REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
Ascension Lite Paper
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PHASE I – RAIN
ASC Holders Receive Quality XRPL Tokens.
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PHASE II – High-Liquidity Layer-One Blockchains
ASC Holders Receive Bitcoin, Ethereum, and other L1 tokens.
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PHASE III – Gold and Silver Bullion
ASC Holders Receive Bullion Balance for use with Partners.
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PHASE IV – Homes, Cars, Electronics
ASC Holders Receive Product Accumulations.
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PHASE V – Stocks, Bonds, Futures, And Equities
ASC Holders Receive Eligible Equities.
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PHASE VI – Ascension Mint
Ascension Becomes an Official Mint of Precious Metals.
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PHASE VII – Art and Wine
Ascension Backs Unconventional Assets with Bullion to Benefit ASC.
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PHASE IIX – National Collateral
Ascension Mint Offers Tokenized Investment in National Treasures as Collateral for Nations to Earn Interest on Stagnant Treasures.
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PHASE IX – Asteroid Mining
Ascension Point Becomes a Transitory Hub for the Mining and Refining of Space-Based Bullion.
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PHASE X – Microgravity Manufacturing
Ascension Point Expands from a Refinery to an Industrial Operation.
REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
ASCENSION WHITE PAPER v2.0
While Reaper Financial understands the value that Death brings to Life, there is a greater danger in the universe than unchecked life (inflation) called purgatory (stagnation). Stagnation is caused by the lack of growth with a simultaneous lack of motion (Velocity of Money). While the Reaper is there to take away that which is in excess, Ascension is there to be an ‘Angel of Mercy’ giving new life to all worthy assets.
PHASE I
Ascension Token (ASC) is a tandem product offered by Reaper Financial that will operate in a complementary mirrored protocol to RPR. ASC will inflate by 1,000,000 Tokens per month with an equal sale to RPR and on the same schedule. While 48.5% of the Reaping Funds generated are used to buy and burn other tokens, 50% of the Ascension funds generated will be used to market-buy the Hard-Slotted XRPL Tokens relative to their Reaper voting percentage after the Reaping. The Tokens acquired for Ascension will then be sent out as a RAIN to all Ascension holders equal to their holdings, provided they have the Trustline for the hard-slotted Token.
The hard-slotted Tokens are thereby empowered with unparalleled utility to fight both inflation and stagnation. By possessing a dedicated RPR wallet and Reaping eligibility the hard-slotted Tokens gain the function of being deflationary decentralized income tokens without loss of value to the project itself. By holding both RPR and ASC these projects are able to deflate their supply while earning back their own token, keeping the developer’s wallet resilient to outside forces. The hard-slotted tokens will additionally benefit from retail ASC holders receiving their coins from the market to a Trustline, encouraging new Trustlines for every project that achieves a Hard-Slot.
Retail consumers holding RPR will receive the other 50% of the Ascension funds generated in the form of the Permanent DRIP Fund (25%) and the DRIP Stimulus (25%), increasing the base-value of RPR while ASC retail consumers will benefit from receiving a basket of above average Tokens. Many of these Tokens offer the user additional utility opportunities. In a situation where the ownership of ASC results in the RAIN of a stakable Token, this will be referred to as ‘Super Staking’; i.e., StaykX, xSTIK, TRSRY, or Xoge Tokens.
This intricate and interlocking system improves the stability of the XRPL ecosystem while promoting quality tokenomics and best practices consistent with the Constitution and Values of the Blockchain Leadership Oversight Council (BLOC.Foundation). By purchasing tokens at market and distributing them to holders of ASC on a scheduled basis, Reaper Financial ensures that the serviced Tokens continue to circulate in the ecosystem while also increasing their
scarcity with RPR.
REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
PHASE II
While the majority of XRPL tokens are in their first two years of existence, it is natural that while some may succeed, others will fail. Despite adhering to BLOC Oversight standards, there will always be unpredictable externalities, regulatory hurdles, or personal challenges that arise to interfere with the development of an asset class. For that reason, Ascension token holders will be granted the opportunity to earn the ‘Hard-Money’ assets that have best proven their value and staying power in the digital asset space.
