AscendEX's ASD Investment Multiple Card, is an earnings-multiplying card designed for ASD investment products. Users with the card can earn 5X investment returns from ASD investment products. 

Card Function Overview

The ASD Investment Multiple Card is designed to multiply users’ earnings from ASD investment products. With an ASD Investment Multiple Card, up to 10,000 ASD on your account will be multiplied by 5X for the calculation of ASD investment profits.

Here are two scenarios to consider when calculating profits from the ASD Investment Multiple Card.  

Scenario One: If you have more than 10,000 ASD in your account, you can buy more than one card. When calculating ASD investment profits, one card will be used to multiply 10,000 ASD in your account by 5X and N cards will be used to multiply N*10,000 ASD in your account by 5X. (Note, N≤15) 

Example:

Assume you have 101,000 ASD in your account and the current price of the ASD Investment Multiple Card is 1,000 ASD. When 1,000 ASD is paid for one ASD Investment Multiple Card, your share of the platform distribution pool will be based on the new effective ASD investment quota calculated below:

90,000 ASD + 10,000 ASD *5 = 140,000 ASD

Thus, you will receive an equal amount of investment return as 140,000 ASD investment holders.

Using similar logic, when 2,000 ASD is paid for two ASD Investment Multiple Card, your share of the platform distribution pool will be based on the new effective ASD investment quota calculated below:

79,000 ASD + 10,000 ASD*5*2 = 179,000 ASD

Thus, you will receive an equal amount of investment return as 179,000 ASD investment holders.

Scenario Two: If you have less than 10,000 ASD in your account, you can only buy one ASD Investment Multiple Card by default. When calculating ASD investment profits, one card will be used to multiply the real amount of ASD in your account by 5X. 

Example:

Assume you have 9,000 ASD in your account and the current price of the ASD Investment Multiple Card is 1,000 ASD. When 1,000 ASD is paid for one ASD Investment Multiple Card, your share of the platform distribution pool will be based on the new effective ASD investment quota calculated below:

8,000 ASD *5 = 40,000 ASD

Thus, you will receive an equal amount of investment return as 40,000 ASD investment holders.

Please be advised, an account with a balance of less than 10,000 ASD is limited to one ASD Investment Multiple Card purchase by default. 

Card Issuing Information

To purchase the ASD Investment Multiple Card, users can log in to AscendEX’s official website, click the icon on the right of the navigation bar, and select ASD Investment Multiple Card in the drop-down menu. See the following card-issuing information: 

Issuance Schedule: One issuance every 10 days

Issuance Time: Two batches respectively issued at 12:00 a.m. and 12:00 p.m. UTC on the release day

Price: Dynamically adjusted based on the ASD price

Total Supply per Issuance: Dynamically adjusted per issuance

Validity Term: 10 days

Purchase Limit: Each account is limited to only one purchase on the issuing day, with up to 15 cards available.

Payment Token: ASD

Card Rules

1. ASD Investment Multiple Card can only be used for ASD investment products.
2. Upon purchase, ASD Investment Multiple Card will be automatically activated and applied to the account the next day. An ASD Investment Multiple Card will only be valid for 10 days.
3. During the effectiveness of an ASD Investment Multiple Card, the multiplied returns will be calculated automatically by the system. 
4. ASD Investment Multiple Card in use will multiply ASD in users’ difference accounts to boost their earnings in the following order: The card will first multiply the ASD used for ASD investment products in users’ cash accounts by default. If ASD amount is insufficient in the users’ cash accounts, the card will multiply the ASD under investment. In this case, the card will first multiply the ASD portion that has been multiplied by an ASD Investment Multiple Card previously.
5. ASD Investment Multiple Cards cannot be combined to be applied to the same ASD investment quota.
6. ASD within the scope of ASD Investment Multiple Card cannot be redeemed early or used for circulation. Upon expiration, those ASD tokens are subject to auto-subscription to regular ASD investment products can be redeemed.
7. The price and total supply for each issuance of ASD Investment Multiple Card will be dynamically adjusted and subject to the real price on the issuing day.
8. All ASD tokens used for the purchase of the ASD Investment Multiple Card will be deemed as ASD consumption.
9. ASD tokens in the users’ accounts used to pay for ASD Investment Multiple Card will be deducted in the following order: cash account, investment account. 
10. The multiplied investment quota (5 times) of ASD will be counted in the calculation of the Aggregation of Total User Effective ASD Subscription Quota.

AscendEX reserves the final right to adjust and interpret the ASD Investment Multiple Card rules.