ASSEMBLE Protocol Rallies 200% Following Coinbase.com Listing
23 Octubre 2021 - 6:26AM
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ASSEMBLE Protocol made its debut on the Coinbase Pro exchange on
Wednesday 20th October 2021 according to the official disclosure
made by Coinbase. ASSEMBLE Protocol’s token ASM was listed
following massive demand from the community on the largest
NASDAQ-listed U.S cryptocurrency exchange – Coinbase. The ASM token
powers the Assemble Platform, which is purported at managing and
spending integrated reward and loyalty points. Anticipation had
been on the rise among holders ahead of the listing. With a user
base of around 750,000, the project was primed for a big listing.
ASM has also listed on Gate.io and Bithumb Korea, both highly
reputable exchanges in the crypto industry. Listing on the Coinbase
Pro proves how much faith the market has in the token and has
sparked massive adoption since its inception. It should also be
noted that Coinbase.com has listed the ASM token on its major
platform the day after the ASM-USD and ASM-USDT pairs were enabled
on Coinbase Pro. Coinbase Pro Listing Effect The announcement came
on Wednesday and confirmed that users can now transfer ASM tokens
into their accounts for trading on Coinbase Pro. Coinbase will
provide support for ASM in supported jurisdictions, the post read.
ASM tokens can be traded on the exchange using the ASM-USD and the
ASM-USDT trading pairs. Given the influx of trading volume
following the listing, ASM’s price surged. The first 24 hours
following the listing saw the price of the digital asset gain over
200%. This sent the price of the asset towards five-month highs.
Listing on Coinbase Pro put an end to the long-suffering months
that had followed its high in April. Transaction volume also grew
ahead of the listing. ASSEMBLE Protocol reported that it had seen a
26,000% jump in transaction volume, which is attributed to
anticipation of the Coinbase listing. ASSEMBLE Protocol Launches
Web Version ASSEMBLE Protocol has made another stride in its
efforts towards accommodating the growing adoption of its platform.
The project launched a desktop version of the South Korean mileage
integration protocol. Previously, users could only access the
platform through Android and iOS applications. However, with the
completion of the web version, ASSEMBLE Protocol broadens the
avenues through which consumers can access its services.
Innovations like these have become important given the rate of
adoption of the protocol. The Coinbase Pro and Coinbase.com listing
triggered a huge influx of trading volume of both centralized and
decentralized exchanges, which peaked at $500 million. What Is
ASSEMBLE Protocol? ASSEMBLE Protocol is a mileage integration
protocol built on the Ethereum blockchain. The project utilizes the
power of the blockchain to provide consumers with a platform where
they can aggregate, manage, and spend mileage and reward points.
The unified wallet is connected to leading firms to convert loyalty
points into a unified reward point ASP, which users can then
convert to ASM tokens. The idea behind ASSEMBLE Protocol is not a
novel one, other projects have offered the same services. However,
a defining factor has been the success rate of ASSEMBLE Protocol.
Consumers can spend or convert their loyalty reward points right
from inside the platform. 2021 has been especially important for
the project with multiple listings on major exchanges and a
database of approximately 750,000 users. Massive adoption is
expected in the days and weeks following the Coinbase Pro listing.
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