Using the proprietary technology of the Debt-Reaping-Tool, ASC Holders will be able to log into Reaper.Financial and ‘white-list’ addresses for select assets such as Bitcoin, Ethereum, BNB, XRP, Avalanche, HBAR, and other high-liquidity layer-one Blockchains. Our systems will tally ASC ownership and create distribution spreadsheets for these assets much in the same manner as the current RAIN airdrops. We will be developing our own multi-chain airdrop platform immediately after the release of the Debt Reaping Tool to perform this task. This will provide the entire Digital Asset marketplace with a safer alternative to centralized staking platforms while allowing users to earn BTC and other primary assets deposited directly to their Hard-Wallet or desired safe destination.
PHASE III
Ascension is a risk-off decentralized approach to an index of quality assets, and as such we would be remiss to ignore the tried and true commodities that have been the backbone of human monetary systems for the large majority of history. Gold and Silver Bullion are perhaps the most reliable store of value available and while digital assets certainly have their place, no index should be considered risk-off if it does not account for precious metals. In Phase III we will be adding ‘Bullion Balances’ to an ASC Holder’s account. This balance will reflect in the form of a gift card account associated with the Wallet Address of the ASC Holder, and based on the vote of ASC Holders will be loaded with funds available to be used with partners in the precious metals business.
In Phase III we will conduct separate votes for RPR and ASC holders, while RPR token will allow for individual holders to divide their vote against Tokens/Debts, ASC will remain a community vote where every ASC Token receives a relative distribution of all assets. To receive physical Gold, Silver, or other Bullion you will simply log into the AscensionIndex.com website (coming for Phase III) and link from your ASC Account to the Metals provider of your choice. Using your balance, you will be able to place an order for the asset of your choice. *Shipping and Handling will vary and is deducted from your balance or may be covered by the user as an additional charge.
PHASE IV
Bullion and Blockchains are great – we are sure you think so as well, or you wouldn’t be here – but those are luxuries that not everyone has the ability to pursue. In fact, even with Debt Reaping, the reality is that many in the younger generation will struggle to find the funds to achieve their dreams, especially home ownership in a competitive market. The beauty of Blockchain and specifically Ascension is that it is a ‘Ledger’. We take that meaning literally in that your ASC balance reflects not only income, but also distribution. Reaper Financial will be partnering with product manufacturers such as home-builders and auto-manufacturers. Holding ASC will build the balance of a down payment on your behalf, or potentially the outright purchase of the assets that you will need most in your life: homes, cars, electronics, etc. By using a percentage of the ASC sales (as voted by ASC Holders) to acquire vouchers on these products, users will have the ability to turn their passive holdings into a computer for their work or education, a car to replace their aging automobile, or a house, built to their design and specifications.
REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
PHASE V
Though we respect and revere some legacy systems, stocks, bonds, futures, and equities are in no-way superior to a tokenized version of themselves. We anticipate the eventual digitization of all such assets that are currently traded, and it will likely follow shortly after the implementation of CBDC’s. There will be many challenges for the industry and Reaper Financial will by no means be alone in the embrace of these asset classes merging. As becomes available, Ascension will also integrate these assets in their tokenized form where legally permissible. This will likely be a larger integration plan encompassing Reaper Financial and River Styx exchange.
PHASE VI
Just as Reaper Financial aims to become a Fintech company on par with Robinhood and PayPal with the purchase of a bank and scaling solutions; Ascension will endeavor to become more than an index. While Reaper Financial and the Bank will focus on debts, loans, and non-tangibles, Ascension will continue to be the opposite side of the coin, only literally. Ascension Mint will be physically co-located with Reaper Financial HQ in which we will become a precious metals mint. This will allow not only to save ASC holders fees, but also to create various additional products backed by precious metals. In the age of BRICS and the de-stabilization of USD, this is essential to stable global operations.
