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Description

A worldwide platform for trading digital assets, allowing users to buy and sell cryptocurrencies such as Bitcoin, ETH, USDT, and various altcoins. By subscribing to the ASD Investment Product, users can partake in a distribution pool based on their proportional shares, and by depositing ASD (previously known as BTMX), they can earn major cryptocurrencies daily as returns. Users can borrow and repay assets seamlessly during trading, with the option to do so interest-free every eight hours, and they can close all positions with a single click. Holding ASD provides access to exclusive VIP fee discounts, while features like Instant Unbonding, Compound Mode, and Staked Assets are available for Margin Collateral. The platform introduces a unique tiered VIP transaction fee and rebate system that benefits both traders and ASD holders within the AscendEX ecosystem, with tiered discounts linked to the base trading fees determined by either the trailing 30-day trade volume in USDT or the average unlock of ASD holdings over the same period. This setup encourages increased trading activity and enhances overall user engagement on the platform.

Description

Synthetix is a protocol for the issuance of decentralized synthetic assets operating on the Ethereum blockchain. These synthetic assets, known as Synths, are backed by the Synthetix Network Token (SNX), which, when locked within the contract, allows for the creation of these assets. The model of pooled collateral permits users to exchange Synths directly through the smart contract, eliminating the necessity for counterparties. This innovative approach addresses common problems such as liquidity and slippage that decentralized exchanges often face. Currently, Synthetix provides synthetic representations of fiat currencies, cryptocurrencies (both long and short), as well as various commodities. SNX holders are motivated to stake their tokens, as they earn a proportional share of the fees accrued from transactions on Synthetix.Exchange, reflecting their stake in the ecosystem. This right to engage with the network and earn fees from Synth transactions contributes to the intrinsic value of the SNX token. Notably, traders do not need to hold SNX in order to participate in trading on Synthetix.Exchange, enhancing accessibility for a broader audience. By doing so, Synthetix opens the door for more users to engage in trading without needing to invest in the underlying token initially.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

1inch
1inch Wallet
Algorand
Coast
CoinGecko
CoinLedger
CoinMarketCap
CoinStats
CryptoTax360°
Enzyme
Harmony
Hedgehog
Hummingbot
Kriptomat
Orderly Network
Radix
YouHodler
ZKFair
iMe

Integrations

1inch
1inch Wallet
Algorand
Coast
CoinGecko
CoinLedger
CoinMarketCap
CoinStats
CryptoTax360°
Enzyme
Harmony
Hedgehog
Hummingbot
Kriptomat
Orderly Network
Radix
YouHodler
ZKFair
iMe

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

AscendEX

Founded

2018

Country

Singapore

Website

ascendex.com

Vendor Details

Company Name

Synthetix

Founded

2017

Country

Australia

Website

synthetix.io

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