Ascendancy IPO Turned Into a Scam - Investigation in progress

[AscendancyTeam]

We are in the process of developing Ascendancy regardless of the situation with funds. The funds are escrowed until we release a product that our 3 trusted escrows are satisfied with and we leave this up to their interpretation (https://ascendancy.io/escrow.pdf). We do not have access to funds until the product is complete.

This is an opportunity for investors to obtain some token equity which in turn the capital is used to market and fund our staff to market and develop. Ascendancy will be completed whether no more funds are invested at all but the price will increase after the IPO if we have the funds and backing to push to an exchange, to market to a wider varierty of people.

Ascendancy will be an ever evolving platform that people can be a part of, during this early development stage we are open to suggestions and you can be a part of that. We do not force anyone to invest. as I say, This is an opportunity.

The first ipo price week for Ascendancy ends on February 3rd 2017 at 20:00 GMT.
We still have a few slots available for our 15% bonus which ends on February 7th 2017.

Richard Aldridge
Ascendancy Core Developer

[frozenking]

hi, guys is there is somewhere where i can track ico fundind results?
cause im now thinking about to deposit, but not sure, want to check how is going and check number of collected funds.
Can i find somewhere blockain link or somtheing else?

[AscendancyTeam]

hi, guys is there is somewhere where i can track ico fundind results?
cause im now thinking about to deposit, but not sure, want to check how is going and check number of collected funds.
Can i find somewhere blockain link or somtheing else?

Hi frozenking,

You can see our current funding situation here, https://www.ascendancy.io/#/ipo. The escrow address is https://blockchain.info/address/3627Ns72j7DpGg6tcLdrrc8AvLJ2WKStY4. Feel free to come by our slack if you want to discuss any concerns https://ascendancyteam.slack.com.

Richard Aldridge

[SparkIt]

Early investor bonus
Hey everyone, the 15% early investor bonus offer is still available.
The offer will end 7th of February!
To claim this offer you have to join our Slack Channel (https://ascendancy.io/#/slack) and PM @andrewpenn your TID.
The offer is limited to one bonus per person.


Our plan is to publish the new whitepaper today.

[Tasty Potato]

Early investor bonus
Hey everyone, the 15% early investor bonus offer is still available.
The offer will end 7th of February!

Could you explain the mechanics behind this?
I invested a sum but how do I see or check how much 15% extra did I get? Does this come on tuesdays or to my BTC address or just straight to my IPO's account?
A grey area for me right now 

[SparkIt]

Early investor bonus
Hey everyone, the 15% early investor bonus offer is still available.
The offer will end 7th of February!

Could you explain the mechanics behind this?
I invested a sum but how do I see or check how much 15% extra did I get? Does this come on tuesdays or to my BTC address or just straight to my IPO's account?
A grey area for me right now  

You have to join our Slack channel and PM andrewpenn your TID and he will do it manually.

[AscendancyTeam]

Thank you for participating in the Community Survey
The Community Survey has now been closed.
I will analyze everything you've submitted and we will work with that.

I will also summarize everything and send payments as soon as possible.

Axel Karlsson
Project Manager

[nelson4lov]

I think it's still not late to reach threshold.

We still have final 2 days left in the 1st week of IPO that will decide if the IPO is a success or not

I don't think one week is enough to decide that. most big investors join ICOs in final day of Ico sale, so till the ICO don't end no one can say it is fail or successful.

It is still too early to make conclusions. The Ascemdancy IPO is barely a week since It started. Even though only 1.5% of the Minimum IPO target has been collected, It's still not right to conclude. I'm certain that sooner or later, Things will start happening around here.

[Wolf Rainer]

It just looks like a Lisk clone to me.

Thats just ignoring all the context. We can say all the coins are bitcoin clones, so why theres a lot of coins with big communities and high market cap? What makes a coin unique is the team and the community behind, committed to the coin and to his success. You can use the code of an existing coin and make some new with just a few change, but with the compromise of taken another way and focusing in another targets.

