The leading blockchain-based global point integration platform, Assemble Protocol has announced that its utility token, ASM, has been added to and given cold-storage custody solutions from one of the largest custodians in the crypto sphere, Coinbase Custody.
Coinbase Custody to provide cold-storage custody support for ASM
The support of ASM on Coinbase Custody was officially confirmed by the Coinbase Institutional on May 3 at 5 pm PDT and legitimized on Twitter.
Coinbase Custody now supports deposits and withdrawals for Assemble ($ASM) https://t.co/y4NV8jgtUP. pic.twitter.com/JKv8spS13l
— Coinbase Institutional (@CoinbaseInsto) May 4, 2021
According to its tweet, Coinbase Custody officially approved the ASM token and said it is to be added to its cold storage custody following technical and compliance reviews of the token. This is a significant milestone for Assemble Protocol because Coinbase Custody users can now access the token on a custodial platform that is considered to be one of the largest and most trusted crypto custody solutions for individual and institutional investors.
The addition of ASM to Coinbase Custody is expected to bring new levels of security and trust to the Assemble Protocol. As part of this custody support process, Coinbase Custody now will enable deposits and withdrawals for Assemble Protocol token. ASM token holders can now access a new option for the custody of their holdings.
It should be noted that Coinbase Custody offers custodian services for 90 digital currencies.
The Assemble Protocol team chose Coinbase Custody for the storage of its coin due to the platform’s reliability, security and transparency. Since its launch eight years ago, Coinbase Custody has not experienced any security incidents or loss of crypto assets to its platform because of a strict security protocol. In addition to the listing of ASM on Coinbase Custody, users can now safely deposit and withdraw funds without leaving the Coinbase platform.
Assemble Protocol as a unique blockchain platform
Assemble Protocol continues to make significant progress in its quest to provide users unrestricted opportunities to use their points without time or location constraints.
The blockchain protocol provides point integration where various points can be integrated and converted into the native ASM token or cashed out through a single process. In addition, Assemble provides consumers with multiple channels where they can use their points. Users can freely transfer their points or purchase goods and services within the Assemble platform.
Its unique ecosystem is developed with a data infrastructure where consumer data is consistently updated within the database, which means that advertisers can use the data to effectively run their advertisement campaigns.
When consumers pay for a product and receive points from the point provider, they can exchange these points to the ASM token via the Assemble platform point exchange. The point exchange provides a safe and secure place for point-to-ASM swaps to occur.
There is a marketplace within the platform where product transactions can be made using the ASM tokens. Consumers can purchase products from sellers in favorable terms while receiving rewards by leaving a review on their purchase experience or via community participation.
Staying true to its decentralized architecture, all data collected from consumer’s payments are stored on the blockchain. The stored data is further used for marketing purposes, as advertisers can process the data and channel their advertisements toward identifying consumer groups that fit their objectives.
Assemble has been able to secure major partnerships with top e-commerce platforms STA1.com and ClubPass in recent months. The two platforms combined have over 800,000 users. ASM is also listed on leading Korean exchange Bithumb and was recently listed in the Korean won market on the exchange.
The Assemble Protocol community continues to grow, and the listing on Coinbase Custody will only accelerate the blockchain platform. To learn more about Assemble Protocol, visit Assemble’s website and social media:
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