Assemble protocol: A Whole New Point Reward System
Assemble protocol is a blockchain platform that integrates global reward points. It includes matching point providers, retailers, and customers. Despite the immense growth of the global reward point system, there is a shortage of places where a user can profitably redeem these points. The global point reward market is worth over $168 billion, as per Yano Research Group, a Japanese research company. However, it is quite a dissatisfactory concept for all parties involved. Companies see reward points as a type of liability. Hence, they add an expiry date to these points. On the other hand, customers do not get enough options to cash in these points. Most companies see points as a marketing tool and nothing more. Some reward points do not get used at all since they are dispersed in a range of loyalty programs that cannot be cashed out. These issues complicate the process and make the points system outdated.
What exactly does Assemble Protocol bring to the party?
Assemble Protocol establishes three missions to accomplish primarily. Firstly, companies should open up new spots for customers to burn point liabilities that will in turn attract new customers. Secondly, point consumers i.e. customers should own loyalty points without additional tags like validity periods. Thirdly, retailers have to be supplied with brand new advertisement and marketing tools. In addition, they should be able to open up sales channels by themselves. Assembly protocol tries to solve the critical range of point market problems, It tries to meet somewhere in the middle of point provider issues and point consumer needs. They reserve a sizeable portion of proceeds towards developing an ecosystem that helps retailers.
Token Sale Details:
The official ticker of Assembly Protocol tokens is ASM. It is an ERC20 token you can hold in your Ethereum wallet. The total token supply is 1.5 billion ASM tokens. 20% of the total token supply is reserved for the token sale. That makes up 300 million ASM to go under token sale. 18% of the supply is reserved for strategic partners, 16% goes towards marketing, 14% goes towards the ecosystem, 12% goes towards the development and 10% goes towards the reserve. 5% each goes towards founders & team and advisory board. Early bird advantages are given to first movers and early adopters in the platform.
Update: The ASM tokens are currently trading at Coinone exchange and here is the direct link for the trading pair: https://coinone.co.kr/exchange/trade/asm/
Team and partners:
They have some high profile brand partners like Oracle, Hyper DAO, AKG Ventures, Blockchain Ventures, Coin One, Wan chain, and STA1.com. The blockchain network security audit of the Assemble Protocol was conducted by Slow Mist. Yim Bim Lee, Law Firm representative and Legal Director at JWL Investing Co. Ltd is the CEO of this project. Gyu-do of Style.com is the co-founder of this venture. They have got a mix of young and old team members onboard. The entire team is based in South Korea including back end developer, front end developer, and UI/ UX designer. They have got Alex Min, CEO of Reharvest on their advisory board, along with few more advisors on lines of legalities, business strategy, and blockchain. Again the entire advisory board is comprised of Koreans. However, their office HQ is located in Queen’s Road Central, Hong Kong.
Official Links:
Website: http://assembleprotocol.io/
Medium: https://medium.com/assembleprotocol
Kakao: https://open.kakao.com/o/goYU7n8b
Telegram: https://t.me/assembleprotocol
Facebook: https://www.facebook.com/Assemble-Protocol-102092401488638/
Twitter: https://twitter.com/ASSEMBLE_io
Reddit: https://www.reddit.com/r/ASSEMBLEprotocol
ANN link: https://bitcointalk.org/index.php?topic=5272762
My bitcointalk username: bigcash2011
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