AscendEx Price
ASD
How Much is 1 AscendEx (ASD)
Convert ASD to your currency
Last Updated on Dec 23, 2025 03:12 AM
What is AscendEx?
About the coin
ASD, formerly known as BTMX, is the native digital cryptographically-secured utility token of BitMax. It is designed to be used solely as the primary token on the BitMax platform, which is a global digital asset trading platform. Initially issued as ERC-20 standard compliant tokens on the Ethereum blockchain, ASD serves as a non-refundable functional utility token.
Main features
ASD is used as the unit of exchange between participants on BitMax, providing a convenient and secure mode of payment and settlement. It does not represent any shareholding or investment returns and is not intended to constitute securities in any jurisdiction. The token is used to incentivize users to participate in the BitMax ecosystem, with incentives based on trade volume.
How it works
Users can obtain ASD through the Trading Mining model, where they are eligible to receive incentives based on their trade volume. ASD can also be purchased on the exchange under pairs like ASD/BTC and ASD/USDT. The total supply of ASD is capped at 10 billion, with no further increases planned. The token is issued and sold by an affiliate of the Foundation, ensuring its distribution within the ecosystem.
Wallet for AscendEx
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Tangem supports networks for AscendEx
- Ethereum
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AscendEx FAQ
- AscendEx is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Key features include scalability, low fees, and fast processing. AscendEx supports developers and users who need a flexible blockchain environment.
- ASD represents the same asset as AscendEx. The ticker is simply a short label for trading and listing purposes.
- You can buy AscendEx using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
- ASD serves asa multifaceted cryptocurrency within the AscendEX ecosystem, a digital asset financial platform established by Wall Street veterans.
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