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Author Topic: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀  (Read 70109 times)
Sozialtourist
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October 08, 2017, 03:15:35 PM
 #2201

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.

Well the bot will react to the market and in this way react to the impact of news on the price development of a certain asset, but it won't react directly to a news.
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toolucky98
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October 08, 2017, 03:26:19 PM
 #2202

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.

Well the bot will react to the market and in this way react to the impact of news on the price development of a certain asset, but it won't react directly to a news.
Bots cant read and react to fundamental things, always technical (as far as i know).

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.
Strongly agree !
filipe3x
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October 08, 2017, 04:21:00 PM
 #2203

The date of the start of sales is already known?
Trrrt
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October 08, 2017, 04:25:04 PM
 #2204

Yes bot is a nice way to earn money if you like trading but you have trouble to trade. The daf will allow people to put their token and to wait that the bot trade, you just have to choose a strategie when you select your daf. It will be very nice, I’m impatient to start invest in the platform.
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October 08, 2017, 04:34:34 PM
 #2205

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.

Well the bot will react to the market and in this way react to the impact of news on the price development of a certain asset, but it won't react directly to a news.
in any case, practice will show, but I do not think what bot will be able to react on news - it seems too impracticable task
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October 08, 2017, 04:36:48 PM
 #2206

The date of the start of sales is already known?
Still no exact date, but it will be in November 2017
haxllega
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October 08, 2017, 05:00:46 PM
 #2207

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.

Well the bot will react to the market and in this way react to the impact of news on the price development of a certain asset, but it won't react directly to a news.
in any case, practice will show, but I do not think what bot will be able to react on news - it seems too impracticable task
But I think in 10-20 years AI will be able to even react to news although it's a long way until that.

matjas
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October 08, 2017, 05:22:05 PM
 #2208

how bot is going to react to fake news? that is major issues today

Thats a problem with humans that we react to outside news to much and react emotionally. Bots doesnt have to know any news but just analyze the data on the market to figure out what is happening to different stocks or coins. 

FIEX
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October 08, 2017, 05:49:31 PM
 #2209

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.

I also think bots wont react to FUD or fake news.
They wont react emotional when they have an asset! They are smarter then all of us Wink
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October 08, 2017, 05:53:56 PM
 #2210

The date of the start of sales is already known?

No, the date is not yet known. In addition, it is now a weekend, so it is unlikely to become known now. The team will report additionally about the date.
tiger5056
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October 08, 2017, 06:07:05 PM
 #2211

lets hope ICO date will announce soon. we need movement continue,

alphashotgun
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October 08, 2017, 06:11:34 PM
 #2212

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.

I also think bots wont react to FUD or fake news.
They wont react emotional when they have an asset! They are smarter then all of us Wink

i would be very disturbing if a bot would react to news. i think bots should only react to the market - trading courses and so on. but im just thinking further this moment. the market is influenced by humans. humans react to news: emotional and so the market is influencet too. so its legit that bots react to fake news even if the connection from news to bots is not direct. damn
alphashotgun
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October 08, 2017, 06:16:35 PM
 #2213

lets hope ICO date will announce soon. we need movement continue,


indeed a little bit of movement would be great i hope npx is going big (in my opinion it will) but delays or whatever arent a good sign
batako
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October 08, 2017, 06:18:40 PM
 #2214

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.

I also think bots wont react to FUD or fake news.
They wont react emotional when they have an asset! They are smarter then all of us Wink

Bot for sure can't react to any news, whether it's fake or not. It will react on specific patterns as most trading bot did, I guess! To make a bot that able to react on news will require a very complex codes and I doubt nowadays programmers able to do so.
Rigorous
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October 08, 2017, 06:21:11 PM
 #2215

how bot is going to react to fake news? that is major issues today

I don't think the bots will react to any news at all lol they will act like they got their input but will not react on specific news or something. I think here humans are needed who will change parameters etc.

I also think bots wont react to FUD or fake news.
They wont react emotional when they have an asset! They are smarter then all of us Wink

Bot for sure can't react to any news, whether it's fake or not. It will react on specific patterns as most trading bot did, I guess! To make a bot that able to react on news will require a very complex codes and I doubt nowadays programmers able to do so.

Depends on how the bots was programmed by the Strategy Provider and which strategy was elected by the voters. For example, the bots could trade on slow signals such as monthly averages, or they could react to every small blip.
KryptoKings (OP)
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October 08, 2017, 06:55:09 PM
 #2216

Will it be possible to know your strategies about how you gonna parameter your bots, to know what you gonna choose. On which assets you want to be focus ?

