ASD(BTMX) is the functional token issued by the AscendEX platform. On October 23, 2019, the total supply of ASD(BTMX) was reduced from 10 billion to 787,683,613 tokens, and a unique "Ultra-deflationary" value model was adopted, with 50% of daily ASD(BTMX) consumption being permanently locked as ASDS (previously BTMXS), resulting in a continuously decreasing circulating supply.

Holding ASD(BTMX) entitles users to various platform benefits: Firstly, ASD(BTMX) stakers earn 80% of the platforms daily trading fees through a "staking" mechanism. Secondly, the platform has constructed various utility scenarios around its token ecosystem: holding ASD(BTMX) boosts account VIP levels, reducing trading fees; using ASD(BTMX) to purchase points offers a 50% discount on leverage interest; and ASD(BTMX) can be used to participate in exclusive "auctions" with high return rates. AscendEX aims to achieve shared value creation with its users and partners through ASD(BTMX).

Since May 25, 2021, the AscendEX platform token BTMX was officially upgraded to ASD and underwent its second smart contract address change.

*AscendEX Token (ASD) Latest Smart Contract Address
https://etherscan.io/token/0xff742d05420b6aca4481f635ad8341f81a6300c2
(The latest ASD smart contract was updated on May 25, 2021, Beijing Time)

About AscendEX
AscendEX (formerly BitMax), founded in 2018 by a seasoned Wall Street quant team, serves over 200 countries and regions, supporting more than 190 popular and high-quality assets. The platform is guided by the core values of "efficiency, transparency, and stability" and operates under the philosophy of "leading the industry through product innovation."

AscendEX consistently innovates, launching premium DeFi projects at auction, achieving record-high secondary market returns. It was the first to introduce full-coverage leverage trading for over 50 popular coins. The platform supports contracts for DeFi, Polkadot, Solana, Polygon, and other hot concepts. It has expanded its innovative products to include DeFi mining and lending services, creating an ecosystem encompassing "spot, leverage, contracts, staking, and DeFi mining." According to third-party data, AscendEXs return on investment (ROI) consistently ranks among the top three global cryptocurrency exchanges.

AscendEX prioritizes regulatory compliance and robust risk management. With advanced technology and a high-performance matching system, along with cold/hot wallet separation and deep liquidity provided by leading market makers, AscendEX is committed to delivering valuable services to a wide global user base.

ASD(BTMX) Issuance Information
On October 23, 2019, the AscendEX platform token ASD(BTMX) underwent its first smart contract update, after which the total supply of ASD(BTMX) was reduced from 10 billion to 787,683,613 tokens. 50% of daily ASD(BTMX) consumption is automatically converted into ASDS (formerly BTMXS) and permanently locked, causing the total supply shown at the ASD(BTMX) contract address to decrease continuously.

On May 25, 2021, the AscendEX platform token BTMX was officially upgraded to ASD, and both the ASD(BTMX) (second smart contract update) and ASDS(BTMXS) smart contracts were updated.

*AscendEX Souvenir Token (ASDS) Latest Smart Contract Address
https://etherscan.io/token/0x41be2f5463d8790316e98577cfee823607673bb6
(The latest ASDS smart contract was updated on May 25, 2021, Beijing Time)