AscendEX Lists Leveraged Tokens
Dear users,AscendEX lists the leveraged tokens on May 17 and will launch leveraged token trading services at 12:00 a.m. UTC, May 19. Please stay tuned for the updates.To access this service and begin trading leveraged tokens, users can navigate:PC client: homepage – TRADE – Leveraged TokenApp client (for Android only): Leveraed Token on the homepageIn the crypto landscape, leveraged tokens are an emerging financial product. Newly offered on AscendEX, these tokens are a type of derivative instrument that gives investors increased exposure to the underlying asset or index.The first batch of leveraged tokens being listed on AscendEX include 6 leveraged tokens and 20 trading pairs. Here is a breakdown of the tokens:Leveraged Token3x LeverageLong5x Leverage Long3x Leverage Short5x Leverage ShortBTCBTC3L/USDTBTC5L/USDTBTC3S/USDTBTC5S/USDTETHETH3L/USDTETH5L/USDTETH3S/USDTETH5S/USDTXRPXRP3L/USDTXRP5L/USDTXRP3S/USDTXRP5S/USDTTRXTRX3L/USDTTRX5L/USDTTRX3S/USDTTRX5S/USDTGMTGMT3L/USDT-GMT3S/USDT-APEAPE3L/USDT-APE3S/USDT-Please note:L, short for long, refers to “going long” . S, short for short, refers to “going short”. The numbers 3 and 5 refer to the leverage multiple for a particular token.Learn more about Leveraged Token Trading hereAdvantages of Leveraged Tokens on AscendEX1.Easy-to-operate, No Collateral Required, No LiquidationSimilar to crypto spot trading, there is no liquidation in leveraged token trading. AscendEX offers users an easy-to-use trading experience with Leveraged Tokens without requiring collateral in the Leveraged Token section of the platform.2.Rebalancing to Control Trading RisksThrough dynamic rebalancing, a leveraged Token purchases or sells more of the asset based on the asset’s daily performance to maintain its target leverage and to avoid the risk of liquidation. 3.Automatic Compound Mode and Reducing PositionsIn the case of an upswing in price of the underlying asset , the automatic compound mode supports the purchase of more leveraged tokens using the returns from trading to yield greater returns than margin trading. Stop-loss order will be triggered in batches to automatically reduce the trading size, avoiding liquidation in case of a downswing.Please note:https://ascendex.com/en/support/articles/674801. Leveraged token trading service is not available in AscendEX's App of the 2.7.7 version and below for iOS. Please click on Trade-Leveraged Tokens on the PC terminal if you want to trade leveraged tokens. The service will be supported on the App's next iOS version, please stay tuned to download the latest version.2.Learn more about leveraged tokensOverview of AscendEX's Leveraged TokensFAQs on AscendEX's Leveraged TokensRisk Disclosure: Leveraged tokens are a type of financial product with high risks, which could bring about great returns or losses in a single day. Please make sure that you fully understand the product and associated risks before making an investment. This announcement is for informational and educational purposes only. Readers are advised to conduct their own investment risk assessment before making any purchase decision.Thank you for your continued support.The AscendEX TeamWebsite: https://ascendex.comTwitter: https://twitter.com/Leveraged_TokenTelegram Group: https://t.me/AscendEX_Leveraged_Tokens
Enjin (ENJ) And Efinity (EFI) Are Listed On AscendEX! Trade Now!
