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RE: NaPoleonX, the First 100% Algorithmic Crypto-Asset Manager, Officially Launched its ICO on January 22nd

Hi, thanks for the post. I looked at NapoleonX ICo but wasn't convinced for several reasons.

  • Their Whitepaper was littered with typos, whilst i know they are not native English speakers...they could have paid someone a bit of money to proof read it at least. Especially considering how much money they want to raise.

  • Reading the way they plan to do the profit split is just plain confusing to me. They really over complicated it and I believe any institutional investor reading it would probably not touch it (they probably also wouldn't be impressed with the white paper typo's - so if that's who they are targeting i don't think they will get very far).

  • There is also no real need for the to raise money? Why do they need a decentralised way to raise money for their Asset management firm? All the money is going to a centralised place (their fund) - i don't see why they need blochchain tech for this. Centralised method of fundraising could do the job easily.

  • Finally i couldn't help to wonder why they don't just raise the capital privately? If their trading track record is decent there is plenty of appetite from private investors to invest in crypto - why do they need to go through the trouble of an ICO?

Sorry this is all negative but its just my 2 cents on the concept.

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