Website : www.napoleonx.ai
The cryptocurrencies are on the verge of disruptive evolution. It can turnover the wheel of the old traditional third party banking system with its blockchain protocols. The peer to peer transactions can lower the transaction fees. The cryptocurrencies can be the building block of the future machine currencies. The one magic brick which is still missing is the investment brick. NapoleonX is setting the platform for the investors in a wide set of assets in the crypto world. With its decentralized platform, NapoleonX can open new doors in crypto financial markets.
The Magic Brick
NapoleonX is started with a vision of proposing investment solutions for crypto holders, through Decentralized Autonomous Funds (DAFs). Its vision is to tokenize the real assets in the crypto world, hence in a few years private bank and the wealth management clients will allocate their portfolios into crypto assets. DAFs are the investment propellers as they give access to latest trading techniques. DAFs can be created with different governance models, botons’ consumptions. Any strategy provider proposing DAF should also present the trading bots and governance model. It should also indicate the Botons’ consumption.
Botons’ get credited every month by a DAF by issuing new DAF tokens, which should match with the price of botons consumed on the previous month. At payment dates, the Net Asset Value of a DAF token is calculated (the NAV price), and the amount of the Botons used is valued at the NAV price to benefit the NPX token holders, the Strategy Provider and Napoleon Crypto SAS
.
Initial Coin Offering
NapoleonX will be launching the ICO on 4th December 2017 with its NPX tokens and is looking for a target to collect 40,000 ETH through Napoleon crypto SAS. A hardware wallet will be set up so that all the raised amount will be collected and transferred to it after the successful ICO. The aim is to transfer through a multi-signature wallet. Such multi-signature amount will be 4 / 6 multi signature, so that the validation of 4 private keys among 6 is necessary to transfer the funds from it.
The ICO smart contract will be used to keep track of all the contributions made by the several subscribers. During the pre-ICO, an amount X is allocated, then the bonus program will start at X and not zero. A bounty program will be used for the payment to the external resources. NPX tokens granted to the external advisors will be blocked for a 3 month period. Since several ICOs have shown tremendous interest towards the ethereum blockchain, it has suffered high peaks of transactions demand, thereby putting the network at risk. For the pre-ICO, the contribution can be made only through the green list.
Roadmap
The roadmap consists in setting up the regulatory and to provide a legal framework. It should be capable of running DAFs and then to propose the first DAFs. Napoleon crypto SAS has already more than 20 performing strategies to enable the quick creation of ten DAFs. DAFs can also be created on various blockchains including the bitcoins and the asset managers are planning to develop investment strategies.
For more details visit
Website : www.napoleonx.ai
White Paper PDF : https://www.napoleonx.ai/wp32Y878754/NapoleonXWhitepaper.pdf
Btalk Username: karanj
Profile : https://bitcointalk.org/index.php?action=profile;u=1030341
It looks interesting, and the brand name reminds me of something.
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