AscendancyFx

Mining commodities electronically

“Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill.

I’m not surprised to see that happening.”

Jim Rickards, American Lawyer, Economist and Investment Banker

Vision

• AscendancyFx is building an E-Currency mining farm using the latest technology, in order to become one of the leading players in the E-Currency market.

• E-Currency like Bitcoin and Litecoin are being mined and exchanged for hard currency ($’s), which is then being reinvested to grow the enterprise.

Intrinsic Value of E-Currency• E-Currencies are a hybrid of three things of which we're all pretty

familiar: a currency, an equity, and a social network.

– The currency part is pretty easy to understand. Someone is offering something for sale like a bike or a month's rent, and they might give you a quote in dollars, yen, or an E-Currency (Bitcoins / Litecoins). The E-Currency basically acts like a currency.

– E-Currencies also have equity-like characteristics in that the value grows as the whole E-Currency ecosystem grows. The value of a bitcoin is up about 500% from this time last year, which is a massive swing for a commodity, but if you think about it as equity in a hot startup, it's not that preposterous when coming off of a low base.

– And most crucially, there's a social networking element to it. E-Currencies are something that are valued because lots of people use them. It's not that different from Facebook. The technology may not have been better than its predecessor (MySpace), but it got many people using it, and suddenly the platform became tremendously valuable.

E-Mining CommoditiesE-Mining is “so called” because it resembles the mining of other commodities: It requires exertion and slowly makes new commodities available similar to the

rate at which commodities, like gold, are mined from the ground.

E-Mining is the process of adding transaction records to the E-Mining public ledger of past transactions. This ledger of past transactions is called the block

chain, which serves to confirm transactions to the rest of the network.

Think of the above in terms of a credit card.The “Block” is the transaction, The “Blockchain” is the statement or Credit Card Company Ledger, and the reward is the 3% commission the credit card company

charges per transaction.

How Mining Works

Mining Advantages / Disadvantages

Advantages Disadvantages

Price of Gold is stable Travel to get to gold (Alaska, South Africa)

Physical Asset Mining season length

Ownership / Claim Fees (up to 20%)

Breakdowns that stop the operation (Dozer / Loader / Wash-plant / Pump)Regulator inspections and shutdowns

Prospecting Required

Dangerous worksite

Number of employees required to run

% of Gold to Acquired acreage (finite)

Old fashioned, low technology

How E-Mining Works

E-Mining Advantages / Disadvantages

Advantages Disadvantages

Multi currency E-Currency volatility

Decreases in mining algorithm difficulty Increases in mining algorithm difficulty

No mining season / weather restrictions Breakdowns (Internet / Electricity outage)

24 hours a day, 365 days a year running

Mining in a population center

Number of employees to run

High technology, easily transferable

No claim

No prospecting required

Team

• Anthony Moore– IT Systems Engineer, architecting hardware and software solutions for

big business (EDS, Labcorp, Northern Electric)

• Dennis Miller– Entrepreneur, specializing in Currency Trading

• Darren Churchill – Operations Manager, delivering operational solutions and software to

big business (Northern Electric, DataTrial)

Team Gaps

• Financial Lead– Will seek advice from Business Adviser Network

• Legal Lead– Will contract locally in the short term

• Accountancy– Will contract locally until the company has grown

enough to hire full time (1 year with investment).

Market SizeE-Currency Market Capitalization (http://coinmarketcap.com/mineable.html)Snapshot as of March 31st 2014

Bitcoin, 12 month historical value

Name Market Cap Price Total Supply Volume (24h)

Bitcoin $5,696,933,403 $452.81 12,581,225 $29,184,720.00

Peercoin $41,473,707 $1.95 21,269,419 $222,716.00

Dogecoin $34,769,211 $0.00 65,415,292,485 $1,910,417.00

Auroracoin $20,226,452 $1.90 10,644,376 $181,231.00

Litecoin $346,943,766 $12.84 27,029,904 LTC $7,981,060.00

Direct / Indirect Competitors

• Direct– Individual CPU and GPU miners (Solo and Pool)

