The cryptocurrency world has witnessed another near BAT experience today. -For those who doesn't know about the BAT ICO , the only thing you have to know about it is that it only lasted for 45 seconds.-
What is NapoleonX ?
It is an asset manager which has DAF's (Decentralized Autonomous Funds) of its own. Or we can call them by their more self explanatory name "Trading Bot". It basically trades your assets in algorithmic fashion by itself. This concept exists in the stock market for more than 20 years and is used by banks regularly.
Trading bots are just entering the crypto market. NapoleonX already has 10 developed DAF's that will be integrated on their investing platform later this summer. Users will be able to leave their funds at the hands of these bots on the platform for a performance fee.
Why is the token valuable ?
85% of the performance fees collected by the DAF's will be given to the token holders. The token holders also take a place in certain decision making processes for the platform.
How are they so successful in the ICO ?
Because of this guy. He has been working with banks for over 20 years and has guided investments worth billions. When you go through his LinkedIn page you think that he is almost over-experienced for this.
That means this is the perfect opportunity ?
There are still many scenarios we can talk about in which this can go wrong. However , the purpose of this post is to explain why they were successful.
Also, this project is a good one.