AscendEX, also known as BitMax is a worldwide cryptocurrency exchange platform that offers its users a variety of products to suit their blockchain needs. These products cut across futures, margin, and spot trading, as well as staking opportunities with the support of over 150 blockchain-based platforms. Currently, the platform is a major service provider for more than one million institutional and retail clients all over the world.
Over the years, since its creation, the AscendEX platform has consistently emerged as the top platform based on the ROI delivered by its initial exchange offering. The platform has been able to achieve this feat through support by a series of major Defi facilitators including Serum and Thorchain. These projects, as well as the users also enjoy special access to the network’s token airdrops, as well as the ability to purchase tokens at the earliest stage possible.
While offering the users these special opportunities, the AscendEX platform also makes several additional provisions to the world of blockchain as a whole by providing the Defi platform with several top-tier blockchain applications which are geared toward the improvement of blockchain-based transactions as a whole.
Who are the Founders of AscendEX (ASD)?
The AscendEX platform, while it was still known as BitMax, was co-founded by George Cao and Ariel Ling. While Cao and Ling are partners on the platform, they also both hold executive seats at the table.
Cao is a well-read and experienced professional with a skill set that cuts across several fields, some of which are completely unrelated to cryptocurrency or blockchain technology at large. He has obtained a few degrees in his life and his most recent is a Ph.D. in Computer Science from the University of Chicago, following his exploration of the world of blockchain technology. Currently, he serves as the CEO of AscendEX and has raised over $500,000 while in service for the company. Before founding the AscendEX platform, Cao worked at the Whitestone Investment Fund and serves as one of its managing partners.
Ling, on the other hand, took a different life route. She also obtained several degrees with the first being a bachelor’s degree in business administration from Nankai University, then she moved on to the University of Georgia and earned a master’s in mass communication. Later she went to the NYU Stern School of Business and obtained another master’s degree in finance. Before the establishment of the AscendEX platform, she worked with several companies in several capacities. For starters, she took a job, upon the completion of her master’s degree as the Vice President, Head of business at the Commerzbank, AG. Later she became the regional head of business development and chief operating officer at the same company. Ling then moved on to become the CEO of Bithumb Future and now, she serves as the COO of AscendEX.
What is AscendEX (ASD) used for?
The AscendEX platform is essentially a global financial platform for digital assets that was established by a collection of Wall Street professional trading veterans who saw the need to capitalize on the lack of transparency, efficiency, and resilience in the blockchain industry. The platform is given by its non-stop product development, as well as early-adoption advantages in its strategic alignment with the Defi space. The platform provided a trading service supporting over 200 trading pairs which cut across futures, margin, and cash products. To be exact, margin trading of more than 50 tokens in cross-asset collateral mode. Additionally, isolated margin modes and futures trading in both cross-assets are also available.
What Is the Unique Point of AscendEX (ASD)?
The ASD token is a non-refundable functional utility token that was purely designed to be used as an exchange unit for participants on the network who require exchange services. The main strong point it has had since its introduction is the convenience and security it has managed to provide as a mode of settlement and payment between the network participants who interact with each other within its ecosystem. The platform does not have any distinct features of a shareholding platform, right, participation of any form of the enterprise undertaken. The platform, according to its road map, also stated that users are not entitled to any dividends, profits, or return from investment to improve the securities in its jurisdiction.
Initially, when the ASD platform was still known as BitMax, it was designed to be purely used within the network, but its rebranding changed several features of the token and now it can be used outside its ecosystem because of the value attached to it. Additionally, the token will also serve as a form of economic incentive to specific types of participants on the network. On the other hand, users that are not active network participants are completely exempted from these advantages.
How many AscendEX (ASD) coins are in circulation?
The AscendEX platform has its total supply pegged at 743,000,000 tokens, and unlike most of the tokens available in the world, even as old as the ASD token, it is almost completely circulated. Presently, the token has a circulation supply of 740,000,000 tokens.
Holding the tokens also implies that participants are entitled to some fee discounts on transactions within the network and staking opportunities.
Is the AscendEX (ASD) Network secured?
Within the time that the AscendEX was popularly known as BitMax, it was established as an ERC-20 Token, implying that it was essentially following the same security protocols as the broad Ethereum blockchain.
The nodes on the network are required to protect it from malicious activities through its dedicated proof of stake consensus algorithm. The system follows a process where nodes are required to validate transactions before they are added to the blockchain and also, the nodes with the highest stakes also have the most say on the platform thus making sure that it’s safe because their tokens are tied to its safety.
How do I buy AscendEX (ASD)?
The creators of the AscendEX basically saw an opportunity to make a difference in the world of blockchain technology, and considering how far its tokens have traveled and the advantages they have brought forth for their users, they have achieved just that. As seen from its circulating supply, the total supply of ASD tokens is about to hit its maximum and because of that many people are trying hard to get their hands on its tokens. The ASD Token can be purchased by the following steps.
● Create an account and deposit an amount to the crypto trading platform.
● Purchase ASD tokens on the platform.
The PTPWallet platform supports many cryptocurrencies simultaneously such as AscendEX (ASD). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their ASD wallet because it offers a simple and interactive interface making it easy for people to navigate its system.