Crypto Army AMA Recap

9 min readMar 28, 2023

Greetings to all bulls! We are happy to announce that today’s AMA with Crypto Army was a complete success, @AscentBull was on fire and revealed some juicy information about Ascent.Exchange and the launch that is getting closer!

Take a look at the AMA transcript to see for yourself:

@MichaelSmith46: @ascentbull are you ready ?

@AscentBull: Lets go 🔥

@MichaelSmith46: Now we will move to our introductory segment.

1. introduce your self and the team behind ascent exchange

@AscentBull: We are a well oiled team with years of Defi Experince.

I have worked, started, and advised many top tier Defi Projects across the blockchain. I’ve been in the crypto space for about 10 years and have been full time in the industry for 3 years.

Our team consists of our CTO, Front End/Backend/Dev Ops Developers.

We have a full time marketing and PR agent to build graphics, write articles, and promote Ascent.

Our community management team works 24/7 across Telegram & Discord & Twitter.

@MichaelSmith46: Your experience is too good in crypto!

So here is my second question from introductory segment

2. what is ascent exchange and what does it hope to accomplish

@AscentBull: Ascent Exchange is a decentralized exchange (DEX) built on the Polygon network, focusing on providing innovative solutions for liquidity management and token incentives. The primary goal of Ascent Exchange is to create a secure, efficient, and user-friendly platform for swapping tokens and managing liquidity on the Polygon network.

Ascent Exchange aims to accomplish the following: 👇

💧Enhance Liquidity Management: By introducing the ve(3,3) model, Ascent Exchange offers a unique approach to managing liquidity and token incentives. This model encourages long-term liquidity provision and ensures a more stable and robust trading environment for users.

🤑Optimize Token Incentives: Ascent Exchange uses a combination of $AEX token incentives and aeNFTs to reward liquidity providers and users who participate in the platform’s ecosystem. This approach creates a sustainable and attractive incentive system for both short-term and long-term participants.

👨‍❤️‍💋‍👨Foster Community Engagement: Ascent Exchange prioritizes community engagement and interaction by continuously seeking feedback from users and implementing community-driven features. This approach ensures that the platform’s development aligns with the needs and expectations of its user base.

🦸‍♂️Support the Polygon Ecosystem: Ascent Exchange is dedicated to contributing to the growth and development of the Polygon network by providing a reliable platform for trading and liquidity management. The exchange aims to attract more projects and users to the Polygon network, ultimately benefiting the entire ecosystem.

In summary, Ascent Exchange’s primary objective is to create a cutting-edge decentralized exchange that offers an enhanced user experience, innovative incentive mechanisms, and robust liquidity management on the Polygon network.

@MichaelSmith46: So here is my next question from introductory segment

3. tell us about the $AEX tokenomics

@AscentBull: $AEX is the core token used to support Ascent Exchange. For a full description of our Tokenomics i encourage you to read our documentation here: https://docs.ascent.exchange/

incentives: $AEX is used as a reward for liquidity providers and users who participate in the platform’s ecosystem. By staking $AEX tokens or providing liquidity to eligible pools, users can earn additional $AEX tokens as incentives, which can be claimed at the end of each epoch.

Governance: $AEX tokens also serve as governance tokens for Ascent Exchange. Users can stake their $AEX to receive veAEX (vote-escrowed AEX) tokens, which grant them voting rights on proposals and platform upgrades. This mechanism ensures that the community has a say in the future development of the platform.

Bribing Marketplace: The Ascent Exchange ecosystem features a Bribing Marketplace, where users can deposit whitelisted tokens as bribes on gauges to influence veAEX holders’ votes and increase the $AEX emission on a particular pool. This permissionless marketplace allows for dynamic liquidity management and incentive distribution.

aeNFTs: Alongside $AEX tokens, Ascent Exchange also utilizes aeNFTs as part of its incentive mechanism. These non-fungible tokens grant holders various benefits and rewards within the platform, adding an extra layer of utility and value to the ecosystem.

@MichaelSmith46: I think behind this project you were did lots of work and hardwork.

@AscentBull: Our model is used with other highly successfully protocols. veAEX token holders can expect over 100% APRs earned via Rebases, Trading fee distribution, and bribes. We aim to redistribute over $200,000 in weekly value back to our token holders 🔥

@MichaelSmith46: So here is my second last question from introductory segment

4. How can i buy $AEX

@AscentBull: We are going to host a NFT sale to jump start the Ascent Exchange Ecosystem!

