PRESS RELEASE. AscendEX is excited to announce the listing of Concordium’s CCD. The CCD is the payment token on the world’s first permissionless blockchain with ID at the protocol level, ready to support use cases in compliance with regulation. Trading will begin under the trading pair (CCD/USDT) starting on April 8th at 1 p.m. UTC.
Concordium is a sustainable Layer-1 Proof of Stake blockchain and is defining a new category for blockchain. Concordium offers a state-of-the-art solution with self-sovereign identification at the protocol level that leverages Zero-Knowledge Proof cryptography. The solution is unique as it provides support for meeting the requirements of regulation with individual privacy as required by the GDPR. Together with very low and stable transaction fees, high transaction speeds, and finalization without the possibility of rollbacks, Concordium is uniquely positioned to offer forward-thinking businesses and application developers, unrivaled security, privacy, transparency, and most importantly, in support of meeting the compliance requirements.
Network fees are low, predictable, stable, and pegged to the Euro. With Concordium, businesses, developers, and traders can harness a safe and sustainable blockchain with high throughput, fast transactions, and predictable fees, all prerequisites for enterprise usage of permissionless blockchain.
Concordium is redefining the blockchain market as a player in a totally new category. The founder Lars Seier Christensen, Chairman of the Swiss-based Concordium Foundation says, “The new EU draft and imminent regulations of the crypto market in other places as well, require significant changes in the way current cryptocurrency transfers are made. It may pose a huge challenge for decentralized crypto solutions that hold anonymity as a core value, are committed to peer-to-peer (P2P) and self-custody. Moreover, many projects could be held back by their community from changing their solutions”.
Lars Seier Christensen who was also co-founder of Saxo Bank, one of the world’s first on-line trading platforms, and with a bank license adds: “Cryptocurrency regulation has been a hot topic across world governments for some time. Although blockchain is by nature decentralized, with its P2P exchange and self-custody, it has been clear to me that regulation is inevitable. From inception, we anticipated this, and have uniquely incorporated an encrypted identity stamp into the protocol layer of our blockchain”.
AscendEX is a global cryptocurrency exchange with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.
AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage.
To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.ascendex.com.
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Concordium is a public-permissionless, science-backed blockchain, designed to balance privacy with accountability through its ID layer. The protocol level ID, ensures that every wallet is associated with a real-world identity that has been verified through a 3rd party ID provider. By leveraging zero-knowledge proofs, Concordium is able to provide users with full privacy while using the blockchain, but still ensures accountability. For developers and users, it provides a fast, secure, and highly capable platform that makes building and using dApps a simpler, more accessible task. The platform’s native payment coin, known as CCD, is used for paying transaction fees, staking, and as a reward for node operators. Concordium differs by offering nearly instantaneous, real finality with low transaction fees, stable in FIAT terms. For more information: concordium.com.
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