ASD (previously called BTMX) is a functional utility token used for internal financial transactions between members of the AscendEX crypto exchange, formerly known as Bitmax.
ASD (previously called BTMX) is a functional utility token used for internal financial transactions between members of the AscendEX crypto exchange, formerly known as Bitmax. Used for internal financial transactions between participants of the AscendEX crypto exchange.
AscendEX is a global digital asset financing platform founded by a group of Wall Street quantitative trading veterans in 2018 and based on the core value of "Efficiency, Sustainability and Transparency".
AscendEx Token (ASD) is the latest version of the API that allows our users to access the exchange programmatically. This is a major reworking of older releases. The AscendEx team has reimplemented the entire backend system to support the AscendEx Pro API. It is designed to be fast, flexible, stable and comprehensive.
AscendEX, formerly known as Bitmax, launched as a new exchange a few years ago. As part of their fundraising, they held an ICO for their own BTMX token.
As is the case with most ICOs, the terms of the release were slightly modified before the release, but nothing like that was expected.
For a while everyone was happy; about 10% of their tokens were given to early investors, and the exchange experienced relative success in the early months. One thing that stood out at the time was the high level of communication from their CEO, George Cao.
ASD (BTMX) is a functional utility token native to AscendEX. ASD (BTMX) token holders are eligible for a higher VIP level and lower transaction fees. ASD (BTMX) can be used in investment products to receive daily rewards, in Point Card to receive a 50% margin discount and in the AscendEX auction.
ASD (BTMX) P is the pending part of ASD Private Sale (BTMX). Users can transfer part of ASD (BTMX) private sale to ASD (BTMX) P for trading. In addition, users can transfer purchased ASD (BTMX) P back to ASD (BTMX) private sale pending release, and these ASDP (BTMXP) will be permanently locked.
The daily consumption of ASD (BTMX) on the platform will be equally divided into two parts. 50% will be locked permanently and the remaining 50% will be used to unlock the ASD Closed Sale (BTMX) pending release.
ASD can also be used to get priority access to new listings on Ascendex and to purchase several cards - Airdrop and Investment, which increase rewards in the form of tokens from project airdrops, as well as under the BitTreasure program.
On AscendEX, users can redeem placed ASDs at any time. Moreover, staking tokens can be used as collateral for margin and futures trading, which gives an incredible scope for the free choice of a trader who is well versed in the DeFi market agenda. When using the ASD staking quota in a margin account as collateral for margin trading, a 10% discount is applied. Allocation of daily staking earnings ASD automatically repays interest on margin debt.
To date, AscendEX has established itself as one of the leading exchanges in terms of IEO return on investment - it has held initial token offerings from projects such as Thorchain, Serum, xDai Stake and many other successful startups. In three years of operation, the AscendEX community has grown to over a million users from all over the world. The development of the DeFi direction and, in particular, all the opportunities for earning money associated with the native token of the exchange provides the platform with a steady flow of new customers who are attracted by the policy of low commissions, or even their absence, practiced on AscendEX. Now the exchange is celebrating its third anniversary and intends to move only forward, offering its users the most effective tools for development in the cryptocurrency market.
Driven by its continuous product development and early-mover advantage in strategic alignment with the DeFi ecosystem, AscendEX offers trading services across over 200 trading pairs across cash, margin, and futures products, in particular margin trading of over 50 tokens in cross-asset collateral mode and futures trading in both cross-asset and isolated margin modes.
Bitmax.io exchange has now been renamed to ascendex.com
AscendEX is a global digital asset financing platform founded by a group of Wall Street quantitative trading veterans in 2018 and based on the core value of "Efficiency, Sustainability and Transparency".
AscendEx Token (ASD) is the latest version of the API that allows our users to access the exchange programmatically. This is a major reworking of older releases. The AscendEx team has reimplemented the entire backend system to support the AscendEx Pro API. It is designed to be fast, flexible, stable and comprehensive.
AscendEX, formerly known as Bitmax, launched as a new exchange a few years ago. As part of their fundraising, they held an ICO for their own BTMX token.
AscendEX is a global digital asset financing platform founded by a group of Wall Street quantitative trading veterans in 2018 and based on the core value of "Efficiency, Sustainability and Transparency".
AscendEx Token (ASD) is the latest version of the API that allows our users to access the exchange programmatically. This is a major reworking of older releases. The AscendEx team has reimplemented the entire backend system to support the AscendEx Pro API. It is designed to be fast, flexible, stable and comprehensive.
AscendEX, formerly known as Bitmax, launched as a new exchange a few years ago. As part of their fundraising, they held an ICO for their own BTMX token.