Dear Napoleonians,

The month started very well for most of the crypto assets with BTC climbing up 11% during the month to end down 8.5%. Over the period, ETH went up 21% with a peak performance of 59%. In this context, our allocation strategy between ETH, BTC and USD went up 47% making new All-Time-High during the month. And the BTC.USD LO one went up 4%, also making new All-Time-Highs. For those of you that have been patient, you are now rewarded.

Last Thursday we announced at the ETHCC in Paris that we were relaunching our trading bot service, in a much more user-friendly format. We have opted for a Saas version. To use it, you just need to visit napbots.com platform, create an account, link it to your exchange trading account through an API key, create your own allocation from our library of 15 strategies, subscribe to our service through our brand new monthly subscription and let napbots work for you 24/7. You will discover 5 new hourly strategies only available on this platform. Others are about to be released…

Because you have been supporting us all along, we decided that we would create a new right to our NPX token: very soon users will be able to partially pay for this napbots service using NPX directly. We will specify the conditions in the next few weeks. We hope this should create demand for the token as we are making more publicity on this service. This will come in addition to getting trading signals from napoleonx.ai platform and the 85% performance fees sharing.

Sales report

We have received 16 spontaneous reverse solicitations from potential investors in February concerning our Napoleon Bitcoin Fund, mainly from private investors based in France, Monaco and Switzerland. This is definitely an encouraging trend showing that our marketing and sales efforts start to diffuse largely.

On top of our previous interest expressed in January, we also have 2 more close discussions. A French family office and a Tier1 Wealth Manager looking to diversify its commodities pocket. Last but not least, a crypto bank is looking attentively our BTC LO strategy.

We are proud to have co-sponsored the Cryptopia Movie Premiere on Friday 28th in Berlin, the second documentary from the independent filmmaker and producer Torsten Hoffmann. This was an exclusive gathering of some of the brightest and most influential minds of the crypto world as we took a look at the evolution of the industry and discussed how blockchain technology will transform economies and societies.

Next steps

The update of the napoleonx.ai platform, including the registration process, has been coded. It will be tested this week and released next week. The license agreement is being reviewed and will be available at the release of the platform.

Besides, we have updated the computation of the Unitary Daily License Amount (UDLA) indicated in the 14th January newsletter. Indeed, it was defined as an average over the Management Fee Generation Timeframe (MFGT), whereas it can evolve a lot from on day to the other (depending on the AuM either by a price effect and/or by subscriptions and withdraws). As a conclusion, we have decided to compute the UDLA for every day of the MFGT. As a consequence, a regularly registered NPX token will be entitled, for a given day, to the UDLA of such given day.

As an example, the sentence “Each token will be entitled to an amount equal to the UDLA multiplied by the number N of days during the MFGT that such token has been regularly registered.” in the 14th January newsletter shall be replaced by “Each token will be entitled to an amount equal to the sum over the MFGT of the UDLA for each days during which such token has been regularly registered.”

For the first period, it does not change anything, since every token that will have been regularly registered before March 31st 2020 will be entitled to the license on the full first MFGT. It will only modify the next period by computing the license rights according to a more accurate process.

Conclusion

As you can see we are constantly making sure the project become the huge success we all deserve. The core of our value proposal, which is delivering performance on our strategies, is solid. We are a little bit behind on the DAF launch but we are making up for the delay by adding new strategies and giving a new right to our token which should ensure more visibility in the weeks to come.

Sincerely yours,

The co-founders of the NapoleonX project