whitepaper 1.

ascensionprotocol.io
admin@ascensionprotocol.io
tokenomics

ticker: ASCEND
max supply: 14 400 000
hardcap: 2000 BNB
presale token price: 1 BNB = 10k ASCEND

mechanics of the protocol

Ascension protocol is unlike any other BSC token due to the fact
it prides itself as the first multi-tier tax based currency. ASCEND
ecosystem require a tax on every transaction whereupon these
taxes are spread out evenly to ASCEND holders based on their
overall percentage of circulating tokens. Procuring more tokens
will allow a wallet address to move up or ascend to higher tiers
which in return causes those levels to pay a smaller percentage
on each transaction.

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.

tier/dimension amount of tokens tax %

3 999 or less 6.7
4 1 000 5.6
5 10 000 5.0
6 20 000 4.5
7 40 000 3.3
8 80 000 2.5
9 160 000 2.0
10 320 000 1.7
11 500 000 1.0
12 (god mode) 1 000 000 0.0

Other main function of the Ascension Protocol is the 2% liquidity

pull of the LP tokens from PancakeSwap. Everytime the LP token‘s
value rises 10% in regards to BNB price from the previous liquidity
pull, a function will be called to pull 2% of liquidity from Pancakes-
wap. The 10% rise in regards to price will be in BNB rather than
USD. Therefore, just because the price may go up 10% in USD it
does not necessarily mean it went up 10% in BNB price because
BNB price varies as well.

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.

Mirror Venus bStable

Acryptos Spartan Protocol

dao
The DAO is one of the most important and intriguing aspects of the
Ascension Protocol. As stated above, there will be liquidity pulls
(as the prise raises) to be used in an Ascension Strategy which
can achieve a wide variety of goals by simply buying tokens for
advanced arbitrage plays and more.

Only wallets with 40,000 ASCEND tokens can create

DAO proposals to decide what is done with the BNB that was
pulled from liquidity. In order to receive these benefits or airdrops,
one must be active in the voting process and will receive divi-
dends in proportion to the amount of ASCEND tokens that took
part in the vote.

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.

The following are some examples of potential strategies that

could be proposed.
airdrops

Airdrops will be a huge part of the Ascension Protocol eco-

system that will be voted on by the DAO. After a liquidity pull
commences, the DAO has the opportunity to submit a wide
range of proposals including airdrops. Airdrops can be
done in the BNB that was pulled or proposals to buy ano-
ther token and airdrop to all DAO voters is possible as well.
Also, buybacks of ASCEND tokens is a possibility, where those
tokens can be airdropped back or burned and used to procure
taxes and further decrease the supply.

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
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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.

investing via stocks, leveraged trades, margin trades and options

Multiple projects offer many services that are typically offered in tra-
ditional investing markets such as leverage trades, margin trades and
options, however they are not done in a decentralized manner. Few
synopsis
The overall goal that the team here at Ascension Protocol wants
to achieve is to give investors the opportunity to interact with a
DAO that they actually have a huge say in the direction it goes.
In today‘s cryptocurrency market of ever growing populari-
ty, there are many decentralized aspects that are great, howe-
ver, many DAOs are not useful nor beneficial for its members
and only function as a feature of decentralization, leaving the
possibilities on paper. The few DAOs that leave decisions up
to its members often lead to choices which actually have huge
negative impacts and procure a lot of risk to the members.

Ascension DAO is allowing its members to vote on the use of

funds pulled from our liquidity pool and thus giving them risk-free
exposure to ways in which they can expand their portfolio. There
is very little to no risk in the decisions made by the DAO and all the
benefits go to the members who took part in the voting process.

The team at Ascension Protocol is aiming to develop one of the

very first fully decentralized ecosystems that offers risk-reduced
opportunities to generate income for its DAO members.

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.