AscendEX Token (ASD) is the native utility token of AscendEX, an ERC-20 token offering benefits like discounted trading fees, staking rewards, and participation in platform initiatives. AscendEX, formerly BitMax, is a global digital asset trading platform offering spot, margin, and futures trading. ASD is used for trading fee discounts, staking rewards, participation in platform initiatives, and liquidity programs. AscendEX often uses ASD for liquidity programs, rewarding market makers for providing liquidity. ASD was introduced by the AscendEX team, co-founded by George Cao, a professional with extensive experience in traditional finance and the blockchain industry.