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Is the ASCAND technically inferior? How can you offer it at such a low price?

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The ASCAND is technically on-par or better than most products that are costing 100s or 1000s of dollars.
The most expensive pieces of an advanced 3D-scanner are the cameras and the computing power it takes to process the scan.
Since the ASCAND is using the advanced camera of your smart phone and the computing power provided by the cloud, it takes the most expensive parts out of the equation.