During Bitcoin Wednesday on 1 November 2017, CEO Stéphane Ifrah presented NapoleonX, an asset management company for cryptocurrencies that introduces the concept of Decentralized Autonomous Funds or DAFs to cryptocurrency investing. DAFs are smart contracts that invest in financial markets through a trading algorithm.
NapoleonX is currently holding an ICO that concludes at the end of February 2018.
In the presentation he explained:
As we know cryptocurrencies have really started to emerge as an asset or currency in last few months in terms of value, almost all of the institutional investors and most of the people are realizing the current situation of the Bitcoin market. Our vision is to address this need to manage crypto-assets, especially in the corporate world, which is trying to optimize its sources and operations, internally. NapoleonX basically is about planning your crypto investments. What we are trying to do is replicate [the type of trading that] is happening in the fiat world and apply it to the crypto world. The way we want to focus on managing money is using a systematic set of rules in the investment process. Another thing we focus on is trading on a low-frequency basis, and only very liquid assets. The reason behind that is simple: we want to trade on a large scale basis because not only will these cryptocurrency DAFs be used by you, but also by big institutional investors as an investment solution.