L I G H T P A P E R

WHAT IS NAPOLEONX? Decentralized & autonomous fundsNapoleonX is a fully algorithmic, decentralized and scalable crypto asset manager, founded by former multibillion-dollar fund managers. Our value proposition is underpinned by long-standing, high-performance algorithmic strategies running on a variety of highly liquid assets. These trading bots have been designed over the last 10  years, and they run both on financial and crypto markets.NapoleonX will implement this set of proprietary strategies using decentralized and highly scalable investment solutions, a.k.a. Decentralized Autonomous Funds (DAFs). DAFs are designed to manage $100m+ of AUM and will give our investors and token holders access to robust investing strategies, as well as steady earnings.

OUR VISIONThe Future of Asset ManagementDecentralized Autonomous Funds are at the forefront of three major developments that we believe will reshape the asset management industry in the years to come: distributed ledger technology (blockchain), tokenization of real and financial assets, and quantitative finance. These concomitant elements will create a new paradigm that will transform the actual financial landscape, eventually breaking up the oligopoly of large institutions that, for ages, have dominated this industry while collecting huge amounts of fees and delivering poor performance. Bridging the gap between traditional & crypto marketsWithin the blockchain environment, investment solutions are still limited, restricting investors to manage most of their savings outside of the cryptocurrency ecosystem. However, the ability to invest in a large spectrum of assets through the tokenization of the financial markets is a game changer. By offering seamless access to a large set of tangible performing asset classes, NapoleonX aims to accelerate the use of cryptocurrencies in general and to boost the store of value aspect beyond the simple appreciation against fiat currencies.

ABOUT USNapoleonX is a French regulated entity founded by senior executives with strong and extensive expertise in banking and finance, who have cumulated 65+ years of experience in Tier-1 banks managing €8b+ worth of assets. NapoleonX has designed and run more than 20 non-correlated, high-performance and scalable absolute return & market timing models over the past 10 years. We are also proud of having implemented DAFs & Proof-of-Performance concepts, as well as having prototyped the first blockchained index publisher, with unrivalled features and guarantees.

A UNIqUE AMBITIONBridge the gap between the financial and the crypto worlds. Design crypto investment solutions offering a regular yield while reducing volatility.

FRENCH AM LICENSETargeted H2 2018.

PERFORMING TRADING BOTS10 years of R&D to design more than 20 non-correlated, performing, highly scalable trading strategies.

BLOCKCHAINIZED SOLUTIONSDecentralized investment vehicles running on Ethereum. Tokenization of quantitative strategies with Proof-of-Performance as a pledge of trust for investors.

SCALABLE BUSINESS MODELAll trading bots are designed to manage $100mln+ worth of AUM and to run on highly liquid real and crypto assets.

TARGET CUSTOMERSShort term: crypto holders, family offices and wealth management clients. Medium term: large financial institutions.

PLATFORMAccess tradings signals, detailed strategies reporting, market data, news, in-depth content, and more.

NPX TOKENBenefit from 21.25% of the gross performance of the first 10 funds. Enjoy trading signals for a dozen real and crypto assets, including Bitcoin and stock indexes.

IN SHORT

DAFS: THE ULTIMATE INVESTMENT VEHICLES

DECENTRALIZEDEthereum-powered investment solutions.

REGULATEDDAFs use only regulated financial instruments and derivatives (Futures). French regulated & licensed AM company.

SCALABLEDesigned to manage $100mln+ of AUM.

UPGRADEABLEEmbed the latest trading strategies. Blend the bots.

TRANSPARENTProof-of-Performance as a pledge of trust for investors.

POWERFULLeverage up to 8.0x for equities. Natural, initial margin & performance hedging mechanisms.

ALL-WEATHERDeliver linear-like performance over time.

DIVERSIFIEDBitcoin, Stocks, Real Estate, Oil&Gas, Gold. Europe, US, Asia, Emerging.

