JasmyCoin (JASMY) is a tokenized platform that combines blockchain and IoT technology to democratize data usage. It aims to provide a decentralized and secure infrastructure for individuals to control and monetize their personal data. The platform allows users to store and manage their data safely and securely, while also enabling businesses to access this data with the users' consent. JasmyCoin is an ERC-20 token built on the Ethereum blockchain, with a total supply of 50 billion tokens.
JasmyCoin (JASMY) is the native cryptocurrency of the Jasmy platform, which focuses on democratizing data by combining blockchain and IoT technology. Here are some key uses of JASMY:
Data Transfer and Storage: JASMY can be used by individuals and businesses to transfer tokens using digital devices as proof of value. It enables the secure storage of user-owned data in personal data lockers on the platform, ensuring transparency and fairness in data transactions.
Payment for Services: JASMY can be used as payment for services provided by companies. For instance, service providers can pay rewards to users who supply them with their personal data.
Market Entry by Institutional Investors: JASMY is expected to shape the market in the medium and long term through market entry by institutional investors, maximizing the value of personal data.
Crypto Loans: JASMY can be used as collateral for crypto loans, allowing users to leverage their assets and potentially gain profit while managing risks.
Tax Optimization: Taking out a crypto loan against JASMY can help with tax optimization, as there is no direct profit in a loan transaction, reducing tax liabilities.
Overall, JASMY plays a crucial role in the Jasmy ecosystem, empowering users to securely exchange their personal data on their own terms and facilitating various financial transactions.
To store JasmyCoin (JASMY) tokens, you can use a variety of digital wallets that support the ERC-20 token standard. Here are some options:
Guarda Wallet: Guarda offers a multi-currency wallet that supports over 400,000 assets, including JasmyCoin. You can create an online wallet or download the mobile app for iOS and Android. The wallet is non-custodial, meaning you hold your own keys and have full control over your funds.
Atomic Wallet: Atomic Wallet is another multi-asset wallet that supports JasmyCoin. It is trusted by over 5 million users worldwide and offers features like private key encryption, 24/7 support, and no registration or KYC requirements.
Klever Wallet: Klever Wallet is a specialized digital wallet designed to store, transfer, and manage JasmyCoin tokens. It ensures a safe and user-friendly experience, prioritizing security and ease of use. You can buy, receive, send, and swap JasmyCoin tokens within the app.
These wallets provide a secure and user-friendly platform for managing your JasmyCoin tokens.
To buy JasmyCoin (JASMY) tokens, follow these steps:
Create an account: Sign up on a cryptocurrency exchange that supports JASMY, such as KuCoin, Pionex, Binance, or Coinbase. You will need an email address and may need to provide additional information like a phone number and photo ID for verification.
Verify your account: Complete the Know Your Customer (KYC) process by uploading a valid photo ID and proof of address. This step is necessary for most exchanges to ensure security and compliance with regulations.
Deposit funds: Add a payment method, such as a bank account, credit/debit card, or transfer existing cryptocurrencies from another wallet or exchange. Fees may apply for certain payment methods.
Choose a trading method: You can either use the instant buy feature (if available) or trade JASMY on the spot market. The spot market allows you to set your own price, while instant buy is typically more expensive but faster.
Place an order: Select JASMY and the desired payment method. Enter the amount you want to spend in your local currency, and the exchange will convert it to JASMY. Review the details and confirm your purchase.
Store your JASMY: Once the order is processed, your JASMY tokens will be available in your exchange account. You can store them there or transfer them to a personal wallet for added security.
Remember to always research the fees, security measures, and user reviews before selecting an exchange to ensure a smooth and secure experience.
JasmyCoin (JASMY) is a utility token built on the Ethereum blockchain, designed to allow individuals to control and monetize their personal data. The project, led by former Sony executives, aims to create a decentralized platform where users can store and manage their data, known as a "data locker," and share it with companies willing to pay for it.
Early History and LaunchJasmyCoin began trading on February 10, 2021, at a price of $1.25. It quickly reached its all-time high of $4.99 on February 16, 2021, but then collapsed to an all-time low of $0.008373 on July 2, 2021. The token rebounded to a peak of 28 cents after being listed on the Coinbase exchange in October 2021.
Key Milestones- May 2021: The Jasmy token was listed on the Bittrex crypto exchange and started supporting Trust Wallet and MetaMask.
- March 2022: The company appointed Kentaro Miura to help expand in the U.S. and promote networking and alliances with leading companies in advanced technology fields such as Web3, AI, and IoT.
- April 2022: Binance, the world’s largest crypto exchange, partnered with JasmyCoin to give away a Tesla Model Y.
As of June 2024, the current price of JasmyCoin is around $0.03864 USD, with a 24-hour trading volume of over $202 million USD. The market capitalization stands at approximately $1.89 billion USD, with a circulating supply of nearly 49.3 billion JASMY tokens.
