September 30, 2022

Magnify Returns on Staked Crypto Assets

On 25th August, AscendEX unveiled an incredible event available to existing users by invite-only.

The promo event gives invited users the opportunity to multiply their staking returns by 5X!

The crypto staking returns that are available on AscendEX are already extremely attractive when compared to other platforms – so having an additional 5X boost is 🤯 exceptional!

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To participate in this event, users need to transfer their staking assets to their margin account and achieve a margin trading volume of at least 1,000 USDT.

How is this possible?

You can use the staked assets that are earning passive income on the AscendEX platform as collateral. Other platforms don’t allow you to do this, so when a good trading opportunity arises you would either have to liquidate your staked assets (sometimes at a hefty fee) or fund your account to take advantage of a trading opportunity.

The event ends on Sept 1, 12:00 a.m. UTC

In addition to the above, invited users have the opportunity to participate in a 20,000 USDT Giveaway by simply executing their first trade.

Invited users need to enter the Rewards Hub section of the AscendEX platform to complete their first asset transfer and first margin trade to win Point Cards worth $10.

The first 1,000 participants who complete the task stand to enter a lucky draw for a 100 USDT airdrop! (100 winners)

AscendEX is also hosting a ‘Join 3-Day Margin Trading Challenge’ where invited users stand to win a 500-USDT Airdrop

Invited users simply need to trade on margin for three days with a daily trading volume reaching at least 200 USDT. Users satisfying this requirement will be eligible to join a lucky draw for rewards – as shown in the table below.

PrizeRewardNo. of Winners
Lucky Charm Prize500 USDT per winner1
Good Lucy Prize100 USDT per winner10
Participation PrizeAn equal share of 3,500 USDTThe rest of eligible participants

AscendEX Terms and conditions:
1. The event is open to users who receive the invitation email/in-app notification. Invited users can receive the airdrop by completing tasks in the email/notification.
2. Event Two Rewards: Rewards include Staking returns and extra rewards. Staking returns are distributed based on the Staking rules. Extra rewards (4x regular returns) will be distributed in USDT after the event ends.
3. One day is defined from 12 a.m. UTC to 12 a.m. UTC the next day. For example, Aug. 30, 12:00 a.m. – Aug. 31, 12:00 a.m. UTC
4. Lucky Draw Rules:AscendEX will take the last 10 digits of the first block hash at 12:00 a.m. UTC, Sept. 1 as the lucky number. Participants have a Draw Code that is the last 10 digits of their AscendEX UIDs. AscendEX will rank all participants based on the differences between the event’s Lucky Number and each participant’s Draw Code in the absolute value in the ascending order. Top 100 eligible participants in the Event One will each get 100 USDT. Top 1 winner in the Event Three will receive 500 USDT and 2rd – 11th winners will each get 100 USDT.
5. Rewards will be distributed to the accounts of the winners within 14 days after the events’ conclusion.