JasmyCoin

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.

JasmyCoin 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.

• 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:

Jasmy 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.

Companies 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.

JasmyCoin 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.

Jasmy'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.

Jasmy'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.

By 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.

Companies 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:

1. 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.

2. 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.

3. Growing Community: JasmyCoin has a growing community of supporters and users, creating a strong network effect that increases its value over time.

4. 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.

5. 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.

6. Decentralized Data Storage: JasmyCoin employs decentralized data storage solutions through edge computing and the InterPlanetary File System (IPFS), enhancing data resilience and availability.

7. 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:

1. Market Manipulation: The cryptocurrency market is still developing and can be prone to price manipulation by large investors or fraudulent activities.

2. Volatility: The value of JasmyCoin can fluctuate rapidly and unpredictably, making it a high-risk investment.

3. Regulatory Changes: Changes in regulatory policies can impact the value and stability of JasmyCoin.

4. Security Vulnerabilities: As with any digital currency, JasmyCoin is susceptible to security breaches and vulnerabilities that can affect its value.

5. Lack of Regulation: The cryptocurrency market is still relatively unregulated, which can make it more susceptible to fraud and other risks.

6. High Risk of Loss: Investing in JasmyCoin carries a high risk of loss, and investors should only invest what they can afford to lose.

7. 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.

8. 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.