NaPoleonX ico

in #ico7 years ago

NaPoleonX is an algorithmic crypto asset manager.

According to the website, NaPoleonX is being represented by Kramer Levin Naftalis and Frankel LLP, a law firm operating from offices in the US and France. Hubert DE Vauplane, who is listed as an advisor to NaPoleonX, works for Kramer Levin and Frankel. I looked through their website and found a number of documents with Huberts name attached, although they were in French so I didn't understand what they said. Here is an example I pulled off of their website. http://www.kramerlevin.com/files/Event/5e9e3697-ab17-426d-9a06-23beac12bc32/Presentation/EventAttachment/d52df621-055d-4ee1-b567-2431a5d10412/140605_Banque%20%26%20Droit%20Revue%20Banque_Titrisation_Programme.pdf

Stephane Ifrah is a cofounder and CEO at NaPoleonX. I looked through his LinkedIn. On his credentials he has listed that he works at Quantic Capital Management. I googled the company, I did find evidence that the company exists, link to follow. Stephane also worked for EY according to his LinkedIn (EY refers to one of the member firms at Ernest and Young). https://translate.google.com/translate?hl=en&sl=fr&u=https://www.verif.com/societe/QUANTIC-CAPITAL-MANAGEMENT-793694076/&prev=search

Now that I've done some looking into as far as team members, I'm going to go over the token use functions and platform.

The NaPoleonX platform is an algorithmic trading platform, which creates and runs DAFs (decentralized autonomous funds). A DAF is basically a smart contract that invests in financial markets through trading bots. NaPoleon Crypto has created a number of DAFs and users will have a choice of which one they prefer to use as well as the appropriate leverage level. I'm including a link to the NaPoleonX black paper where the first ten DAFs are explained. http://www.napoleonx.ai/wp32Y878754/NapoleonXBlackpaper.pdf

The NaPoleonX token (NPX) gives rights to holders as far as voting on DAFs (the first ten are already set), receiving a portion of the revenue generated by trading bots, and the right to monitor the token events and performance of DAFs. On top of that, if I'm reading the white paper correctly (I think the translation is leaving something out) eligible NPX token holders will be granted a preference right (white listing) on the subscription of every DAFs ico, provided they meet legal and minimum capital criteria.

In my unprofessional opinion, this project looks to have potential. There are a number of risks involved with the project and as such I encourage you to look through the materials and form your own opinion.

NaPoleonX website https://napoleonx.ai/
NaPoleonX white paper https://www.napoleonx.ai/wp32Y878754/NapoleonXWhitepaper.pdf

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