Newsletter — November 15th, 2021

Dear Napoleonians,

The crypto market is still rallying and major cryptos are breaking their all-time high, fueled by the launch (at last) of ETFs indexed on cryptos in the US markets.
In a nutshell, we are still bullish on the trend and will soon launch new applications which will positively impact the NPX.

Market & strategies analysis

The past month has been bullish for Ether and Bitcoin and both are currently challenging their all-time-high from last spring. Technically speaking the levels have been crossed but for now we didn’t see a real acceleration above these levels. The launch of the first Bitcoin ETF in the United States (synthetic replication) has been a success. Moreover Bitcoin is perceived as a hedge against inflation that is still accelerating and has become less and less temporary. Currently our long only long/mid-term strategies are benefitting from the bull run. Our shortest strats are suffering from the numerous countertrends we can observe on an intraday basis and which indicate that we are not in a strong bull market for the moment. If we clearly break the resistances, we should see some performance on these models also. We noticed great performances in the altcoin world, and we therefore decided to be more proactive by offering our Long Only strategy on a variety of hot coins. We will also propose an equally weighted portfolio of Long Only strategies on a universe defined by the biggest coins from the portfolios of the best VCs. We plan to combine coins trending in social medias to our universe in a second step.

Sales report

About the DAFs, here is the picture as of October 15th 2021:
- DAF#1: 3.38M€ (+0.45M€ vs 13/10/2021)
- DAF#2: pending
- DAF#3: 1.61MUSDT (+0.26MUSDT)
- DAF#4: 0.96MUSDT (-0.18MUSDT)
- DAF#5: 1.72MUSDT (+0.45MUSDT)
- DAF#6: 0.55MUSDT (+0.06MUSDT)
- DAF#7: 35.6M$ (+9.5M$)
- Super DAF (pool): 0.03MUSDT (-0.04MUSDT)We currently receive

numerous reverse solicitation and continue to collect AUM, notably on the DAF#7. We are confident to keep on collecting fresh AUM and impose our institutional way of crypto management.

On top of that, we have also said last month that we do plan to launch soon some “stricto sensu “DAFs. This will be launched on the BSC where we are working on a dedicated platform, including a KYC process. Our structuring has been legally speaking validated and are very enthusiasts about it. NPX staking and even maybe a liquidity feature will be added, which could definitely lead to a bullish trend.

Binance Smart Chain bridge, licensing fees distribution and evolution

On top of pertinent trading signals, we hope that you have enjoyed the NPX licensing fees distribution at the end of October and the new listing on PancakeSwap. We should increase the liquidity as well to avoid any price distortion.
In the meantime, as announced previously, we will open in the coming days a decentralized anonymous organization (DAO) on snapshot.org where each NPX holder will be able to bring proposals for the development of NPX and vote for the validated proposals according to the number of NPX held (1 NPX = 1 vote).

Meetup

We are in contact with some NPX ambassadors to organize a meetup in early December, in respect of our sanitary rules.

Please feel free to contact Thibault and Sacha who will centralize your questions to be discussed at that time.

Conclusion

We are working this end of year to finalize our long-term DAF project and are confident to deliver a robust and attractive decentralized platform. This will be complementary of our sales activity and will reinforce our presence.
We do thank you one more time for your support and constructiveness to impose the NPX as a solid company’s token. Please do not hesitate as said to contact us should you have any questions.
Best regards,

Arnaud, Jean-Charles and the team.