- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
AscendEX Token
About AscendEX Token
AscendEX Token (ASD) is the native utility token of AscendEX, an ERC-20 token offering benefits like discounted trading fees, staking rewards, and participation in platform initiatives. AscendEX, formerly BitMax, is a global digital asset trading platform offering spot, margin, and futures trading. ASD is used for trading fee discounts, staking rewards, participation in platform initiatives, and liquidity programs. AscendEX often uses ASD for liquidity programs, rewarding market makers for providing liquidity. ASD was introduced by the AscendEX team, co-founded by George Cao, a professional with extensive experience in traditional finance and the blockchain industry.
*AscendEX Token (ASD)* The AscendEX Token, commonly referred to as ASD, is the native utility token of the AscendEX platform. This ERC-20 based token primarily functions to incentivize platform users by offering a range of benefits such as discounted trading fees, staking rewards, and participating in platform-specific initiatives.
*AscendEX Platform* AscendEX, formerly known as BitMax, is a global digital asset trading platform that offers a variety of financial products including spot, margin, and futures trading. The platform is renowned for its rigorous selection process for listing tokens and its user-friendly interface, ensuring a seamless experience for traders of varying skill levels.
The ASD token finds utility in multiple aspects of the AscendEX platform:
*Trading Fee Discounts:* Holding ASD tokens can offer users reduced trading fees, making it economical for regular traders on the platform.
*Staking:* Users can stake ASD to earn rewards, further incentivizing the holding of the token.
*Participation in Platform Initiatives:* Some initiatives or promotional events on AscendEX might require users to hold or use ASD, which can range from voting rights in token listings to gaining early access to new platform features.
*Liquidity Programs:* AscendEX often uses ASD for liquidity programs, wherein market makers are rewarded for providing liquidity to the platform.