ASD

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ASD, previously BitMax Token, operates on the AscendEX platform to boost user engagement and platform loyalty. As an ERC-20 token on Ethereum, ASD offers trading fee discounts, staking rewards, and access to exclusive events within the AscendEX ecosystem. Founded in 2018 by Wall Street veterans, AscendEX provides a robust digital asset trading platform featuring 200+ trading pairs, including cash, margin, and futures products. With a total supply of 780,615,274 ASD and a circulating supply of 660,615,274, it is traded across six markets with daily volumes around $1.42 million. ASD's price fluctuates between $0.035 and $0.043 USD. The token supports platform activity, offering payment and settlement options, and aligns with major DeFi projects to advance trading features like cross-asset collateral margin trading. Visit [AscendEX](https://ascendex.com/) for more information.

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FAQ

What is the purpose of the ASD token?

The ASD token serves as the utility token within the AscendEX platform, operating on the Ethereum network. It provides users with various incentives, such as trading fee discounts, staking rewards, and access to exclusive events. By integrating these features, ASD enhances user engagement and fosters platform loyalty, while facilitating efficient payment and settlement processes among participants on AscendEX.

How can ASD tokens benefit users on the AscendEX platform?

Users on the AscendEX platform benefit from ASD tokens through discounted trading fees, which lower transaction costs. Additionally, ASD holders can earn staking rewards, promoting long-term engagement with the platform. The tokens also grant access to exclusive events, and specialized features, enhancing the overall user experience and incentivizing continued use of AscendEX's trading services.

How does ASD compare to other exchange tokens?

Compared to other exchange tokens, ASD is integral to the AscendEX ecosystem, providing unique benefits like trading fee discounts and staking rewards, often found in leading exchange tokens. Its strategic alignment with major DeFi projects and advanced trading features such as cross-asset collateral margin trading set it apart, emphasizing AscendEX's focus on innovation and platform efficiency.

What makes AscendEX and its ASD token relevant in the crypto industry?

AscendEX, leveraging the ASD token, establishes itself as a key player in the crypto industry through its commitment to 'Efficiency, Resilience, and Transparency.' With a wide array of trading pairs and advanced features like cross-asset margin trading, AscendEX integrates seamlessly with DeFi projects, positioning itself as a forward-thinking platform appealing to traders and investors alike.

What are the common issues users might face with ASD, and how can they be resolved?

Users of ASD may encounter common issues such as fluctuating prices or technical difficulties during transactions. To resolve these, users are advised to stay informed about market trends and maintain a diversified trading strategy. Technical issues can typically be addressed by contacting AscendEX's customer support, ensuring all software and applications are up-to-date.

How is ASD used for cross-asset collateral on AscendEX?

ASD tokens are leveraged for cross-asset collateral on AscendEX by using them as part of a collateral basket when trading on margin. This feature allows traders to maximize their capital efficiency, using various digital assets, including ASD, to meet margin requirements, thereby facilitating more flexible trading strategies across diverse financial products offered by AscendEX.

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