What happens to yor equipment if you ascend and have a full inventory? Does it just disapear, get dropped on the ground? was just wondering if anyone as experiencedthis yet.
You will get a pop up warning saying you dont have enough space
No, everything remains, and all equipped items become unequipped and replaced with basic starting gear.
You don’t lose anything.
Ok cool…that would be terrible if you were so excited about ascending and didnt prepare your inventory and then POOF! All gone.
Therein lies the reason behind it. 
I did my first ascension last week with a full inventory on iPhone. I got an error that said inventory is full, and I wasn’t permitted to ascend… Basically, the game froze. I had to reboot the game, clear inventory, then I was permitted to ascend.