Our NFT also known as aeNFT (Ascent Exchange NFT) will be a limited edition, AI Generated Polygon NFT which includes a massive utility and tremendous value to the holders.

✅By purchasing an aeNFT you earn up to 20% of the weekly trading fees in MATIC.

✅ You earn a massive airdrop at the start of $AEX token emissions which is nearly the value of the NFT

✅There is a 3% royalty fee to trade the aeNFT on secondary market places. NFT holders will earn this 3% as a weekly dividend.

✅You will join an exclusive club of aeNFT holders.

After the aeNFT sale, you can buy $AEX tokens from our exchange. Simply swap matic or any other supported token to $AEX.

We estimate a 65% APR for aeNFT holders in addition to any increase in value on the secondary market.

@MichaelSmith46: So here is my last question from introductory segment.

5. Is there any way to get rewarded as a community member or ambassador of Ascent Exchange?

@AscentBull: Yes!

We have a number of campaigns running at the moment.

1. $2,000 Launch Gleam Giveaway: https://twitter.com/AscentExchange/status/1638622773479378945?s=20

2. Our influencer + ambassadors program is opening soon. Earn Weekly rewards for your hard work promoting Ascent: https://twitter.com/AscentExchange/status/1639062551584727040?s=20

3. Join our Crew3 to complete quests and sprints to earn prizes! https://crew3.xyz/c/ascentexchange/questboard

We know that the community is EVERYTHING for a Defi project to be successful so we want to put everything we have back into supporting our community ❤️

@MichaelSmith46: So we have completed our introductory segment now we will move to our next segment Twitter.

So here is first question from Twitter side.

Q:1Do you have a white paper? If yes, please share it as a second token project. Do you have a pre-sale plan? Where can we join now?And what are the benefits of this white paper?

@AscentBull: You can check our docs page for all information regarding the project. 👉https://docs.ascent.exchange/

The presale is going to be our aeNFT sale. Refer back to this message https://t.me/thcryptoarmy/219237 😁

@MichaelSmith46: Good point, Go and join guys.

So here is second question from Twitter side.

Q:2How does the ve(3,3) model work and why do you think its the best tokenomics/fee-sharing model for ascent exchange?

@AscentBull: Great question 😁

The ve(3,3) model, inspired by the Olympus Pro framework and popularized by OlympusDAO, combines two core concepts:

ve (vote escrowed): Encourages token holders to lock their tokens for a certain period of time, reducing selling pressure and increasing token scarcity. In return, locked tokens grant governance rights and other benefits.

(3,3): This refers to a game theory representation of Nash equilibrium in the prisoner’s dilemma, where both actors choose the option that is best for all. In the context of Ascent Exchange, this means creating an ecosystem where participants are incentivized to act in ways that benefit the entire community.

Ascent Exchange believes that the ve(3,3) model is the best tokenomics and fee-sharing model for several reasons:

1️⃣ Long-term alignment: By encouraging users to lock their tokens, the model promotes long-term commitment and alignment of interests between token holders, the platform, and its users.

2️⃣Incentivized participation: The model offers various rewards for participants, such as governance rights, revenue sharing, and increased incentives for liquidity provision. This helps attract and retain users while also ensuring the platform’s growth and success.

3️⃣Sustainable growth: By distributing incentives and revenue through a balanced mechanism, the ve(3,3) model ensures sustainable growth for Ascent Exchange while reducing the risk of short-term speculation and price manipulation.

4️⃣Adaptability: The model’s flexibility allows for adjustments to the fee structure and incentives over time, enabling Ascent Exchange to remain competitive and responsive to market changes.

Overall, the ve(3,3) model provides Ascent Exchange with a robust and sustainable foundation for growth, ensuring long-term value for its users and community

@MichaelSmith46: Hope this exchange on tops in coming days

@AscentBull: tldr lock your tokens, earn fees, relock, earn more fees. Its a flywheel of capital

@MichaelSmith46: It’s great opportunity for our investors, So here is next question from Twitter side

Q:3what is your strategy to engage community members and spread awareness about Ascent Exchange? Will you launch a ambassador program?

