New patent by Assemble Protocol is official!

ASSEMBLE Protocol
ASSEMBLEPROTOCOL
Published in
2 min readAug 22, 2023

Dear Assemble Protocol,

We are excited to announce that ASSEMBLE Protocol has attained the coveted patent registration for a pioneering system that seamlessly converts virtual currency points of cryptocurrency enthusiasts into robust blockchain-based cryptocurrencies. This achievement has solidified its official recognition within the patent office.

With this patent milestone, ASSEMBLE platform users are now empowered to effortlessly and securely exchange virtual currency points for cutting-edge blockchain-based cryptocurrencies. The system, in conjunction with its server and application, presents a transformative solution for converting user points into blockchain-powered cryptocurrencies. Of particular significance is its ability to facilitate the conversion of redeemable points issued by credit card companies, telecommunication providers, and analogous entities into cryptocurrencies.

When a user initiates a point conversion request, the system adeptly mirrors the corresponding quantity of cryptocurrencies based on the prevailing cryptocurrency prices. Ensuring prompt accessibility to the requested cryptocurrency, a tangible reserve comprising actual cryptocurrencies is meticulously maintained. In tandem, a mechanism for trading futures contracts linked to the opposite position of the reserve’s cryptocurrencies has been ingeniously devised to safeguard the reserve’s value.

Integral to this patent is the inclusion of a reserve management component, seamlessly transmitting pertinent information regarding traded futures contracts to the server. This dynamic interaction culminates in the construction of the reserve, ingeniously merging actual cryptocurrencies and cryptocurrency futures contracts.

As the patent application matures into full-fledged registration, the seamless advancement of ASSEMBLE 2.0 beckons on the horizon, poised for unveiling. Your sustained interest in this evolution is genuinely appreciated. Thank you for your engagement.

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