ETH-DENOMINATEDGenerate an absolute return on traditional markets and bring back value in Ether, or directly optimize crypto assets returns through market timing.

Over the last 10 years, NapoleonX has designed and run more than 20 non-correlated, long-standing, all-weather strategies able to deliver linear-like performance over time.Starting from Q4 2018, a set of selected strategies will be implemented with Decentralized Autonomous Funds (DAFs), i.e. ETH-denominated funds operating autonomously on the Ethereum blockchain. These investment vehicles will use only regulated financial instruments and derivatives (Futures). DAFs include leverage (up to c. 8,0x for equities) and hedging mechanisms. They can be piloted by a single bot or a blend of trading bots. All DAFs are denominated in crypto. Depending on the strategy’s underlying, our investment solutions will either generate an absolute return on traditional markets and bring back value to the crypto world, or directly optimize crypto assets returns through market timing.

STRATEGY NAME PROVIDER ASSET CLASS UNDERLYING CATEGORY PERF 12M (07/19/2018)

ETH/USD Napoleon Crypto Crypto ETH/USD Market Timing 1000.92 %

ETH/BTC Napoleon Crypto Crypto ETH/BTC Market Timing 398.47 %

DAF 1 US Napoleon Crypto Equity SPX Index Absolute Return 18.11 %

DAF 2 EU Napoleon Crypto Equity SX5E Index Absolute Return -7.29 %

DAF 3 UK Napoleon Crypto Equity UKX Index Absolute Return 7.38 %

DAF 4 JP Napoleon Crypto Equity NKY Index Absolute Return 16.30 %

DAF 5 HK Napoleon Crypto Equity HSI Index Absolute Return 17.91 %

DAF 6 EC Napoleon Crypto Equity MXEF Index Absolute Return 10.12 %

DAF 7 RE Napoleon Crypto Equity EPRA Index Absolute Return 0.51 %

DAF 8 GLD Napoleon Crypto Commodity GOLD Absolute Return 2.92 %

DAF 9 BTC Napoleon Crypto Crypto BTC/USD Market Timing 350.46 %

DAF 10 OG Napoleon Crypto Equity SXEE Index Absolute Return 17.98 %

DAFS & STRATEGIES

1 2 3the main error generator

when trading: human emotions

REMOVE BENEFIT LEVERAGE

from the power of Big Data & machine learning

to improve algortihms

the exponential trends of the crypto-markets & quantitative finance within the AM industry

NPX TOKEN: BOOST YOUR INVESTMENTS

MONETIZE YOUR TOKEN RIGHTS THROUGH PERFORMANCE FEESThe first 10 DAFs will pay a rental fee of 25% on their gross performance. Up to 85% of those fees can then be individually collected upon request by NPX token holders, by registering their tokens on the NapoleonX platform. Depending on the legal form of the investment vehicles, earnings will be paid either in ETH or in the DAFs’ native currency (DAF token). DAF tokens would be tradable on trusted cryptocurrency exchanges and be made easily reedemable against ETH on the platform.

ACCESS TRADING SIGNALS FOR REAL AND CRYPTO ASSETSNPX holders enjoy our trading signals for their personal use. If they have registered at least 1 NPX token on the platform, holders have access to the 10 first DAF strategies’ signals free of charge. Our most recent ETH/USD and ETH/BTC market timing models are also included ex gratia for all account types until the first DAF is launched (Q4 2018). Signals are updated daily at market close. The level of speed at which they are made available depends on the number of NPX tokens you have.

ACCESS EXCLUSIVE FEATURES• Personal dashboard.• Monitor the funds and the tokens received as remuneration.• Trading signals for real & crypto assets : bitcoin, ether, real estate, gold, global stock indexes.• Access legal documentation.• In-depth strategies reporting.• Exclusive content with NapoleonX Academy (coming soon).

