What Is The Ascension Index(ASC)?
The Ascension Index (ASC) is the digital token of the Ascension Index project, a blockchain-based ecosystem running on the XRP Ledger offering various financial services and opportunities to token holders. ASC holders receive ongoing passive rewards in a diverse range of assets, providing a hedge against market volatility. The project incorporates a voting mechanism for community decision-making and aims to integrate different asset classes, including cryptocurrencies, precious metals, and potentially traditional assets. In later phases, the project plans to transition Ascension Point into a space-based Manufacturing Hub, pioneering space-based manufacturing on an industrial scale. Overall, ASC and the Ascension Index project seek to provide innovative financial solutions while promoting diversification, passive income, and participation in the blockchain ecosystem.
Who Are the Founders of ASC?
Patrick Riley a 16-year Combat Medic Veteran and the founder of Reaper Financial LLC, Patrick has a proven track record of service, commitment, and leadership. As a Platoon Sergeant and Non-Commissioned Officer-in-Charge Patrick has led large-scale, joint task force, multi-disciplinary operations. He has worked and negotiated with high level foreign government officials concerning their nation's healthcare and defensive capabilities. Patrick Riley brings a unique perspective as the founder of multiple XRPL tokens. Reaper Financial LLC was founded by Patrick L. Riley in October 2021, serves as the parent company that oversees various XRPL tokens, including RPR, ASC, and ARK.
Jason Cooper Jason Cooper is an experienced Credit Coach and co-founder of Reaper Financial LLC, with a proven track record in the credit repair industry. He possesses a diverse skill set that includes expertise in sales, cold calling, customer relationship management (CRM), and ensuring customer satisfaction. With a demonstrated history of success in his field, Jason Cooper brings valuable experience and proficiency to the team at Reaper Financial LLC.
What Makes ASC Unique?
ASC (Ascension Index) possesses several unique features and characteristics that distinguish it from other digital tokens and blockchain projects. Here are some key aspects that make ASC unique:
Diverse Passive Rewards: ASC holders receive ongoing passive rewards in a variety of assets, including cryptocurrencies, precious metals, and potentially traditional assets like stocks and bonds. This diversification of rewards sets ASC apart as it offers a hedge against market volatility and provides a broader range of investment opportunities.
Transition to Space-Based Manufacturing: ASC's long-term vision includes transitioning Ascension Point from a Smelting Refinery into a space-based Manufacturing Hub. This ambitious plan to pioneer space-based manufacturing on an industrial scale is a unique feature not commonly found in blockchain projects.
Innovative Financial Solutions: ASC enables users to convert their passive holdings into tangible assets like homes, cars, and electronics by partnering with product manufacturers. This innovative approach bridges the gap between blockchain and real-world assets, offering unique financial solutions to token holders.
Community Decision-Making: The project incorporates a voting mechanism that allows ASC token holders to participate in community decisions. This democratic approach to governance empowers the community to have a say in matters related to reward distribution and project development.
Integration of Asset Classes: Ascension Index plans to integrate various asset classes, catering to a wide range of investment preferences. This includes cryptocurrencies, precious metals, and the potential future inclusion of traditional assets in tokenized form.
Space Resource Utilization: The project's focus on space-based manufacturing and the utilization of resources from the Main Asteroid Belt adds a futuristic and pioneering dimension to ASC, making it stand out in the blockchain space.
In summary, ASC distinguishes itself through its diverse passive rewards, innovative financial solutions, community involvement, and the pioneering vision of space-based manufacturing. These unique features contribute to its appeal and set it apart in the cryptocurrency and blockchain landscape.
Ascension Index functions as an entity under the umbrella of its parent company, Reaper Financial. This parent company, Reaper Financial, oversees several XRPL tokens, including RPR, ASC, and ARK, among others. This organizational structure allows for the efficient management and coordination of various tokens and initiatives within the XRPL ecosystem.
What purpose does The Ascension Index (ASC) serve?
The Ascension Index (ASC) serves as a multifunctional digital token within the Ascension Index project ecosystem. Its primary role is to provide ongoing passive rewards to token holders, which can include various assets like cryptocurrencies and precious metals. ASC enables portfolio diversification, offering a hedge against market volatility and promoting financial stability. Moreover, ASC holders have the opportunity to actively participate in community decision-making through the project's voting mechanism, fostering a sense of ownership and governance. The token also facilitates innovative financial solutions, allowing users to convert passive holdings into tangible assets like homes and cars. Additionally, ASC plays a central role in integrating different asset classes within the ecosystem and may contribute to the pioneering venture of space-based manufacturing in later project phases. In essence, ASC enhances financial opportunities and engagement for its holders within the Ascension Index project.
The Ascension Index (ASC) Tokenomics
General overview of the tokenomics of the Ascension Index (ASC) based on the information provided in the whitepaper. Please note that specific details may change over time, so it's essential to refer to the project's whitepaper and announcements for the most up-to-date information. Here are the key aspects of ASC tokenomics:
Token Supply: The total supply of ASC tokens is generated incrementally over time. The initial supply may vary, but the tokenomics plan mentioned the minting of 1,000,000 new ASC tokens per month.
Passive Rewards: A significant portion of newly minted ASC tokens (e.g., 90%) is typically sold at market in exchange for a digital asset like XRP. The remaining portion (e.g., 10%) is sent to a third-party mechanism, such as StaykX, to earn daily passive rewards for ASC holders. These rewards are distributed based on the number of ASC tokens held and trustlines set.
RAIN Rewards: The project implements a reward event called "RAIN," where a percentage (e.g., 60%) of the newly acquired XRP is used to market-buy Marshal tokens. These Marshal tokens are distributed to ASC holders with trustlines set, following a ratio determined by community voting.
Permanent RAIN Fund: The remaining percentage (e.g., 40%) of the newly acquired XRP each month is allocated to a "Permanent RAIN Fund." Interest generated from this fund is added to the RAIN rewards distributed to ASC holders. To maintain stability, the project may implement a "ladder mechanism" to preserve the base value of ASC tokens.
Voting Mechanism: ASC token holders have the opportunity to participate in a voting mechanism, starting from Phase 2. This mechanism allows the community to decide on the ratio of offered asset rewards, enhancing democratic governance.
Integration of Asset Classes: The project aims to integrate various asset classes, including cryptocurrencies, precious metals, and potentially traditional assets in tokenized form. This integration broadens the types of assets that ASC holders can receive as rewards.
Transition to Space-Based Manufacturing: In later phases, the project plans to transition Ascension Point into a space-based Manufacturing Hub. ASC may continue to play a role in supporting and benefiting from space-based manufacturing ventures.
Innovation and Long-Term Goals: The tokenomics plan reflects the project's innovative approach to finance and asset diversification, with a long-term goal of addressing global debt through space-based resource utilization.
It's essential to consult the project's whitepaper and announcements for precise details on ASC tokenomics, including token distribution, utility, and governance mechanisms, as these aspects can evolve over time.
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Where Can You Buy ASC?
ASC is a token trading on the XRP ledger DEX, the most straight forward way to acquire ASC tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase ASC, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about The Ascension Index ecosystem and the upcoming airdrop, we suggest you follow @TheReaperCoin on Twitter.