Hello everyone, today I'm review Assemble project.
The First : What is ASSEMBLE
The ASSEMBLE protocol is a blockchain-based global point integration platform . In the previous articles, I also briefly introduced you to blockchain technology. Blockchain technology is often described as a decentralized, immutable, transparent, decentralized database network. They are exploited to store and store values. It can be seen that Blockchain technology is first applied in the field of cryptocurrencies or cryptocurrencies. Its decentralization feature is used for the storage of digital assets and the market has fully evaluated its features. One advantage of blockchain technology is the prevention of external factors from entering the system and modifying stored data. On the other hand, transparency helps it improve the reliability of the entire system, while its cryptographic support allows transactions to be carried out safely and efficiently, cost-effectively.
Through a strong protocol and especially blockchain technology , the project Protocol ASSEMBLE will be promising in the future. ASSEMBLY protocol is a blockchain global point integration platform based on ASM utility token mining, while building a business ecosystem that can integrate, use, and monetize existing points and miles to point vendors, consumers and retailers.
You make purchases in a store or supermarket and you accumulate bonus points to receive gifts but you don't know how to use them, you have difficulty using them or you have difficulty redeeming their points. although the market is rapidly developing and creating a series of new milestones. But the system of earning points still faces difficulties, which will cause discomfort for customers, especially loyal customers, members. The ASSEMBLE Protocol team has noticed a weakness in the scoring system. The reward system has 3 main problems:
The conflict between the interests of the customer and the producer, the number of bonus points you get will be accumulated after a series of trading sessions of your goods, but whether you use it indefinitely, actually. Reality is not. Your points can only be used while the item is on the market, in other words, if an item expires, your points will be lost. This seriously affects the interests of customers.
Customers have too few choices in the reward redemption process, which will cause trouble and offend customers . It's hard to find a company that has a redemption policy with lots of options for their customers.
Lastly, the customer reward points are often dispersed in loyalty program with how to manage extremely complex reward and trouble.
What is the ASSEMBLE Protocol Mission ?
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Stemming from the shortcomings of the existing reward system, the ASSEMBLE Protocol was established with three main goals :
Points from the manufacturer will be replaced with a new one for the customer if the item is expired, which creates excitement and stimulates the purchase of more and more customers.
The customer's points will not be limited in the loyalty program : the customer's points will be accumulated and there will be no time limit to use the bonus points, customers will have more opportunities. to buy and increase the experience with the goods they love.
Retailers : When the loyalty program improves as mentioned above, retailers also get many benefits, retailers just need to focus on developing their business networks. they integrate with many advertising tools.
In short, the basic idea behind the ASSEMBLE Protocol is to provide users with unlimited opportunities to use their points, similar to when they use cash, anywhere in the world. There are any time and place constraints. And to give points providers and ASSEMBLE partners more opportunities to further expand their business and reach a rich user base .
The assembly team identified these three as the team's mission and invented an assembly protocol that uses blockchain technology to materialize them. The assembly team will provide users with a transparent and secure token ecosystem using .
This project applies key chain technology by setting up an assembly protocol and includes 3 main points as follows :
Supplier scoreOnly consumersAffiliate stores as participants of the assembly protocol.
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.
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.
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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.
Summing
The ASSEMBLE Protocol utilizes its own utility token, ASM, to provide a blockchain-based point integration platform to point providers and customers, and connects consumers with sufficient purchasing power to affiliated stores. , It is a virtuous cycle business ecosystem that benefits all affiliates. ASSEMBLE Protocol paid attention to the problem that consumers cannot consume points due to lack of usage, even though the global point market is growing rapidly every year. Assemble provides consumers with a service that allows them to use points as cash anywhere in the world without any time and space constraints, and provides companies with additional business expansion opportunities and a diverse user pool. Style.com and YWMobile are key partners of assemble, and assemble will create an ASSEMBLE ecosystem that coexists with partners and establish itself as a blockchain project that is widely used worldwide.
Official Homepage: http: //assembleprotocol.io
Facebook: https://www.facebook.com/Assemble-Protocol-102092401488638/?modal=admin_todo_tour
Twitter: https://twitter.com/ASSEMBLE_io
Bitcointalk: https://bitcointalk.org/index.php?topic=5272762
Telegram: https://t.me/assembleprotocol
Author:
Bitcointalk Username: tungtung23
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2809834
ETH: 0x12560f13376946791CA30ED5a3d3f72f7f45c570