PHASE VII
Some of the most valuable and least-considered asset classes such as Art and Wine regularly out-perform the market. An Ascension Mint will have the ability to back obscure assets such as a rare painting with a precious metal peg, giving the owner the option of turning in the Art piece for physical bullion. The Art piece may then be preserved and resold at a later date, with the appreciated value benefiting ASC holders by the balance of the profit being distributed in the same percentages of the ASC distribution.
PHASE IIX
At the same stroke, many of the owners of these assets have no desire to part with them, even more important is the fact that many valuable assets belong to nation-states. While most nations account for their precious metals in their balance sheets, art or specific treasures are generally forgone as ‘invaluable’. What if they weren’t? More importantly, what if nations could earn interest on the existence of national treasure? The Mona Lisa, the Hope Diamond; tokenize it, fractionalize it, and allow individuals to own a piece of it as a store of value. To do so, Ascension Mint must have sufficient backing and physical verification of the valuable. In an age where Reaper Financial is in its own phase eight and providing services to central banks, it is reasonable that loans to these nations be backed by collateral.
REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
PHASE IX
All of this innovation, however, brings us back to where we started; Stagnation. While Gold and Silver is our foundational past and Blockchain is our current endeavor, they are both constrained to their environment as is the financial world. While Reaper will have undoubtedly by this point freed many from debt slavery, the whole of quadrillions in debt in our monetary system cannot be wholly addressed by recirculating the same value within it. New value must be added to the system. To solve the world’s problems, we must look beyond our world to the Solar System. The Main Asteroid Belt between Mars and Jupiter contains an estimated 3 quintillion tons of matter while single M-Type asteroids such as Psyche 16 are estimated to contain $700 quintillion dollars in precious metals, or enough to give every person on earth $90 Billion.
Understanding scaling and the challenges involved, we know that the full wealth of these fields will be difficult to realize and to control the impact on human economies. Ascension Mint will plan and deploy ‘Ascension Point’ station, similar to the concept of Point Nemo (the furthest safe distance from civilization on earth where satellites are crashed) Ascension Point will be tidally locked in geosynchronous orbit at the point of least concern for a potential collision with the earth or moon should any craft or cargo lose control of its flight path. Automated Mining Vessels will be limited to 25 square meters of cargo to ensure that should any ship fall to the earths atmosphere the cargo would burn up on reentry and pose minimal risk to the surface.
Ascension Point Station itself will utilize focused solar plasma energy/radiation and near absolute-zero found naturally in space at different exposures to create a space-based refinery and smelting factory, turning the raw materials to bullion and alloys in orbit. The Bullion will be contracted for return to Earth through ground-launch partners, i.e., SpaceX Starship will have a 100 Metric Ton capacity; the value of 100T of gold currently would be roughly $5.2 Billion. This means that while current space-mining operations are largely experimental, economies of scale are very much possible if there is a company that is ambitious, bold, and disruptive enough to take on the task. The sale of the Ascension Mint Orbital-Bullion will be treated in the same manner as the sale of ASC token and with the same distributions, giving nations the ability to re-back their currencies in precious metals, while RPR token gives them the ability to eliminate their debts. This is how we address Quadrillions of Dollars in Global Debt.
PHASE X
Bringing Bullion down to earth for national wealth makes sense, but many of the raw materials collected from asteroids will not be worth the trip as raw material. For this reason and for the love of science, we will transition Ascension Point from a Smelting Refinery into a Manufacturing Hub. Space-Based Manufacturing changes the rules of what is made, from perfect crystal formation and alloy balance due to microgravity to absolute clean rooms due to the natural vacuum of space and cold-fusion welding of raw materials; Ascension Point will look to pioneer the use of space-based manufacturing on an industrial scale. Every technology from semi-conductors to bio-printing stands to benefit from the conversion of Raw Asteroid material into useable space-based industry.