DearUsers,AscendEX is thrilled to announce the listing of the Enjin token (ENJ) and the Efinity token (EFI). Details are as follows:ENJ Withdrawal: May 10, 1:00 a.m. UTCENJ EFI Trading: May 10, 1:00 p.m. UTC">Deposit Now ENJ | EFITrade Now ENJ/USDT| EFI/USDTProject Introduction of Enjin (ENJ)Project Introduction of Efinity (EFI)We truly appreciate your continued support.The AscendEX TeamWebsite: https://ascendex.comTwitter: https://twitter.com/_AscendEXTelegram Group: https://t.me/AscendEXEnglish
Trade Animal Concerts (ANML) to Share 30,000 USDT worth of Rewards
Dear users,In appreciation of your support for the Animal Concerts (ANML) project, AscendEX and the Animal Concerts team will kick off a limited-time promotional event. By trading ANML, users will be provided a chance to win a share of 30,000 USDT worth of rewards. Details are as follows:Event Period: May 7, 2:00 a.m. – May 14, 12:00 a.m. UTCEvent One: Daily Trading ChallengeUsers who trade ANML while maintaining a daily trading volume (buys + sells) of at least 200 USDT will be eligible to share in a prize pool worth 20,000 USDT in ANML per their trading volume. See rewards details below.Daily ANML Trading VolumeReward≥1,000 USDT20 USDT worth of ANML tokens for every eligible day(Each user can win up to 140 USDT worth of ANML tokens)≥200 USDT10 USDT worth of ANML tokens for every eligible day(Each user can win up to 70 USDT worth of ANML tokens)Event Two: Trading Volume Rankings ChallengeUsers will be ranked based on their cumulative trading volume of ANML. The top 50 users will be eligible to win an equal share of 10,000 USDT in ANML tokens.Terms and Conditions1.Winners must have a verified AscendEX account to be eligible to claim their rewards.2.Sub-accounts cannot be used as an independent account to participate in this event, but their trading volume will be credited towards their parent accounts.3.One day will be defined from 12 a.m. to 12 a.m. the next day UTC.4.The prize pool of the Daily Trading Challenge is capped at 20,000 USDT and will be distributed on a first-come-first-served basis. Rewards will be first distributed to users with a daily trading volume of at least 1,000 USDT per the rankings of their trading days before being distributed to users with a daily trading volume of at least 200 USDT. With the same number of trading days, users who have a higher trading volume will be given a priority of winning the rewarded.5.Rewards will be distributed to winners’ accounts within 15 days after the conclusion of the events.AscendEX will strictly enforce all the related rules. Any participants found violating AscendEX’s rules, such as the use of duplicate or false accounts, will be removed from the events. AscendEX reserves the final rights to interpret and adjust these Terms and Conditions.Thank you for your continued support!The AscendEX TeamWebsite: https://ascendex.comTwitter: https://twitter.com/_AscendEXTelegram Group: https://t.me/AscendEXEnglish
Project Galaxy (GAL) Is Listed On AscendEX! Trade Now!
DearUsers,AscendEX is thrilled to announce the listing of the Project Galaxy token (GAL) under the trading pair GAL/USDT. Details are as follows:Deposit Deposit NowTrading: May 6, 1:00 p.m. UTC Trade NowProject Introduction of Project Galaxy (GAL)We truly appreciate your continued support.The AscendEX TeamWebsite:https://ascendex.com/Twitter:https://twitter.com/_AscendEXTelegramhttps://t.me/AscendEXEnglish
Animal Concerts (ANML) Is Listed On AscendEX! Trade Now!
DearUsers,AscendEX is thrilled to announce the listing of the Animal Concerts token (ANML) under the trading pair ANML/USDT. Details are as follows:Deposit ">26, 1:00 a.m.Deposit NowTrading: Apr. 26, 1:00 p.m.UTC Trade NowProject Introduction of Animal Concerts (ANML)We truly appreciate your continued support.The AscendEX TeamWebsite:https://ascendex.com/Twitter:https://twitter.com/_AscendEXTelegramhttps://t.me/AscendEXEnglish
AscendEX Announces Primary Listing of MetaShooter (MHUNT)! Trade Now!
Dear Users,AscendEX is thrilled to announce the primary listing of the MetaShooter token (MHUNT) under the trading pair MHUNT/USDT. Details are as follows:Deposit Deposit NowTrading: Apr. 21, 4:00 p.m. UTC | Trade NowProject Introduction of MetaShooter (MHUNT)We truly appreciate your continued support.The AscendEX TeamWebsite:https://ascendex.com/Twitter:https://twitter.com/_AscendEXTelegramhttps://t.me/AscendEXEnglish
Concordium (CCD) Is Listed On AscendEX! Trade Now!
DearUsers,AscendEX is thrilled to announce the listing of the Concordium token (CCD) under the trading pair CCD/USDT. Details are as follows:Deposit Deposit NowTrading: Apr. 8, 1:00 p.m.Trade NowProject Introduction of Concordium (CCD)We truly appreciate your continued support.The AscendEX TeamWebsite:https://ascendex.com/Twitter:https://twitter.com/_AscendEXTelegramhttps://t.me/AscendEXEnglish
WINkLink (WIN) Is Listed On AscendEX! Trade Now!
