Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] [NaPoleonX] 1st 🌟French🌟 algorithmic crypto asset manager 🚀
by
KryptoKings
on 14/09/2017, 14:13:26 UTC
this looks interesting. but will the investors receive a part of the profit? I haven't seen anything about that. TAAS for instance give a quarterly payment of 50% of the profit generated. Will you do something similar?

I just scanned the website and whitepaper, but can't seem to find the function of the NPX token itself. Will check in more detail later.

Anyone from the team that can elaborate?

Hello PS92,

The NPX token holders will have the possibility :
•   to access the updated audits of the several trading bots,
•   to regularly vote for the eligibility of the new trading bots,
•   to regularly vote for the creation of new DAFs,
•   to monitor the token events and performance of each DAF,
•   to have access to relevant documentation on trading bots,
•   and to access its own account and reporting on gas perceived.
Besides the right to the gas generated by each DAF, the NPX token holders shall be granted a preference right on the subscription of every DAF’s ICO:
•   exclusive access to a pre-sale (white-listing) to secure a minimal amount equivalent to 15 000 ETH in total,
•   bonus of 15% on the pre-sale.

Hope it is clearer?


much better thank you. this project is certainly interesting and worth watching.

Plus: "When DAF will earn performance from the trading bots they use, they will pay 25% of such performance as gas, that will be given to the NPX token holders for 85%"

Really getting interested in this project. I like projects that share the wealth/pay dividends and not just increase in value if the coin demand increases.

I wonder if they're affected by the SEC rulling, given that they pay dividends.

We are very conscious of this risk and have consulted several lawyers in France and Switzerland. NPX tokens will not be considered as securities given their functionning according to them. However, DAF tokens might be considered in a second stage as security but Napoleon Crypto will have a proper licence to distribute them by then.