NaPoleonX (NPX)

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NaPoleonX offers a mix of solutions to be a part of joint intellectual investment, intended for holders of crypto currencies, by creating decentralized autonomous funds (DAF).

Joke Name

NaPoleonX = Intellectual Investment

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (NPX)

Coin or Token

Circulating Supply (21 Million)

Total Supply (29 Million)

Market Cap Ranking

Review

NaPoleonX offers the first solution of joint intellectual investment, intended for holders of crypto-currencies, by creating decentralized autonomous funds (DAF). Each DAF will be a crypto fund, whose investment strategy should be regulated by a combination of trading bots. First, each DAF will be created for individual underlying assets. At the second stage, a combination of underlying assets can be resolved in the DAF.

Crowdsale:

Based out of France, the team managed to raise nearly $13 000 000 during the duration of their crowdsale.
Key Features:

  • How it works
  • Token

How it works

NaPoleonX is built on the idea of decentralized autonomous funds, or DAFs. The DAF empowers owners to choose which trading bots they use. NaPoleonX offers a number of different trading bots based on an investor’s desired exposure to risk and their desired returns.

Overall, NaPoleonX claims to have “developed a large set of performing trading bots”. By investing in the company, you can gain access to those trading bots.

NaPoleonX tokens (NPX) also play a role in the company. As a token holder, you participate in the selection of trading bots. In exchange for your work, you receive a share of revenue generated by the platform. This revenue is called “Rental Fees”, or “Botons” in the whitepaper. Rental fees are paid by DAFs for the use of trading bots. Botons will be equal to 25% of gross performance of the fund. Meanwhile, NPX token holders get 85% of these botons for the first DAFs created by NaPoleonX.

The first decentralized autonomous funds will be opened by NaPoleonX. These funds will be open to external investors. Over time, NaPoleonX will monitor its investment portfolio in DAFs in order to continuously launch new vehicles and collect additional performance fees on top of the net performance of invested assets.

Token

Each subscriber to the NaPoleonX ICO receives some NPX tokens, which gives them access to a platform that allows them to:

  1.  Access the updated audits of several trading bots
  2. To regularly vote for the eligibility of the new trading bots
  3. To regularly vote for the creation of new DAFs
  4. To monitor the token events and performance of each DAF
  5. To have access to relevant documentation on trading bots
  6. To access their own account and reporting on DAF tokens.

Problems:

This seems like an obvious one, but the success of each NPX ultimately depends on how effective the trading bots are. That’s it. If the bots are performing poorly, holders of NPX don’t really have an incentive to hold onto the tokens. The “natural hedge” may not be as effective as the whitepaper thinks, and that could be trouble.

Conclusion:

NaPoleonX aims to become the first algorithmic asset management company for crypto investors. The company aims to create decentralized autonomous funds, or DAFs, that operate using different investment strategies. Those investment strategies are implemented by bots. Profits are distributed to token holders, and token holders also vote on choosing the best DAFs.

Pros

  • Possible growth

Cons

  • No direct backing (asset, profits, commodity)
  • Limited exchanges