DearUsers,AscendEX is thrilled to announce the listing of the WINkLink token (WIN) under the trading pair WIN/USDT. Details are as follows:Deposit Deposit NowTrading: Apr. 6, 1:00 p.m.Trade NowProject Introduction of WINkLink (WIN)We truly appreciate your continued support.The AscendEX TeamWebsite:https://ascendex.com/Twitter:https://twitter.com/_AscendEXTelegramhttps://t.me/AscendEXEnglish
Join Upcoming Auction for Primary Listing of Galaxy Blitz (MIT)
Dear Users,AscendEX is thrilled to announce theprimary listing of Galaxy Blitz (MIT) under the trading pair of MIT/USDT. Details are as follows:Deposit: Mar. 22, 1:00 p.m.UTCTrading: Mar. 23, 3:00 a.m. UTCWithdrawal: Mar. 23, 5:00 a.m. UTCProject Introduction of Galaxy Blitz (MIT)ClickOnly)To celebrate the listing ofMarch 23 from1:00 a.m. UTC to 2:00 a.m. UTC.A total of 30,000 MIT will be auctioned between a“Standard” auction with 27,500 MIT“Uncapped” auction with 2,500 MIT.There will be 1,100 winners of 25 MIT in the “Standard” auction, and 100 winners of 25 MIT in the "Uncapped" Auction. Both auctions will be conducted simultaneously and AscendEX users can bid in both auctions with USDT + ASD (or ASDP) to increase their likelihood of winning the auction.Auction results will be announced on March 23 at 3:00 a.m. UTC. Please see below for additional details on each auction.What is ASDP?MIT Standard Auction OverviewMain features of the Standard Auction include price discovery with a minimum and maximum bid amount and participation by bidding25 USDT + up to 120 ASD or 3,000 ASDP. AscendEX users can earn the eligibility to bid for additional MIT based on their trailing 14-day average ASD holdings or trailing 30-day trade volume.winning.Detailed Terms Conditions:1.trailing 14-day average ASD holdings ≥ 10,000 ASDtrailing 30-day trade volume≥ 30,000 USDTtotal allocation of 27,500 MIT.2. The Starting Bid is 25 USDT, indicating a price of $1 per MIT, and the bid cap is 25 USDT +per MIT.3. Each AscendEX user can place bids6 bid itemsresulting in a maximum user allocation of 150 MIT. Please see below for a chart illustrating the details:Trailing 14-day Avg ASD HoldingsCriterionTrailing 30-day Trade Volume (USDT)MaxBid Items≥ 10,000OR≥ 30,0001≥ 20,000OR≥ 60,0002≥ 30,000OR≥ 90,0003≥ 40,000OR≥ 120,0004≥ 50,000OR≥ 150,0005≥ 60,000OR≥ 180,0006Notes:•User’s trailing 14-day average unlocked ASD holdings in Cash Account (excluding ASD holdings under Staking) will be calculated every day from March 9, 12:00 a.m. UTC, 2022 to March 23, 12:00 a.m. UTC, 2023 based on the user’s holding period.••in the Standard Auction.4. The ASD / ASDP bid component of the auction serves as a tiebreaker.120 ASD or 3,000 ASDP. The conversion ratio between ASD and ASDP is 1 ASD = 25 ASDP.5. If there are 120 ASD or 3,000 ASDP), a random draw will be conducted to determine the winners of the auction.6. Any ASD collected from this auction will beresult in ASD release from the private sale portion.MIT Uncapped Auction OverviewMain features of the Uncapped Auction include price discovery with a minimum bid amount and no maximum and participation by bidding 25 USDT + as much ASD / ASDP as you’d like. The auction will close at your bid or better if you are amongst the top 100 best bids. So please bid aggressively to win.Detailed Terms Conditions:1.Uncapped Auction. Uncapped Auction allows participants to bid for the chance to win a tranche of 25 MIT. 100 participants will win the uncapped auction with a total auction allocation of 2,500 MIT.2. The Starting Bid is 25 USDT, indicating a price of $1 per MIT.However, users may also bid as much ASD or ASDP as they’d like to increase their likelihood of winning the auction.3. Each AscendEX user can place multiple bids but can only win a single tranche of 25 MIT in the Uncapped Auction.4. Auction bid priority is (1) ASD / ASDP with the conversion ratio of 1 ASD = 25 ASDP; (2) Bidding Time.5. Uncapped Auction will be closed at the USDT + ASD or ASDP price submitted