1. What is asm?

Introduction to ASM Cryptocurrency

ASM is the native token of the Assemble Protocol, which is a points platform based on blockchain technology. This platform allows users to tokenize points they earn from various loyalty providers and use them in a way that resembles using traditional currency.

How It Works

1. Point Conversion: Users can convert their accumulated points into ASM tokens using the points exchange available on the Assemble platform.
2. Using ASM Tokens: ASM tokens can be used in the Assemble Protocol Marketplace, enabling users to purchase various products with ASM tokens.
3. Rewards Mechanism: Assemble Protocol tokens can be earned as rewards for participating in the community or providing feedback after purchasing products from the Assemble Marketplace.

Uses of ASM Tokens

ASM tokens are used as a medium of exchange and payment method, allowing users to transact in the Assemble Protocol Marketplace.

2. Who founded asm?

According to the provided search results, there is no direct mention of who the founder of the Assemble Protocol (ASM) is. The results mainly provide information regarding ASM's price, functionality, and buying guides but do not mention its founder. Therefore, it is not possible to determine the founder of ASM from these search results.

3. Which venture capital firms have invested in asm?

Based on the information provided, here are the venture capital investment details related to the cryptocurrency space:

1. Axie Infinity: Led by Libertus Capital, with participation from Blocktower Capital, Konvoy Ventures, Derek Schloss and Stephen McKeon of Collab Currency, and Dallas Mavericks owner Mark Cuban, they completed a funding round of $7.5 million.

2. OpenSea: Led by a16z, with participation from Cultural Leadership Fund as well as numerous angel investors such as Ron Conway, Mark Cuban, Tim Ferriss, Belinda Johnson, Naval Ravikant, and Ben Silbermann, they completed $23 million in Series A funding and $100 million in Series B funding.

This information mainly pertains to investments in the cryptocurrency and NFT sectors. However, there are no clear details regarding what specific cryptocurrency or project “asm” refers to.

4. How does asm work?

How ASM Cryptocurrency (Assemble Protocol) Operates:

1. Point Tokenization: Assemble Protocol allows users to tokenize points earned from various points providers, converting them into ASM tokens.

2. Functions of ASM Tokens: ASM tokens serve two main functions: utility and staking. Users can use ASM tokens to purchase goods in the Assemble Protocol Marketplace, and they can also stake them on the platform.

3. Transactions and Exchange: Users can convert their accumulated points into ASM tokens through the points exchange on the Assemble platform, and then use these tokens in the Assemble Protocol Marketplace.

4. Security: ASM tokens are based on the Ethereum blockchain and utilize ERC standards for security and network verification.

5. Liquidity and Value: Assemble Protocol aims to enhance the liquidity and value of points, allowing users to use their points in a way that reflects their true value.

6. Community Participation: ASM tokens can be earned as rewards for community engagement or for providing feedback after purchasing products from the Assemble Marketplace.

In summary, Assemble Protocol enables users to flexibly use their points by tokenizing them and providing a comprehensive platform, thus eliminating traditional limitations related to time and location.