we hosted an amazing AMA with AscendEX on the 31th of August
And here we will put some of the best questions:
Q1: Can you please introduce yourself as well as AscendEX ?
AscendEX is a full-stack exchange where you can trade, store, and stake your cryptocurrency. We service over 1 million retail and institutional customers in over 200 countries and the platform is consistently ranked within the top-20 exchanges by Coinmarketcap & Coingecko in terms of volume, and liquidity.
I’ve been working in the cryptocurrency industry for about 7 years now with professional experience in both China & the US ranging from trading, exchange infrastructure, data science, and investing. I started my crypto career working with the Winklevoss twins at Gemini. After about 2 years, I moved to China and worked at FBG Capital to oversee all trading operations including OTC, designated market making, and principal trading. In 2019 I joined AscendEX (formerly BitMax) as the global head of business development. Haven’t looked back since!
Q2: What are the advantages of AscendEX’s Platform?
I would say there are two major advantages of AscendEX…
- Top Performing IEOs:
We host IEOs for some of the industry’s top-performing altcoins, especially in the DeFi ecosystem. For example, return on investment or “all-time ROI” for our IEO’s is over 8,000%. This has made AscendEX immensely popular with altcoin speculators. We’ve done IEO for Thorchain, Serum, xDai STAKE, Terra Virtua, Akash, XPRT, and a bunch of others…
- Maximized Returns on Crypto:
We allow users to extract more value from their token holdings. For example, we have staking, DeFi yield farming, and cross-asset collateral support for ~70 assets. What this means is that you can deposit an asset, for example, USDT, onto the platform. Stake USDT via a lending & borrowing protocol to start earning 8% APR. Then use that USDT as collateral to lever up and go 50x long bitcoin on a perpetual futures contract. No other platform allows you to do all of those things at once, which is why I think we’ve seen lots of users come to the platform recently.
Q3: Please tell us about the goals you want to achieve this year.
The main theme is bridging the divide between centralized finance and decentralized finance. Allowing our users earn more lucrative rewards using all different types of assets.
There are so many cool features in the crypto industry (yield farming, new protocols, etc.) yet many users still have difficulty accessing them — we really want to make it easy for users to do it all from the safety and comfort of the AscendEX platform.
Q4:How do you guarantee users’ asset security?
We have capital reserves to cover any loss of funds that might result from a hack or platform issue. Additionally, we only keep a small % of all assets in “hot” wallets at any given time in order to minimize the amount of crypto that can be accessed by an external threat. Our “cold” wallets (i.e., offline) have restricted access and defense in-depth that require multiple senior members of the AscendEX team to access. This protects against internal threats.
Q5: Recently, AscendEX integrated with TradingView. Congratulations on that. Could you tell us, what benefits have this integration bought to the platform and to its users?
TradingView integration has been really great and brings a ton of value to traders and projects that want to perform in-depth technical analysis for cryptocurrencies. Given how popular TradingView is, the partnership also helps bring a lot of site traffic to AscendEX, which results in more registrations and active users.
Q6: Can you explain more about AscendEX’s ASD Investment Multiple Card? What are the benefits of using this card?
The investment multiple card is a way to boost the APR% earned via staking ASD, AscendEX’s utility token.
Q7: I read that you have recently launched #PerpetualFuturesContracts. What is the leverage available for these contracts that you have recently developed? In what token will they initially be settled? With this development, what benefits will #AscendEX users receive?
Up to 100x leverage. USDT denominated and settled. AscendEX users can post all different types of assets to serve as collateral to borrow against – even staked assets currently earning yield (“APR%”).
Q8: User experience is a very important issue in most projects. Does #AscendEX focus on this? What has #AscendEX done to bring the best user experience, especially to new users?
AscendEX makes it super easy to invest in crypto and also earn as much as possible from your crypto holdings. We support trading for over 200 cryptocurrencies and allow users to generate yield from over 70 cryptos.
Q9: AscendEX is a Crypto exchange, and other exchanges have referral programs, Staking programs, special events and giveaway. How about #AscendEX? Is there any reward for new user? And for your token, could you tell us the benefits of holding your token for long-term?
New users can claim over $200 worth of rewards for signing up for an AscendEX account: https://ascendex.com/en/rewards/task-rewards.
ASD is AscendEX’s utility token – staking ASD gives your daily rewards in USDT and also gives you discounts on trading fees. You can use your ASD to participate in AscendEX IEOs, which have historically proven to be very successful.
And here we will put best questions from our members and AscendEX fans:
Q6) I want to support your project. Tell us more about the Ambassador Program and in what ways can we participate??
Interested in earning commissions by referring friends? Join our Affiliate Referral Program with capped commissions at 20% here: https://bit.ly/3s63rId
Q7) Is your project a local project or a global project ? Can anyone use your services from anywhere in the world? Is there any restrictions of using your service?
AscendEX (formerly BitMax) is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 150 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.
AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.
Q8) Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
Q9) Where can I buy your tokens now. What are your current contracts, and how can I buy them and what are the benefits?
Q10) i have some doubt to trust you. Can you share your telegram, Twitter, website and social link where are we find you next?
And this was the end of our AMA with AscendEX.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://ascendex.com/
Medium :- https://medium.com/ascendex
Twitter :- https://twitter.com/AscendEX_Global
Facebook :- https://www.facebook.com/AscendexOfficial/
YouTube :- https://www.youtube.com/c/AscendExOfficial
Instagram :- https://www.instagram.com/asdxofficial/