NaPoleonX Newsletter — October 11, 2018

Dear Napoleonians,

We have had some news that is important for the project so we wanted to share it with you in “real” time so that you know what’s going on.

Before that, financial markets are also entering into a very fragile environment that could mark the top of the equity markets for quite a long time. After an initial sharp drop in February this year, the market has had difficulties to climb higher to reach its earlier levels. And it has dropped very sharply in the last few days. This seem to have been triggered by the long term interest rates that have breached important levels and could have validated difficult markets ahead. Fed president is for the moment not ready to pause in its rate increase cycle. 
With regards to crypro markets, they had stabilized at not so low levels for the last few months and it will be interesting to see whether they will suffer from lack of global market liquidity or become a safe haven.

AMF licence update

We had announced in our previous newsletter that our file would be reviewed by the AMF on October 16th. However, we just got a call from the regulator that is postponing its decision. 
The good news is that there was no specific point raised on our project. Our contact there tells us that they are just working under very reduced staff and given the Brexit overload, they are late on a lot of files. There is nothing we can do at this stage but being a little more patient. We are getting closer and closer to our goal every day despite this delay.

New BTC / ETH / USD strategy

We had announced previously that we would release a new strategy that allocate between ETH, BTC and USD. It is now available with the other signals in the dedicated tab.
This model is the result of our three existing strategies that are already displayed on our platform and few priority rules between them. The goal is to enable you to optimize your asset alloccation between BTC and ETH by taking into account our ETH.USD, BTC.USD and ETH.BTC strategies as a whole.

We will display the weights for BTC (either 0%, 50% or 100%) and ETH (-100%, -50%, 0%, 50% or 100%) in the strategy overview of the signal tab, as well as in the timer area if you access the strategy details. The performance of the strategy will be calculated in USD. When BTC and ETH positions will be at 0%, it will be assumed the portfolio is 100% allocated to USD or equivalent (e.g. stablecoin).
You will also notice minor changes in the display of the underlyings: on the new model, simply click on the underlying of your choice to view the corresponding strategy (ETH/USD or BTC/USD):

Below you can see the performance of this allocation model between 2015 and today:

ETH/BTC/USD strategy performance, Aug. 2015– Sept. 2018 (log scale)

This new strategy as the two extra ones will still be displayed for free for all NPX token holders until the asset management licence is granted.

New crypto strategies

We are working on releasing two additional strategies on XRP and LTC —respectively the 3rd and 7th largest capitalizations in the crypto market — to enhance our crypto library for our community. We are convinced that extending our portfolio of services will help to boost demand for NPX, eventually benefiting all our token holders beyond the personal use of the signals.
These two strategies should be made available in the next few weeks on the NPX Platform, so stay tuned for updates on this topic.

We will of course keep you updated on the asset management licence in real time once we receive some news. AMF committees happen every 2 weeks, so the next one is beginning of November.

Yours sincerely,

Stephane Ifrah, CEO


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About the author

NapoleonX is a decentralized and scalable crypto asset manager, founded by former multibillion-dollar fund managers with a strong expertise in banking and finance. Our value proposition is underpinned by long-standing, high-performance algorithmic strategies running on a variety of highly liquid assets, both on financial and crypto markets.
NapoleonX will implement this set of proprietary strategies using Decentralized Autonomous Funds (DAFs) — decentralized and scalable investment vehicles designed to manage $100m+ of AUM. They will give our investors and token holders access to robust investing strategies as well as steady earnings.
Want more? NapoleonX provides trading signals for traditional and crypto assets (stocks, gold, bitcoin, ethereum, and more to come), sentiment analysis for bitcoin and ethereum, financial news and in-depth content.

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