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2021 “Three Years Later… A Celebration of Success and the Best is Yet to Come” A Letter to the AscendEX Global Community

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2021 “Three Years Later… A Celebration of Success and the Best is Yet to Come” A Letter to the AscendEX Global Community

Dear AscendEX Users, Community Members, Partners, and Supporters:

2021 has been another year of accelerated growth for all of us at AscendEX! The year began with a major milestone — AscendEX’s native token ASD (previously BTMX) ranked as one of the “top 100” cryptocurrencies, which was a remarkable testament to our growth and the contributions from market participants, global users, and the greater blockchain industry.

Throughout the year, the AscendEX team has accelerated our tradition of continuous product innovation and client-first strategies by further enhancing our platform’s core functionalities, expanding our global communities, and driving brand awareness. As the market matures with broader adoption underway, AscendEX continues to rise through consistency and excellence in performance and delivery in the ever-evolving digital asset industry.

As we celebrate AscendEX’s momentous third anniversary and the onset of the new year, we would like to share some of the firm’s recent milestones and achievements with you all.

March

Strategic rebranding to AcendEX as the demonstration of the company’s relentless focus on providing users with maximum utility and returns by leading the expansion of the digital asset industry at the nexus of CEX and DEX Introduction of an innovative Multi-Asset Collateral Mechanism, allowing users to utilize assets other than USDT as collateral for trading perpetual futures contracts

June

Roll-out of new sub-account feature, allowing individual and institutional users to create multi-dimensional account structures and handle multiple asset management channels for more efficient trading strategy deployment

Launch of the Reward Center to streamline the process of reward distribution

July

Introduction of customer service AI bots and online customer service function for seamless and expedited information-request support for users on the platform

Launch of Curve (Polygon)-USDC decentralized trading pool mining product

Expansion of project-specific staking programs to include major coins from BTC & ETH to USDT along with DeFi Yield Farming programs to include USDT, USDC, and USDX with industry competitive return

August

Major upgrade of the professional trading interfaces to support asset transfer between cash, margin, and futures accounts, as well as One-click-order-placing & Order-placing-by-amount and other user-friendly features

September

Expansion of collateral-eligible assets to include staked assets for futures trading, allowing users to better utilize their balance sheet for optimized returns from futures or margin trading while still earning staking income

October

Launched the KAVA/USDX liquidity mining product, adding a new member to the mining ecosystem and strengthening our industry-leading offering of DeFi products

November

Successfully completed a $50 million Series B fundraising round led by Polychain Capital and Hack VC, with participation from seven leading venture capital firms, including Jump Capital and Alameda Research

Launch of “Convert” function for PC & APP clients, enabling users to execute zero-fee swaps for over 45 asset pairs at market price, including BTC, ETH, ATOM, TRX, and more

Over the last three years, AscendEX has emerged as an industry leader, with a tradition of cutting-edge product innovation, a bold commitment to premier quality listings, top-tier industry research, and a key strategic partner to blue-chip projects across the blockchain ecosystem. Our growth and accomplishments to date are inseparable from our community’s endless support.

As we progress into the new year, our team will continue its upward trajectory with the latest product development, community growth, and crypto innovation, not only for AscendEX, but for the crypto industry at large.

Thank you sincerely for your boundless support since the 2018 launch. We wish you and your loved ones a happy and healthy new year.

CEO George Cao, COO Ariel Ling, and the Entire AscendEX team 

November 30, 2021

Disclaimer: This is a paid Press Release. Any information contained in this website is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release.

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Ethereum Ranks Second as the Most Owned Crypto in UK, Bitcoin First!

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Ethereum Ranked Second as the Most Owned Crypto in UK, Bitcoin First!
  • It is estimated that 32.9 percent of UK crypto owners possess Ethereum.
  • 2,013 internet users in the United Kingdom were polled.