@AscentBull: Engaging the community and spreading awareness about Ascent Exchange is a top priority for us. We have devised a multi-faceted strategy to achieve this:

Social media presence: We maintain an active presence on various social media platforms such as Twitter, Telegram, and Discord to share updates, announcements, and interact with the community. Regular engagement through these channels helps us keep the community informed and involved.

AMAs and events: Ascent Exchange participates in Ask-Me-Anything (AMA) sessions and hosts events with different blockchain communities and influencers. These activities facilitate direct interaction with the community, allowing us to address their questions, concerns, and feedback.

Educational content: We create and share informative content such as blog posts, articles, and videos to educate users about Ascent Exchange’s features, benefits, and updates. This helps users better understand our platform and its value proposition.

Partnerships and collaborations: Ascent Exchange actively seeks partnerships with other projects and platforms in the blockchain space. These collaborations help expand our reach and bring new users to the platform.

Ambassador program: We are considering launching an ambassador program to further expand our community outreach. Ambassadors would play a vital role in promoting Ascent Exchange within their networks and local communities, helping to drive awareness and adoption.

By implementing this comprehensive strategy, Ascent Exchange aims to build a strong, engaged, and supportive community that actively contributes to the project’s growth and success.

aaaand be sure to join our contests here https://t.me/thcryptoarmy/219246

We are slowly opening everything up

@MichaelSmith46: So here is second last question from Twitter side

Q:4Are there any interesting events for the Ascent Exchange community? Like airdrop or giveaway?

@AscentBull: Yup — https://t.me/thcryptoarmy/219246 , Check those out

Also join our Discord. We’ll be hosting daily giveaways, events, contests, and more to get our community growing and engaged. It’s a good day to be an Ascent BULL

Discord: https://discord.gg/6VE2PGZFzR

@MichaelSmith46: Go and join discord it’s all provide lots of opportunities

Q:5Security and anonymity are always prioritized by Blockchain projects in the development of project platforms and technologies. So, does Ascent Exchange have any solutions or plans to enhance user trust in these issues?

@AscentBull: Security and anonymity are indeed crucial aspects for any blockchain project. Ascent Exchange recognizes the importance of these factors and has implemented various measures to enhance user trust:

🏦Smart contract audits: Ascent Exchange ensures that its smart contracts undergo thorough auditing by reputable third-party auditors. This helps identify and mitigate potential vulnerabilities and risks.

👨‍💻Open-source code: The project’s code is open-source, allowing for transparency and community review. This helps build trust in the platform as users and developers can scrutinize the code and verify its security.

🦊Secure integration with wallets: Ascent Exchange integrates with secure and trusted wallets such as MetaMask, ensuring that users’ assets are safely managed and transactions remain protected.

㊙️Anonymity: Ascent Exchange leverages the privacy features inherent in blockchain technology, enabling users to transact pseudonymously while maintaining their privacy.

🔄Ongoing security enhancements: The Ascent Exchange team continually monitors the platform and implements security improvements to safeguard user assets and maintain a secure trading environment.

By focusing on security and anonymity, Ascent Exchange aims to build a trustworthy and reliable trading platform where users can confidently conduct transactions and interact with the platform.

All of the code used by Ascent has been battle tested, audited multiple times, and will be open source and available for anyone to read.

Not only will we have prelaunch audits completed BEFORE we launch, we will also add audits as we go to ensure top tier security is held.

Security is everything and safu funds is the priority. You can feel comfortable that only YOU have access to any crypto on Ascent.

@MichaelSmith46: I think security is main thing for investors

@AscentBull: Rugs and exploiters should be jailed. We are building a fair and transparent exchange for Polygon.

@MichaelSmith46: So we have completed all our segment and thank you spent time in crypto army and best wishes for your project send all your project social links we will pin here .

@AscentBull: ⭐️Official Links: https://link3.to/G6BQT88S

🌐Website: https://ascent.exchange/

👾Discord: https://discord.gg/6VE2PGZFzR

🐥Twitter: https://twitter.com/AscentExchange

🤳Telegram: https://t.me/ascentexchange

📯 Telegram Announcement: https://t.me/ascentann

🗞Medium: https://ascentexchange.medium.com/

💶Docs: https://docs.ascent.exchange/

@MichaelSmith46: Must join all these links

@AscentBull: I have a special treat for the community

1. Join our Discord Discord: https://discord.gg/6VE2PGZFzR

2. Go to the Crypto Army Channel under Bull Pen