REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
Ascension Index Lite Paper v3.1, Medium Whitepaper v3.1 and Full Whitepaper v3.1
Ascension Lite Paper
PHASE I – RAIN
ASC Holders Receive Quality XRPL Tokens.
PHASE II – High-Liquidity Layer-One Blockchains
ASC Holders Receive Bitcoin, Ethereum, and other L1 tokens.
PHASE III – Gold and Silver Bullion
ASC Holders Receive Bullion Tokens Redeemable for Precious Metals.
PHASE IV – Homes, Cars, Electronics
ASC Holders Receive Product Accumulations.
PHASE V – Stocks, Bonds, Futures, And Equities
ASC Holders Receive Eligible Equities.
PHASE VI – Ascension Mint
Ascension Becomes an Official Mint of Precious Metals.
PHASE VII – Art and Wine
Ascension Backs Unconventional Assets with Bullion to Benefit ASC.
PHASE IIX – National Collateral
Ascension Mint Offers Tokenized Investment in National Treasures as Collateral for Nations to Earn Interest on Stagnant Treasures.
PHASE IX – Asteroid Mining
Ascension Point Becomes a Transitory Hub for the Mining and Refining of Space-Based Bullion.
PHASE X – Microgravity Manufacturing
Ascension Point Expands from a Refinery to an Industrial Operation.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
Ascension Medium White Paper v3.1
Reaper Financial, and its token RPR (Reaper), were created to help eliminate unproductive, excess XRP ledger tokens and individual holder’s debt, while also rewarding RPR holders with an on-going, passive reward of the digital asset XRP.
Ascension Index, and its token ASC (Ascension), were then created as a sister company to help holders diversify their portfolios. ASC tokens will receive on-going, passive rewards of a variety of assets. This helps the ASC holder to diversify as a hedge against swings in the market. Ascension shares in any increased value among its holders according to the number of tokens held and a protocol described below.
For a more in depth explanation, please see the Ascension Full Whitepaper v3.0, below. Advances in XRP ledger technology allows this model, due to the ledger’s within-seconds fast speed of settlement and very low transaction fees. This allows for fractionalized ownership and speed of both small and large transactions.
There is a voting mechanism for Ascension token holders, going live for Phase 2, which allows them to decide as a community on the ratio of offered asset rewards. Phase 2 is scheduled to begin August 12, 2023, and will be independent and separate from the Reaper Financial voting mechanism.
PHASE I
XRP LEDGER TOKEN REWARDS
Ascension Index offers the token ASC through its parent company, Atum Industries, as a sister company to Reaper Financial.
Ascension mints 1,000,000 new ASC tokens per month, on a schedule that matches other Atum Industries companies and products.
The new ASC tokens are divided into three groups: 1.) 10% is sent to Ascension Development Wallet to be used as discretionary funds and support the long-term sustainability of ecosystem support. 2.) 10% is sent to a third-party company to stake for an opportunity for daily rewards for ASC holders, and 3.) 80% is sold at market in exchange for the digital asset XRP.
So, each month, 100,000 newly minted ASC are sent to Ascension for operations, and 100,000 are sent to a third-party company, StaykX, which offers a mechanism to receive daily passive rewards of a group of pre-approved XRP ledger tokens (called Marshals), directly to the ASC holder’s wallet. Token holders receive the passive rewards from StaykX when they set their trustlines as shown on the Ascension website. Where trustlines are not set, the holder does not receive the daily rewards. The reward is divided according to the number of ASC tokens held and trustlines set. Rewards that do not have a trustline are added to the StaykX daily passive rewards.
The remaining 800,000 newly minted ASC tokens are sold at market in a blind bid/ask format on the XRP decentralized exchange, DEX, in exchange for the digital asset XRP.