Late in 2021, the cryptocurrency market was very volatile and experienced a drastic shift from extremes in the bigger market. Crypto users in the United Kingdom seemed to be taking it slowly throughout the recent sell-offs and feverish market periods. With 2,013 internet users in the United Kingdom being polled, Finder.com came up with various findings.

The UK’s crypto community appears to have rekindled its enthusiasm for Ethereum, despite a lack of interest and acceptance in other cryptocurrencies. It is estimated that 32.9 percent of UK crypto owners possess Ethereum, putting it in the second position in terms of crypto ownership after only Bitcoin.

Read More: Bitcoin Price Prediction

Read More: Ethereum Price Prediction

Crypto Adoption Rate At a Mere 1%

There was an increase in the percentage of people owning cryptocurrencies from 11.2% to 15.5% last year, although, in certain countries, this rise was stifled. When comparing the two polls, the United Kingdom had one of the fewest increases in crypto holdings, moving from 5.2% to 6.1%, with a modest 1% increase in that time frame.

UK crypto ownership is much lower than the worldwide average of 15.5%, according to an ongoing poll of Internet users in 27 nations. With only 17 percent of respondents saying they believe crypto is an excellent investment, Britain was rated 23rd out of 23 nations in November 2021 for favorable opinions towards cryptocurrencies.

Despite the glimmering figures on ETH, Bitcoin remains the most popular cryptocurrency, owned by 42.8% of those who own digital assets. Third place went to Ripple, with 17.4 percent, followed by Solana with 15%, while Dogecoin only had a 1% gain.

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DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

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DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

Bangalore, India, 17th January, 2022, Chainwire

since its launch in 2021, Unmarshal” rel=”nofollow noopener” target=”_blank”>Unmarshal has continued to look for ways to improve its ecosystem to provide the best services to existing blockchains. Now in 2022, the DeFi network has added a key advisor, Brian D. Evans” rel=”nofollow noopener” target=”_blank”>Brian D. Evans, to the team to strengthen the protocol. 

Brian D. Evans is an Inc. 500 Entrepreneur, Forbes top digital marketer, investor, and blockchain/crypto industry veteran. With his wealth of experience and connections, Evans, who is also a Founder of ReBlock Ventures” rel=”nofollow noopener” target=”_blank”>ReBlock Ventures alongside Kenn.eth” rel=”nofollow noopener” target=”_blank”>Kenn.eth boasts almost 1 million followers on his Twitter” rel=”nofollow noopener” target=”_blank”>his Twitter. Evans and ReBlock will help Unmarshal become industry dominant by suggesting key initiatives, and connecting high level players. 

Speaking on the appointment, Evans said “They’ve managed to recruit top development talent, I can see this platform doing very well. I’m excited to open up my Rolodex and help them achieve large scale industry adoption.”

Unmarshal Boosts Its Query Mechanism for Apps on Solana

Aside from signing Evans, the multi-chain DeFi data network is strengthening its querying support for decentralized applications built using Solana’s API. The added support will provide safe real-time data to DApps.

The Solana Network” rel=”nofollow noopener” target=”_blank”>Solana Network was one of the most deployed chains in 2021 due to its incredible throughput, ultra-low gas fees, and scalability. The chain can process over 50,000 transactions in a second, making it faster than all the blockchains in the industry. All these are made possible due to the network’s Proof of History and Proof of Stake consensus mechanisms. 

The chain hosts over 1000 decentralized apps, including decentralized exchanges, GameFi projects, and NFT marketplaces. The trilemma – speed, scalability, and security led to the growth of the blockchain and its native cryptocurrency SOL. 

With the chain agnostic solution improving its API for Solana, DApps can collect data effectively without creating codes. DeFi projects on Solana can work with our experts to form the correct data response and structure. The network’s data can also be queried. 

API Can Perform a Wide Range of Applications

Aside from enabling a rapid querying support system for DApps on Solana, Unmarshal will add Solana onto the platform’s block explorer Xscan.io. The API will cater to a variety of use cases, such as NFTs, marketplaces, P2E gaming, and any other application on the Solana Network.