JasmyCoin (JASMY) is the native cryptocurrency of the Jasmy ecosystem, which aims to democratize data by combining blockchain and Internet of Things (IoT) technology. Here's how it works:
Data Storage and ManagementJasmy allows users to store their personal data securely in a Personal Data Locker (PDL). This data is generated by IoT devices and is stored securely, ensuring that users have control over their data and can manage it safely and securely.
Data Exchange and PaymentCompanies that want to access user data must pay for it using JasmyCoin. This payment is made directly to the user, giving them ownership and control over their data. The data is exchanged securely through the Jasmy platform, which ensures that the data remains private and secure.
Token UtilityJasmyCoin is used to facilitate data transactions between users and companies. Companies must lock up Jasmy tokens to purchase data from users. The value of JasmyCoin is tied to the value of the data being exchanged, which means that as the demand for data increases, the value of JasmyCoin also increases.
Blockchain and IoT IntegrationJasmy's platform combines blockchain technology with IoT devices to provide a secure and decentralized infrastructure for data management. This integration ensures that data transactions are secure, transparent, and tamper-proof.
Secure Data TransferJasmy's technology, including the Secure Knowledge Communicator (SKC), enables secure data transfer between devices. This is achieved through cryptographic techniques that encrypt data, making it secure against unauthorized access.
User BenefitsBy using Jasmy, users gain control over their personal data and can monetize it securely. They can also use JasmyCoin to access various services within the ecosystem, such as data analysis and management tools.
Company BenefitsCompanies benefit from Jasmy by gaining access to valuable user data, which they can use to improve their services and products. They must, however, purchase this data using JasmyCoin, which incentivizes them to use the platform responsibly.
Overall, JasmyCoin plays a crucial role in the Jasmy ecosystem by facilitating secure and decentralized data transactions between users and companies.
JasmyCoin (JASMY) has several strengths that make it an attractive investment opportunity and a promising player in the cryptocurrency market. Here are some of its key advantages:
Unique Consensus Mechanism: JasmyCoin has a unique consensus mechanism that ensures fast and secure transactions, making it more efficient and reliable compared to other cryptocurrencies.
Strong Development Team: The development team behind JasmyCoin is constantly working on improving the technology and adding new features, which sets it apart from other cryptocurrencies.
Growing Community: JasmyCoin has a growing community of supporters and users, creating a strong network effect that increases its value over time.
Data Sovereignty: JasmyCoin emphasizes data sovereignty, allowing users to control their personal data and ensuring data privacy. This aligns with the growing concerns about data protection and privacy.
Blockchain Security: The integration of IoT and blockchain technologies provides a secure environment for data exchange, reducing the risks associated with data breaches and unauthorized access.
Decentralized Data Storage: JasmyCoin employs decentralized data storage solutions through edge computing and the InterPlanetary File System (IPFS), enhancing data resilience and availability.
- Competitive Advantage: Accepting JasmyCoin payments can give businesses a competitive edge by demonstrating their commitment to data privacy and security, attracting privacy-conscious customers.
These strengths position JasmyCoin as a promising investment opportunity and a leader in the cryptocurrency market, particularly in the areas of data sovereignty and security.
JasmyCoin (JASMY) carries several risks that investors should be aware of:
Market Manipulation: The cryptocurrency market is still developing and can be prone to price manipulation by large investors or fraudulent activities.
Volatility: The value of JasmyCoin can fluctuate rapidly and unpredictably, making it a high-risk investment.
Regulatory Changes: Changes in regulatory policies can impact the value and stability of JasmyCoin.
Security Vulnerabilities: As with any digital currency, JasmyCoin is susceptible to security breaches and vulnerabilities that can affect its value.
Lack of Regulation: The cryptocurrency market is still relatively unregulated, which can make it more susceptible to fraud and other risks.
High Risk of Loss: Investing in JasmyCoin carries a high risk of loss, and investors should only invest what they can afford to lose.
Dependence on Ethereum: As an ERC-20 token, JasmyCoin's performance is tied to the Ethereum network, which can be a risk if Ethereum experiences issues.
Speculative Market: The cryptocurrency market is highly speculative, and price predictions are often inaccurate, making it essential to conduct thorough research before investing.
It is crucial for investors to thoroughly research JasmyCoin, diversify their investment portfolios, and stay informed about market developments to mitigate these risks.
The team behind JasmyCoin (JASMY) includes:
- Kunitake Ando: Representative Director, former President of Sony Corporation, and founder of Jasmy Incorporated.
- Kazumasa Sato: President & COO, former Sony executive, and co-founder of Jasmy Incorporated.
- Hiroshi Harada: CFO, former KPMG employee, and co-founder of Jasmy Incorporated.
- Tadashi Morita: Senior Strategist & CSO, former Sony engineer with numerous patents and security expertise.
- Takashi Hagiwara: Board Director & Head of Software Development, former President of Sony Digital Network Applications and CEO of Vision Arts.
- Sheng Guo: CIO & Enterprise Architect, experienced in IT projects across aviation, telecom, and the public sector.
- Hidehiko Kakinuma: Executive Officer, former Sumitomo Bank and Sony Corporation employee, involved in various business launches.
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