[SparkIt]

It just looks like a Lisk clone to me.

Thats just ignoring all the context. We can say all the coins are bitcoin clones, so why theres a lot of coins with big communities and high market cap? What makes a coin unique is the team and the community behind, committed to the coin and to his success. You can use the code of an existing coin and make some new with just a few change, but with the compromise of taken another way and focusing in another targets.

I agree with all you say but I just want to make it clear, to prevent misunderstandings, that Ascendancy will not copy any code from Lisk.
Ascendancy is, and will continue being, written from scratch by our developers.

[AscendancyTeam]

It just looks like a Lisk clone to me.

Apart from having a similar system and purpose to lisk there is nothing cloned. MS Windows and Linux serve the same purpose and do a lot, hundreds of the same tasks, Would you say they are clones?

I assure you there will be nothing cloned. Ascendancy is developed from the ground up, with a different mechanism of work when it comes to developing DApps. We are using similar technology in node.js, but that is simply because it fits the best purpose for our product. We want to make DApp development as simple as possible and having a natural javascript interpreter is so much more efficient. Ascendancy was first planned development in C++ with LUA, but for our customers ease of development we have used node.js and javascript.

You are welcome to come by our slack if you want to discuss the in depth technical details.

Richard Aldridge
Ascendancy Core Developer

[ErikSneijer]

Hello Richard,

Some trolls here got a point when they ask about your identity's.

I want to invest but now i am curious as to why you keep ignoring this question?

[AscendancyTeam]

Hello Richard,

Some trolls here got a point when they ask about your identity's.

I want to invest but now i am curious as to why you keep ignoring this question?

We are not ignoring this, It has been answered on multiple occasions. I personally do not see why this matters, I am a developer who wants to create a great product, not become a celebrity. Due to the issues that arise with this we have set up a > VERY SAFE < escrow system with 3 trusted escrows and as said in a previous post. Please read below, We do not receive the funds until the product has been released to a satisfactoy standard as judged by the three trusted forum escrows.

We are in the process of developing Ascendancy regardless of the situation with funds. The funds are escrowed until we release a product that our 3 trusted escrows are satisfied with and we leave this up to their interpretation (https://ascendancy.io/escrow.pdf). We do not have access to funds until the product is complete.

This is an opportunity for investors to obtain some token equity which in turn the capital is used to market and fund our staff to market and develop. Ascendancy will be completed whether no more funds are invested at all but the price will increase after the IPO if we have the funds and backing to push to an exchange, to market to a wider varierty of people.

Ascendancy will be an ever evolving platform that people can be a part of, during this early development stage we are open to suggestions and you can be a part of that. We do not force anyone to invest. as I say, This is an opportunity.

The first ipo price week for Ascendancy ends on February 3rd 2017 at 20:00 GMT.
We still have a few slots available for our 15% bonus which ends on February 7th 2017.

Richard Aldridge
Ascendancy Core Developer

Richard Aldridge

[AscendancyTeam]

Exchange Update

We have been in active contact with a number of exchanges regarding exclusivity during our trading period July 2017 --> January 2018.
During this period you will be able to trade your IPO token on your Ascendancy IPO panel to the exclusive exchange.
This will allow you to trade your IPO token before a public product is released.
The exclusivity will end when Ascendancy is publicly released and more exchanges could add Ascendancy.

We will reveal more details on this when we have an update.

[ije07]

Exchange Update

We have been in active contact with a number of exchanges regarding exclusivity during our trading period July 2017 --> January 2018.
During this period you will be able to trade your IPO token on your Ascendancy IPO panel to the exclusive exchange.
This will allow you to trade your IPO token before a public product is released.
The exclusivity will end when Ascendancy is publicly released and more exchanges could add Ascendancy.

We will reveal more details on this when we have an update.

I'll be waiting sir
more precisely when ICO will end. If in July. It feels very long
Please detail the right back your information sir.

