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Whitepaper 1.1 Ascensionprotocol - Io Admin@ascensionprotocol - Io
Whitepaper 1.1 Ascensionprotocol - Io Admin@ascensionprotocol - Io
ascensionprotocol.io
admin@ascensionprotocol.io
tokenomics
ticker: ASCEND
max supply: 14 400 000
hardcap: 2000 BNB
presale token price: 1 BNB = 10k ASCEND
The higher the tier the lower the tax percentage is. Tax is paid by
the wallet address until that wallet ascends to a level known as
“God Mode.” Those that ascend to “God Mode” enjoy the be-
nefit of paying no taxes, while also receiving a large amount of
tax revenue due to their holdings being a large amount in regards
to the circulating supply.
Below is the amount of ASCEND tokens needed to ascend to a
particular level and the taxes those levels pay.
Note that the tax percentage is rounded to the nearest tenth the
most accurate tax number is represented by a fraction.
For example, if the BNB price was .01 BNB for every ASCEND
token when the liquidity pull occured, then in order for there to
be another liquidity pull the price of ASCEND token must hit .011
BNB.
flowchart
token holders
propose modular investment strategy
ascension dao
approves strategy to be called by any token holder
ascension treasury
supplies funds from liquidity pull
ascension strategies
generate profits for ASCEND token holders
investments
Our team has spent a lot of time researching projects that should
potentially yield stable returns in either BNB, stable coins or highly
liquidable assets. Below are some assets/service providers that
may be of use to Ascension Protocol.
The point of these liquidity pulls is not only to reward holders but
create an ecosystem that will be sustainable to constantly grow
and give holders of ASCEND tokens benefits and opportunities
to decrease their exposure to risk in this ever-growing market.
ascension strategies
Ascension Strategies represent modular smart contracts, appro-
ved by the DAO to be proposed and voted on by token holders.
These strategies accept an array of inputs so that they can be
adjusted by the proposal creator to best accommodate the si-
tuation.
trading/degen plays
Also, the DAO can have proposals submitted that offer risk-
-free trade plays. Say a lot of members of the DAO believe a
certain coin is going to gain substantially in a couple days,
a proposal can be submitted to buy X amount of that coin
at Y price and sell when the price reaches Z with a stop loss.
There are also a lot of instances where new and exciting coins
are coming out with presales but many members of the DAO
are afraid it may be a scam or a “rug”. This solution would allow
members of the DAO to take part in risk-free degen plays as funds
to be used come from our liquidity pool.
use of bots
There are many uses for bots and projects that offer bots that can
be used for our DAO in a variety of ways. Some of the uses in-
clude sniping listings, front running bots, trading bots and much
more. The DAO can vote whether to invest in these bots and use
them for future DAO proposals. Also, the DAO can vote to take
these funds from the liquidity pull to develop the DAOs very own
bot with a variety of uses. This would all come down to the cost of
these bots to use vs the cost to develop and what the DAO voters
think is best for the direction and longevity of the Ascension Proto-
col ecosystem.
airdropsinvesting traditionally
Airdrops will be a huge part of the Ascension Protocol ecosystem that
will be Multiple
voted onprojects offer many
by the DAO. After aservices
liquiditythatpullare typically offered
commences, the in
DAO has traditional investingtomarkets
the opportunity submit such
a wide as leverage trades, margin
range of proposals inc- tra-
des and options,
luding airdrops. Airdropshowever they are
can be done notBNB
in the donethatin awas decentralized
pulled
manner.
or proposals to Few
buy projects
another on BSC
token and offer these to
airdrop types of investment
all DAO voters isop-
possibleportunities that are
as well. Also, the sameofasASCEND
buybacks traditionaltokensmarkets.
is aApossibility,
few of these
projects
where those that can
tokens can be
beairdropped
used are Degen, back orWow, burnedMirrorand usedProtocol,
to
procureInjective
taxes and protocol,
furtherand more and
decrease more come out every day. The-
the supply.
se services may be utilized by DAO proposers and voters if they
trading/degen
see an opportunity
plays and the vote passes.
Also, the DAO can have proposals submitted that offer risk-free trade
other
plays. Say investments
a lot of members of the DAO believe a certain coin is go-
ing to gain substantially in a couple days, a proposal can be submit-
There
ted to buy is an endless
X amount of thatamount
coin at of opportunities
Y price and sell inwhen the cryptocurren-
the price re-
aches Zcywithmarket
a stopto loss.
generate
Thereincome
are alsoand a lotpossibly createwhere
of instances risk-free
newor
risk-reduced
and exciting coins are opportunities
coming outfor with those who but
presales aremany
a partmembers
of the As-of
the DAO cension DAO.it Opportunities
are afraid may be a scam likeorBNB
a “rug”,staking,
well pursuing
this wouldliquidity
allow
members mining,
of thebuilding
DAO to takedecentralized exchanges
part in risk-free degenand play,decentralized
seeing as
applications,
the liquidity being used andwill
a be
whole variety
pulled from of ourdifferent
liquidity possibilities
pool! The to-are
kens canoptions
then be thatairdropped
are always or onsold
the table
like the if members
risk-free find
tradethese
plays.options
useful.
use of bots
There are many uses for bots and projects that offer bots that can
be used for our DAO in a variety of ways. Some of the uses include
sniping listings, front running bots, trading bots and much more. The
DAO can vote whether to invest in these bots and use them for future
DAO proposals. Also, the DAO can vote to take these funds from the
liquidity pull to develop the DAOs very own bot with a variety of uses.
This would all come down to the cost of these bots to use vs the cost
to develop and what the DAO voters think is best for the direction and
longevity of the Ascension Protocol ecosystem.
Disclaimer: Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding
to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The
possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest
money that you cannot afford to lose. Ascension Protocol is a new type of investment, we do not guarantee any financial
gains and are not responsible for any losses as this is a new, untested product. Please do your own research before investing
and only invest what you would be comfortable losing as we are not liable for anyone‘s losses.