Internet City, Dubai–(Newsfile Corp. – April 24, 2022) – LBank Exchange, a global digital asset trading platform, will list ASSA WORLD COIN (ASWC) on April 25, 2022. For all users of LBank Exchange, the ASWC/USDT trading pair will be officially available for trading at 14:00 (UTC+8) on April 25, 2022.
Figure 1: LBank Exchange Will List ASSA WORLD COIN (ASWC) on April 25, 2022
Providing people with reliable connections, platforms have become the major driving force for global economy. However, there are still many issues existing in the platform economy, including monopoly business environment. To solve these issues, Autonomous Social Smartlife Association (ASSA) proposes a protocol economy model that integrates blockchain technology with the existing platform business model, produces, sells, and distributes services and goods in cyberspace through virtual assets. Its native token ASSA WORLD COIN (ASWC) will be listed on LBank Exchange at 14:00 (UTC+8) on April 25, 2022, to further expand its global reach and help it achieve its vision.
Introducing Autonomous Social Smartlife Association (ASSA)
ASSA stands for Autonomous Social Smartlife Association and is a cooperative for autonomous, social and smart life. If participants want a transaction, they can make a transaction, if they want to provide a service, they can make a request, and if they want to supply a service, they do so. The ASSA platform allows autonomy for anyone to participate and use. For each participant, a Decentralized Identity (DID) is issued to them, which can be used to prove their identity when using the ASSA platform.
All activities of ASSA platform participants are recorded on the blockchain. In the event of a problem, an autonomous judgment is made based on the information written in the blockchain, and actions are taken according to the result.
Unlike traditional platforms that monopolize most of the profits, the ASSA platform will return its profits to all participants in an equitable way. It follows the consensus set forth in the initial protocol when problems arise between participants, and the protocol can be changed through participants’ proposals for change, voting, etc. according to a democratic procedure.
The innovation of the ASSA platform is equipped with low fees, trust building through Token Ecology, and governance in which participants directly decide policies. Through ASSA platform, the team seeks to improve the problems occurred in B2C, O2O, and C2C platforms, and build a lifestyle platform that can satisfy consumers, sellers, and intermediaries by introducing DAO.
About ASWC Token
Anyone can participate in the ASSA platform, but they are granted more power only by depositing a certain amount of ASWC token. This has the advantage of easy expanding the Token Ecology and securing the marketability of the token. The proposer of ASSA platform consensus must deposit more than a certain amount of ASWC, as well as participating in the process of proposing, requesting,…