Established by veterans of Wall Street's quantitative trading scene in 2018, AscendEX is an international financial platform for digital assets, founded on principles of "Efficiency, Resilience, and Transparency."
With a focus on ongoing product development and early strategic moves within the DeFi ecosystem, AscendEX provides a wide array of trading services, featuring over 200 trading pairs that cover cash, margin, and futures products. Notably, it offers margin trading for more than 50 tokens using a cross-asset collateral approach, alongside futures trading in both cross-asset and isolated margin modes.
What is ASD?
ASD is a versatile utility token essential to the ecosystem of a global digital asset financial platform, which was created by experienced Wall Street quantitative traders in 2018. This platform is notable for its dedication to efficiency, resilience, and transparency, carving out a strong presence in the digital finance sector.
ASD is crafted to fulfill a variety of roles, enhancing users' experience on the platform. Token holders can engage in diverse investment products that yield daily rewards, showcasing the platform's innovative strategy to engage its community and promote active participation. Moreover, ASD is employed in Point Card transactions, granting users lower rates on margin trading. This emphasizes the platform's focus on delivering value and minimizing user costs, thereby making trading more accessible.
The platform sets itself apart with a comprehensive range of trading services, supporting over 200 trading pairs. These services encompass cash, margin, and futures products, catering to various trading approaches and preferences. Importantly, it offers margin trading for over 50 tokens using a cross-asset collateral system, as well as futures trading with both cross-asset and isolated margin strategies. This flexibility mirrors the platform's strategic alliance with the DeFi ecosystem and its commitment to ongoing product innovation, securing an advantageous position in the swiftly evolving digital asset market.
When navigating the cryptocurrency and blockchain sphere, conducting thorough research and considering multiple factors is crucial before making any investment choices.
How is ASD secured?
The security of ASD, a digital asset, is ensured through a comprehensive approach that blends technological and operational safeguards to protect users and their holdings. Central to its security framework is blockchain technology, which guarantees transaction transparency and immutability while bolstering defenses against unauthorized access and fraud.
ASD employs robust authentication methods to reinforce security, thoroughly verifying user identities to ensure that only authorized individuals can access their accounts. This critical layer of protection prevents unauthorized entry and secures users' data and assets.
Additionally, cryptographic key vaulting is a vital component of ASD's security structure. This involves securely storing and managing cryptographic keys, which are crucial for accessing and managing digital assets. By employing strong key management practices, ASD reduces the risk of key theft or loss, thereby protecting users’ assets from potential breaches.
Further, ASD's dedication to security is demonstrated by its use of secure and audited smart contracts. These contracts undergo rigorous audits to identify and fix any vulnerabilities, ensuring their reliability and the safety of transactions processed through them. Emphasizing decentralization and self-custody further strengthens security by allowing users to control their assets without relying on centralized entities, reducing centralized failure risks and promoting a secure and resilient environment.
AscendEX, the platform behind ASD, upholds values of efficiency, resilience, and transparency. Through constant product enhancement and strategic partnerships within the DeFi ecosystem, AscendEX provides a secure and transparent trading space for its users. Users should thoroughly research and understand the risks involved before investing in digital assets.
How will ASD be used?
Within the AscendEX ecosystem, ASD functions as a multifaceted cryptocurrency, utilized in various innovative ways to improve user experience and platform operations. The platform, founded by Wall Street veterans, is well-regarded for its efficiency, resilience, and transparency.
A primary use of ASD is facilitating membership upgrades on the AscendEX platform. Token holders can use ASD to unlock enhanced features and benefits, enriching their trading experience. This utility reflects the platform's dedication to providing value, rewarding users for their engagement and investment in the ecosystem.
ASD is also key to the platform's diverse trading services. AscendEX offers a wide array of pairs for trading, covering cash, margin, and futures products. ASD plays an integral role in these activities, especially in margin trading of numerous tokens and futures trading, which supports both cross-asset and isolated margin modes. This adaptability underscores the token's significance in enabling varied and sophisticated trading strategies.
Beyond its use within the AscendEX platform, ASD's potential includes supporting multiple projects across different Special Interest Groups (SIGs), such as Providers-SIG, Deployments-SIG, and Economics-SIG. These groups aim to craft detailed specifications for their respective fields, expanding upon high-level specifications outlined by the GPU-SIG. This collaborative effort highlights ASD's role in fostering and executing innovative solutions across the broader ecosystem.
Before engaging with cryptocurrencies like ASD, individuals should conduct comprehensive research and consider their investment objectives and risk tolerance. The ever-changing digital asset landscape requires a careful and informed approach to investment and participation.
What key events have there been for ASD?
Several significant events have shaped ASD's journey within the digital asset realm, highlighting its growing role and integration into the crypto ecosystem. The ASDToken Blockchain Conference in Las Vegas was a notable milestone, bringing together enthusiasts, developers, and investors to explore blockchain technology's potential and focus on ASD's role within these frameworks.
Additionally, the CCD & ASD Ask Me Anything (AMA) session facilitated direct interaction between the community and the project developers. This engagement provided valuable insights into the project's roadmap, updates, and strategic goals aimed at boosting ASD's utility and adoption.
The AscendEx Telegram AMA with RadixDLT marked another key event, showcasing collaborative efforts within the blockchain community. This session underscored the synergy between ASD and other projects, exploring possibilities for integration and shared growth.
AscendEX, the platform linked with ASD, has become a significant player in digital asset finance since its 2018 inception by Wall Street quantitative trading veterans. With an emphasis on efficiency, resilience, and transparency, AscendEX has achieved substantial growth through ongoing product development and strategic DeFi ecosystem alignment, offering a wide variety of trading services. These include over 200 trading pairs across cash, margin, and futures products, with notable offerings like margin trading for over 50 tokens in a cross-asset collateral mode and futures trading in both cross-asset and isolated margin modes.
These developments and the platform’s consistent evolution highlight ASD's dynamic nature within the broader cryptocurrency and blockchain context. They reflect the ongoing efforts to augment its utility, broaden its adoption, and enhance its value for the digital asset community.
