Newsletter — December 1st, 2021

Dear Napoleonians,

The crypto market has gone through a shaky month, illustrating the decorrelation coins.

In this context, a small proportion of our algos suffered while trying to jump in volatile market trends.

We would like as well to share with you a some great news, demonstrating one more time our ambition to become a leader in the crypto markets.

Market & strategies analysis

November was another pretty tough month for the crypto market, with a lot of nervousness and struggle around the All Time High. It is not yet clear whether this is a correction or a distributive process, but we will find out soon enough. On a macro level, conditions are still very supportive, but the comeback of inflation which is less and less transitory could weigh on rates and hurt the market in the short term.

On one hand we are in the last year of a Bitcoin bull cycle and a lot of people are waiting for a firework on year end as it did in 2017 and 2013, on the other hand any announcement of anticipated taper even rate hikes should weigh on risk appetite.

Regarding our strategies November was extremely difficult with violent ranges and a lot of counter trends. All our strategies suffered whatever their horizon, and the achievement of high volatility amplified the phenomenon. However, we believe that the exit from this zone of uncertainty is near and that we will capture a strong trend soon, whether it is upward or downward.

Sales report

About the DAFs, here is the picture as of November 30th 2021:

DAF#1: 3.09M€ (-0.29M€ vs 15/11/2021)
DAF#2: pending
DAF#3: 1.24MUSDT (-0.37MUSDT)
DAF#4: 0.8MUSDT (-0.16MUSDT)
DAF#5: 1.41MUSDT (-0.31MUSDT)
DAF#6: 1.34MUSDT (+0.79MUSDT)
DAF#7: 32M$ (-3.6M$)
Super DAF (pool): 0.02MUSDT (-0.01MUSDT)

As said, a small proportion of our algos suffered in November, hence the impact on the AUMs.

To explore the DAF structuring, we are finalizing the Defi platform and it will be a massive ambition of the Group.

Meetup

We are very pleased to welcome a small group of Ambassadors on Wednesday 8th at 6pm for an open discussion and to present them as well a demo of the future DAF platform.

They will hopefully share with you their impression and we are very excited to meet them.

Corporate evolution

We are glad to officially announce a huge evolution of the Group, joining CoinShares as per below :

“CoinShares Agrees to Acquire Napoleon and its Social Trading Platform Expanding into New Consumer Market Segment (…) CoinShares’ acquisition of Napoleon is part of the Group’s growth strategy to continue expanding its in-house technology and platforms to reach new markets with new products that will help bridge the gap between traditional and decentralized finance while recognizing a deep change in investor preferences (…) “. Click here to read the full press release

Conclusion

We still have a lot more to do and are very confident that joining CoinShares will allow us to match our targets. The NPX tokens will be a true tool in the ecosystem, and we are looking froward to sharing our improvements with you.

As usual, feel free to contact us, we do thank you for your support in our project.

Best regards,

Arnaud, Jean-Charles and the team.