This API integration will allow the wallets to provide a clearer picture of token balances and the transfer history of the given asset and the entire wallet on the Solana chain. In addition, customers can get updated with instant alerts on any transactions that occur in their wallets. 

The integration with Solana will also allow wallets to fetch data about transaction hash, status, timestamp, and get details on assets listed on Solana, including their prices. Finally, the API integration will collect data of wallet NFT balances on the chain.

About Unmarshal

Unmarshal” rel=”nofollow noopener” target=”_blank”>Unmarshal is an agnostic chain solution launched in February, 2021. It’s a DeFi network that provides real-time data to dApps deployed on Solana, Binance Smart Chain, Polkadot, Ethereum, and so on. They are making moves to empower DApps on several Layer2 networks to have access to reliable on-chain data. The DeFi protocol offers convenient methods to query network data from supported chains and comprises powerful tools to support DeFi apps on any blockchain.

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Chingari’s $GARI Token To Make Historic Debut On 6 Top Crypto Exchanges

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Chingari’s $GARI Token To Make Historic Debut On 6 Top Crypto Exchanges

Mumbai, India, 17th January, 2022,

Chingari, the leading video sharing app in India, has achieved another first with the historic parallel listing of its native $GARI token on six of the world’s leading centralized cryptocurrency exchanges. 

Breaking new ground yet again, $GARI has become the world’s first cryptocurrency to launch simultaneously on six trading platforms – Huobi Global, FTX, KuCoin, Gate io, OKEx and MEXC Global.

$GARI is the native cryptocurrency token of Chingari, a short-video sharing platform that now ranks as the number one social media application in India on the Google Play store. The $GARI token was launched in October 2021 amid great fanfare by the company’s Bollywood superstar brand ambassador Salman Khan, and followed up with a record-breaking IDO via its Initial DEX offering on the SolRazr launchpad last month.

The $GARI token is built on Solana, an Indian-developed alternative to the Ethereum blockchain that offers the advantage of much faster transaction speeds and lower associated costs. $GARI is a social token that will empower creators on the Chingari platform to set up their own ecommerce spaces, where they can sell physical merchandise, create non-fungible tokens (NFTs) and enable fans to fund their favorite artists.

The aim is to drive a digital economy, in which users will also be able to obtain $GARI tokens for creating or watching content on the platform.

Chingari is the most popular social media app to experiment with cryptocurrency so far. The app has been downloaded more than 100 million times and counts over 32 million active monthly users, meaning $GARI has the key advantage of being able to tap into Chingari’s enormous existing audience. To date, few other cryptocurrency tokens have had such a large potential user base at launch.

$GARI’s listing on some of the world’s leading centralized crypto exchanges will generate yet more buzz around Chingari’s innovative project. Huobi Global, FTX, KuCoin and Gate are all ranked among the world’s top ten exchanges in terms of volume traded, traffic and liquidity, while OKEx ranked in the top 20 and MEXC Global sits in 26th place.

“Chingari is bringing the web3 revolution to the creator economy with its $GARI token,” Chingari CEO Sumit Ghosh said in a statement. “$GARI will enable 30 million monthly active users of the Chingari Short video app to get on-chain. For the first time in the history of blockchain, an app will onboard millions of users on-chain from the day of its launch. The Chingari and $GARI teams and the entire community are super excited about its launch and listing!”

Traders will be able to buy and sell $GARI tokens on Huobi Global, FTX, KuCoin, Gate , OKex and MEXC Global from 13:00 UTC on January 18, 2022.

About Chingari

Chingari is a short video sharing app built to cater to Indian audiences that allows users to create and share videos with incredible filters and games, shop for merchandise, send messages and more. With more than 85 million downloads and 32 million active users, Chingari is one of India’s fastest-growing social media platforms and the most popular app of its kind.

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