Dear Assemble AI Community, This proposal outlines a strategic tokenomics revamp and an update to the ASM token distribution, designed to propel our project forward under its newly adopted AI-focused narrative. Through this initiative, community members will be rewarded for activities such as news sharing and quiz participation, while also supporting the ongoing, innovative growth of our AI agents. We invite you to thoroughly review and actively vote on this proposal, so that together we can ensure the long-term sustainability and global competitiveness of the Assemble AI ecosystem.

1. Background

A. Initial Token Issuance and Exchange Listings ⦁ May 2020, Launched 1.5 billion ASM tokens and listed on exchanges ⦁ Operated stably without any issues involving security breaches, or legal disputes

B. Regulatory and Audit Overview ⦁ Supported by Coinbase and Korean DAXA-member exchanges (Bithumb, Coinone, GOPAX), all of which comply with relevant financial regulations ⦁ Regular audits since 2021 to maintain transparency

C. Rebranding and Transition to an AI Project ⦁ May 2024, Lockup period ended, all 1.5 billion ASM tokens unlocked; rebranded from Assemble Protocol to Assemble AI ⦁ Recognized by Google Cloud as a Web3 startup, received grants, and approved for NVIDIA Inception Program ⦁ Launched the NS3 AI agent, offering advanced AI-powered journalism and crypto market trend analysis

D. Need for New Token Utilities ⦁ As the AI ecosystem expands, various use cases—such as rewards for news sharing and community engagement—must be introduced ⦁ Additional funding and utilities are necessary to develop and maintain NS3, which leverages advanced AI inference for crypto and global economic trend analysis

2. Objectives

A. Strengthening Assemble AI’s Leadership ⦁ Establish a position as a premier AI journalism enterprise that delivers advanced insights ⦁ Secure a competitive edge through exclusive services and optimized cost structures that cannot be easily replicated ⦁ Utilize state-of-the-art AI models and reliable data sources within NS3 to provide high-level insights into market sentiment, future trends, and investor behavior

B. Overcoming Traditional Crypto Media Limitations & Managing Costs ⦁ Introduce a new business model not reliant on excessive advertising or sponsored articles ⦁ Efficiently manage data processing and AI model operation costs, minimizing user burden and providing free, high-quality AI insights

C. Becoming a Leading AI Journalism Project in the Global Crypto Media Market

3. Key Proposal Elements

A. Tokenomics Update A total of 1.5 billion additional ASM tokens will be issued on the BASE network, allocated as follows: ⦁ Network: BASE ⦁ Total Supply: 1.5B ASM ⦁ Circulation Period: March 2025 - March 2030 (60 months in total)

B. Token Allocation Community Reward ⦁ Incentivizes news sharing and quiz participation with ASM token rewards ⦁ Remaining tokens after Community Rewards are paid will be reverted to Reserve ⦁ Distributed gradually over 5 years via monthly vesting

AI Infra Development ⦁ Ongoing support for the AI agent(NS3). ⦁ Funding for data processing and model upgrades, also vested monthly over 5 years.

Investor ⦁ Attracts strategic investors to ensure long-term project growth. ⦁ 1-year lockup, followed by monthly vesting over 4 years.

Reserve ⦁ Maintained for growth initiatives and emergencies. ⦁ May be used for additional exchange listings, marketing, ecosystem expansion, and strategic partnerships. ⦁ Distributed gradually over 5 years via monthly vesting.

Team/Advisors ⦁ Rewards core team members and advisors with long-term incentives ⦁ 1-year lockup, followed by monthly vesting over 4 years

4. Governance Proposal

This proposal requires review and approval by ASM token holders. Please cast your votes on the following matters:

A. Voting Items ⦁ Approval of the new tokenomics ⦁ Approval of issuing an additional 1.5 billion ASM tokens (BASE)

B. Notes ⦁ Voting Timeline: 25.04.25 ~ 25.04.28 ⦁ The Foundation and Foundation-related stakeholders may participate in the vote. ⦁ This vote is a re-vote on the proposal published on March 7, 2025.

5. Expected Impact

⦁ Community Growth: Anticipated 30,000+ daily participants over 5 years ⦁ Enhanced Market Competitiveness: Potential major exchange listings and continuous advancement of AI agents, increasing investment value ⦁ Global Expansion: Positioning Assemble AI as a leading AI journalism project well beyond the scope of traditional crypto media

Conclusion

Assemble AI’s revised token economy is a strategic move to fuse AI technology with the crypto ecosystem. Your active votes and feedback will be crucial in shaping the future of Assemble AI.

Note

Assemble AI was designated as a cautionary stock by the Digital Asset Exchange Association of Korea (DAXA) on April 24, 2025. The reasons for the designation as a watchlist security are as follows: Reasons for Watchlist Designation: Virtual asset-related 1) Disclosure of important matters and the extent thereof, 2) Transparency and reasonableness of procedures for changes to the total issuance volume, circulation plan, and business plan of virtual assets, 3) Comprehensive review of the purpose, function, and other aspects of virtual assets, resulting in the determination that certain deficiencies exist, leading to the designation as a watchlist security.

To address these issues, we will conduct a re-vote on the new token economy introduced on March 7. We kindly request your participation in the vote.

Thank you for your support, Assemble AI Team