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View ChartASD, also known as the AscendEX Token, is the native utility token of AscendEX, a global digital asset financial platform founded in 2018 by a team of Wall Street quantitative trading veterans. Originally launched under the name BitMax Token, the token and platform were rebranded to AscendEX, reflecting the exchange's evolving identity and expanded service offerings. ASD is an ERC-20 token built on the Ethereum blockchain, meaning it leverages Ethereum's established infrastructure for transaction processing, security, and smart contract functionality.
The token plays a central role within the AscendEX ecosystem, which provides trading services across more than 200 trading pairs spanning cash, margin, and futures products. ASD holders can access benefits such as discounted trading fees, staking rewards, and participation in various platform initiatives. With a total supply of approximately 780.61 million ASD and a circulating supply of roughly 660.61 million, the token has a fully diluted valuation in the range of $2.96 million to $3.11 million. The token launched on May 15, 2021, and remains an active part of the AscendEX platform's operations.
ASD is the native token of AscendEX, a platform founded in 2018 by a group of Wall Street quantitative trading veterans. The co-founder most prominently associated with AscendEX is George Cao, a professional with extensive experience in both traditional finance and the blockchain industry. Under his leadership and alongside a diverse team of professionals from fields such as finance, technology, and business, AscendEX has grown into a global digital asset trading platform.
The founding team's background in quantitative trading on Wall Street has influenced the platform's emphasis on efficiency, resilience, and transparency — core values that AscendEX states guide its operations and product development. While George Cao is one of the most recognized figures behind the project, the platform benefits from a broader team with expertise spanning multiple disciplines.
ASD operates as an ERC-20 utility token on the Ethereum blockchain. Its functionality is deeply integrated into the AscendEX platform, where it serves multiple purposes within the exchange's ecosystem. The token leverages Ethereum's smart contract capabilities to facilitate transparent and immutable transactions, ensuring that all ASD transfers and related operations are recorded on-chain and verifiable through the Ethereum network.
On the AscendEX platform, ASD functions as a central element of the user incentive structure. Holders can stake their tokens to earn rewards, receive discounts on trading fees, and participate in promotional events and platform initiatives. The token is also used in liquidity programs, where market makers are rewarded for providing liquidity, and in Point Card transactions that offer discounted rates on margin trading. Additionally, ASD is utilized in various investment products where holders can earn daily rewards, demonstrating the platform's approach to engaging its community and incentivizing participation.
ASD derives its value from its integral role within the AscendEX platform, which distinguishes itself through a rigorous token listing selection process and a user-friendly interface designed to accommodate traders of varying skill levels. The platform's early-mover advantage in strategic alignment with the DeFi ecosystem has positioned it as a notable player in the digital asset space, and ASD serves as the primary utility token that connects users to these services.
The token's value proposition is further reinforced by the range of benefits it offers to holders, including trading fee discounts, staking rewards, and access to platform initiatives such as voting rights in token listings and early access to new features. AscendEX's support for margin trading of over 50 tokens in cross-asset collateral mode and futures trading in both cross-asset and isolated margin modes adds further utility to the ASD token. The platform's foundation on core values of efficiency, resilience, and transparency also contributes to the token's positioning within the broader cryptocurrency market.
ASD serves several practical functions within the AscendEX ecosystem. One of its primary uses is providing trading fee discounts — users who hold ASD tokens can enjoy reduced fees when trading on the platform, making it more economical for active traders. Staking is another key use case, allowing users to lock up their ASD tokens to earn rewards, which incentivizes long-term holding and reduces circulating supply.
Beyond fee discounts and staking, ASD is used in various platform initiatives and promotional events. These can include voting rights in token listing decisions, early access to new platform features, and participation in exclusive programs. The token is also employed in liquidity programs, where market makers receive ASD rewards for providing liquidity to the platform. Additionally, ASD is integrated into investment products that offer daily rewards to holders and is used in Point Card transactions that provide discounted rates on margin trading, further expanding its utility across the AscendEX platform.
The ASD ecosystem is centered around the AscendEX platform, which has been continuously developing its product offerings since its founding in 2018. The platform supports over 200 trading pairs across cash, margin, and futures products, with margin trading available for more than 50 tokens in cross-asset collateral mode. Futures trading is offered in both cross-asset and isolated margin modes, catering to different risk management preferences among traders.
AscendEX has pursued strategic alignment with the DeFi ecosystem, which represents a key direction for its ongoing development. The platform's rebranding from BitMax to AscendEX marked a significant milestone in its evolution, signaling an expanded vision for its role in the global digital asset market. The token's inclusion in various investment products and liquidity programs reflects the platform's innovative approach to engaging its community and incentivizing participation. ASD continues to trade on multiple active markets and is listed across various price-tracking platforms, indicating an ongoing presence in the broader cryptocurrency ecosystem.
ASD cannot be mined in the traditional sense because it is an ERC-20 token built on the Ethereum blockchain, which itself has transitioned away from proof-of-work mining. Instead of mining, users can acquire ASD through trading on supported platforms or earn it through participation in the AscendEX ecosystem.
The primary way to earn ASD passively is through staking. Users can stake their ASD tokens on the AscendEX platform to earn rewards, which incentivizes holding and long-term participation. Additionally, ASD is distributed through liquidity programs where market makers are rewarded for providing liquidity, and through various investment products that offer daily rewards. Participation in platform initiatives and promotional events may also provide opportunities to earn ASD tokens. These mechanisms collectively create avenues for users to accumulate ASD without traditional mining.
Keeping ASD tokens safe requires a combination of secure storage practices and awareness of best security practices. Since ASD is an ERC-20 token on Ethereum, it can be stored in compatible wallets, including hardware wallets, software wallets, and web wallets that support ERC-20 tokens. Hardware wallets are generally recommended for long-term storage as they keep private keys offline and protected from online threats. For tokens held on the AscendEX platform, users should enable all available security features, including strong authentication methods that verify user identity and ensure only legitimate users can access their accounts.
AscendEX employs a multifaceted security approach that integrates technological and operational measures. Blockchain technology itself plays a pivotal role by ensuring transparency and immutability of transactions, enhancing resilience against unauthorized access and fraud. The platform has received a CertiK rating of 3.4, reflecting an independent assessment of its security posture. Users should also follow general best practices such as using unique passwords, enabling two-factor authentication where available, being cautious of phishing attempts, and conducting thorough research before making any investment decisions in cryptocurrencies.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for ASD are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of ASD (ASD) is $0.003987. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated ASD to USD rate at the top of BTCC’s price page. In terms of market scope, ASD records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $2.633726M. Its current circulating supply stands at 660.62M out of a maximum supply cap of ∞.
The price volatility of ASD (ASD) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (660.62M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, ASD (ASD) hit an all-time high (ATH) of $3.256357 on 2021-03-27 18:15, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.003814 on 2026-06-26 21:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading ASD futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s ASDUSDT perpetual contracts support two-way trading. If you anticipate a price decline for ASD, simply log into your BTCC account with USDT margin available, navigate to the ASDUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for ASDUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.003987), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for ASDUSDT with zero financial risk.
Trading ASD (ASD) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for ASDUSDT, and review its live price ($0.003987) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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