AsMatch (ASM) news

What Is AsMatch?

AsMatch is the first Social Layer 3 (L3) on the Manta Network, powered by Polygon CDK and Celestia DA. Launched in 2023, it introduces a new concept in the realm of SocialFi, emphasizing a community-first approach that rewards users for their interactions. AsMatch stands out by ensuring that every user, regardless of their background or status, finds value and reward in their engagement within the platform. This ethos is encapsulated in its mission to be "of the people, by the people, for the people," enabling users to match, chat, and trade with privacy and security, all while earning ASM tokens.

Resources

Official Documents: https://whitepaper.asmatch.app/

Official Website: https://www.asmatch.app/

How Does AsMatch Work?

The platform is designed to foster genuine connections by matching users based on shared interests and locations, without compromising privacy. Through the use of complete zkKYC, users can verify their identities privately by bonding with Manta Network’s zkBAB and zkGalxe, and bond zkCertificates to verify token/NFT ownership securely. AsMatch also introduces the zkPortrait, an AI-generated, zero-knowledge soul-bound token (zkSBT) that serves as both a profile picture and a privacy-enhanced decentralized identity (DID), further enhancing the platform's commitment to secure and authentic connections.

AsMatch operates on a fully decentralized messaging system, ensuring secure and private communications. The platform employs innovative matching algorithms and social-fi elements like key matching, where users can buy keys to instantly match and chat, earning trading fee rebates and points leading to ASM airdrop rewards. The game-fi elements, such as the score system and match battery, incentivize quality interactions over quantity, rewarding users for engaging meaningfully within the community. The platform also incorporates DID and VCs, like zkKYC verification and zkCertificates, to foster a trustworthy environment where users can connect more securely.

What Is ASM Token?

ASM is the native token of the AsMatch ecosystem, serving multiple purposes that benefit users and sustain the platform's economy. It is used to reward user interactions, facilitate transactions within the app, and enable participation in key platform features like staking and governance. The tokenomics of ASM are designed to incentivize early and active users, with a significant portion allocated for airdrops to reward the community's growth and engagement. ASM has a total supply of 100 million tokens.

What Determines AsMatch’s Price?

The price of AsMatch token (ASM) is influenced by a confluence of factors, including user adoption rates, the platform's integration of SocialFi and GameFi elements, and its overall utility within the AsMatch ecosystem. As investors and users increasingly recognize the value of secure, decentralized social interactions and the rewards for participation, demand for ASM is expected to rise. Additionally, the token's price is affected by broader market trends, such as those observed in historical charts of cryptocurrency, making it a subject of interest for those making price predictions for 2024. Given its unique position at the intersection of social networking and blockchain technology, ASM presents a compelling case for those considering cryptocurrency as a good investment, especially as the platform continues to evolve and expand its features.

For those interested in investing or trading AsMatch, one might wonder: Where to buy ASM? You can purchase ASM on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.