by100th best bid.The ASD / ASDP bid component of the auction serves as a tiebreaker. For example, those that bid a greater amount of ASD or ASDP will win the auction.In the event that Bids submitted by participants 1 - 99 (i.e., participants willing to pay the greatest value of ASD or ASDP in addition to 25 USDT) may be partially refunded within 2 hours after the auction.6.result in ASD release from the private sale portion.Notes1. From 1:00 a.m. UTCMarch 23, users can place bids in both the Standard and Uncapped auctions. Only USDT, ASD, and ASDP in a user’s Cash Account can be used as payment in the auctions. Users can submit bids multiple times. Once a new bid is submitted successfully, the corresponding amount of additional ASD or ASDP will be deducted from the user’s Cash Account. The last bid outstanding will be deemed as the user’s final bid.2. To increase the likelihood of winning in theStandard Auction, a user should monitor the 1,100th bid closely and submit bids that are greater than or equal to the 1,100th bid. If the Bid Cap is submitted by 1,100 participants, a user can still have their bid being included in a random draw by submitting the Bid Cap.3. To increase the likelihood of winning in theUncapped Auction, a user should monitor the 100th bid closely and submit bids that are greater than or equal to the 100th bid.The Uncapped Auction will close at the USDT + ASD or ASDP price submitted bythe 100th best bid.means that a user can bid an ASD (or ASDP) quantity well above the 100th bid and potentially have their bid partially refunded.The logic of the Uncapped Auction is designed to achieve that all winners will pay the same price;Therefore, a user does not need to be concerned about paying a premium relative to other participants in the Uncapped Auction.4. For users who do not win the bid, their USDT and ASD (or ASDP) bids will be fully refunded within 2 hours after the auctions.5. At the end of auctions, winners need to submit the AscendEX account and auction confirmation code on Galaxy Blitz's23, 4:00 p.m. UTC.6. Bid Item Distribution Window: March- 5:00 a.m. UTC.Eligibility Rules1. Users are required to complete account verification in order to be eligible for participation.2. Users must agree to and sign the MIT Auction Agreement.3. Only users from the jurisdictions where local laws and regulations permit are eligible for participation.4. Eligibility requirements forUncapped Auction: Meet5. Eligibility requirements forStandard Auction: Meet≥ 30,000 USDT.Restricted Countries/RegionsUsers from the following regions areNOTeligible for participation:The United States, Balkans region, Belarus, Myanmar, Côte d'Ivoire, Cuba, Democratic Republic of the Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syrian Arab Republic, Zimbabwe, Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Nepal, Afghanistan, Burundi, Central African Republic, Malaysia, Ethiopia, Guinea, Guinea-Bissau, Lebanon, Sri Lanka, Libya, Serbia, Somalia, South Sudan, Tunisia, Trinidad and Tobago, Ukraine, Uganda, Venezuela, and Yemen.AscendEX reserves the final right to interpret and adjust these Terms and Conditions. For any abusive or suspicious activities, the users will be disqualified from the auction once identified.Thank you for your continued support!The AscendEX TeamWebsite:https://ascendex.com/Twitter:https://twitter.com/AscendEX_GlobalTelegramhttps://t.me/AscendEXEnglish
AscendEX Announces Joint Primary Listing of Token||Traxx (TRAXX)! Trade Now!
Dear Users,AscendEX is thrilled to announce the joint primary listing of the Token||Traxx (TRAXX) under the trading pair TRAXX/USDT. Details are as follows:Deposit: Mar. 18, 1:00 a.m.Deposit NowTrading: Mar. 21, 6:00 p.m. UTC |Trade NowWithdrawal: Mar. 21, 6:00 p.m. UTCProject Introduction of Token||Traxx (TRAXX)We truly appreciate your continued support.The AscendEX TeamWebsite:https://ascendex.com/Twitter:https://twitter.com/AscendEX_GlobalTelegramhttps://t.me/AscendEXEnglish