ASD Price Chart Update [ASD]

The ASD price update as of now is $0.04052. In the previous 24 hours, its trading volume was $1,378,108, and its value has increased by 6.47%. As of now, ASD's live market cap is $30,104,971, and it is ranked as the #868 on the Coincu. ASD has a circulating supply of 742,983,490 and a maximum supply of 742,983,490.

What is AscendEx Token (ASD)?

The AscendEx Token (ASD) serves as the official token of the AscendEX exchange. It acts as the unit of payment and exchange among participants on the platform. According to AscendEX, ASD does not represent any ownership, shares, interests, or parties in any company or business.

Overview of AscendEX exchange

Established in August 2018, AscendEX was formerly known as BitMax, with its token named BTMX before transitioning to ASD. Currently, AscendEX holds a respectable position as the 24th highest liquidity exchange.

One notable feature of AscendEx exchange is the sub-account functionality, allowing users to create multiple accounts using a single email or phone number.

Advantages and disadvantages of AscendEX exchange

Advantages of ASD

• The aim is to become a fully decentralized and user-friendly exchange, with a focus on expanding trading volume and the number of ICO projects.
• AscendEX has garnered strong support from prominent funds such as Bitmain, FBG Capital, GBIC, Matrix Partners, and Danhua Capital, which have significantly contributed to the project's success.
• The Unwind All Positions function enhances the platform's appearance.
• The user interface is user-friendly and comparable to leading exchanges in the market.
• The Margin transaction page provides tooltips for terms like Total Assets, Net Assets, Initial Margin Req, Minimum Margin Req, Current Leverage, and Cushion Rate.
• Information about loans through tokens is displayed on the Margin Trading page.
• The transaction fee ranges from 0.04% to 1%, depending on the user's level.
• The copy trading feature allows for transaction delegation.
• Notably, users can directly withdraw MATIC tokens on the Matic network (Polygon).

Disadvantages of ASD

• The development team has limited experience in floor operation and management.
• There is significant competition due to the large number of products available on the platform.
• The strategy of prioritizing user benefits may yield short-term gains but faces risks and competition from competitors in the long run.
• The trading volume is relatively low, resulting in fragmented order execution and slower price data compared to other exchanges.

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