The bots are intellectual property and will be made available for this project on an unlimited basis. However, don't expect us to reveal all our secret. Our index publisher that should be released tonight, fingers crossed, will demonstrate the Proof of Performance that we wrote about on Medium or the article in CoinTelegraph. However, we have designed a low frequency bot so should we disclose it, people could easily copy it and implement it. Even in the case of a high frequency bot, one should not release it as it may be difficult to copy but if done by some experts the the opportunity might disappear.
KryptoKings (OP)
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October 08, 2017, 07:08:52 PM
 #2217

Well, am confused now, why should i buy and hold the coins then? Also why the heck have we been praising and shilling the bot that we won't ever get to use or see in action/

I understand it this way, correct me if I am wrong: Each DAF created requires a new ICO to issue DAF tokens and raise money that the bots can use to trade with. As an NPX token holder you'll get 85% of the 25% performance fees of the bots. You will be payed in the DAF tokens the bot traded on.


I agree that it is confusing, because some of the definitions are abstract and counter-intuitive. Statements about NPX, DAF tokens and botons are fragmented over several sections in the whitepaper.

This is an example from the whitepaper:

To use the trading bots provided by the Strategy Provider, a DAF has to pay some botons. (page 16)


How does a DAF pay botons?

Botons shall be paid by each DAF on a monthly basis, by the issuance of new DAF tokens, matching the value of the botons consumed on the previous month. (page 6)

That is such a tricky sentence. It does my head in. Because I thought paying botons and consuming botons are the same thing, but here they are separate events.


Each month 25% of the profit is consumed or 'paid out' in DAF tokens, 85% to the voters and 15% to the developer. That is the prerequisite to trade again the next month.

Here is a concrete example:

Botons’ consumption is set at 25% of Performance.

As an example, if, at the beginning of a month, a DAF has a Net Asset Value of 100’000 ETH, and if there are 100’000 DAF tokens, then the NAV of the DAF token amounts to 1 ETH. If the Performance is 10% at the end of such month, then the gross performance (execution costs excluded) is of 10’000 ETH, of which 2’500 ETH represents the botons’ consumption (25% of 10’000 ETH). As a consequence, at the end of the month, the Net Asset Value of a DAF token equals 1 x (1 + 10% x (1-25%)) = 1.075 ETH. Then, 2’325.5814 DAF tokens (2’500/1.075) shall be issued among which 1’976.74419 (85% x 2’325.5814) shall be allocated to the NPX token holders having participated to the voting sessions involving the eligibility of the trading bots used by the DAF.
(page 17)


Also, no botons are consumed when suffering loss:

If a given strategy or blend of strategies experienced a negative monthly return followed by a positive monthly return, no botons may be collected before the highest past net performance is reached.

Let me work that out:

Start of January. DAF ICO = DAF NAV = 100’000 ETH.
End of January, Performance 10%. Botons consumed = 2’500 ETH. DAF NAV = 107’500 ETH.

Start of February. Botons paid by DAF = Botons consumed in January = 2’500 ETH. DAF NAV = 107’500 ETH.
End of February, Performance -2%. Botons consumed = 0 ETH. DAF NAV = 105’350 ETH.

Start of March. Botons paid by DAF = Botons consumed in February = 0 ETH. DAF NAV = 105’350 ETH.

Something like that is also illustrated in a table on page 18.

Took me a while to grasp this and I am still not sure. Am I thinking in the right direction?

BRAVO !!!
Yes you are right and before any new botons are paid, NPX token investors will have to wait for the DAF to climb higher than the previous high (107,500 ETH), knowing that the botons are provisioned every day when necessary to avoid having a big slide in the vlue of the DAF. However, they are only paid at month end. It is a bit technical but replicate real life mechanisms that are both smooth and fair for everyone.
KryptoKings (OP)
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October 08, 2017, 07:16:38 PM
 #2218

NPX voters and Strategy Managers get paid in DAF tokens once a month. But what happens with the equivalent amount of ETH and the underlying assets (eg. Future contracts) in the meantime?
Do not forget that botons are performance fees paid in DAF new token. That means that there is no cash movement when botons are paid. So the exposure in real assets do not change at all, only the value of the DAF tokens are affected. And this is done on a continous basis through the use of provisions that are reset at the end of the month when new DAF token are issued in the case of positive performance and higher highs.
KryptoKings (OP)
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October 08, 2017, 07:56:12 PM
 #2219

is there anywhere green list checker available? I forgot register or not. Project looks good.

Unfortunately not. After having submitted to the greenlist you should have received an confirmation email. Other wise send us a private mail at contact.napoleonx.ai and we will answer your question there
Elkmar
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October 08, 2017, 08:09:57 PM
 #2220

how bot is going to react to fake news? that is major issues today

I thinks the bots are going to react to graph studies and variables and not economic news.
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