The AscendEX Launchpad (formerly BitMax Launchpad) serves as an IEO platform for promising crypto projects, integral to the AscendEX exchange. Since its establishment in 2019, the platform has successfully launched 17 projects, raising $7.54M, and boasts an all-time high average ROI of 43.28x, featuring successful projects like Bonfida, Project Serum, and Vanar Chain.
AscendEX Overview
AscendEX - About
AscendEX (formerly BitMax) is a well-known cryptocurrency exchange, founded in 2018, with a global presence in 200+ countries, over 1 million registered users, and 320+ trading pairs. Ranked #46 on CoinMarketCap, the exchange's 24-hour trading volume on the spot market is $227,772,086.98. In March 2021, the platform underwent a strategic rebranding from BitMax exchange to AscendEX, signaling expansion plans and a commitment to supporting users in the dynamic digital asset space. In December 2021, the AscendEX exchange experienced a significant security breach, resulting in $77.7M in losses across Ethereum, BSC, and Polygon chains.
While the last AscendEX IEO took place in October 2021, there is no indication of new projects launching, and the website lacks information about the launchpad or participation rules. Unfortunately, customer support has not been helpful in addressing these concerns.
In turn, AscendEX's Launchpool offers a yield farming opportunity for users to earn token rewards by depositing digital assets. Detailed information about participation rules can be found here.
