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NapoleonX - Due diligence #3

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hterrence opened this issue Oct 24, 2017 · 7 comments
Closed

NapoleonX - Due diligence #3

hterrence opened this issue Oct 24, 2017 · 7 comments

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@hterrence
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@hterrence hterrence commented Oct 24, 2017

Company's website: https://www.napoleonx.ai/

@icochecker
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@icochecker icochecker commented Nov 16, 2017

Napoleon (NPX)

Team

2 team members listed on NapoleonX website but Linkedin profile says that they no longer work there.

napoleonx-intern

napoleonx-jianfei-zhang

napoleonx-kun-xu

Advisors

Legal

Kramer Levin Naftalis & Frankel LLP
Registered Address:
47, avenue Hoche
Paris 75008
France

Company

Napoleon Capital

73 Rue Léon Bourgeois
91120 Palaiseau

Incorporated on: 27 July 2017
SIRET: 824 566 814 00029
ACTIVITIES (NAF CODE): 6619B

Director:

  • Stephane IFRAH
  • Arnaud DARTOIS

Infogreffe - Companies Register

Smart contract

Github

Commits

Product

  • No working product but a demo.
    napoleonx-demo

  • Demo
    Login: napoleonx
    Password: demo

Vesting

  • 6 month vesting schedule for founders and team.

napoleonx-team-vesting-2

Screenshot of telegram chat with co-founder discussing vesting schedule

napoleonx-vesting-chat

Investor concern

napoleonx-investor-concern

Additional info

Token distribution

napoleonx-distribution

Token allocation

napoleonx-allocation

Flags

Real Team:
GitHub:
Smart Contract: -
Working Product:
+2 yr Vesting for team: 6 month vesting schedule for tokens distributed to founders and team.
Have a company:
Transparent: -

IcoCheck

@icochecker icochecker changed the title NapoleonX background check NapoleonX - Due diligence Nov 17, 2017
@loul42
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@loul42 loul42 commented Jan 15, 2018

Hi,

What are the multiple red flags ?

Thanks

@icochecker
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@icochecker icochecker commented Jan 16, 2018

@loul42 I just updated the issue and the flags. (Last update 16 Nov 2017).

Major Red flag:

  • 6 month Vesting schedule for Founders tokens. (Founders could sell their tokens 6 month after the ICO)

Other flags:

  • No working product but a demo
  • Team members listed on their website but Linkedin says otherwise. (See screenshots above)
@coinbala
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@coinbala coinbala commented Jan 23, 2018

Chat showing attitude about short vesting

screen shot 2018-01-23 at 13 00 57

@KazanGi
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@KazanGi KazanGi commented Feb 28, 2018

IMHO avoid completely this ICO

@pabx06
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@pabx06 pabx06 commented Apr 29, 2018

LOL. it is like paying a gambler to lose all your money

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