# CRYPTO 101

JasmyCoin ($JASMY), AKA Japan’s Bitcoin

$JASMY

KEYTAKEAWAYS

  • JasmyCoin facilitates data monetization via a secure IoT platform, benefiting users and businesses alike.
  • As an ERC-20 token, $JASMY leverages Ethereum's security and processing power for transactions and services.
  • Jasmy's strategic partnerships with major Japanese tech firms enhance its ecosystem and data value proposition.

CONTENT

JasmyCoin (JASMY) is an ERC-20 token launched by Jasmy Inc. in 2021, aiming to monetize personal data through an IoT platform, promoting data democratization and security.

 

 

 

JASMYCOIN INTRODUCTION

 

JasmyCoin was launched in 2021 by Jasmy Inc., a company led by former Sony executives, including former Sony President and COO, Kazumasa Sato, as Chairman. JasmyCoin aims to monetize personal data through an Internet of Things (IoT) platform.

 

Jasmy provides a secure, user-centric environment where users can upload their personal information to Jasmy’s Personal Data Locker (PDL) in exchange for $JASMY. Companies then pay these tokens to access the data services. By expanding data licensing transactions, Jasmy allows more users to connect IoT devices to increase data volume, thereby enhancing the value of the data. Additionally, storing cleaned data in a centralized location further increases its appeal to buyers.

 

Jasmy is committed to achieving data democratization through a decentralized model, ensuring that data is protected as an inherent property of individuals. Investors can directly purchase JasmyCoin, an ERC-20 token running on the Ethereum blockchain, to profit from this emerging economy. Known as the “Bitcoin of Japan,” Jasmy has established significant partnerships with leading Japanese tech companies like Transcosmos Blockchain PC, Toyota, and Panasonic. Its innovative approach to data democratization positions the Jasmy platform as a thriving ecosystem in the digital age.

 

>>> More to read : What is Altcoin & Altcoin Season?


WHAT IS $JASMY?

 

JasmyCoin (JASMY) is the native token of the Jasmy network. As an ERC-20 token, it benefits from the security and processing capabilities of the Ethereum blockchain. To use Jasmy’s data services, you must first hold some $JASMY.

 

Currently, the primary uses of JASMY include:

 

  1. Facilitating and approving transactions on the Jasmy platform
  2. Paying service fees when using Jasmy
  3. Rewarding individuals and businesses that utilize Jasmy’s IoT data
  4. Incentivizing developers and businesses to continue building the Jasmy ecosystem

 

Jasmy aims to create a market where the value of data increases with supply and demand, thereby enhancing the value of JasmyCoin. In Jasmy’s words: “Our mission is to maximize the value of personal data, which means maximizing the value of JasmyCoin.”

 

  • Tokenomics of JasmyCoin

 

JasmyCoin (JASMY) has a maximum supply of 50 billion tokens. The distribution of these tokens is as follows:

 

  1. 48% allocated to the ecosystem fund
  2. 27% allocated to investors
  3. 20% allocated to contributors and the community
  4. 5% allocated to incentive programs

 

IS JASMYCOIN (JASMY) A GOOD INVESTMENT?

 

JasmyCoin (JASMY), as an innovative virtual currency, holds potential for development and growth.

 

Firstly, the Jasmy Foundation possesses strong technical expertise and market resources, enabling it to promote the widespread adoption of $JASMY. The foundation is dedicated to building a stable and reliable digital economy ecosystem, providing more services to users, and advancing blockchain technology development and innovation.

 

Secondly, the value of $JASMY is driven by user demand. With the increase in digital payments and cross-border transactions, $JASMY, as a convenient payment tool, is likely to gain broader acceptance and usage. The demand for secure and efficient payment methods will further propel the growth of $JASMY.

 

Moreover, $JASMY boasts extensive partnerships with various commercial institutions and government departments. The support and collaboration from these partners will expand the application scope and user base of $JASMY.

 

>>> More to read : What Is Ethereum & How Does It Work?


FAQ

 

  • What is JASMY?

JasmyCoin (JASMY) is the ERC-20 governance and utility cryptocurrency token of the Jasmy ecosystem.

 

 

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