AscendEX 6th Anniversary AMA: Moving towards a Bull Market, Reviewing and Looking Forward to the Evo
On October 22nd, AscendEX invited many industry veterans, as well as AscendEX partners and old friends, to have an impromptu conversation on Twitter space under the theme of "Moving towards a Bull Market, Reviewing and Looking Forward to the Evolution of the Cryptocurrency Industry".
2024 is a special year for AscendEX, which was established during the cryptocurrency bull market in 2018. Despite numerous challenges, AscendEX still stands tall in the cryptocurrency market and celebrates its sixth anniversary; 2024 is also a special year for the entire cryptocurrency industry, as it is influenced by factors such as the US election, the Russia Ukraine situation, the Middle East war, and inflation, making the trend of mainstream cryptocurrencies particularly complex. But this also indicates that encrypted finance is gradually integrating into the traditional financial system, marking a new stage of industry maturity and compliance.
At such a time point, AscendEX, as the organizer, invited Amber Group CTO Tomas, web3 security audit firm Certik co-founder Prof. Gu, web3 media Metaera founder Vito, CGV Investment Manager Frankie, and Memecoin public launch platform SunPump representative Charles to gather on Twitter Space with guest guests to express their opinions freely. It almost gathered a complete product ecosystem in the cryptocurrency industry, but did not prepare any interview manuscripts or even interview outlines in advance. It only opened a retrospective of the six-year exploration journey in the cryptocurrency world from multiple perspectives of investors, builders, and entrepreneurs.
In AMA, George Cao, founder of AscendEX, posed a highly resonant question: What do you think is the best decision you have made in the past six years? What would be the decision you would make again if you could start over?
George Cao himself responded to this by saying that despite the turbulence in the cryptocurrency market, the core members of AscendEX remain true to their original intentions. The best decision in the past six years has been to build such a team full of passion and combat effectiveness. He also emphasized that if he could make a new choice, he would focus more on the core business of the exchange and launch contract trading derivatives and products such as Web3 wallet and DEX earlier. He reminded investors to not only pay attention to trends, but also to remain cautious and focused at all times.
Charles, the representative of SunPump, expressed his emphasis on improving asset safety through the high returns and high risks of memecoin, as well as his own experience of experiencing asset losses in the FTX incident. Professor Gu, co-founder of Certik, affirmed his brave decision to challenge the encrypted security track and emphasized once again the importance of security products. At the same time, he also shared his thoughts on establishing deeper connections with the community and users, and introduced the free security detection tool launched by Certik - tokenscan, hoping to help users make more comprehensive investment judgments.
CGV Investment Manager Frankie shared with everyone the regret of not being deeply involved in the Memecoin track during this round of market trend. In the future development, they will not only continue to focus on financial services and blockchain infrastructure construction, but also invest more energy in emerging tracks.
In the subsequent communication, Amber Group's CTO Tomas talked about the complementary relationship between coin price and trading volume, while Metaera's founder Vito shared how to use the wealth creation effect to amplify traffic propagation. When it comes to future trends, Frankie also mentioned that in terms of new technologies, they are more optimistic about product development that is closer to users, such as the recent "account abstraction" technology. If this innovation can significantly improve the security of user assets, it will release greater development potential in the future. This viewpoint has been unanimously agreed upon by everyone. Starting from the dual experience of professional practitioners and personal investment experience, the guests have brought many thought-provoking viewpoints to share, as well as insightful perspectives for new investors entering the market.
Looking back at the past, it is not difficult to find that continuously accumulating product strength that can bring more impetus to the industry and creating innovative products that are closer to users and directly address their pain points are the core driving forces for the platform to rise and develop in an orderly manner.
AscendEX 6th Anniversary: Embark on Exploration and Grow Together
AscendEX, formerly known as BitMax, looks back on its six years of growth and exploration. At the beginning of its founding in 2018, relying on the solid foundation of the Wall Street quantitative team, AscendEX was able to quickly rise and become a leader in the global cryptocurrency trading industry in a short period of time. Subsequently, AscendEX continues to evolve with the concept of innovation and customer first, constantly refining its products and services, providing users with a diverse range of trading products including spot, leverage, contracts, as well as diversified services such as staking and decentralized trading. We have launched the industry's first fully leveraged model and established a blockchain technology investment incubation institution to iterate and enrich financial services, helping users achieve asset appreciation. We are also committed to providing cutting-edge cryptocurrency trading solutions, breaking the boundaries between traditional finance and the digital currency world, and bringing more advanced trading experiences to global users.
