A little known altcoinhas found itself in the middle of a meteoric price rally after gaining support from leading crypto exchange Coinbase. In a new blog post, the company said, Assemble Protocol (ASM) Announced that it will begin listing on Coinbase Pro on October 21.
According to CoinGecko, this move is undervalued. cryptocurrency It saw the price of its unit rise 217 percent from $0.03 to $0.10 in just one day.
ASM; designed to connect payment providers, consumers and retail traders; It is an Ethereum token that powers Assemble Protocol, a platform where users and traders can collect, manage and spend reward points. In Assemble, point providers and retailers can organize special events or promotions that provide benefits such as discounts for ASM holders.
The protocol was created as a way to address several common issues with points-based customer loyalty programs:
“First of all, the points given to the customers are recorded as a liability by the point provider. This is basically why points have specific expiration dates, which causes a conflict between companies and customers…
Second, customers have little choice to redeem their points within the given validity period, which clearly leads to dissatisfaction…
Finally, customer points… are scattered across various loyalty programs, which complicates the points management process.”
Assembly Protocol aims to solve these problems by allowing participants to redeem their loyalty points as they would use cash, anywhere and anytime in the world.
ASM has since stabilized, changing hands at $0.10 at the time of writing, according to CoinGecko data.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.