Napoleon X ICO details
Start Date: 2017-11-12
End date: 2018-1-4
- Category: Platform
- Token: NPX
- Platform: Ethereum
- Type: ERC20
- Initial price: 1 NPX = 0.01 ETH
- Accepting: ETH
- Soft cap: 25,000 ETH
- Hard cap: 60,000 ETH
- Site: Napoleon X site
- Slack: https://napoleonx.slack.com/
- Twitter: https://twitter.com/NapoleonXai
- Facebook: https://www.facebook.com/NapoleonXProject/
- Github: https://github.com/ProjectNapoleonX
- Bitcointalk: https://bitcointalk.org/index.php?topic=2169263.0
- Medium: https://firstname.lastname@example.org
- Telegram: https://t.me/napoleonx_ICO
NapoleonX project is becoming the master sponsor for launching a series of Decentralized Autonomous Funds (DAFs). These vehicles will invest in 100% algorithmic solutions proposed by Napoleon Crypto. NapoleonX will benefit from 85% of all performance fees generated by the various DAFs and 100% of the performance on its participation in these vehicles.
Napoleon Crypto will run a platform that will enable the design of algorithmic solutions on an open source scheme. It will act as an advisor to NapoleonX by regularly proposing new algorithms to launch new DAFs. NapoleonX will vote on the effectively launched DAFs. In exchange, Napoleon Crypto will benefit from 15% of all performance fees.
The golden equation
DAFs, or Decentralized Autonomous Funds, have been introduced for the first time in NaPoleonX’s Whitepaper (Dec 2016). DAFs are conceived as smart contracts able to invest in financial markets through trading bots. A trading bot is basically an algorithm buying or selling a given underlying asset (ex: S&P500, ETH …) in order to generate an absolute performance.
A DAF will empower its owners to select (i) which trading bot(s) to use among a selection list provided by Napoleon Crypto and (ii) the appropriate leverage level. This initial “bot allocation” will be reviewed by its owners through a regular voting process.
The “bot allocation” will act as an oracle to give market orders to the DAF. DAFs may need to mirror their actions when operating on real underlying assets (ex: S&P500). Napoleon Crypto has developed a large set of performing trading bots and will offer them for the first DAFs to be created.