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.
- Integration of points and monetization
This is the principal function of the transfer of points. Users can receive points from a point provider and exchange them for tokens when a customer pays for a product, or they can exchange earned points points for tokens. Tokens are paid out in the platform to the token wallet. The customer pays a certain percentage of fee to the network when a customer transfers points earned from a point provider to a point exchange and trades them for assembly tokens or assembly point tokens. - Point Provider ASSEMBLE token Staking
The point provider must spend a certain sum of ASSEMBLE point tokens in order for a particular point to be transformed into an ASSEMBLE token on the point exchange. When a customer transfers to the point exchange, the points obtained from the point provider, the point exchange must pay the assembly token to the customer. Tokens are bought at an exchange that is connected to the point exchange in clear text and billed to customers. For this reason, an automated trading system is set up at the point of exchange. The automated trading system assesses the value of the points submitted by the customer, purchases an equal value assembly token on the digital exchange of properties, and pays the customer. - Point Utilization Market
A marketplace is a location where, using assembly point tokens, product transactions occur. Sellers are willing to sell their goods and services and pay a percentage of the income as a purchase fee. Consumers can buy a range of items offered on good terms by vendors, and extra incentives can be earned by feedback or group engagement after purchase. A buyer or partner is the seller within the marketplace. The right to advertise goods on the market is provided to only individuals who have staked a certain percentage of ASSEMBLE point tokens in order to discourage sellers from participating in illegal content or fraud.
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/
Telegram: @assembleprotocol
Facebook: https://m.facebook.com/Assemble-Protocol-102092401488638
Twitter: https://mobile.twitter.com/ASSEMBLE_io
WRITER DETAILS
TELEGRAM USERNAME: @Mendy99
BITCOINTALK USERNAME: Lasdon
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile
LINK TO PROOF OF REGISTRATION: https://bitcointalk.org/index.php?topic=5273500.msg55351497#msg55351497
ETH WALLET ADDRESS: 0x10E8D091e1D16a218C3218eE2d69e7AB1AEd6e10