NaPoleonX: Newsletter 13th June 2018

investing finance ethereum cryptocurrency blockchain

Dear Napoleonians,

It’s been a month since we last gave some informations on where we are. Since that time, the crypto currencies have suffered with respectively -20% on BTC.USD and -29% on ETH.USD, the 2 largest of this universe. The good news if you have been using our BTC.USD and ETH.USD trading signals is that you would have earned 1.8% and 3.1% instead with just one trade over the period. I personally did. Did you ? Basically our “long term” trend following models were neutral on these pairs over the period and we had some mean reversals signals that contributed positively to performance.

Asset Management Licence
We are very happy to announce that we have submitted the complete file to our regulator earlier this week. It was a long file to prepare as it is quite technical and detailed and needed a lot of documentation on our side. We are expecting some feedbacks and discussions in the weeks to come by the team that will handle it and that we have met a few weeks ago. Approval should not be expected before september as with the French holiday season, there will not be any committee during summer months. We will keep you posted should anything significant happen.

IDAX listing
After some setbacks on the listing, we managed to find an acceptable solution that protects us against a delisting in case of regulatory issue, at a more reasonable cost as well for the project. It is important that we be very rigorous on budget issues. Associated with this listing, we are developing a market making bot for our token on this Exchange. On this particular topic, we should pursue the works in the months to come with another Fintech startup. We will make some announcements in due course as we are currently negotiating the terms.

Marketing
We have restarted our marketing push with our participation at the World Blockchain Forum in New York. Atmosphere there is a little less exuberant than the one we had in Miami in January this year. Still the quality of our interlocutors is increasing. We are pitching them to either buy our tokens or to be prepared when we will launch the DAFs. Even though it is a little bit early given where we are from a legal / regulatory standpoint, we thought it would be important to have a little present at one of the top conferences in the crypto space.

We will elaborate a more comprehensive plan post summer when we will be very close to getting the asset management license and be close to launch the first DAF. We will be targeting specific regions, where we think there is some kind of appetite for our products.

I am also making a 2h presentation in London later this week where I will talk about how to build a trading system and about cryptos to an audience of financial people at the FXCM Algo Trading conference.

Behind the scene …
Our devs are working on our backend to automate as much things as possible. We are also pushing for the strategies listed on our platform to be published on blockchain that will act as a third party validator. It is an important part of our credibility building when we will go after clients in the weeks to come. This is a long and tedious effort that is necessary to build our future operations that will need to be as smooth as possible.

NapoleonX platform
We are preparing a little surprise for the weeks to come. We will partner with a Fintech company that have been around for some time and that will provide with a cool tool that you should like. I don’t want to say too much as we will make a communication pretty soon. Stay tuned.

Reddit contest
We met Rodolphe at the WBF conference, our lucky winner of the Reddit contest. We spent a few hours during the day discussing on a lot of topics. We need now to pay a visit to Canada as he has been a good marketer for what is happening there. We thank him and his community behind for the little photo that he gave us in person. We will put it in our office once we have framed it.

New GDPR policy
As you may be aware, as a European company dealing with personal data, we are bind by the new General Data Protection Regulation (GDPR) regulation. As such, we have completed our privacy policy that you can access here.

During our ICO, we have collected your personal data for two purposes for which you gave your consent : (i) to process your transactions, manage and administer your customer account, personalize content, analyze how to improve our services and comply with legal and regulatory obligations, and (ii) to keep in touch with you about the work we’re doing, including feature changes but also product and project updates.

Today, on NapoleonX’s new platform, when you create an account, you give us your consent to collect your personal data to (i) manage and administer your customer account, personalize content, analyze how to improve our services and comply with legal and regulatory obligations, and (ii) keep in touch with you about the work we’re doing, including feature changes but also product and project updates.

Besides, we would like to recall to you that you can exercise your privacy rights at any time by sending to [email protected] an email with a subject beginning by ‘- Privacy -’. Your privacy rights include access, correction, erasure, restriction, objection, and data portability.

As you can see we are progressing in the right direction, trying to deliver on all our promises and beyond. Don’t hesitate to interact with us on Telegram where we are always happy to answer your questions.

Stephane IFRAH, CEO

Original article was created by: NaPoleonX at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

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Token Name Starts
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $3634.79390027 0.11%
Ripple logo XRP $0.3276798323 0.27%
Ethereum logo ETH $121.659447111 0.11%
Bitcoin Cash logo BCH $130.142969184 0.2%
EOS logo EOS $2.4402398774 0.25%
Stellar logo XLM $0.1068531733 0.42%
Tether logo USDT $1.0166585409 -0.07%
Litecoin logo LTC $30.9504760924 0.34%
Tronix logo TRX $0.0245519517 0.08%
Cardano logo ADA $0.0445328787 0.48%
IOTA logo IOT $0.3071782717 1.05%
Binance Coin logo BNB $6.1195398541 0.32%