn't know there's so many color coded papers out there.

Apart from Whitepaper, all other color are not common practice anyway. We just use our own colors from our logo !!!

[KryptoKings]

So, if I hold my tokens and not use them for bots. Will I earn profit from the bot fee?

Yes absolutely. Your NPX tokens will get 85% of performance fees from the DAFs, without the need to invest in them yourself. Should you wish to do so, you will have a privileged access to them as NPX token holder

[KryptoKings]

Hello Dev team! This is a unique and promising project. But there are a few questions that come to mind with the business model.

1) What level of transparency do investors have around the logic that is used in the bots? The black paper is very terse beyond mean reversion, etc.

2) The White paper mentions that investors may pick the bots and the leverage level.

>>DAFs enable their subscribers to intervene in the building of the best mix (Blend) of strategies, by regularly letting their subscribers vote on which strategies they want the DAF to >>follow. As a restriction to maintain a Blend with a reasonable number of strategies, a Strategy Threshold is set so that any strategy collecting (in percentage) less than such >>threshold may not be selected. The Strategy Threshold will be 20%.The selected strategies shall contribute to the Blend with a weight proportional to the voting rights collected >>during the last voting session.

Truth be told picking traders or fund managers is a very difficult business, many people pick bad managers (e.g. chase momentum, etc) hence you observe very poor track records in the fund of hedge funds community. What mechanism exists so that NapoleonX avoids this problem of investors consistently picking poorly returning bots that do worse than random selection or adjust the leverage higher on bots that are about to experience mean reversion from high profits to large negative losses? Maybe the investors pick good bots, but adjust leverage poorly which negates the good bot selection.

3) In the Black paper the S&P500, FTSE100 and Eurostoxx 50 strategies have drawdowns in excess of 40% which seems too high for a backtest. In real life these could well be higher. Don't the trading bots have risk controls to minimize the degree of the maximum drawdown? Is there a risk control overlay on top of the bot as an aggregated group?

1.The bot will encapsulate intellectual property whether from Npaoleon Cyrpto or other contributors. So you will not have access to the ultimate code. However, as we want to give some elements to investors so that they make a decision, we feel some level of information should be shared. For each individual strategy, there will be a dedicated "trading sheet" that could go a little bit beyond what has been shared in the Blackpaper

2. The initial strategies that have been developed have been developed without leverage. A good trading system could have the following independent components: gross trading signal, filtering system and money management system.
- Leverage to us is a component that is associated with risk appetite. And that is why we want investor to pick their adequate risk level themselves and get some feedback on potential risk they will be baring. Leverage is an entire component of a strategy and that is why we have put some description of the Kelly optimal leverage in our Blackpaper.
- Gross trading signal is globally where you have the heart of the money generation machine, the 2 other components being there to reduce trading frequency (filters) and smooth drawdowns (money management). It is impossible for any system to guarantee that what has worked in the past will continue to do so. However, if you have the choice between a system that has proven its robustness in almost all possible market configuration, would you be ready to trust it more than another one that have not passed this test ?

3. As explained above, the risk level will be for investors to decide and to do that all existing information will be provided to them. I agree that 40-50% drawdown are quite high but so is the return. Moreover, over the last 20+ years over which we have back tested our strategies, you cannot say that we have not seen a large number of adverse market situations. To reduce this risk, we will count on diversification as what has been exposed in our Blackpaper is based on a unique strategy (even though there are 2 sub strategies encapsulated in them). In reality, we would use Blend of strategies that we already have for some markets like the S&P500, Eurostoxx 50, FTSE ...

[alphashotgun]

How will vote for the bots?
Users will evaluate the bots as they make a profit?

There will a voting part on our platform so that NPX investors can participate in the launch of new DAF so that they make sure that they all fit within the strategy of NapoleonX.

alright so i got it too. thumbs up!

[KryptoKings]

I've been thinking about the whole bot trading system.
In the end I expect that the whole trading system will be run exclusively by only bots. It will be a matter of who has the best algos to implement.
How does NapoleonX will handle the eventual bot war? Will you keep writing new algos? Or how will this be in the near future?

Bot war will be inevitable and we will be welcoming it by keeping developing new ideas and researching new way to analyse markets. It is a very complex system and there always will be differentiating factors. I recently developed something new a few weeks ago and it is just in my nature to continue to do so. I enjoy the challenge

[KryptoKings]

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.

As far as i know you can get profit from the gas bots will be using to make transactions.

By the way and as we have been alerted on this gas concept on this place, we have renamed it into "Boton" which is the contraction between Bot and Photon. I hope you will like it and that it will remove any confusion. Long live Boton.

[KryptoKings]

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.

As far as i know you can get profit from the gas bots will be using to make transactions.

It's written, token holders are getting 85% of the used gas as dividends. The rest of 15% is going to the development team.

As said previously, gas terminology will be replaced by "Boton". Boton = performance fees and NPX token holders will get 85% of it whereas Napoleon Crypto will get 15% to cover operational expenses and remunerate strat provider.

[KryptoKings]

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.

As far as i know you can get profit from the gas bots will be using to make transactions.

You mean there will be another currency like GAS is for neo holders?

No for all transactions napoleon bots would take some fee. Not really a gas, they were looking for a different name actually.

Yes and we have found "Boton" as for the contraction between bot and photon. We're not only market guys but also engineers ... Hope you will like this one and that any confusion will disappear.

[KryptoKings]

I've been thinking about the whole bot trading system.
In the end I expect that the whole trading system will be run exclusively by only bots. It will be a matter of who has the best algos to implement.
How does NapoleonX will handle the eventual bot war? Will you keep writing new algos? Or how will this be in the near future?

that's probably it. writing and re-writing old bots seems like the way to go. if they can get in now and corner the market, then NapoleonX will be the next big thing in crypto

an what would happen if they do not manage to keep on having one the best algos for their bots?

That is a clear risk. But is is a risk that should be diversified given the number of DAFs we intend to launch. For sure some will fail, but as long as we are producing more of them, we should benefit from diversification. And for NPX token holders they will be able to benefit from external contributors after the first 10 DAFs.

[Rigorous]

So, if I hold my tokens and not use them for bots. Will I earn profit from the bot fee?

Yes absolutely. Your NPX tokens will get 85% of performance fees from the DAFs, without the need to invest in them yourself. Should you wish to do so, you will have a privileged access to them as NPX token holder

Would that classify NPX as a dividend-bearing token and by extension a security, and if yes, could that have any potential negative consequences with regards to the SEC, global exchange commissions and crypto exchanges (some such exchanges are said to refuse dividend-bearing cryptocurrencies), or is that already covered by the licenses and legal efforts NaPoleonX has allocated a significant portion of the budget to?

[levyashin]

So, if I hold my tokens and not use them for bots. Will I earn profit from the bot fee?

Yes absolutely. Your NPX tokens will get 85% of performance fees from the DAFs, without the need to invest in them yourself. Should you wish to do so, you will have a privileged access to them as NPX token holder

Would that classify NPX as a dividend-bearing token and by extension a security, and if yes, could that have any potential negative consequences with regards to the SEC, global exchange commissions and crypto exchanges (some such exchanges are said to refuse dividend-bearing cryptocurrencies), or is that already covered by the licenses and legal efforts NaPoleonX has allocated a significant portion of the budget to?

For now, they didn't announce the situation for us residents.

But from what I see, they won't let them join ico. This kind of payment probably can't get SEC permission.

[Korsakopf]

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.