DIFFERENT TOKENS AND THEIR USE IN THE ASSEMBLE PROTOCOL PLATFORM
I am optimistic that by the end of all my articles on the excellent array of features obtainable on the ASSEMBLE protocol platform you will understand aspects like the procedure, data tracking/storing and processing, that are carried out with the usage of the IPFS (distributed storage system), DIP and spark technologies, different token obtainable within the assmble protocol platform
WHAT IS ASSEMBLE PROTOCOL
ASSEMBLE PROTOCOL was created to be a blockchain based global point Integration system, in the ASSEMBLE protocol ecosystem the Point vendors which are business, together with consumers and retailers are connected by the assemble protocol platform serving as a main channel to solve mainly the problems affecting the bonus market. Not to also forget that points will be used and recognized as a valuable asset globally in the ASSEMBLE PROTOCOL.
TALKING ABOUT ASM TOKEN
One of the most auspicious uses of Blockchain technology is the formation of digital assets which is representing values. These digital assets are known as tokens and their defined values may either be monetary, or identity, or can also be a representation of real time assets like company shares, also raw
materials, real estate, etc. Blockchain platform like Ethereum platform allows users to safely create and use tokens heavily backed up by smart contracts.
The ASM token is a utility token used as a digital asset within and outside the Assemble protocol platform, just like any other token out there ASM value/price are determined by market forces of demand and supply. You can buy ASM tokens from ASM platform ,From any cryptocurrency exchange in which it is listed on or as rewards for successful task performed.
TALKING ABOUT ASP TOKEN
ASP is the second token on the Assemble protocol platform, consumers will have to first of all purchase the ASM and then convert it to ASP tokens or vice versa. Because ASM is not a stablecoin it's price fluctuations has been duely managed by fixing 1 ASP=1 KRW.
DIFFERENCES BETWEEN ASM & ASP TOKENS.
ASM (ASSEMBLE TOKEN) ASP (ASSEMBLE POINT TOKEN)
The Asssemble token (ASM) and Assemble token point (ASP) are both ERC 20 standard token built on ethereum blockchain,
● The ASSEMBLE token (ASM) Is a point integration token which can be used as a utility token for various functions where as the ASSEMBLE point token is Only usable within the ASM platform.
● The Assemble token (ASM) is used as a Means for obtaining ASP tokens, means for integrating points or cashing them out, while the Assemble point token is used as a Means for point provider, seller users staking or means for payment for goods and services.
● For the ASSEMBLE token (ASM) the Price is determined by the market forces of demand and supply, for the Assemble point token (ASP) it is to the ratio of 1 ASP = 1 KRW which is fixed.
● For the ASSEMBLE token (ASM) it Can be transferred externally while the Assemble point token (ASP) it Can only be transferred within the confines of the ASM platform
FINAL THOUGHT
From the above, the conclusion insinuate that the ASSEMBLE protocol company has every chance to lead the impediment in blockchain technology. With all indications Aasmble protocol looks like the project that can do it, a large part of this is to her experienced team, which has been constantly improving her knowledge for many years and applying them in real time practice. According to major forecasts, the project should rapidly build enough momentum and grow up while leaving far behind its many competitors within the space
For more details, use the official links below ;
Website: http://assembleprotocol.io/
Whitepaper: http://assembleprotocol.io/paper/assemble_whitepaper_ver1.0_kr.pdf?200820
Telegram: https://t.me/assembleprotocol
Twitter: https://twitter.com/ASSEMBLE_io
Facebook: https://www.facebook.com/Assemble-Protocol-102092401488638/?modal=admin_todo_tour
Reddit: https://www.reddit.com/r/ASSEMBLEprotocol/
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