AscendEX launches trading contests with $300,000 prize pool

October 21, 2021

AscendEX launches trading contests with $300,000 prize pool

Cryptocurrency exchange AscendEX will draw $300,000 in Solana (SOL) and Tether (USDT) tokens among participants in futures contract trading contests. This is announced on the trading platform's blog.

The contests will run until October 13, 2021. To participate, you need to register on the exchange and answer the questions on the google form. If you register using a referral link, you can get a 10% discount on commissions for a year.

AscendEX is a crypto exchange headquartered in Singapore. The platform supports futures contracts for 31 cryptocurrencies with up to 100x leverage, as well as staking 13 assets with returns of up to 21.54% per annum. Users can use the assets in the stacking as collateral when trading futures.

Learn and earn! 

AscendEX will randomly award 5 to 50 USDT to the first 500 users who correctly answer the questions on the google form.

The answers can be found in the contest post on the exchange website and in the article How to Use Staked Assets for Futures Trading. Also users can contact the support team in the Russian-language Telegram channel of AscendEX.

Translate and trade! The exchange will reward users with bonuses from $10 to $1000 in SOL or USDT for transferring staked assets to a futures account and making trades of $1000 USDT or more. The first 10 members with trading volume above 200,000 USDT will receive $88 in SOL.

AscendEX covers your losses! The exchange compensates users for losses in futures contracts trading. The platform will credit members with USDT Futures Bonus Credits (USDTR), the equivalent of USDT, which can be used on AscendEX as collateral when trading futures contracts.

The platform will fully cover losses of less than 100 USDT. The maximum compensation for losses above 100 USDT is 100 USDTR.

Like any investment, it may be a good idea to start small to learn the mechanics of buying cryptocurrencies. Stellarport exchanges comparison.

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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