Notes

* Please note that this offer is not available for clients from US.

* Please note that the cashback is redistributed automatically into your AscendEX trading accounts, without the need to interact with ArtisGain Client Area.

* Please note that existing Crypto Exchanges accounts CANNOT be transferred under ArtisGain Introducer/Affiliate.

About AscendEX

AscendEX Earn 

• ASD Ecosystem - ASD is a functional utility token native to AscendEX. 

ASD Holder Rights and Ecosystem

1. Platform Currency
ASD will be used as the unit of exchange for all services and operations offered on AscendEX. For example, AscendEX will charge a fee in ASD for users’ participation in platform promotional activities. ASD can be consumed by the purchase of various benefit cards, such as Point Card, and other products on the platform such as Volatility Card.

2. Multiple Trading Modes
AscendEX offers multiple mode options across regular trading and margin trading on the different needs of different customer and/or user groups. The mechanism is designed to provide different levels of incentive to meet the requirements of diversified market activities and trading behavior such as market makers vs. takers.

3. Tiered VIP Transaction Fee Structure
Since Oct 2019, there has been a new tiered VIP transaction fee structure in place for both traders and ASD holders within the AscendEX ecosystem. A 10-tier VIP fee schedule is set based on (i) trailing 30-day trade volume (across both asset classes) and (ii) trailing 30-day average unlock ASD holdings. The enhanced fee structure further evolves the utility of ASD, by offering token holders attractive marketplace advantages on transaction fee. All latest details on Tiered VIP transaction fee schedule can be found: 

https://ascendex.com/en/feerate/transactionfee-traderate

 4. Token Consumption

ASD token holders can consume a certain amount of ASD for additional benefits such as membership upgrade related to transaction fee, interest on margin loan, airdrop, token release, etc. The total supply of ASD will continue to decrease as the amount of ASD consumed increases.

• Staking

AscendEX offers staking service for several tokens, but what is staking, and what innovative solutions does AscendEX provide to support staking users? Staking is a way to reap digital asset mining rewards without investing in expensive hardware or having maintenance to worry about. It is a convenient way to generate passive income from holding digital assets on an exchange. In this article, you will learn the basics and review AscendEX’s solutions to staking pain points before getting started with staking your digital assets on AscendEX. 

When staking tokens, a user locks their tokens into their chosen Proof of Stake (PoS) blockchain. These tokens are used to achieve consensus, which is necessary to keep the network secure while validating every new transaction on the blockchain. By staking, users can diversify their income stream and monetize their idle funds on AscendEX. By offering up tokens, users are rewarded with new coins from the network. These rewards are proportionate to the number of tokens staked; the higher the number of tokens staked, the greater the validation power.

• DeFi Yield Farming

Yield Farming is a process generally designed to maximize return on capital by leveraging different decentralized finance (“DeFi”) protocols, including, but not limited to: Lending protocols, Decentralized liquidity pools, Derivatives protocols

A “Yield Farmer” who allocates capital to any of these protocols is rewarded for their “liquidity contribution.” Rewards are granted to Yield Farmers in a variety of tokens from relevant DeFi protocols issued as fees, interests, or incentives and distributed to liquidity contributors.

What makes AscendEX DeFi Yield Farming unique?

A. No Gas Fees
Yield Farming is a resource-intensive process. Every action involved in Yield Farming as an individual (“approve”, “deposit”, “reward claim”) involves gas fees paid on the relevant DeFi network. These fees reduce profit margin and therefore negatively impact yields generated by an individual Yield Farmer. By farming with AscendEX you enjoy the benefit of paying no gas fees, thus maximizing your yield.

B. Seamless Farming Experience 
Yield Farming requires extensive interactions with smart contracts and knowledge regarding coding and blockchain infrastructure to intelligently identify lucrative yield farming opportunities. At AscendEX, our team handles all backend integration with DeFi protocols, thus allowing users to farm yield via a simple and easy-to-use “one-click” function.

C. Timely Distribution and Flexible Deposit & Withdrawal
Unlike some other platforms that require a pre-determined lock-up period for yield farming participation, and only distributes rewards after the conclusion of the lock-up period, AscendEX allows users to deposit and withdraw their assets anytime, with the ability to receive yield farming rewards in a timely manner.