NapoleonX www.napoleonx.ai (referral code
ODNPVLBP for additional 5%)
Category: Creation of a decentralized Fund Manager - AI bot
Telegram: 4k @ @2018-01-20
Sentiment – Pleasant
Geography – Global - founders are all in France
Recent news – ICO launch mainly
White paper -
https://www.napoleonx.ai/static/pdf/npx_white_paper.pdf
Black paper -
https://www.napoleonx.ai/static/pdf/npx_black_paper.pdf
Telegram - Pleasant and really helpful. A couple fanbois but ended up answering alot of questions I had.
Website - Looks like it was recently redone (well done). Watched a few videos of older website that looked sketchy. CTO actually answered a couple of my questions on the website chat which was pleasant/strange.
Bounty program (106 pages) -
https://bitcointalk.org/index.php?topic=2169237.0
Overview:
What this look to be is a trading bot platform. My impressions were that they would raise capital and use those funds in their platform to maintain an autonomous decentralized fund. which would be impressive. Reading into this it seems that the “DAF” is actually what will be created from the funds. The DAF would a fund manager bot that trades. The tokens give you access to the signals the bot sees that you can use for your own trading. The more tokens you have, the faster you receive the signals that you can use for programing your own bot if you wish. The second phase of this is that you can fund the DAFs to trade on your behalf…. SAY WHAT! So at first im thinking, ok not a bad idea, i toss it a couple ETH and it trades for me. Stepping back a second i realized that this is going to significantly reduce friction for alot of big wigs in the industry to trade using the DAF bots. Basically instead of funding a fund with a fund manager, there is no fund manager, its all AI.
Benefits of token:
Token holders get access to signals the trading bots get. More tokens, faster you get your signals and you can use them in your own bot.
Token holders also get the “fees” the bot would charge to trade on someone’s behalf.
Once the bots are created, anyone can access them and sign a smart contract with their funds to let the bot trade on their behalf.
Team:
Two from BNPP. Large bank out of Paris. Fund managers. Team seems to have the connections to pull this project off. What i wanted to see was a large fund managers but also the key to pulling this off is if any of them have worked with bots or have created any intelligent bots. Their CTO work as a Data Scientist which is great. Looks like he's been working in big data field. This coin is only as good as the algorithms that are at the heart of it. If the algos dont produce, then coin is worthless.
Incubators:
It looks like or its misleading that they are apart of station F http://napoleoncapital.com/
“Napoleon Capital also benefits from the support of StationF, the biggest startup campus in the world!”
Not sure if that means they are just in the area so they benefits from it or if they are in the program.
What I like:
This is a real dApp. At first glance I thought it was a security which I believe would make it hard to get on the exchanges but I don't think it classifies as one. I like the idea of the creation of the DAFs (fund managers). Once they are created anyone can fund the bots to have it trade on their behalf. Great idea.
They have the brains of the bots already starting on page 8 of the black paper:
https://www.napoleonx.ai/static/pdf/npx_black_paper.pdf
These look to have been created by the company for use in the traditional markets already. They date back to 1994 with good returns. DAF 9 is a BTC DAF.
The other thing I like is that this looks really low key, hush hush almost. It’s not a TRON with lots of glitz and glamour and tons of marketing. They aren’t promising the world. This is completely doable and within reach. It’s not a leap. There is not alot of stakeholders that need to get on board, there isn’t mass adoption or a network effect that needs to be triggered. Once the DAFs are created, they begin work for whoever wants to use them. If intending to use the DAFs, which im very keen on, then this is a good coin to have.
What I don’t like:
I don't know if enough info is available on crypto asset trading to allow for the creation of bots. Do they act the same as traditional markets these guys have had success with their current traditional markets? DAF 9 is a BTC bot trading since 2010 doing average of 100% better than BTC. It looks as though it traded very well when the market was quiet but when the market was more volatile it doesn't to do “as well” but still profitable. Also it seems they have a strategy to fund traditional markets but looks like alot of bureaucracy needs to happen for that.
