NaPoleon Crypto has reached an agreement with Chaineum, reportedly the first fully regulatory compliant French ICO boutique for conducting ICOs. The NaPoleonX platform will allow the selling of crypto investment vehicles (DAF – Decentralized Autonomous Funds) managed by algorithmic trading models and will regularly propose new algorithms supporting exclusive automated trading solutions. Chaineum will act as advisor to NaPoleonX.
Founded by Laurent Leloup, Chaineum provides a range of end-to-end services to companies and international start-ups wishing to develop with this new funding mechanism.
“Chaineum is the first player to meet the needs of this new global market, cryptocurrency financing for Blockchain start-ups, with trust standards that are mandatory in a hyper-growth market,” noted Leloup, blockchain expert and pioneer. “In the second quarter, ICOs in the world have amounted 3 times venture capital investments. And Chaineum is preparing 8 ICOs by the end of 2017, for European and Asian companies, of which cumulative amount could reach € 200 million.”
[clickToTweet tweet=”Howdy Partner: @CryptoFR Laurent Leloup #blockchain @chaineum #ico #france @fintechinsider_” quote=”‘Chaineum is preparing 8 ICOs by the end of 2017, for European and Asian companies, of which cumulative amount could reach € 200 million,’ revealed Laurent Leloup.”]
NaPoleonX smart contract is published by Napoleon Crypto, a venture from Napoleon Capital’s cofounders dedicated to crypto currencies investment. Napoleon Capital, a fintech startup accelerated at French Ecole Polytechnique and housed at Station F, in the “Ponts et Chaussées” engineering school incubator, was cofounded by Stéphane Ifrah, Arnaud Dartois and Jean-Charles Dudek, who are all recognized finance professionals and former asset managers for large banks and investment funds.
“We believe that the crypto market will experience a tremendous growth in the years to come on the back of the widespread adoption of Blockchain technology by Corporates. With the expansion of crypto currencies will come the need for financial planification and hence the development of investment supports,” commented Napoleon Capital cofounder Stéphane Ifrah via email. “This will be favored by the emergence of a regulation framework and we believe seeking a regulated status for NapoleonX project will be a key differentiating and accelerating factor in our development.”
[clickToTweet tweet=”@napoleoncapital plans #ico #chaineum #france #blockchain #crypto @fintechinsider_” quote=”“We believe that the crypto market will experience a tremendous growth in the years to come on the back of the widespread adoption of Blockchain technology by Corporates…,’ commented Stéphane Ifrah.”]
“We are delighted to be advised by Chaineum. We think it is important to structure our ICO with the same standards than in the real world in order to bring transparency and reliability to this young but promising market,” added Ifrah.
NaPoleonX’s goal is to create the first crypto asset manager dedicated to quantitative investement solutions for crypto currencies, including liquid crypto investment solutions, replicable at a large scale, based on crypto assets (Bitcoin, ether) or fiat financial markets (futures, stocks, exchange, credit). NaPoleonX tokens (NPX) will benefit from 85% of performance fees generated by the platform and seized from the DAFs.The ICO target is 40,000 Ethers (ETH).
Following the recent successful ICO conducted by Domraider, where Leloup acted as Lead advisor, Chaineum is leading the NaPoleonX ICO; presales will open mid-November for one month.
France is witnessing a recent spike of ICO activity.
“France is embracing ICOs. As a case in point: the French Markets and Securities regulator, the AMF, is working with the industry and top consulting and legal firms to define a sustainable legal framework for ICOs, so that both startups and investors can benefit from them,” commented Crowdfund Insider Therese Torris via email.
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