ASSEMBLE PROTOCOL: A WHOLISTIC REVIEW
The ASSEMBLE protocol is a global point aggregation framework blockchain - based. Blockchain technology on the other hand is defined as a database framework that is open, impenetrable and decentralized. Blockchain technology can be seen to be implemented first in the area of cryptocurrency or cryptocurrency. Blockchain's decentralization function is often utilized for digital asset management and its specifications have been thoroughly tested by the industry. The avoidance of situational factors from gaining access and altering encrypted data is one benefit of blockchain technology. Openness, on the other side, helps boost the integrity of the network system, while its cryptographic protection enables transactions to be carried out in a secure and cost-effective manner.
ASSEMBLE protocol is a global point application framework for blockchain centered on ASM utility token processing, while developing a market ecosystem that can incorporate, utilize, and commercialize current points and miles to point suppliers , customers, and marketers. ASSEMBLE protocol seeks to correct the flaws associated with the scoring/reward system often initiated by businesses. For instance, in a shop or store, you make purchases and you accumulate bonus points in order to obtain prizes, but you don't know how to utilize them, you have trouble using them or you have trouble redeeming their points. Even as a number of new milestones are quickly emerging and expanding the market. But the method of earning points still experiences challenges, which will cause complications for customers , particularly loyal customers, users. Three major problems identified by the ASSEMBLE protocol as regards reward system are:
✔After a succession of sales periods of your products, the dispute between the demands of the consumer and the manufacturer, the amount of bonus points you get will be accrued, but if you use it forever, actually. The reality isn't. In other words, if a product expires, your points will be wasted. Your points can only be used while the item is on the market. This negatively impacts customer needs.
✔In the incentive redeem process , consumers have very few options, which can create trouble and bother clients. It's tough to find a business with lots of opportunities for its clients that has a redemption program.
✔Finally, in rewards program, the client incentive points are also distributed with how to handle incredibly nuanced incentives and problems.
As a result of these challenges, ASSEMBLE protocol was designed and some of its main objectives includes:
Firstly, points from the retailer can be substituted if the item expires with a different one for the consumer, which creates interest and encourages even more consumers to buy.
Secondly, In the reward scheme, the points of the user will not be restricted: the points of the customer will be accrued and there will be no time constraint to use the bonus points, consumers will have more possibilities. To shop and maximize the satisfaction of the items they enjoy.
Furthermore, as described above, the loyalty program enhances, retailers often get many advantages, retailers only need to concentrate on expanding their business channels. They are combined with several methods for ads.
Essentilly, the fundamental concept behind the ASSEMBLE Protocol is to provide consumers anywhere in the globe with ample opportunities to use their points, equivalent to when they use money. There are certain time and venue limitations. And to give more prospects for points services and ASSEMBLE clients to further increase their revenue and achieve a super wealthy consumer base.
ASSEMBLE TOKENS
ASSEMBLE tokens are utility tokens used on the assembly system and are digital assets, the price of which is calculated by the market demand for the token. ASSEMBLE tokens can be bought on the ASSEMBLE or digital asset exchange site, and can also be received inside the ASSEMBLE platform as a reward. By buying and stacking existing assembly tokens, assembly token holders will achieve significant advantages. The ASSEMBLE platform allows additional activities and promotions with point suppliers or associates for assembly token holders and offers various advantages, such as product price discounts and other incentives. When ASSEMBLE token transactions is initiated, it is transferred to the holders or a buy-back mechanism is enforced by offering several advantages to assemble token holders, thereby creating a virtuous cycle system in which the value of the assembly token can be retained and improved.
ASSEMBLE is a platform where the 3 main elements of a point transfer, marketplace, and framework can be utilized by all participants, and each participant creates a network by accessing the additional information from the ASSEMBLE framework.
CONCLUSION
The ASSEMBLE Protocol uses its own utility token, ASM, to provide point providers and customers with a blockchain-based point integration network, and links consumers to associated stores with appropriate buying power. It is an environment of virtuous business cycles that supports all affiliates. ASSEMBLE Protocol paid due attention to the issue that, due to lack of use, customers can not acquire points, even though the global point market is increasing quickly each year.
You can get more information about ASSEMBLE protocol by checking
Website: http://assembleprotocol.io/
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Facebook: https://m.facebook.com/Assemble-Protocol-102092401488638
Twitter: https://mobile.twitter.com/ASSEMBLE_io
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