Assemble tokens are utility tokens used in the assemble platform, and are digital assets whose price is determined by the demand of the token in the market. Assemble tokens can be purchased on the assemble platform or digital asset exchange , and can also be obtained as a reward within the assemble platform.
Assemble token holders can gain additional benefits by purchasing and staking existing assemble tokens. The assemble platform allows additional events and promotions for assemble token holders with point providers or affiliates, and provides various benefits such as product price discounts.
By granting various benefits to assemble token holders, when assemble is activated, it is returned to the holders or a buy-back policy is implemented, thereby forming a virtuous cycle structure in which the value of the assemble token can be maintained and increased.
The assemble point token is a payment method that is actually used within the assemble platform. Consumers can purchase assemble tokens, convert them to assemble point tokens, and use them, and convert assemble point tokens back to assemble tokens. In order to reduce the risk of the assemble token's price volatility and use it as a payment method, the price is fixed at 1 ASP = 1 KRW.
The price of the assemble token is updated in real time by interlocking with the digital asset exchange, and the number of conversions is determined by converting into assemble point tokens based on the real-time assemble token price. The assemble point token can be used as a means of payment and staking only within the assemble token platform, and it cannot be transferred or traded to an external platform.
Assemble is a space where all participants can utilize the three core components of a point exchange, marketplace, and data infrastructure, and each participant builds an ecosystem by receiving the following services from the assemble platform.
Point integration and monetization
- Point exchange: This is the main function of the point exchange. When a consumer pays for a product, they can receive points from a point provider and exchange them for tokens, or they can exchange points received previously for tokens. Tokens will be paid to the token wallet in the assembly. When a consumer transfers points received from a point provider to a point exchange and exchanges them for assemble tokens or assemble point tokens, the consumer pays a certain amount of commission to the platform.
- Point Provider Assemble Token Staking: In order for a specific point to be converted into an assemble token on the point exchange, the point provider must stake a certain amount of assemble point tokens.
- Automatic trading system: When a consumer transmits the points received from the point provider to the point exchange, the point exchange must pay the consumer an assemble token. Tokens are purchased at an exchange linked in real time with the point exchange and paid to consumers. To this end, an automatic trading system is established at the point exchange. The automatic trading system evaluates the value of the points sent by the consumer, purchases an assemble token of equivalent value on the digital asset exchange, and pays the consumer.
- Point settlement system: Whenever a consumer exchanges points from a point provider for assemble tokens on a point exchange, points from various point providers are accumulated on the point exchange. A point settlement system using batch processing is established to solve the points accumulated in the point exchange. The batch processing cycle is 24 hours, and data is sent to the point provider. The point provider pays for the disappearance of points to the assemble platform based on the transmitted data.
Point utilization
- Market: A marketplace is a space where product transactions take place using assemble point tokens. Sellers can sell their products and services on the marketplace, and pay a portion of the revenue as a sales fee. Consumers can purchase a variety of products provided by sellers on good terms, and after purchase, additional rewards can be obtained through reviews or community participation.
- Seller Staking: The seller of the marketplace is a consumer or affiliate. Only participants who have staked a certain amount of assemble point tokens to prevent sellers from engaging in malicious behavior are given the right to register products in the market.
- Marketplace Rating System: As the assemble point tokens are staked or the amount of goods purchased is accumulated, consumers receive an additional discount on the marketplace. Depending on the grade, there is a difference in the additional discount rate and payback size when purchasing an item, and promotions that are only available to consumers above a certain grade are provided. Marketplace ratings are divided according to member score. The membership score that determines each level is planned to be changed in a direction that can induce active participation of consumers as the platform is activated in the future.
Advertising
In the assemble platform, various payment data such as consumer activities and patterns are accumulated to establish a database infrastructure. Data accumulation is stored in the blockchain, and the stored data is used for the execution of stored advertisements. Advertisers process data in the assemble platform data infrastructure, classify consumers that meet the purpose of advertising, and advertise on the assemble platform for them. At this time, the advertiser pays advertising costs for the assembly. Consumers can decide in advance whether to consent to receive advertisements.
When receiving an advertisement, the consumer receives an assembly point token as an advertisement exposure compensation. In addition, by setting the level of assemble point token advertisement compensation, consumers can receive only advertisements for which assembly point tokens above a certain level are paid as compensation, thereby being protected from reckless spam advertisements. From the advertiser's point of view, it has the effect of increasing consumer satisfaction by minimizing advertising execution costs and providing assemble point tokens to consumers.
This is due to the structural characteristics of the assemble platform without an intermediary agency for advertising execution. Examples of the types of advertisements that advertisers can execute through assemble point tokens are as follows. Details may change in the future, and other forms may be added depending on the size of the data infrastructure.
- Banner advertisement: Banners are created on various pages within the assembly platform. Advertisers can use banners to target specific people to expose their products or services, and pay advertising costs according to the number of clicks.
- Push advertisement: This is a function to send short advertisement text or images in the form of an alarm to users of the assembled mobile application. It is a function to receive feedback from users in real time. Follow-up advertisements are conducted only to target users at the optimal time by utilizing user data on push notifications.
- Pop-up advertisement: It is a tool that displays advertisements by using pop-ups when users of the assembled mobile application or web version first access or access a specific page. The advertiser may set target customers to perform pop-up advertisements only to specific customers, or may show pop-up content customized according to the age or gender of the target customers in some cases.
- Time Deal: This is a tool that allows you to set a specific time to sell products at a lower price. Advertisers can use the time-deal function at the most effective time by using the access time and purchasing power data of target customers.
- Special exhibition: Advertisers can target customers with similar needs and conduct special product exhibitions with similar needs. Advertisers can directly set a theme and conduct a special exhibition that fits the theme to apply additional discounts or draw attention to users.
Assemble Token Issuance Plan : The total amount of assemble tokens issued is 1.5 billion. From 1.5 billion assemble tokens, 300 million assemble tokens allocated at 20% will be sold through ICO . When the ICO is over, all unsold tokens will be burned.
The assemble tokens allocated to the team, founders, advisors, and initial investors are locked up by smart contracts and will not circulate during that period. After fundraising, the funds are distributed and operated in the same way as sales and marketing (30%), development (30%), operation and business (20%), and others (20%).
If the target is not achieved, the funding will be adjusted according to the priorities for project development by revising the original allocation plan. The revenue generated from the assemble is used for technical support, promotion, assemble operation and financial management purposes, and will be used in future buyback policies to stabilize the value of the assemble token.
Reference :
Assemble Protocol Official Homepage : http : //assembleprotocol.io
Whitepaper : http://assembleprotocol.io/paper/assemble_whitepaper_ver1.0_ENG.pdf?200820
Official Facebook : https://www.facebook.com/Assemble-Protocol-102092401488638/?modal=admin_todo_tour
Official Twitter : https://twitter.com/ASSEMBLE_io
Announcement Bitcointalk : https://bitcointalk.org/index.php?topic=5272762
Official Telegram : https://t.me/assembleprotocol
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Ethereum Address : 0x776b7fc3D8527FebC7943EA5D3D5F623C2A66b71