TOKEN INFOContract: 0x28b5e12cce51f15594b0b91d5b5adaa70f684a02Ticker: NPXDecimals: 2Total supply: 29,800,000 NPXVol / Market Cap: ~10%

25 %PERFORMANCE FEES FOR THE FIRST 10 DAFS

Up to 999 NPX

Get trading signals 30 min after market close

Silver account

10,000+ NPX

Get trading signals 15 min prior to market close

Platinum account

1,000 - 9,999 NPX

Get trading signals 15 min after market close

Gold account

NPX PLATFORM: YOUR FINANCIAL HUB

TRADING SIGNALS Low-frequency trading signals available for a dozen real and crypto assets:• BTC/USD, ETH/USD, ETH/BTC• Gold• Real Estate Europe (EPRA)• Oil&Gas Europe• Global stock indexes including S&P500, Eurostoxx50, FTSE100, NKY225, HSI and MXEF (Emerging markets).Signals are updated daily at market close. They are made available at three levels of speed to NPX token holders, depending on the number of tokens they own (see previous page).

SENTIMENT ANALYSISL’Humeur des marchés is a data visualization platform that provides predictive sentiment & emotions data for BTC and ETH. Designed by SESAMm, this cutting-edge solution performs real-time linguistic analysis on 250k+ sources of data (news, forums, social media, trading platforms…) in 9 languages to extract opinion, sentiment & emotions data linked to Bitcoin and Ethereum. “The Markets’ Mood” helps you to identify the behavioral biases that exist in the crypto market, to anticipate trends and to build innovative investment strategies. It is the perfect tool for your discretionary trading in conjunction with fundamental analysis, technical analysis, and quantitative trading signals.

DASHBOARDThis is your personal portfolio showing the number of NPX tokens you own, their current ETH-market value and their change in value on a given period. On the right, you will see the amount of earned income from investment funds (DAFs) and details on your earnings over 1 month, 3 months and 1 year. At the bottom, the list of DAF tokens, including their underlying, quantity, unit value and total value in ETH.Note that NPX tokens are not held on the platform. No transfer is needed; they remain in the wallet of your choice.

IN PARTNERSHIP WITH

REPORTINGNPX token holders have access to detailed reporting on our strategies, including:• Distribution of monthly performance spread by intervals (chart);• Detail of the monthly performance (table);• KPIs: Performance, Return, Sharpe ratio, Max Drawdown, Volatility, Skew;• Summary Statistics: months with positive / negative performance and average positive / negative monthly performance.

NEWSFEED & MARKET DATASeamlessly access the information you need. We provide market data (for our strategies’ underlyings) as well as financial and crypto news directly on the NPX platform — so that it’s always at your fingertips.Instantly visualize all the financial and crypto information that matters and access it with one click. News is collected from trusted and reliable media sources (Bloomberg, Investing, Reuters, Market Watch, CoinDesk, etc.), and is handpicked to keep only the most relevant information.

IN-DEPTH CONTENT“An investment in knowledge pays the best interest.” — Benjamin Franklin

NPX Academy is a community space dedicated to learning and sharing in the fields of quantitative finance, blockchain, and crypto assets.The In-Depth section provides a selection of comprehensive articles about quan-titative finance, trading, cryptocurren-cies, blockchain, and other related topics. A community-driven tutorial section is also in the works.Visit us at https://napoleonx.ai and start deepning your knowledge about finance, blockchain, trading, and more!

MEET THE TEAM

Stéphane IFRAHCEO

Experienced asset manager, started developing algorithmic

strategies more than 10 years ago while at BNP Paribas.

Marc des LIGNERIS CIO

13 year experience as designer and manager of multi asset algorithmic

strategies for BNP Paribas AM. Trading crypto since 2017.

Stefan DUPREY Blockchain & Data Expert

Strong and mixed experience as quantitative developer w/ expertise

in derivatives pricing, electronic trading & asset management.

Adrien NOUR Marketing Manager

Expertise in print & digital publishing, editing, content creation,

and marketing. Involved in crypto & blockchain since 2016.

Alexandre COUTOULY CTO

Engineered trading tools on the Listed Products Trading Desk at Société Générale CIB for 4 years.

