NaPoleonX — Project phasing

Phase 1 : Napoleonx ICO and creation of NPX tokens

In this first phase, NapoleonX project is launching an ICO to collect funds that will allow the launch of the 1st fully regulated crypto asset manager. It will specialize in quantitative trading with the design and management of bots. A focus will be made on highly liquid assets (both traditional and crypto) and on low frequency trading. The reason is to have the ability to trade very large size (over 100–200 million USD).

We will target initially large holders of cryptos (whales and ICO with large war chest) and fiat investors (Family Office and Wealth Management clients). More retail type of customers will also be able to participate in the investment vehicles. In a second stage, we believe that more institutional investors will start diversifying their asset portfolio in due time. We have set up the project so that we will tick all their boxes in their usual due diligence process.

The NPX token will give access to 3 main rights:

1. Access to trading signals of our bots so that they can trade on their own

2. Revenue share from the performance fees payable by the investment vehicles (DAFs)

3. Governance rights for the launch of new DAF

The funds raised during the ICO will be used for (1) launching the platform that will host the above mentioned functionalities, (2) capitalize the asset management company for regulatory reason and (3) marketing expenses for the launch of DAFs.

Phase 2: launch of DAFs

The first step in the delivery process will be to set up the platform to host all our functionalities. We already have a beta version and all the bots available so we anticipate this process to be less than 2 months.

Once the asset management company status will be obtained, NapoleonX will launch investment vehicles (DAFs). Each DAF launch will be organized as a new ICO with a specific DAF token. We anticipate the asset management status granting to last 3 to 5 months.

Each DAF will be governed by one specific bot that will trade either traditional or crypto liquid assets. Each DAF will either collect in ETH or BTC at this stage and will try to deliver absolute performance over this currency. As an example, if our bot delivers a 30% performance and a DAF collects 10,000 ETH initially, then it should reach 13,000 ETH at the end of the 1st year regardless of the ETH vs USD performance.

For the first 10 DAFs, a 25% performance fees will be paid by the DAF to NPX token holders and Napoleon Crypto. They will be structured as a rental fee payable by the DAF for the usage of the trading bots. They will be split 85% / 15% for NPX token holders / Napoleon Crypto and will be payable on a monthly basis. Technically, they will be payable in DAF tokens.

Over time, the simple holding of NPX token will allow the constitution of a diversified DAF tokens portfolio without any new investment. Mechanically, the most performing bots will be more represented in this portfolio.