AscendEX launched the Point Card in support of a 50% discount for the repayment of users’ margin interest.
How to Purchase Point Cards
- Users can purchase Point Cards on the margin trading page (Left Corner) or go to My Asset-Buy Point Card for purchase.
- The Point Card is sold at the value of 5 USDT equivalent of ASD each. Card price is updated every 5 minutes based on the previous 1-hour average ASD price. Purchase is completed after clicking the “Buy Now” button.
- Once ASD tokens are consumed, they will be transferred to a specific address for permanent lock-up.
How to Use Point Cards
- Each Point Card is worth 5 points with 1 point redeemable for 1 UDST. Point’s decimal accuracy is consistent with USDT trading pair’s price.
- Interest will always be paid with Point Cards first if available.
- Interest incurred post purchase gets a 50% discount when paid with Point Cards. However, such discount is not applicable to existing interest.
- Once sold, point Cards are non-refundable.