Two weeks since our previous newsletter and crypto prices have dropped further around 30% or so. Beginning of the year, people were wary of a bubble for crypto assets. Now the question is how low will the prices go before surging once again. It is not the first time that this young market is going through such cycle but it will survive and prevail once again.

In the meantime, we have kept on working to deliver on our promises as per our roadmap. Below is a summary of the project status.

Platform delivery

We have delivered the first version of our Platform to a selected few beta testers so that we can identify the main bugs and correct them before the official launch later this month. We are on target with our roadmap. The V1 release will have the trading signal feature so that any holder of NPX will get access to them very soon.

ENIGMA partnership

ENIGMA just launched its data market place and we were among the first 5 selected data provider with our BTC strategy. This strategy has the highest number of subscribers on their market place. Since the launch, we have added a new strategy on ETH that is still in testing phase on our side. The aim for us is not to make money on this platform by providing our trading signals but to advertise some of our strategies. It’s a way to make marketing and being paid for it.

New team member

Adrien Nour just joined our team. I would like that we all welcome him in our adventure. He will be involved on community management, marketing and content production for our Platform. Adrien quotes:

“After obtaining a degree in literature and a MA in publishing at Sorbonne University, I worked for several years in this field as a proofreader, layout artist and digital book developer, before taking up a position between 2013 and 2016 as a print and digital editor in Sorbonne University Academic Press.

One year abroad later, I fell into the blockchain cauldron in the Summer of 2017 — and haven’t been out since. Mining, trading and involvement in crypto-communities occupied me several months before I came across the NapoleonX’s project and had the opportunity to meet the team.”

Asset management licence

Progress are slower on this front as the Regulator‘s calendar is not the same as ours. However, we are progressing on this front and have a meeting schedule for 25th April to discuss the legal options to create DAFs and the asset management licence agenda. We will make a longer update once we will have met them and present our prefered options and the stakes.

Listing of NPX token

We have had a lot of questions on Telegram regarding our listing and I want to reiterate that we are committed to list our token on HitBTC and Coinbene as soon as market conditions are favorable. Indeed, listing does bear some heavy cost for us and we need to make sure that we are spending the money wisely. In difficult market conditions, people are more worried about their personal wealth than taking risk. Fundamentally, listing is a positive news that should not be wasted and we have decided to wait for the right timing. What we are looking for is for some kind of stabilisation in the crypto markets and the beginning of an uptrend.

In the meantime, our NPX token can be exchanged on Etherdelta, Forkdelta or on IDEX with decent volumes and we are also registered on CoinMarketCap.

I wish all of you the best of luck in these difficult time and rest assured that we are doing all our best to deliver on our promises.

Stephane IFRAH,

CEO Napoleon Crypto