NaPoleonX Newsletter — March 11, 2021
Dear Napoleonians,
Since the latest newsletter as of February 12th, the market caught a fresh cold before entering into a resilient V-shape targeting the higher high.
The market is still fed with institutional inflows while retail reinforces its HODL positions. On top of market flows, we can observe that banks and big IPOs coming (Coinbase,…) are scrutinized very carefully by investors.
Performance analysis
Both BTC and ETH made fresh ATH during the month. BTC reached 58k while ETH broke the 2000 USD mark, albeit for a few hours only. Indeed, after ATH was reached on Feb 22, markets started to consolidate.
This is fundamentally healthy and even in 2017, there were several 20–30% swift corrections during the bull run (once 2014 ATH were broken). This is only the second pause since the break of the 20k, so we should still be in the heart of the bull run, not at the end of it. There is still plenty of money out there to fuel this rally.
Over the month BTC climbed 37% while ETH rose a more modest 8% as it had been on fire the month before. In this context our historical ETH.BTC.USD strategy matched the 37% BTC performance of the BTC despite having changed horse several during the month.
In this bull run, this strategy continues to perform as expected. There will be a time where BTC and ETH market will be more desynchronised and where our strategy will beat the best of ETH and BTC.
Sales report
As announced last month, we have launched new DAFs and we are in the round to fill the shelves.
As of March 10th, here is the DAFs picture in terms of AUM:
★ DAF#1: 2.5M€
★ DAF#2: pending
★ DAF#3: 3.28MUSDT
★ DAF#4: 1.07MUSDT
★ DAF#5: 1.21MUSDT
★ Super DAF (pool): 0.099MUSDT
We are currently in discussion and very confident to launch 3 more DAF in the coming 2 months at the latest. Last but not least, we have decided to keep the Napoleon Bitcoin Fund as the DAF#1 as long as the 10 DAFs have not been reached.
NPX Licensing right
The NPX licensing right has been paid on February 15th to the eligible holders and we will revamp before the end of the month the dashboard on the website to get access to the DAFs metrics.
While the licensing right will still keep the 12M delayed period for the first 3 DAFs with 4 quarterly payments, the payment starting DAF4 will be on a quarterly basis, based on the fees generated on the previous quarter.
Business development
We can observe that the liquidity of the NPX token is going increasingly on HitBTC and we do think that the trend is initiated.
We are also entering into a new phase in marketing efforts with lots of interviews, webinars and press releases.
New NPX right and burn mechanism
As explained earlier, we want to place the NPX at the heart of the Napoleon project. On top of performing trading signals, DAFs launch and partial payment right on NapBots, we are delighted to present you a preview of our brand new baby: Crypto Army
This new service will be 100% payable with NPX tokens through a token burn mechanism. As a consequence, both users and non-users of the service will be interested in its success, either to benefit from the service by burning some NPX tokens or by benefiting from a decrease of the circulating supply.
That’s why we need you and your support to make this a success and push the NPX value to the levels it should belong to!
Conclusion
We are currently accelerating the business development to catch the positive momentum around the cryptos all around the world. We would like to thank you all one more time for your crucial support and confidence and will work hard to place NaPoleonX as a benchmark.
As usual, please feel free to contact us on our Telegram channel — Sergio is always on edge — if you have any questions.
Best regards,
Stéphane, Arnaud and Jean-Charles
