AscendEX (formerly BitMax) has announced the listing of Stratos (STOS), the native token of the next-generation decentralized data mesh network, on November 23, 2021, at 2:00 PM UTC. The trading pair STOS/USDT will go live simultaneously. To celebrate the milestone, AscendEX and the Stratos team are launching a series of limited-time promotional events from 2:00 AM UTC on Nov 23 to 12:00 AM UTC on Nov 30, 2021, offering users a chance to share a total reward pool of 80,000 USDT worth of STOS tokens.
What is Stratos?
Stratos represents the next evolution of decentralized data infrastructure, providing a scalable, reliable, and self-balanced storage, database, and computation network designed for Web 3.0. Unlike traditional centralized cloud services, Stratos employs a Proof-of-Traffic algorithm to fairly reward infrastructure participants and contributors based on real network traffic usage. This ensures efficient resource allocation while preserving the decentralized benefits of a trustless, traceable, and verifiable distributed protocol.
The network operates its own blockchain to measure the consumption of computing resources (computation, storage, and network traffic) and integrates the Practical Byzantine Fault Tolerance (PBFT) consensus algorithm deeply with the Proof-of-Traffic mechanism. This hybrid consensus provides settlement services and financial payment solutions for both network providers and users in a transparent and efficient manner.
STOS is the native utility token of the Stratos ecosystem, facilitating value circulation across all network activities — from paying for resource usage to participating in governance and earning rewards. The team behind Stratos has a proven track record of building enterprise-grade data infrastructure and implementing complex blockchain systems.
About AscendEX Exchange
Founded in 2018, AscendEX is a global cryptocurrency exchange offering a comprehensive suite of products, including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as Bitcoin, Ethereum, and Ripple. The platform serves more than 1 million retail and institutional clients worldwide, providing a highly liquid trading environment and secure custody solutions.
AscendEX has emerged as a leading platform by return on investment (ROI) for its initial exchange offerings (IEOs), having supported some of the most innovative DeFi projects like Thorchain, xDai Stake, and Serum. Users of AscendEX gain exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. The listing of Stratos further underscores the exchange's commitment to onboarding high-quality decentralized infrastructure projects.
Promotional Event Details
To mark the listing, AscendEX and Stratos are hosting a week-long event with a total reward pool of 80,000 USDT in STOS tokens. Participants can earn rewards by completing tasks such as trading, depositing, or referring friends. Specific rules and participation requirements will be detailed in the official announcement on AscendEX's website.
Event period: November 23, 2021, 2:00 AM UTC – November 30, 2021, 12:00 AM UTC.
With the addition of STOS, AscendEX continues to expand its asset offerings, providing users with early access to promising projects building the foundation of the decentralized internet.
Disclaimer: This article is based on a press release from the project. It does not constitute investment advice. Readers should conduct their own due diligence before taking any action.