The newly acquired XRP is divided into two groups:
1.) 60% as immediate rewards to holders as described below, and
2.) 40% to a permanent fund that pays any interest gained to the holders.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
RAIN
Each month, 60% of the newly acquired XRP is used to market-buy a group of XRPL tokens (Marshal tokens), and sent as rewards to holders who have trustlines set. This is done in a ratio decided by a community voting mechanism. All token holders with trustlines set receive these rewards in the same ratio.
This reward event is called the ‘RAIN’.
Many of the Marshal tokens give the holder additional utility opportunities. For example, there are additional staking opportunities through the rewarded tokens xStik and TRSRY.
PERMANENT RAIN FUND
The remaining 40% of the newly acquired XRP each month is placed in a new ‘Permanent Rain Fund’, owned by the ASC token holders and managed by Ascension Index.
Any interest generated from the fund is added to the RAIN distributed to ASC holders.
In order to help hedge against volatility, if the value of the Permanent RAIN Fund becomes greater than the total market cap of the ASC token, Ascension Index will post a limit buy order equal to the total supply, divided by the XRP denominated balance of the Permanent RAIN Fund. Anyone who chooses to sell would be assured a base XRP denominated value. Any ASC sold in this process will be burnt (destroyed) to preserve the base value by increasing scarcity.
PHASE II
In Phase II, Ascension will begin its own voting mechanism which includes the opportunity to vote for rewards in the form of XRP-wrapped versions of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
Ascension Index is developing the ability to drop unwrapped digital assets such as BTC, ETH, HBAR, XLM and XDC in the future. At that time, our systems would tally ASC token ownership and create distribution spreadsheets much in the same manner as the current RAIN rewards.
Each ASC token will receive a vote, and the Ascension community as a whole will vote on the ratio of RAIN rewards to be distributed to all holders. Each token holder will receive the same ratio in accordance to the community vote and their number of tokens.
Ascension also plans to develop its own multi-chain airdrop platform. This would allow users to have BTC and other primary digital assets deposited directly into their hard wallet or desired safe destination.
PHASE III
In Phase III, Ascension will include the opportunity to receive rewards in physical gold and silver bullion, which has historically been the most reliable store of value in volatile times.
Ascension will issue digital assets (AAU:Gold and AAG:Silver) on the XRP Ledger that will be fully backed and redeemable for 1oz of the respective precious metal. Ascension Index will use the funds allocated towards purchasing these precious metals based on the outcome of the community vote (less 10% for operational fees). Post acquisition and auditing of the physical bullion in our storage facility, Ascension will mint 1 digital token per 1oz of precious metal, and then distribute to ASC Token holders for that Ascension event. ASC Token holders will receive the same ratio of these tokens, in arrears, in accordance to the the number of tokens held at the close of the community voting period. Since these are issued tokens on the XRPL, they can be traded openly on the Decentralized Exchange.
Users will be able to redeem these digital assets for physical bullion by burning 1 (AAU or AAG) token via an Ascension Index Bullion Redemption website. Once the burn is confirmed the user will be routed to our Ascension Mint store to complete the ordering process, where the user will then provide address details and cover the costs of shipping, handling, and insurance.*
This process will ensure a 1:1 digital asset to 1oz of physical bullion, and will be regularly audited to ensure digital asset to precious metal parity.
*User is also responsible for any additional fees and/or customs requirements.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
PHASE IV
In Phase IV, Ascension will include the opportunity to receive rewards towards products being offered by partners such as home builders and auto manufacturers.
As in Phase III, each ASC token receives a vote and the community total vote is calculated, so all ASC token holders receive the same ratio of rewards, according to their total holding of ASC.
PHASE V
In Phase V, Ascension Index will integrate stocks, bonds, futures and equities, if and when they become available in a tokenized form, and where legally permissible. This may be a larger integration plan involving Reaper Financial and the planned River Styx Exchange.
PHASE VI
In Phase VI, Ascension Index plans to develop and launch Ascension Mint for the internal manufacturing of precious metals products. This is intended to be built in the same location as the planned Reaper Financial HQ. This would allow ASC token holders to save fees in manufacturing bullion products, and to create other products using or backed by precious metals.
