1. What is ASD?

Introduction to ASD Cryptocurrency

1. Trading Form: ASD cryptocurrency can be traded via futures contracts. ASD futures are agreements between two trading parties to buy and sell a specified number of ASD at a specific future price on a designated date and time.

2. Features: ASD futures allow investors to gain exposure to ASD without actually owning it. This trading method is primarily used for hedging risks or speculation.

3. Regulatory Environment: In certain countries, including China, virtual currency transactions are completely prohibited. The Chinese government believes that virtual currency trading disrupts the economic and financial order and breeds illegal activities such as gambling, illegal fundraising, fraud, pyramid schemes, and money laundering.

4. Advertising Policy: When promoting cryptocurrencies and related products, one must comply with the relevant national regulations and local laws of the targeted countries or regions. Google Ads has specific policy requirements for advertisements related to cryptocurrency products.

5. Industry Background: The development of cryptocurrencies has sparked discussions about their viability as currency. Some experts believe that cryptocurrencies cannot function as currency because their prices are not related to any potential economic value.

2. Who founded ASD?

The cryptocurrency ASD (formerly known as BTMX) is a utility token introduced by the global digital asset financial platform AscendEX (formerly BitMax). AscendEX was founded by a group of Wall Street traders and launched in 2018.

3. Which venture capitalists invested in ASD?

According to the available information, here are details regarding investments in the cryptocurrency sector:

• Funding Trends of Venture Capital Firms: Between 2012 and 2019, venture capital firms invested a total of $509 million in the cryptocurrency space, coming second only to the $1.906 billion invested in machine learning and artificial intelligence.

However, the specific venture capitalists investing in cryptocurrency are not explicitly listed in the provided search results. This information typically needs to be sourced through financial news, investment reports, or databases related to the industry.

4. How does ASD work?

ASD Cryptocurrency (AscendEx Token) is a platform token launched by the AscendEX (formerly BitMax) exchange. Here are key points about how it operates:

1. Issuance and Total Supply: ASD was issued starting from November 11, 2018, with an initial total supply of 10 billion tokens, which was later reduced to 787,683,613 tokens on October 23, 2019, adopting an “extreme deflation” value model.

2. Value Model: ASD employs an “extreme deflation” value model, where 50% of the daily consumption is permanently locked up, leading to a continuous decrease in the total circulating supply of the tokens.

3. Use Cases: Holding ASD allows users to enjoy various benefits, including:

4. Staking Income: Holding ASD can earn users 80% of the exchange’s daily trading profits.

5. VIP Level Upgrade: Holding ASD can elevate an account’s VIP level, enabling lower trading fees.

6. Point Card Transactions: Using ASD to purchase point cards grants a 50% discount on leverage interest.

7. Auction Activities: ASD holders can participate in exclusive “auction activities” with extremely high returns across the network.

8. Exchange Support: ASD is primarily traded on the AscendEX (formerly BitMax) exchange, with the most active trading pair being ASD/USDT.

9. Security: ASD utilises blockchain technology, with transaction records maintained on a distributed public ledger, ensuring high security.

In summary, the operation of ASD cryptocurrency is closely related to its role as the platform token for AscendEX, enhancing user experience and value through various use cases and a value model.