Assemble Protocol (ASM) is a blockchain-based global point integration platform that enables users to earn points from their shopping activities and convert them to cryptocurrencies to be utilized as a form of payment.
This article is a guide to the Assemble Protocol where we will explore the project’s underworkings and the purpose of its native ASM token. The guide will also look at the price prospects for the token in 2024 and where to get ASM from.
Lastly, we will determine whether the Assemble Protocol is a legitimate cryptocurrency project.
So, let’s get started.
What is Assemble Protocol (ASM)?
According to a study by Japanese research group Yano, the global points market is worth close to $150 billion. However, one major issue curtailing the industry is that there exists no way for shoppers to convert their reward points into another currency for immediate use. As a result, most of these points go unused and expire.
There are three main issues that ASM developers have noticed in the global points market, namely, lack of transparency, ineffective marketing, and lost and expired points.
In a centralized point system, there was no way for the user to gain insight into the protocol’s activity. For instance, they have no way of knowing how many points they have without going directly to the store, or most companies don’t allow customers to use the points on products from other firms. Assembly Protocol has an intuitive mobile app that enables users to track their reward points and also analyze the health of the distributed network.
Another area where the Assemble Protocol excels is empowering businesses to build targeted marketing campaigns to get their products into the consumers’ hands as quickly as possible. The protocol provides point issuers with tools to track their products and also view how their strategies work.
It is a known fact that billions of points are lost yearly due to various reasons like lack of places to spend them, and having no way to convert the points into cash. Then there is the issue with points expiring after not being utilized. Assembly Protocol enables businesses to issue points to customers that can last indefinitely and can be used across various industries, markets, and e-commerce platforms.
These points can be converted into ERC-20 standard cryptocurrencies that can be traded on compatible decentralized exchanges (DEXs).
How Does it Work?
On the Assemble Protocol, users can earn points from a wide range of vendors and use them to purchase items across the ecosystem. Additionally, they can convert the reward points into ASM tokens, which can be swapped into other crypto or fiat currencies directly on the app.
The platform allows users to aggregate, manage, and spend reward points securely in a peer-to-peer manner. The Assemble Market is an online mall where users can spend their points at participating businesses. The Clubpass lets users pay for tickets to their favorite events and concerts. Assemble Protocol also entered into a strategic partnership with the e-commerce platform sta1.com, allowing users to receive discounts and purchase products using ASM.
What is the ASM Token?
ASM is the native utility token of the Assemble Protocol. The ERC-20 token takes advantage of Ethereum’s security and network validation capabilities. The platform’s users can convert their reward points into ASM or other crypto and fiat currencies to be used for payments or transferred globally.
ASM has a maximum supply of 1.35 billion tokens, from which, 680 million ASM is currently in circulation. The token is mainly used for payments on the Assemble Protocol but it can also be staked by users to earn more rewards points.
At the time of writing this article, ASM is trading at $0.1249 – up nearly 30% in the last 24 hours. Assemble Protocol achieved a 24-hour trading volume of $16 million.
How to Buy ASM Token?
Here is a list of crypto exchanges where Assembly Protocol (ASM) tokens can be purchased from:
Assembly Protocol (ASM) Price Prediction
In 2024, ASM price is expected to reach a potential high of $0.0361 or more. The estimation is based on the understanding that there will be more demand for the token as it continues to grow in the reward points market.
For 2025, ASM price is expected to continue to rise as the project will have firmly established itself as a prominent crypto project. ASM could reach a valuation of $0.0498 by the end of the year.
Is Assembly Protocol a Legitimate Crypto Project?
Assembly Protocol is an innovative blockchain and cryptocurrency project that seeks to redefine the global reward points market. The platform allows users to convert their points into ASM or other cryptocurrencies to be used to purchase products and services.
Additionally, ASM is built on the world’s largest DeFi ecosystem, Ethereum, which provides an added layer of security and interoperability among other blockchains. The project solves the issues related to lack of transparency, lost and expired points, and ineffective marketing when it comes to the reward points system.
I can say that the Assemble Protocol is a legitimate project. It has a big role to play in the future of the $150 billion global points market as the industry continues to evolve and embrace blockchain technology.
However, as is the case with every cryptocurrency, I recommend you research before investing in ASM. Always remember that you should only invest money that you can afford to lose.
