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Assemble Protocol

ASM

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About Assemble Protocol

ASM is an Ethereum token that powers Assemble, a platform where users and merchants can aggregate, manage, and spend reward points. On Assemble, point providers and retailers can run special events or promotions, providing benefits like discounts for ASM holders.

Assemble Protocol, represented by the ASM token, is a blockchain-based platform that aims to integrate global points. The protocol seeks to provide its users with the flexibility to use their points, akin to how they use traditional forms of value, without any restrictions related to time or location. The platform also aims to offer point providers and partners opportunities for business expansion and access to a diverse user base. The protocol's primary objective is to simplify the management of diversified points by integrating them into a single asset.

Assemble Protocol operates by allowing users to integrate their various points into a single asset, which can then be managed with ease. These points can be utilized in a variety of ways, providing users with flexibility and convenience. The protocol also offers a marketplace, the ASSEMBLE Market, where users can use their integrated points to purchase a variety of products. All payment data is stored on the blockchain, providing transparency and traceability. Additionally, the protocol allows for the conversion of integrated points into ASM tokens, which can then be exchanged in a straightforward process.

The potential use cases for Assemble Protocol are diverse and user-centric. Users can use their integrated points at the ASSEMBLE Market to purchase a wide range of products, from home appliances and beauty products to food items and gift certificates. This eliminates the need for users to keep track of multiple point systems and allows for a more streamlined shopping experience. Additionally, the protocol's point integration feature can be used by businesses to expand their reach and tap into a rich pool of users, providing them with additional opportunities for growth.

The history of Assemble Protocol is rooted in its mission to provide unrestricted opportunities for users to use their points, similar to traditional forms of value, anywhere in the world without any time or place constraints. The protocol has grown to collaborate with partners that have a cumulative total of over 750,000 users and work with more than 3,500 shopping malls and 180 affiliated clubs. The platform has seen user engagement, with over 2.8 million total downloads and more than 750,000 total users. Assemble Protocol continues to aim to achieve its goal of integrating diversified points into a single, easily manageable asset.

The protocol uses ASM utility tokens to establish a business ecosystem where points can be exchanged for a single token, providing users with the potential to utilize their points in a more flexible manner. Assemble Protocol uses big data processing and machine learning applications to analyze customer behaviors and patterns. This approach intends to modify the efficiency and effectiveness of reward point systems, preventing the loss of millions of reward points every year and providing a method for users to potentially convert their points into non-monetary rewards.

Assemble Protocol has established partnerships with ClubPass and TooMics, which have contributed to the utility and use cases of its ASM tokens. ClubPass, an application that provides tickets for club admission and other related events, has collaborated with Assemble Protocol to integrate and utilize existing points and miles. This partnership seeks to enable users to utilize their points more effectively. TooMics, a Webtoon Platform in South Korea, has also partnered with Assemble Protocol for cross-promotional marketing initiatives. This collaboration intends to engage more customers through mutual cooperation and joint marketing. These partnerships strive to enhance the utility of ASM tokens and the Assemble Protocol ecosystem.

Assemble Protocol incorporates its native token, ASM, as a crucial element in its blockchain-based global point integration platform. The protocol enables users to earn, accumulate, and utilize points, akin to non-monetary rewards, without any restrictions related to time or location. These points can be transformed into ASM tokens, which can subsequently be utilized within the Assemble ecosystem or exchanged for other digital assets. This system seeks to mitigate the annual loss of a substantial number of points, a common occurrence in conventional reward systems due to expiration or limited redemption options. Moreover, ASM tokens can be utilized in a variety of sectors such as education, cultural activities, hobbies, fashion, and beauty, offering users a broad spectrum of utilization possibilities. The Assemble Protocol aims to develop a transparent and efficient token ecosystem while maintaining the integrity of blockchain technology.

Assemble Protocol aims to maintain the integrity and transparency of asset tokenization through a combination of robust measures, blockchain technology, and regulatory compliance. Key measures include encryption, request signatures, and the storage of tokens in cold wallets. Regular monitoring of transactions and platform activity is also a crucial part of the protocol's operations. Assemble Protocol utilizes blockchain technology and smart contracts to maintain transparency and integrity. Compliance with regulatory requirements is a priority to align with user expectations and regulatory standards. The protocol also uses a decentralized asset registry to maintain transparent and neutral asset ownership, allowing for audits and verification of asset ownership. Smart contracts are implemented to automate the transfer of asset ownership and enforce the terms of an asset's ownership. Storage solutions are used for physical assets to maintain their condition. These measures strive to provide an environment for asset tokenization on Assemble Protocol that is transparent and adheres to the highest standards.

