Review on NaPoleonX by Fanuel PORPORTY

Name: NaPoleonX
Item: NaPoleonX
Rating: 3

March 04, 2020

NapoleonX - Crypto asset manager

NapoleonX aims to become the first crypto-asset manager in the world, with the specificity of using only quantitative investment solutions. The project is led by a team of former investment bankers.

In finance, asset management is an asset management activity. Individuals, companies, investment funds or other entities invest money in it so that it can be managed in investment vehicles. The particularity of NapoleonX is that it manages crypto-assets instead of managing traditional assets. This means that its stocks will be ethers (ETH) or bitcoins (BTC), and not euros, usd. The interest is to invest in crypto-assets and obtain a return on investment (itself in ether). This makes it possible not to simply be in a “hold” position, a position in which the only possible profits coincide with the rise in prices. In addition to this, NapoleonX will manage these crypto-assets systematically only, that is to say by doing automated trading (called algorithmic) on the basis of quantitative models (themselves built on mathematical and statistical models) . NapoleonX’s investment vehicles are called DAFs, for Decentralized Autonomous Funds.

In the short term, NapoleonX wishes to have diverse and varied clients: crypto-holders, family offices and wealth managers. In the long term, institutional investors will also be a target. NPX is the ERC20 token from NapoleonX. It has several uses: dividends, access to trading signals, governance of DAFs.
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Pros

The dividends give right to 21.25% of the management fees (performance fees) of NapoleonX funds, the DAFs. These costs are passed on to users who have tokens. The management fees are 25% in total, the difference of 3.75% is distributed to NapoleonX. Dividends will either be paid in DAF tokens, which each represent a share of these funds, or paid directly in Ether, depending on the legal structure which will ultimately be used for investment vehicles.
If you have more than 10,000 tokens, you will receive the signals 15 minutes before the market closes, against 15 minutes after the close for a hold between 1,000 and 9,999 NPX, and finally 30 minutes after for less than 1,000.

Cons