ASSEMBLE Protocol (ASM) price shows massive gains after listing on crypto exchange Coinbase. More so, this listing came after the Coinbase Pro listing. Following the listing, CEX and DEX platforms saw massive trading volumes peak above $500 million at their peak, followed by the listing on Gate.io, ranked as the 6th largest centralized exchange in the world.
ASSEMBLE Protocol, in essence, is a revolutionary platform for converting the loyalty points of the affiliate corporations into a single reward point ASP, which is then exchanged for the ASM token. In addition, the concept of bringing various mileages and loyalty points together into a single, unified, digital wallet is present in the South Korean market already.
Historically, several South Korean companies have previously tried to pioneer this industry by combining loyalty points and blockchain technology, but the ASSEMBLE Protocol has been one of the most successful ones based on the track record they have established. Currently, Apple and Android users are connected to their application through their database of around 750,000 users.
With its platform, ASSEMBLE connects top companies from different industries onto the Ethereum Mainnet in addition to providing consumers with multiple ways to redeem points.
ASSEMBLE offers users the ability to freely transfer their points or to purchase goods and services within the platform. In the recent past, the ASSEMBLE team has seen the establishment of a desktop version of the ASSEMBLE Wallet. As of now, users can exchange points and purchase eGift cards on the desktop, as well as in Android and iOS apps and mobile browsers.
Quick View on ASSEMBLE’s 2021 Achievements
The ASSEMBLES Protocol experienced the most growth in 2021. Coinbase Institutional announced earlier this month that they now support the ASM token for cold storage and custody. This opened the possibility of its other platforms being supported, especially Coinbase Pro.
ASM-USD / ASM-USDT have been added to Coinbase Pro’s platform as of Wednesday, 20th October 2021. Coinbase noted in an official blog post that the Coinbase platform will support trading, which will happen the next day after the listing.
Users who have Coinbase Pro accounts can, however, use inbound transfers and deposit ASM. Moreover, the ASM price increased by 200% following Coinbase Pro listing as one of the most crucial ASSEMBLE success factors. The volume of AMS transactions increased over 26,000% as a result of Coinbase listing.