The ASM token from Assemble Protocol provides several features for users participating in decentralized lending and borrowing. It presents an opportunity for users to receive non-monetary incentives through participation in the platform's ecosystem. This includes receiving tokens distributed during airdrops. The ASM token is a governance token, giving participants a voice in the project's future decisions, which is relevant to participants interested in decentralized finance and community-led projects. The Assemble Protocol enables users to convert their rewards points into ASM tokens, which can then be utilized across the platform or converted into other cryptocurrencies. This feature intends to address the issue of rewards points expiration, a common issue in traditional rewards programs. The Assemble Protocol's decentralized nature aims to uphold privacy and security for users, seeking to reduce dependency on intermediaries and providing a transparent, immutable, and automated system for lending and borrowing.

Assemble Protocol strives to facilitate the creation of synthetic assets within its ecosystem by leveraging blockchain technology and smart contracts. Synthetic assets are financial instruments that aim to track and mimic the behavior of another asset without requiring users to hold that asset. This is achieved through a process known as 'minting', where users allocate a specific amount of cryptocurrency or other digital assets as collateral, enabling them to mint or generate the synthetic asset. The value of the synthetic asset is typically pegged to the value of the underlying asset it represents. Once minted, synthetic assets can be exchanged on appropriate platforms that support their trading. The value of these synthetic assets is intended to be maintained by accurate and up-to-date information about the value of the underlying asset, provided by price oracles. These oracles fetch the current prices of the underlying asset from various sources and feed them into the smart contract, ensuring the synthetic asset’s value remains in sync with the real-world asset.

Market

Australia Market Stats

Market cap

A$73.0M

Volume (24h)

A$3.0M

Circulating supply

1.5B ASM

Typical hold time

13 days

Popularity

#606

All time high

A$1.00

Price change (1h)

-0.84%

Price change (24h)

-5.04%

Price change (7d)

-5.04%

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Social

Some highlights about Assemble Protocol on social media

8 unique individuals are talking about Assemble Protocol and it is ranked #478 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Assemble Protocol has an average sentiment score of 3.3 out of 5. Finally, Assemble Protocol is becoming more newsworthy, with 0 news articles published about Assemble Protocol. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Assemble Protocol. There were 66.67% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Assemble Protocol. 33.33% of tweets were neutral about Assemble Protocol. These sentiments are based on 36 tweets.

On Reddit, Assemble Protocol was mentioned in 0 Reddit posts and there were 0 comments about Assemble Protocol. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

8 people

Volume rank

#478

Average Sentiment

3.3 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Assemble Protocol is on the decline this week.

The price of Assemble Protocol has decreased by 0.84% in the last hour and decreased by 5.04% in the past 24 hours. Assemble Protocol’s price has also fallen by 5.04% in the past week. The current price is A$0.0495 per ASM with a 24-hour trading volume of A$2.97M. Currently, Assemble Protocol is valued at 95.04% below its all time high of A$1.00. This all-time high was the highest price paid for Assemble Protocol since its launch.

The current circulating supply of Assemble Protocol is 1,469,999,910 ASM which means that Assemble Protocol has as total market cap of 1,469,999,910.

FAQ

What is the current price of Assemble Protocol?

We update our Assemble Protocol to AUD currency in real-time. Get the live price of Assemble Protocol on Coinbase.

What is the market cap of Assemble Protocol?

The current market cap of Assemble Protocol is A$72.97M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Assemble Protocol?

The all-time high of Assemble Protocol is A$1.00. This all-time high is highest price paid for Assemble Protocol since it was launched.

What is the 24 hour trading volume of Assemble Protocol?

Over the last 24 hours, the trading volume of Assemble Protocol is A$2.97M.

What other assets are similar to Assemble Protocol?

Assets that have a similar market cap to Assemble Protocol include QuarkChain, Star Atlas, Streamr, and many others. To see a full list, see our comparable market cap assets.

How many Assemble Protocol are there?

The current circulating supply of Assemble Protocol is 1.5 billion.

What is the typical holding time of Assemble Protocol?

The median time that Coinbase customers hold Assemble Protocol before selling it or sending it to another account or address is 13 days.

What is the relative popularity of Assemble Protocol?

Assemble Protocol ranks 96 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Assemble Protocol?

Currently, 63% of Coinbase users are buying Assemble Protocol. In other words, 63% of Coinbase customers have increased their net position in Assemble Protocol over the past 24 hours through trading.

Can I buy Assemble Protocol on Coinbase?

Yes, Assemble Protocol is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Assemble Protocol guide.