PHASE VII
In Phase VII, Ascension Mint plans to have the ability to back unique valuable assets, such as rare paintings, with a precious metal peg, giving the owner the option of turning in the art piece for physical bullion.
Some of the most valuable and least-considered asset classes, such as fine art and wine, regularly out-perform the market.
The art piece or valuable asset may be held and then resold by Ascension at a later date. The appreciated value will benefit the ASC holder with the balance of the profit being distributed in the same percentages of the ASC distribution.
PHASE IIX
Monetary gold bullion is held on the balance sheet of nations, but art and specific treasures are not. Yet, many valuable assets belong to nations.
In Phase IIX, Ascension would give an opportunity for nation states to earn interest on national treasures, through the tokenization of such treasures as the Mona Lisa or the Hope Diamond. This would allow individuals to own a fraction as a store of value. In the future, when Reaper Financial enters in its own whitepaper Phase IIX, it could be possible for loans to nations to be backed by this tokenized collateral.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
PHASE IX
The quadrillions in United States dollars worth of debt in the current global system cannot be completely addressed by recirculating the same value. New value is needed for the interest owed on the debt to sustain the fiat system. New value could be added to the global system by going out into the solar system to mine.
The main Asteroid Belt between Mars and Jupiter contains an estimated three quintillion tons of matter, while single M-type asteroids, such as Psyche 16, are estimated to contain $700 quintillion dollars in precious metals.
In Phase IX, Ascension Mint plans to develop, build and ultimately deploy a physical station called ‘Ascension Point’.
Ascension Point Station would orbit the Earth, and allow for a space-based refinery and smelting factory, turning raw materials into bullion and alloys in orbit.
The profit of any Ascension Mint ‘Orbital Bullion’ would be distributed in the same manner as the earlier phases of the ASC distributions.
Nations could use the ASC token to back their currencies with precious metals, while at the same time, the RPR token is used to eliminate their debt. This is a way to address the quadrillions of dollars in global debt.
PHASE X
In Phase X, Ascension Point plans to develop into not just a smelting refinery for precious metals, but also a station for space-based manufacturing.
Space-based manufacturing changes the rules of what can be produced. From the ability to create perfect crystal formation and alloy balance because of microgravity, to absolute clean rooms due to the natural vacuum of space, to cold-fusion welding of raw materials; Ascension Point will look to pioneer the use of space-based manufacturing on an industrial scale.
Products such as semi-conductors, and processes such as bio-printing, stand to benefit from the conversion of raw asteroid material into a useable space-based industry.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
Ascension Full White Paper v3.1
Reaper Financial, and its token RPR (Reaper), were created to help eliminate unproductive, excess XRP ledger tokens and individual holder’s debt, while also rewarding RPR holders with an on-going, passive reward of the digital asset XRP.
Ascension Index, and its token ASC (Ascension), were then created as a sister company to help holders diversify their portfolios. ASC tokens will receive on-going, passive rewards of a variety of assets. This helps the ASC holder to diversify as a hedge against swings in the market. Ascension shares in any increased value among its holders according to the number of tokens held and a protocol described below.
Advances in XRP ledger technology allows this model, due to the ledger’s within-seconds fast speed of settlement and very low transaction fees. This allows for fractionalized ownership and speed of both small and large transactions.
There is a voting mechanism for Ascension token holders, going live for Phase 2, which allows them to decide as a community on the ratio of offered asset rewards. Phase 2 is scheduled to begin August 12, 2023, and will be independent and separate from the Reaper Financial voting mechanism.
Phase I & II
Ascension Index (ASC) is offered by Atum Industries as a sister-company to Reaper Financial, that will operate independently of Reaper Financial’s voting mechanism beginning with Phase II. ASC will inflate by 1,000,000 Tokens per month with a schedule matching other Atum Industries companies and products. 10% of new tokens minted are sent to Ascension dev wallet as ecosystem support, this ensures long-term sustainability. 10% of new tokens minted are sent to a third party StaykX mechanism for earning daily passive income for all RAIN tokens. The remaining 800,000 tokens are sold at market value in a blind bid/ask format on the DEX. 60% of the Ascension funds generated will be used to market-buy the Marshal 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 Marshal Token.
