Dear Napoleonians,

We have had some news that is important for the project so we wanted to share it with you in “real” time so that you know what’s going on.

Before that, financial markets are also entering into a very fragile environment that could mark the top of the equity markets for quite a long time. After an initial sharp drop in February this year, the market has had difficulties to climb higher to reach its earlier levels. And it has dropped very sharply in the last few days. This seem to have been triggered by the long term interest rates that have breached important levels and could have validated difficult markets ahead. Fed president is for the moment not ready to pause in its rate increase cycle.

With regards to crypro markets, they had stabilized at not so low levels for the last few months and it will be interesting to see whether they will suffer from lack of global market liquidity or become a safe haven.

AMF licence update

We had announced in our previous newsletter that our file would be reviewed by the AMF on October 16th. However, we just got a call from the regulator that is postponing its decision.

The good news is that there was no specific point raised on our project. Our contact there tells us that they are just working under very reduced staff and given the Brexit overload, they are late on a lot of files. There is nothing we can do at this stage but being a little more patient. We are getting closer and closer to our goal every day despite this delay.

New BTC / ETH / USD strategy

We had announced previously that we would release a new strategy that allocate between ETH, BTC and USD. It is now available with the other signals in the dedicated tab.

This model is the result of our three existing strategies that are already displayed on our platform and few priority rules between them. The goal is to enable you to optimize your asset alloccation between BTC and ETH by taking into account our ETH.USD, BTC.USD and ETH.BTC strategies as a whole.

We will display the weights for BTC (either 0%, 50% or 100%) and ETH (-100%, -50%, 0%, 50% or 100%) in the strategy overview of the signal tab, as well as in the timer area if you access the strategy details. The performance of the strategy will be calculated in USD. When BTC and ETH positions will be at 0%, it will be assumed the portfolio is 100% allocated to USD or equivalent (e.g. stablecoin).

You will also notice minor changes in the display of the underlyings: on the new model, simply click on the underlying of your choice to view the corresponding strategy (ETH/USD or BTC/USD):