Adime AMOUKOU Data Scientist

Specialized in designing data & analytics solutions involving large

scale data processing, real-time analytics and machine learning.

Arnaud DARTOIS COO

8 years experience as a private equity investor for a family office, conducted LBOs in the health and

waste business.

Jean-Charles DUDEK CSO

Long standing experience on both sell and buy sides and more than 13

years in Tier 1 Banks.

NapoleonX

Find us on LinkedIn

MEET THE TEAM

CONNECT WITH US

CHAT WITH US

Legal Notice

NapoleonX website does not constitute a recommendation to engage in any action, does not constitute or form any part of any offer to sell or issue and is not a solicitation of any offer to purchase any financial instrument, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. To the extent that any transaction is subsequently entered into between the recipient and NapoleonX, such transaction will be entered into upon such terms as may be agreed by the parties in the relevant documentation.

The information contained in the website has been obtained from sources believed to be reliable, but there is no guarantee of the accuracy, completeness or suitability for any particular purpose of such information or that such information has been independently verified by NapoleonX or by any person. None of NapoleonX, its members, directors, officers, agents or employees accepts any responsibility or liability whatsoever or makes any representation or warranty, express or implied, as to the accuracy or completeness of the information, or any opinions based thereon, contained in the website and it should not be used in place of professional advice. Additional information may be provided on request, at our discretion. Any scenarios, assumptions, historical or simulated performances, indicative prices or examples of potential transactions or returns are included for illustrative purposes only. Past performance is not indicative of future results. Investors may get back less than they invested. NapoleonX gives no assurance that any favourable scenarios described are likely to happen, that it is possible to trade on the terms described herein or that any potential returns illustrated can be achieved. The website is current as at the date of its production and NapoleonX is under no obligation to update or keep current the information herein.

In providing the website, NapoleonX offers no investment, financial, legal, tax or any other type of advice to, and has no fiduciary duty towards, recipients. Certain strategies and/or potential transactions discussed in this document may involve the use of derivatives which may be complex in nature and may give rise to substantial risks, including the risk of total or partial loss of any investment or losses without limitation and which should only be undertaken by those with the requisite knowledge and experience. NapoleonX makes no representation and gives no warranty as to the results to be obtained from any investment, strategy or transaction, or as to whether any strategy, security or transaction described herein may be suitable for recipients’ financial needs, circumstances or requirements. Recipients must make their own assessment of strategies, securities and/or potential transactions detailed herein, using such professional advisors as they deem appropriate. NapoleonX accepts no liability for any direct or consequential losses arising from any action taken in connection with or reliance on the information contained in this website even where advised of the possibility of such losses.

US Supplement

Major U.S. Institutional Investor Certification Access to the Site and the research presented on it is only available to «Major U.S. Institutional Investor» (MII) as defined in Rule 15a-6(b)(4) of the Securities Exchange Act. MII includes (i) a U.S. institutional investor that has, or has under management, total assets in excess of $100 million; (ii) an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act that has total assets under management in excess of $100 million, or (iii) any entity, including any investment adviser (whether or not registered under the Investment Advisers Act), that owns or controls (or, in the case of an investment adviser, has under management) in excess of $100 million in aggregate financial assets. By accessing the Site you are deemed to have certified that you meet the definition of a MII as defined.

Read our complete Terms of use at https://www.napoleonx.ai/termandcondition.

The website is being communicated by Napoleon Crypto SAS, 11 rue de Sèvres, 75006 Paris, France. Incorporated in France with Limited Liability. RCS 833 353 212.

Twitter

Facebook

Telegram Telegram (ANN)

Reddit

Medium

LinkedIn

Youtube

© 2018, Napoleon Crypto SAS. All rights reserved.

OUR PLATFORM IS LIVE

www.napoleonx.ai

Trading Signals • Sentiment Analysis • Market Data Reporting • In-Depth Content • Newsfeed