The Marshal Tokens are thereby empowered with unparalleled utility to fight both inflation and stagnation. By possessing a dedicated RPR wallet and Reaping eligibility, the Marshal 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 Marshal 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 Marshal status.
The other 40% of the Ascension funds generated will fund the Permanent RAIN Fund, increasing the base value of ASC while interest generated from the fund, using the upcoming XLS-30d AMM Protocol, will be added to the RAIN distribution. 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 or TRSRY tokens.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
RAIN Fund Asset Backing
If at any time, the value of the Permanent RAIN Fund is greater than the market cap of ASC, Ascension Index will post a limit buy order equal to the total supply of ASC divided by the XRP balance of the Permanent RAIN Fund. Anyone who chooses to sell would be guaranteed a base XRP value. The ASC that is sold will be burnt to preserve the base value. This is a ‘ladder mechanism’ that will ensure a resistance to market volatility.
This intricate and interlocking system improves the stability of the blockchain 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, Ascension Index ensures that the serviced tokens continue to circulate in the ecosystem to a broad audience. Beginning 12 August 2023, Ascension Index will begin its own voting mechanism while including XRP-wrapped versions of BTC, ETH, and LTC. ASC token holders will have the opportunity to earn the ‘Hard-Money’ assets that have best proven their value and staying power in the digital asset space.
Ascension Index is developing the ability to drop unwrapped assets such as Bitcoin, Ethereum, HBAR, XLM, and XDC in the near-term. 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, 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 issuing new digital assets which are pegged to 1 Ounce of respective precious metal. Ascension Aurum ($AAU) will be pegged to 1 Ounce of Gold, while Ascension Argentum ($AAG) will be pegged to 1 Ounce of Silver. Similar to Phase I & II, these digital assets will be part of the Ascension community vote, and generated funds as voted upon will go towards purchasing these precious metals. Ascension Index will charge a 10% maker’s fee for costs associated with maintenance, warehousing, auditing, and ensuring the physical security of the bullion.
Post acquisition of the physical bullion and its safe storage in our facility, it undergoes a precise weighing process. Ascension then mints the respective token ($AAU / $AAG) equivalent to the weight (in ounces) of the acquired. Subsequently, these tokens will be proportionally distributed to ASC Token Holders based on their votes delegated to that digital asset during the previous Ascent.
To redeem physical bullion a customer will log in with their Xaman (Xumm) Wallet and place the desired physical product in their cart. At checkout, the customer will burn digital asset ($AAU or $AAG) equivalent to the physical bullion they are purchasing. The burn transaction serves as a valid receipt while the claimant is only liable for shipping, handling, and insurance fees.* Post validation, the warehouse dispatches physical bullion. A stringent audit follows every dispatch to cross-verify the remaining bullion weight with the digital ledger, ensuring utmost transparency and accuracy.
These revolutionary digital assets backed by the timeless value of precious metals, are not just tokens; they’re a testament to the fusion of ancient value and modern innovation. Through the Ascension ecosystem, we’re setting a new gold standard in the world of decentralized finance.
*Shipping, handling, and insurance will vary and must be paid by the user to complete the redemption and delivery of physical bullion. The user is also responsible for any additional fees and/or customs requirements.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
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.
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 with scaling solutions; Ascension will endeavour to become more than an index. While Reaper Financial and the Bank will focus on debts, loans, and nontangibles, 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 destabilization 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.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
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.
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 endeavour, 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 earth’s 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 reback 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.
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REAPER FINANCIAL LLC
AN XRP LEDGER PROJECT
9900 SPECTRUM DRIVE
AUSTIN, TEXAS 78717
UNITED STATES OF AMERICA
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.
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