What is Permission Coin (ASK)?
Permission coin (ASK) is the native token of Permission – an advertisement solution for Web 3.0. Permission aims to build a dynamic and wide-reaching advertisement ecosystem that would deliver more gains than the current models of advertisements used in Web 2.0. You can check the current ASK price that is featured on the Permission Coin price chart above.
For advertisers and businesses, Permission creates value by enabling them to achieve one-on-one engagements with their target audience. For the consumers of advertisements, Permission aims to create a space where they can receive information about the products and services they actually care about without interrupting their normal web activities.
In essence, Permission seeks to put individuals back in control of their time and data. Besides, it allows users to monetize their time across e-commerce platforms by getting paid for consuming advertisements.
How does it work? When a user signs up on the platform, he/she has to register their interests, location, and some minor details about themselves. This information is then used to show them adverts that are relevant to them. After watching these adverts, they are rewarded with ASK coins. Besides, if they want to earn additional rewards in ASK tokens, they can link their social media accounts like Facebook and Twitter to the Permission platform.
Who Founded Permission?
The Permission platform was founded by Charles Silver. He has years of experience in building companies. Before starting Permission, he founded RealAge, Reality Shares, and Blockforce Capital. Besides, he was an early innovator during the dot-com boom.
Use Cases of ASK Tokens
As a holder of ASK tokens, you gain access to various services, rewards, and activities that are available on the Permission platform.
For instance, holders that have certain amounts of ASK crypto tokens have access to exclusive brand promotions, premium content, and unlock invite-only discounts. They can also unlock more earning potential as they share more of their data with brands and retailers on the platform.
Moreover, the ASK token is the governance token of the platform. ASK token holders have the right to create and submit proposals to govern and expand the platform or vote on already submitted proposals, amendments, and upgrades to the Permission ecosystem.
Furthermore, ASK tokens are used to reward ad consumers. When advertisers create advertisement campaigns through a Demand-side Platform (DSP) they infuse these ads with ASK tokens, which are then used to reward consumers.
Lastly, Permission tokens can be donated to charities. This gives users the ability to give back to the community and causes they care about.
Interested in buying ASK tokens? Before doing that, check out the Permission Coin price chart above. Knowing the current and the previous ASK price will help you to make better purchasing decisions.
ASK Tokenomics
There is an initial total supply of 100 billion ASK tokens. Out of these tokens, 45% was reserved for the development of the ecosystem. This includes incentives for users on sign-ups and referrals, as well as allocations for advertisers, publishers, and merchants. Furthermore, 15% has been allocated to the development team, while 10% was set aside to attract developers and creators to the platform. The remaining portion was reserved for future supporters of the Permission platform.
To maintain ASK price stability in the market, the Permission crypto project employs a buy-back mechanism. How does it work? Occasionally, a portion of the ASK tokens on the secondary markets are bought by the platform itself using generated revenue.
