Topic: Ascendancy IPO Turned Into a Scam - Investigation in progress - page 17. (Read 38396 times)

What I think is affecting the project is that little was known about the project before the ICO commenced and even those that know about it don't understand what the project is all about, though there is still time to attract more investors.

Update: The Community Survey will be active until this Thursday (February 2nd 2017).

Right now we have more than 50 participants.
We are very thankful that you're helping us by providing this information.
We will analyze the results on Thursday and we will take any appropriate actions to improve on the areas you've pointed out are insufficient.

The amount of funds that will bring Ascendancy IPO will depend upon a variety of factors that will play a role in the near future. For example if will reach its goal of an advertising campaign, or have or not investors are now free money. Let's look at the end of Ascendancy IPO.

Didn't knew this project until i found the sig camp of this project, it this almost something like a smart bridge of ARK?

A DAPP Framework which simplify the process of engaging in cryptocurrency projects and allowing users to develop their own decentralized applications

Anyhow, as this project doesn't attract a huge attention, but who knows in the end they could able to fund more than other project?

Good luck!

our expression is very convincing.

I just found this project and am quite excited as it looks really fresh and inviting. I just filled in the survey as well and will try do a nice blog review in the afternoon and join in the Twitter campaign. I love the colors of the OP as well, so different from many other projects. I plan to invest a bit as well in a week or so, glad the ICO is running for a good month or so. 

the project looks great, i will follow this thread

You never know what is going to happen and we can't speculate how much the project will get funded based on amount collected on the first days.

Mostly the investors invest at last day/minute and from my experience in ICN which I watched mostly every day there were millions of dollars invested on the last days

He make jokes bro

Usually the funding raised is not linear. One day you can sell for nothing and one day you can sell for a hundred Bitcoin.
Even if we wouldn't get to 480 btc the project will keep being developed.

ICO is already started for 3 days, but it is still 2 btc invested, and your threshold is 480 btc, it looks an impossible mission, it will fail surely. Sorry to tell you the truth.

There are good reasons why it is Dpos and not just PoS, and it's all explained in the whitepaper.

https://ascendancy.io/#/ipo

you can check out the amounts here. just dont be signed in

Is there a chance to change only pos without 101 delegates ?

How much total investment in IPO now?
thanks

We still have more than 2 months before the IPO ENDS (10 March 2017), investment will be coming in the coming days, and you should watch for it. Now that Chinese New Year is over, we can expect to see some big investments that will come.

The investment are a little slow, considering there are 3 or more ICO/IPO running every month no wonder some project wont get much of an attention, but i hope in the coming week when the chinese new year is over we will see a big jump on invested fund.

For the whitepaper's emphasis on user-friendliness, it is ironic that a relative newbie like me had to also read a bunch of thread pages to finally deduce the apparent intended purpose of Ascendancy, beyond a very vague goal of helping people create decentralized applications.

(Imagine if someone said their business plan was simply "to create applications": You'd ask what applications, why, and how, in which market sector, with what advantages over competitors and alternatives).

Apparently Ascendancy's actual purpose can be summed up as: kind of like LISK but supposed to be more user-friendly and modular, to whatever degree that matters, also somehow more efficient

Lisk is a large $16 million market cap coin, out for a long time.  Yet, as near as I can tell at quick glance, nobody has so far ever developed a decentralized application on it that is actually functional with real users, beyond their brief list of concepts and prototype ideas.

I'm pretty sure, if that is accomplished in Lisk or another decentralized application framework like hypothetical Ascendancy, the pioneers will be groups of experienced programmers, not utter casual newbies.  Yet, along with a silly unprofessionally irrelevant quote bashing U.S. math scores compared to other countries, Ascendancy's whitepaper talks about target users for whom "cryptography is a scary word" because "they associate it with mathematics."  Those are not the people going to be creating some of the world's first dApps anyway.

The actual example applications in the whitepaper seem to be what would not be tried by mere newbies, so, if user-friendliness is a particular advantage obtained, it would only be user-friendliness by the standards of a tool built for programmers or close to it.

One example application is a "fully featured cryptocurrency in a separate container."  That possibly means helping some users create a new coin or token, in a more customizable manner than just an Ethereum token or just paying a fraction of a Btc to a coin creation service like Creatio.  Having a market niche of large enough size is unknown, particularly as I know Creatio is currently bringing in only around a bitcoin a month in net service buys (other than cycling Yobit bots and speculators).

Another example Ascendancy application is creating a "website/blog," which is presumably cryptocurrency-related in some unspecified manner.  A high-end interpretation would be something heavily cryptocurrency-based and aimed at taking on the likes of Wordpress or Steem, but it seems to rather be in the "simple" section of the list.  So maybe it just means adding some kind of crypto payment widget to a website otherwise unrelated to crypto.

But nearly all of this has to be deduced or wildly guessed, as the whitepaper is mainly just vague.

To have even a chance at obtaining anywhere close to 480 Btc, drastic measures would need to be taken, probably including an improved whitepaper and some working example of something, before the end of the ICO.  You're presently asking for a half million dollars with a whitepaper less refined than some college essays.  If having seen enough prior ICOs, even the fact that this is only a 18-page thread is a red flag warning for chance of failure at drawing enough community interest for a goal that ambitious.

As a possible would-be investor, I'd be happy to be proven wrong if it means a way for me to make money, but neither the current whitepaper, nor apparently previously unresearched naivety about plausible ICO results, give any confidence that Ascendancy has a well-developed business plan.