KOINASCENT.COM is an Ethereum blockchain decentralized application for all-in-one banking and financial services for cryptocurrency users. It was founded in 2017 by Ascent Organization LLC, a British Territory of Bermuda registered company, located in Hamilton, Bermuda.
As a startup project in 2017 KoinAscent focused on creating a P2P centralized cryptocurrency trading platform. KoinAscent Bitcoin Exchange came online in November 2018 during the crypto winter. The centralized exchange operated till January 2020 when no new funding was available and as a result the exchange was off line till November 2020.
On November 11, 2020 KOINASCENT.COM relaunched as a decentralized financial service (DeFi). No ID required to register on KoinAscent.com. Services include a token swap tool, liquidity pools, staking and earn from lending. Users can swap coins and tokens using their own private non-custodial cryptocurrency wallet, like Metamask. The KoinAscent motto is “Your Keys, Your Coins!”
KoinAscent made the pivot to decentralized financial services and DeFi products to increase liquidity using Automated Market Making and to build our active users participation in holding and voting the KADX Governance Token. The KADX Governance Token is used to vote on measures proposed by the KADX token holders regarding issues pertaining to the KoinAscent platform.
KoinAscent is designed to incentivize a large sharing community of cryptocurrency users. The mechanism that KoinAscent has implemented is a referral program which allows participating users to earn KADX governance token and rewards for sending new users to register on KoinAscent. The KADX token sharing community of users is involve in every aspect of the KoinAscent platform by voting their KADX tokens and they are rewarded from 70% of the platform fee revenue in proportion to the number of KADX tokens they hold.
KoinAscent.com financial service platform receives fees from coin and token swap trading and lending. 70% those fees go to holders of KADX governance tokens and 30% the fees go to the KoinAscent Treasury. KoinAscent also receives listing fees from ERC-20 tokens, compensation for paid promotional consideration and commissions on sales and management of DeFi products which goes to the KoinAscent Treasury.
Coin and token assets available on KOINASCENT.COM are traded in decentralized swap transactions. KoinAscent is not a depository institution, and your KoinAscent wallet is not a deposit account. Eligible digital assets are not legal tender. Eligible digital assets in your KoinAscent wallet are not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC). This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product. Interest rates are variable subject to change at our discretion, at any time. No minimum balance required. T&C Apply.
KoinAscent is not a financial advisor, legal advisor nor an investment broker. KoinAscent is regulated by the laws of the British Territory of Bermuda. Do your own research and make your own decisions regarding trading digital assets. Trading digital coins and tokens is very risky due to great volatility and other issues. Our service involves a significant risk and can result in the loss of your invested capital. Never trade more than you afford to lose.