• Indirect– CEX.io– Cloudhashing.com – Individual CPU and GPU miners (Solo and Pool)

Investment / Traction

• $60,000 invested in technology to date, as proof of concept• Initial investment $6,000 October 2013• Second investment $6,000 November 2013• Initial device installed and running February 26th 2014• Secondary device installed and running March 14th 2014• >50% ROI of initial device March 30th 2014 ($3,600)• >20% ROI of secondary device April 4th 2014 ($1,400) • Third investment $48,000 April 2014, for delivery Q3 2014

Future Projection

• With an inflow of investment capital, the business will grow more rapidly and be a major player in the market place, delivering an attractive return to investors.

• If this infusion of capital investment is not obtained, we will continue to invest in emerging technologies, in order to continue the growth of the company. Thus, the business in its current form will continue to grow and provide future profits, albeit at a slower rate.

Financial projections• With $1,000,000 Investment

• With personal ongoing investment    FY 1 FY 2 FY 3 FY 4 FY 5Revenues $300,000 $570,000 $870,000 $1,740,000 $2,480,000.00Direct Expenses $0 $100,000 $100,000 $100,000 $100,000

Gross Profit $300,000 $470,000 $770,000 $1,640,000 $2,380,000

Gross Profit (%) 100.0% 82.5% 88.5% 94.3% 96.0%

Other Expenses $2,000 $10,000 $12,000 $14,000 $17,000

EBITDA $298,000 $460,000 $758,000 $1,626,000 $2,363,000

Depreciation $0 $9,200 $9,600 $10,100 $10,600

Amortization $0 $0 $0 $0 $0

Preliminary Exp Written off $0 $0 $0 $0 $0

Interest Expense $0 $0 $0 $0 $0

Income Tax Expense $104,300 $161,000 $265,300 $569,100 $827,050

Net Income   $193,700 $289,800 $483,100 $1,046,800 $1,525,350

    FY 1 FY 2 FY 3 FY 4 FY 5

Revenues   $1,666,130 $5,204,160 $5,469,290 $5,747,940 $6,040,750

Direct Expenses $130,710 $115,650 $121,530 $127,730 $134,250

Gross Profit $1,535,420 $5,088,510 $5,347,760 $5,620,210 $5,906,500

Gross Profit (%) 92.2% 97.8% 97.8% 97.8% 97.8%

Other Expenses $290,900 $882,000 $958,460 $984,990 $1,041,365

EBITDA $1,244,520 $4,206,510 $4,389,300 $4,635,220 $4,865,136

Depreciation $51,000 $204,000 $306,000 $408,000 $510,000

Amortization $0 $0 $0 $0 $0

Preliminary Exp Written off $0 $0 $0 $0 $0

Interest Expense $165,000 $220,000 $220,000 $220,000 $220,000

Income Tax Expense $360,000 $1,323,900 $1,352,200 $1,402,500 $1,447,300

Net Income   $668,520 $2,458,610 $2,511,100 $2,604,720 $2,687,836

The AscendancyFx process• AscendancyFx will be mining, 24 hours a day, 365 days a year, using the

latest firewall and security hardware provided by Cisco Systems Inc., and software anti virus and anti intrusion.

• E-Currencies will be banked to offline wallets daily.• Weekly a percentage of the E-Currencies mined will be exchanged for cash

and paid into AFX Bank Accounts.• A 20% portion of profits will be assigned to a pool for the improvement of

hardware, and for research and development, such that AFX maintains its lead in the market place by investing in leading edge technologies.

Thanks from AscendancyFxE-Mining is “so called” because it resembles the mining of other commodities:

It requires exertion and slowly makes new commodities available similar to the rate at which commodities, like gold, are mined from the ground.

“Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.”

Jim Rickards, American Lawyer, Economist and Investment Banker

E-Currencies are a hybrid of three things of which we're all pretty familiar: a currency, an equity, and a social network.

http://www.ascendancyfx.comhttp://www.crowdfunder.com/ascendancyfx

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