JasmyCoin Price Prediction: Is the JasmyCoin Cryptocurrency a Good Investment?

Jasmy coin (JASMY) is a cryptocurrency project initiated by Jasmy Corporation, a Tokyo-based Internet of Things (IoT) provider. The IoT refers to a system that integrates mechanical and digital elements, each with a unique identifier and the capability to transmit data. Jasmy Corporation specializes in the buying and selling of data, and the Jasmy platform serves as a bridge between service providers and data users.

Key features of JasmyCoin:

• Combining IoT and blockchain: The Jasmy platform was developed to restore and protect the sovereignty of individual data. By merging IoT technology with blockchain technology, it empowers users with full control over their personal information.
• Data sovereignty: Jasmy's primary objective is to establish a secure environment where users can exchange data trustlessly between IoT devices (such as computers, cars, and phones) and decentralized protocols.
• User control: Users have complete control over their data, which can be transformed into personal assets within the Jasmy ecosystem.

Mission and vision

The mission of Jasmy developers is to create a user-friendly, safe, and seamless infrastructure for data usage. The project aims to provide a robust infrastructure, an intuitive interface, and a secure environment for storing and sharing data. In the Jasmy ecosystem, information is transformed into personal assets, giving users unprecedented control over their data.

Decentralized data management

• Edge computing: Jasmy decentralizes its workflow through edge computing, which processes data closer to where it is generated, enhancing efficiency and security.
• IPFS storage: Data is stored on the InterPlanetary File System (IPFS), ensuring decentralized and secure data storage.
• Democratization of data: The philosophy of Jasmy is rooted in the democratization of data. It employs a decentralized model where data is securely protected and owned by the user. Service providers can promote their services and businesses using user-owned data, fostering a mutually beneficial ecosystem.

By combining cutting-edge IoT and blockchain technologies, Jasmy aims to revolutionize the way data is managed, stored, and monetized, providing users with a secure, intuitive, and efficient platform for data exchange.

Founders and founding 

JasmyCoin was founded by a team of experienced professionals with a strong background in technology and blockchain. The founders include:

• Kazumasa Sato: Former president of Sony Style.com Japan, Sato brings valuable expertise in technology and business development.
• Kunitake Ando: Former president and COO of Sony Corporation, Ando’s leadership and industry knowledge have been instrumental in guiding Jasmy’s vision.
• Masanobu Yoshida: Deputy President & CTO at Jasmy (retired as of December 2021).
• Hiroshi Harada: CFO at Jasmy & Executive Financial Analyst at KPMG.

The inception of Jasmy coin was driven by the desire to address the growing concerns around data privacy and security. 

Main development milestones

1. Establishment: Jasmy was founded in Tokyo in April 2016.
2. Smart contract deployment (December 2019): The JASMY smart contract was deployed on the Ethereum blockchain as an ERC-20 token. This deployment laid the foundation for JasmyCoin, ensuring it operated on a secure and established blockchain network.
3. Security audit: The JASMY smart contract underwent a comprehensive security audit by SlowMist, a reputable blockchain security firm. This audit was crucial in ensuring the security and reliability of the Jasmy platform, bolstering investor confidence.
4. Launch of JasmyCoin (October 2021): JasmyCoin (JASMY) was officially launched in Japan and listed on the Japanese exchange BITPoint Japan. The launch made JASMY accessible to a wider audience and established its presence in the cryptocurrency market.

Tokenomics

JASMY is the native ERC-20 token of the JasmyCoin project. Jasmy coin has a fixed total supply of 50 billion tokens. This fixed supply ensures scarcity, which can contribute to the token's value appreciation over time.

Tokens are distributed among various stakeholders, including the team, investors, and the community.

Redistribution Breakdown

1. Founders and team

Approximately 20% of the total supply (10 billion tokens) is allocated to the founding team and early contributors. This allocation is intended to incentivize the team’s continued involvement and ensure their commitment to the project's long-term success.

1. Investors

Around 15% of the total supply (7.5 billion tokens) is designated for early investors and venture capitalists. Providing these stakeholders with a significant share of tokens aims to secure initial funding and foster strong backing for the project.

1. Community and Ecosystem

Approximately 30% of the total supply (15 billion tokens) is reserved for community initiatives, ecosystem development, and strategic partnerships. These tokens are used to incentivize community participation, support ecosystem growth, and form strategic alliances that enhance Jasmy’s capabilities.

1. Staking and Rewards

Around 25% of the total supply (12.5 billion tokens) is allocated for staking and reward programs. These tokens incentivize network participation and security by allowing users to earn rewards through staking their JASMY tokens. Users can stake their Jasmy coins to earn rewards, incentivizing participation and network security.

1. Reserves and Operational Costs

The remaining 10% of the total supply (5 billion tokens) is kept in reserve for future operational costs and unforeseen expenses. Maintaining a reserve ensures that the project has the necessary funds to cover operational costs and adapt to any unexpected financial requirements.

Partnerships and collaborations

Over the years, Jasmy has formed strategic partnerships with major players in the digital industry, including:

• Transcosmos: A leading IT services company, enhancing Jasmy’s capabilities and reach.
• Panasonic: Collaboration to explore new use cases and applications.
• VAIO: Partnership to integrate Jasmy’s technology with VAIO’s products.

These partnerships have not only strengthened Jasmy’s position but also opened up new opportunities for growth and development.

Jasmy ecosystem

The Jasmy ecosystem is designed to support the token’s use cases and provide a seamless experience for users. Here’s an in-depth look at its key components:

• Data marketplace: A decentralized marketplace where users can securely share and monetize their data. Users can set terms and conditions for data sharing, ensuring they retain control over their personal information.
• Developer tools: Jasmy provides a suite of tools and resources for developers to build applications on the platform. These tools include APIs, SDKs for both Android and iOS and documentation to simplify the development process and encourage innovation within the ecosystem.
• User interface: The platform features a user-friendly interface that simplifies data management and sharing. This interface is designed to be intuitive, making it easy for users of all technical levels to navigate and utilize the platform’s features.
• IoT integration: Jasmy supports the integration of Internet of Things (IoT) devices, enabling secure data exchange between devices and the platform. This integration opens up a range of possibilities for smart devices and connected applications, enhancing the overall utility of the Jasmy ecosystem.

JasmyCoin (JASMY) is actively traded on several major cryptocurrency exchanges, including Binance, Coinbase Pro, BitPoint Japan, Gate.io, KuCoin, Huobi, Bittrex, Crypto.com, OKEx, Bitfinex, etc.