Ascendancy IPO Turned Into a Scam - Investigation in progress

[DimiZb]

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

What about ICO failed if you can't raise the minimum funding target? You will refund the investors, we know, but will you still continue the project without funding?

[AscendancyTeam]

What about ICO failed if you can't raise the minimum funding target? You will refund the investors, we know, but will you still continue the project without funding?

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

DimiZb,

In the event where we do not raise enough funds and we do not see ourselves completing the project, we will allow investors to retract their investment. However, if you read the above quote, you'll see that we will try and complete the Framework regardless of how much is invested. We are working tirelessly to market Ascendancy all around so people can see the viability in our project.

Thank you,
Andrew Penn

[thepo1m]

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.

Good that the investment is picking up, the last I checked it was 10BTC. I think most people would want to take advantage of the first round investment, the team just need to sustain the marketing and promotion

[AscendancyTeam]

Ascendancy Investment count is at 20BTC, there are 15% bonus slots that are still available! Please, if you invest, make sure you Join our Slack and contact @andrewpenn so that you can obtain your bonus. We want to make sure everyone who invests gets the same opportunity and is aware of their chance to get more for their money. Please also be aware that the price changes today at 20:00 GMT and the slots for our 15% bonus are limited!

[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.

Good that the investment is picking up, the last I checked it was 10BTC. I think most people would want to take advantage of the first round investment, the team just need to sustain the marketing and promotion

We will swing into a higher gear when it comes to marketing, we've already gotten banners up at bifabu.com and Ico-list.com, hopefully newsbtc.com will get a couple of banners up today otherwise they will do it tomorrow morning. Coinschedule.con will get our banner up ASAP.

We are in contact with several well-known crypto newssites and websites.

-- Axel Karlsson

[DISPERADO]

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

ASC tokens after the IPO will be available on your website only and the real exchanges will be released at the end of 2017 or at the beginning of 2018?
There will be your internal(domestic) exchange for ASC token only? And who can be sure that you will modify all of your products till a logical conclusion?

[jacaf01]

20BTC good job, but looking at the 2000BTC target this represent 1% of the projected fund, there is miles to go for the team to reach their ICO funding objectives

[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.

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

ASC tokens after the IPO will be available on your website only and the real exchanges will be released at the end of 2017 or at the beginning of 2018?
There will be your internal(domestic) exchange for ASC token only? And who can be sure that you will modify all of your products till a logical conclusion?

I will have Richard to explain this for you.

20BTC good job, but looking at the 2000BTC target this represent 1% of the projected fund, there is miles to go for the team to reach their ICO funding objectives

Our goal is 480 BTC and the project will keep going even if the goal isn't reached.
 
Sure, this is only about 4.3% of that goal but it's 5 weeks left of the IPO and I believe we can reach it.

[pusaka]

20BTC good job, but looking at the 2000BTC target this represent 1% of the projected fund, there is miles to go for the team to reach their ICO funding objectives

yes that's right the total invested in the ipo now is 20.48 btc
it seems too hard to reached 2k btc, but is not impossible to get it.

[marketone]

20BTC good job, but looking at the 2000BTC target this represent 1% of the projected fund, there is miles to go for the team to reach their ICO funding objectives

yes that's right the total invested in the ipo now is 20.48 btc
it seems too hard to reached 2k btc, but is not impossible to get it.

Project seems to be very promising so the expectation will also be very high from people, till now the ipo process is going well with ascendancy team. Even ASC team will rise more funds when they begin swing.

[pusaka]

20BTC good job, but looking at the 2000BTC target this represent 1% of the projected fund, there is miles to go for the team to reach their ICO funding objectives

yes that's right the total invested in the ipo now is 20.48 btc
it seems too hard to reached 2k btc, but is not impossible to get it.

Project seems to be very promising so the expectation will also be very high from people, till now the ipo process is going well with ascendancy team. Even ASC team will rise more funds when they begin swing.

maybe your are right, I check again in the website and total invested is 21.4 btc
I hope it will be success and goal is reached.

[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

ASC tokens after the IPO will be available on your website only and the real exchanges will be released at the end of 2017 or at the beginning of 2018?
There will be your internal(domestic) exchange for ASC token only? And who can be sure that you will modify all of your products till a logical conclusion?

ASC Token and IPO data will still be available on our website until trading phase starts in July/August 2017. When the trading phase has started you will be able to send your ASC Token to an exchange which we are currently in talks with. We will have no internal exchange, all trading will have to go via a trusted exchange that is running an Ascendancy node. There is no way for us to edit the exchanges data as that would belong to them.

Richard Aldridge


3 Hours left until the IPO Price Changes!
We currently have 31.698 BTC invested.

If you plan on investing or already have invested, be sure to Join our Slack channel!
After doing so, contact @andrewpenn to get your 15% bonus, the offer ends on the 7th and there are limited slots.


https://i.imgur.com/p08XSXY.jpg

[SparkIt]

About an hour left before the price changes. Next price is 0.00011BTC/ASC.
45.3BTC is raised right now.

[nelson4lov]

About an hour left before the price changes. Next price is 0.00011BTC/ASC.
45.3BTC is raised right now.

It has changed now. Over 45 BTC has been invested as at now. Maybe Investors are in for the rush hour. More Investments were made today compare to first 6 days of the IPO. I wish the Ascendancy Team Goodluck!

[AscendancyTeam]

About an hour left before the price changes. Next price is 0.00011BTC/ASC.
45.3BTC is raised right now.

It has changed now. Over 45 BTC has been invested as at now. Maybe Investors are in for the rush hour. More Investments were made today compare to first 6 days of the IPO. I wish the Ascendancy Team Goodluck!

Thank You nelson4lov,

1 hour left until price change and 15% bonus is still being offered.

[AscendancyTeam]

Only 10 minutes to make the most of thie opportunity, 74.7 BTC invested.

Thank you,
Andrew Penn

[HomoHenning]

Only 10 minutes to make the most of thie opportunity, 74.7 BTC invested.

Thank you,
Andrew Penn

my slack invitation is not working. is there still the 15% bonus available

[SparkIt]

WTF?!

[whynotbit]

The slack Ascendancy Team has been deleted.
A reason ?

[SparkIt]

The slack Ascendancy Team has been deleted.
A reason ?

I'm trying to figure this out with Lauda and Yahoo. We got kicked from slack.