In 2019, AscendEX launched its first multi chain supported asset management tool, providing convenient asset management services. In 2020, AscendEX delved into the DeFi field and launched liquidity mining and staking services, significantly improving user investment returns and greatly enhancing its product strength. In 2021, with the arrival of a new bull market, AscendEX completed a $50 million Series B financing. Since its establishment, AscendEX has received support from multiple well-known investment institutions such as Matrix Partners China, Danhua Capital, BITMAIN, Jump, Polychain, and Hack VC. This round of financing has injected strong momentum into AscendEX's international expansion and team building. Assisted the platform in achieving a comprehensive upgrade of brand and product. In 2023, AscendEX's daily trading volume will climb to $4 billion, gradually becoming a trusted platform among users and partner institutions in the industry.
From the initial silent cultivation, to now accumulating rich product success experience, serving more than 150 countries and regions, with over 10 million registered users worldwide. AscendEX always adheres to the core values of "efficiency, transparency, and stability", constantly striving for innovation and global expansion in its products, continuously promoting the updating and iteration of financial products, while sparing no effort to ensure safety and compliance. Provide robust and efficient trading services for both institutional and individual users. The cooperation with numerous well-known market makers and technical teams has created an efficient trading system, providing solid guarantees for the safety of users' funds.
AscendEX 6th Anniversary: Technological Innovation and Security Assurance
Throughout AscendEX's six-year journey, the core team's passion and original intention for the cryptocurrency industry have always guided the platform to create every breakthrough. The industry's first tiered fee system and DeFi staking products provide users with diverse investment choices and are highly recognized by the market. Currently, AscendEX has over 10 million registered users and a daily trading volume exceeding 8 billion US dollars. Behind all these achievements, the trust and support of users are indispensable.
Therefore, at this moment of celebration, founder George Cao also emphasized that safety and innovation are the cornerstones of the platform's sustainable development. The encryption industry has been constantly changing from beginning to end, and AscendEX will always prioritize user experience and strive to provide better services for every user. In future exploration and development plans, AscendEX will also maintain close connections with users to jointly promote the healthy development of the platform and the encryption industry.
AscendEX 6th Anniversary: Diversified Product Layout, Creating an All Around Ecology
In 2023, as the influence of social media continues to expand, meme tokens are gradually becoming a popular choice among cryptocurrency assets. The rapid growth of the meme coin sector has greatly promoted the diversification of the cryptocurrency market, and its price volatility and community driven characteristics have made many investors see the possibility of short-term returns. AscendEX takes the lead in actively expanding into the emerging Memecoin field, creating a flexible and efficient trading environment for users, and providing the latest and fastest trading opportunities for young new investors. AscendEX has always adhered to an open product philosophy and actively embraced industry changes along the way. From the Bitcoin craze to the DeFi, NFT, and Memecoin waves, AscendEX has closely followed industry trends by offering a diverse range of trading products to meet the needs of different investors. Continuously expanding the product layout of the platform and enhancing its competitiveness.
In September, AscendEX also showcased its leadership in the Memecoin field at the Token 2049 conference, planning to promote the application and development of blockchain technology through close collaboration with the global community. George Cao said, "Over the past six years, AscendEX has continuously evolved, always placing user needs at the core. In the future, we will continue to promote platform innovation, adapt to market demand, focus on expanding into emerging fields, and create greater value for users
As mentioned in AMA, products with potential are those that are closer to users. In the next six years, AscendEX will continue to focus on providing users with a transparent and efficient blockchain asset trading experience. Through diversified product layouts, it will create a comprehensive ecosystem, explore more possibilities for the integration of traditional finance and encrypted finance, and build a more secure and dynamic encrypted finance ecosystem.
