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The cryptocurrency JASMY was launched by the Tokyo-based Jasmy Corporation, a provider of Internet-of-Things (IoT) led by Kunitake. Recently, JASMY was listed on several centralized exchanges (CEX), meaning you may have heard about it.
A relatively new entrant in the crypto market, it is natural to want to find out how Jasmy coin came into existence, how this cryptocurrency works, and what the Jasmycoin price is.
All you need to know is detailed below.
Jasmy's business model
There is a maximum supply of 50 billion JASMY, of which 4.75 billion are in circulation at present.
The buying and selling of data is the core activity of Jasmy's IoT business in Tokyo, Japan. With Jasmy, data users and service providers are matched. Service providers gather user-owned data from various sources, package it and sell it to data consumers. The financial services industry (service provider) can sell its customers' information to a third-party insurance company (data user).
Jasmy claims that, "by leveraging Jasmy's platform, service providers can lower information security costs and improve service levels."
The monetization of personal data has become a pressing issue in recent years after the Cambridge Analytica/Facebook scandal. The Economist has proclaimed data the world's most valuable resource: It has been the world's most valuable hypothesis since 2017.
What is the utility of Jasmy?
Even though Jasmy Corporation may be deeply rooted in the data economy, what purpose does Jasmy coin serve?
Businesses that use personal data stored within the Jasmy platform must possess Jasmy coin before using the personal data.
It needs to be discovered how much JASMY cryptocurrency you need to hold in order to access Jasmy's data services.
JASMY coins are also used by service providers to reward users for supplying their personal information. Jasmy believes this will create a market that will increase the value of Jasmy coin with increased demand and supply. Jasmy's mission is to maximize Jasmy coin's value by maximizing personal data's value.
More about Jasmy coin
According to JASMY's coin distribution, 48% goes to the ecosystem fund, 27% to investors, 20% to contributors and 5% to incentive programs.
The maximum number of JASMY coins available is 50 billion. It has a circulating supply of 4.75 billion units and a trading value of $0.0098, resulting in a market capitalization of $46.6 million. No specific ratios are provided, but circulation relates to Jasmy's expansion into new markets.
It is a prerequisite for businesses to possess a certain amount of Jasmy coin to access the Jasmy platform. The value of Jasmy coin should theoretically increase as the platform takes off among institutional investors and retail investors.Â
Jasmy was listed on many major exchanges towards the end of 2021 and the beginning of 2022. The JASMY/USDT trading pair has a liquidity rating of 653/100, according to crypto experts.
The JASMY smart contract was deployed on Ethereum in December 2019. According to Etherscan, the top 10 holders collectively control approximately 35% of the supply of the cryptocurrency.
It has been determined that 18 of the top 50 addresses contain exactly 500 million tokens, which is equal to 18% of the supply. It is almost always an investor account. One of the top two holders is Jasmy Deployers, holding over 14.8% of the supply.
What are Jasmy's business targets?
The company's roadmap predicts that Jasmy coin will have 107 million active users globally, with an individual data value of $500 per user. Japan, Singapore, China, Korea and broader Asian markets are "regions of focus."
The importance of conducting extensive due diligence is paramount if you are considering investing in Jasmy coin, regardless of whether you are bullish or bearish. Therefore, Currency.com recommends conducting thorough research and seeking independent advice from an independent source.
Is Jasmy coin legit?
You will find that crypto analysts recommend conducting extensive due diligence before investing in a project. Keep an eye on any news that might impact the token's value by reading the whitepaper and roadmap and following their social media channels.
