Assemble Protocol (ASM) is a blockchain-based platform that integrates and tokenizes reward points from various industries, allowing users to accumulate, trade, and spend them on goods and services within the platform. It operates on the Ethereum network and uses a two-token system: ASP for transactions and ASM for staking and incentivizing network participants.
The Assemble Protocol (ASM) is a blockchain-based global point integration platform that enables users to aggregate and spend reward points from various vendors. Here is how it works:
- Earning Points: Users earn points from shopping activities across different vendors and industries.
- Tokenization: These points are tokenized into ASM tokens, which can be freely used, traded, or exchanged for other assets.
- Marketplace: The Assemble Protocol offers a marketplace where users can spend their ASM tokens to purchase items from participating businesses.
- Conversion: Users can convert their ASM tokens into other cryptocurrencies or fiat currencies directly on the app.
- Staking: The ASM token is also used for staking, which unlocks various benefits and incentives across the network.
- Payment: Retailers are required to pledge a sum of ASM tokens to provide points or sell goods and services on the Assemble Marketplace.
Overall, the Assemble Protocol aims to create an open marketplace where consumers can accumulate, tokenize, and spend their rewards on various goods and services from platform-supported merchants.
To store Assemble Protocol (ASM) tokens, you need to follow these steps:
Set up a compatible wallet: Ensure you have a wallet that supports the ERC-20 standard, as ASM is an ERC-20 token. Examples include Trust Wallet and other compatible wallets.
Generate a wallet address: Open your wallet and tap the 'Receive' button to generate a QR code and wallet address. This address will be used to receive your ASM tokens.
Purchase ASM tokens: Buy ASM tokens on various cryptocurrency exchanges after setting up an account and completing the necessary Know-Your-Customer (KYC) steps.
- Transfer tokens to your wallet: Once you have purchased the tokens, transfer them to your wallet using the generated wallet address. This ensures the secure storage of your ASM tokens.
To buy Assemble Protocol (ASM) tokens, follow these steps:
Choose a Crypto Exchange:
- Uphold: A top exchange in the United States and the UK, known for its ease of use and innovative features.
- Gate.io: Another popular exchange where ASM tokens can be purchased.
- Coinbase: Supports ASM trading, but availability might vary depending on your location.
Create an Account:
- Verify your email address and identity to set up your account on the chosen exchange.
Make a Deposit:
- Use a debit card, credit card, wire transfer, or Bitcoin (BTC) to fund your account.
Buy Assemble Protocol (ASM):
- Use your deposited funds to purchase ASM tokens. You can also trade other cryptocurrencies like USDT, ETH, or BNB for ASM.
Store Your Tokens:
- Store your purchased ASM tokens securely in your exchange wallet or transfer them to a personal wallet for long-term storage.
Additionally, you can also use decentralized exchanges (DEXs) like Uniswap, but this option is recommended for advanced users due to the complexity of DEXs.