[SparkIt]

Exchange Update

We have been in active contact with a number of exchanges regarding exclusivity during our trading period July 2017 --> January 2018.
During this period you will be able to trade your IPO token on your Ascendancy IPO panel to the exclusive exchange.
This will allow you to trade your IPO token before a public product is released.
The exclusivity will end when Ascendancy is publicly released and more exchanges could add Ascendancy.

We will reveal more details on this when we have an update.

I'll be waiting sir
more precisely when ICO will end. If in July. It feels very long
Please detail the right back your information sir.

Hello, ije07!
The IPO will end March 10th 2017, which is exactly 5 weeks from today!

Sincerely, Axel Karlsson

[AscendancyTeam]

Exchange Update

We have been in active contact with a number of exchanges regarding exclusivity during our trading period July 2017 --> January 2018.
During this period you will be able to trade your IPO token on your Ascendancy IPO panel to the exclusive exchange.
This will allow you to trade your IPO token before a public product is released.
The exclusivity will end when Ascendancy is publicly released and more exchanges could add Ascendancy.

We will reveal more details on this when we have an update.

I'll be waiting sir
more precisely when ICO will end. If in July. It feels very long
Please detail the right back your information sir.

March 10th 2017 is the end of the IPO, We estimate that the decentralized network will be running by July and trading will be available via our site, The whole product of Ascendancy which includes frontend UI, Better interface for node server, API and the SDK wont be finished until Q4 2017 or Q1 2018.

Richard Aldridge

[nelson4lov]

Exchange Update

We have been in active contact with a number of exchanges regarding exclusivity during our trading period July 2017 --> January 2018.
During this period you will be able to trade your IPO token on your Ascendancy IPO panel to the exclusive exchange.
This will allow you to trade your IPO token before a public product is released.
The exclusivity will end when Ascendancy is publicly released and more exchanges could add Ascendancy.

We will reveal more details on this when we have an update.

I'll be waiting sir
more precisely when ICO will end. If in July. It feels very long
Please detail the right back your information sir.

March 10th 2017 is the end of the IPO, We estimate that the decentralized network will be running by July and trading will be available via our site, The whole product of Ascendancy which includes frontend UI, Better interface for node server, API and the SDK wont be finished until Q4 2017 or Q1 2018.

Richard Aldridge

So Richard, When Should we be expecting the Platform to be finished? 2018 ? I think that's too far because the ICO will end Q1 2017. I can't say If I'm disappointed or not but I'd be willing to wait.

[AscendancyTeam]

So Richard, When Should we be expecting the Platform to be finished? 2018 ? I think that's too far because the ICO will end Q1 2017. I can't say If I'm disappointed or not but I'd be willing to wait.

Nelson4Lov,

The project is expected to be completed by Q4 2017 - Q1 2018, however we are working very hard and we hope to release the product before then.
We gave that date in the whitepaper and the roadmap so that if we hit any hiccups on the way it won't surprise investors that we released that late.

That also gives us room to surprise investors if we manage to release early which we are hoping will happen.

-Andrew Penn

[SparkIt]

Updates - 3rd of February
With the first week of IPO coming to an end I've got some updates for you regarding what we're working with right now and what we will be working on the upcoming days.

• Ascendancy Development
• We're in contact with exchanges for exclusivity for our trading phase Q3 2017 to Q4 2018
• We've been working on the technical details in the new whitepaper.
• Contingency Testing with database replication and our website
• Advertisement. Right now we have are advertised at Bifabu and ICO-list, we're in contact with several more websites and we're hoping to get on some of them tonight.
• We are working on our website, we'll have more content on it soon.
• Writing articles and blog posts.
• Analyze the community's suggestions and concerns,take actions and improve where you feel something is insufficient.

A total of 15BTC has been invested so far and there's about 6 hours left until the price change (20.00 GMT).
We still have some slots open for the 15% early investor bonus. Send the Transaction ID of your investment to @andrewpenn on Slack, only one bonus per user.
First come, first serve.