JasmyCoin

What is JasmyCoin (JASMY)?

JasmyCoin (JASMY) is a cryptocurrency project initiated by Tokyo-based Internet of Things (IoT) provider, Jasmy Corporation. Specializing in buying and selling data, Jasmy focuses on connecting service providers and data users through its platform. The project's core objective is to restore and safeguard individual data sovereignty by leveraging the synergy between IoT and blockchain technologies. Jasmy strives to establish a secure environment where users have complete control over their personal information, facilitating trustless data exchanges among IoT devices such as computers, cars, and phones through decentralized protocols.

Mission and Philosophy of Jasmy

The developers at Jasmy are committed to crafting an environment that enables users to seamlessly and securely utilize their data. By amalgamating IoT technology with blockchain, Jasmy aims to offer users a robust infrastructure, an intuitive interface, and a secure space for storing and sharing data. The underlying philosophy is rooted in the democratization of data, where users own and control their data securely, while service providers leverage this data for business promotion. In Jasmy's vision, information becomes a personal asset, transforming the landscape of data exchange.

As the world witnesses the advent of the Fourth Industrial Revolution, where everything is interconnected via the Internet, JasmyCoin emerges as a pivotal player. In contrast to current practices where large platform operators monopolize user data in exchange for free services, Jasmy envisions a model where individuals regain ownership of their data. This is particularly relevant in the face of potential data breaches, cyber attacks, and misuse of personal information by centralized platforms.

Security and Compliance

JasmyCoin places a strong emphasis on security and compliance. The JASMY smart contract was deployed on Ethereum and audited by SlowMist, a reputable blockchain security firm. Additionally, JasmyCoin adheres to Japanese legislation governing cryptocurrency transactions, subjecting itself to financial audits and official registration. This commitment positions JASMY as a legal token with responsibilities akin to shares or securities, underscoring its dedication to user and investor protection.

Key Offerings of Jasmy

The Jasmy platform encompasses various components, including IoT devices, a development environment for IoT services, and a secure data analysis environment. The Secure Knowledge Communicator (SKC) is a core service that aligns with the democratization of data philosophy, enabling individuals to manage their data securely. Another key service, Smart Guardian (SG), facilitates the registration of IoT devices on a blockchain network, ensuring secure and exclusive ownership.

JasmyCoin Team Background and Partners

Founded in April 2016 in Tokyo by former Sony executives, JasmyCoin was launched on the Japanese exchange BITPoint Japan in October 2021. The JASMY token, an ERC-20 token, powers the Jasmy platform and plays a crucial role in building the entire Jasmy ecosystem. The project boasts partnerships with major players in the digital industry, including Transcosmos, Panasonic, and VAIO.

Project Development

Dimarge Share and Jasmy are collaborating on a blockchain-based carbon credit trading platform. Dimarge Share, specializing in management innovation through digital transformation, entrusts Jasmy, an IoT solutions provider, with the development. The platform addresses challenges in voluntary carbon credit trading, utilizing blockchain to prevent fraud and enhance transaction security on Jasmy's platform. Dimarge Share provides comprehensive support, utilizing Jasmy's blockchain-based Personal Data Locker for secure consumer information storage. The initiative aligns with the "GX (green transformation)" trend, aiming to reduce greenhouse gas emissions and boost industrial competitiveness. Both companies pledge ongoing support for projects driving social and business transformation through advanced technologies like blockchain.

JasmyCoin Price Analysis

As of November 25 2024 JasmyCoin has a marketcap of $1.3B. This is {{percentagefromath}} from its all time high of $4.79. In terms of its tokenomics, there's a total supply of 50B with 97% currently outstanding. Keep in mind JasmyCoin has a fully diluted value of $1.3B which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude