The IOTA Rises network’s MIOTA token has recently stood out as one of the most active tokens in the crypto market after the team behind it announced a new smart contract network called Assembly, which is based on IOTA’s smart contract framework .

IOTA Rises As Assembly Announces Smart Contract Network

The first tweet from Assembly’s brand new Twitter profile introducing the network was published at 14:09 UTC, at which time IOTA also shared the news on its Twitter profile. Since then, the MIOTA token began trading higher around 04:00 UTC, rising over 13%.

MIOTA is commented today as the top performing token out of 100 cryptocurrencies today.

Assembly’s architecture “uses the IOTA network as an immutable anchor of trust and as a trustworthy bridge for easy interoperability between smart contracts,” says IOTA’s announcement. The announcement also added that IOTA hopes this will drive “smart contract development in its various forms, including decentralized funding and non-fungible tokens”.

The new assembly network is slated to start in 2022 and will come with its own native token called ASMB. First, tokens will be distributed to existing MIOTA holders through an airdrop that will begin shortly.

Future token distributions will be coordinated by the community, although they are also reserved for developers, early adopters, and decentralized autonomous organizations – the DAO network.

Via the Assembly Smart Contract Network

The new Smart Contract Network Assembly comes with flat-rate fees of just $ 0 thanks to the flexibility to individually define execution fees for smart contracts.

“With these innovations, Assembly offers builders a range of powerful tools to remove existing barriers to entry and bring the next billions of users to crypto.” they added.

According to information from Assembly’s website, users can use MIOTA to earn ASMB tokens. Users will need a wallet called the Firefly to claim their rewards, but an official date has not yet been given as to when staking will start and when ASMB rewards may be available.

The news about IOTA’s new smart contract network comes on the same day as the MIOTA bull run, with the token rising nearly 7% over the past 24 hours to $ 1.5159 at 15:45 UTC. Prices rose nearly 9% in a month and 366% in a year.

The rise of the MIOTA token began long before the news of the new assembly project became public.

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