Is Jasmy coin a good investment?
Jasmy Coin Review 2024 : Deciphering the Wise Choice
In the digital age, data is the new oil. Data is valuable, powerful, and profitable, but also vulnerable, exploitable, and risky. Data is generated by billions of devices, such as computers, phones, cars, cameras, sensors, and smart appliances, that are connected to the Internet of Things (IoT). IoT is a network of physical objects that can communicate and exchange data with each other and with the internet. IoT has many applications and benefits, such as improving efficiency, convenience, safety, and quality of life. However, IoT also poses many challenges and threats, such as privacy, security, ownership, and governance of data.
How can we ensure that our personal data is protected and respected, and that we can benefit from its value and potential? How can we create a fair and transparent data economy, where data producers and consumers can interact and exchange data in a trustless and decentralized manner? How can we leverage the power of blockchain technology to solve the problems and limitations of the current centralized and siloed data infrastructure?
These are some of the questions that Jasmy, a Tokyo-based IoT company, is trying to answer with its innovative project. Jasmy is building a platform that aims to restore and protect the sovereignty of individual data by combining IoT technology with blockchain technology and giving users full control over their personal information. Jasmy also enables users to monetize their data by selling it to service providers who are willing to pay for it. Jasmy's vision is to create a secure, fair, and democratic data marketplace, where data can be transformed into personal assets.
Jasmy Coin (JASMY) is the utility token that powers the Jasmy platform. JASMY is used to pay for data transactions, access data services, and incentivize network participants. JASMY is an ERC-20 token that runs on the Ethereum blockchain. JASMY was launched in October 2021 on the Japanese exchange BITPoint Japan, and has since been listed on several other platforms, such as Uniswap, Gate.io, and KuCoin.
In this guide, we will review the Jasmy project and its token, and analyze its potential as an investment opportunity. We will cover the following topics:
- The founders and partners of Jasmy
- The features and benefits of Jasmy
- The supply and distribution of JASMY
- The security and risks of JASMY
- The price performance and outlook of JASMY
- The best places to buy and store JASMY
By the end of this review, you will have a better understanding of Jasmy and its coin, and be able to decide for yourself if JASMY is a good investment for you.
The Founders and Partners of Jasmy
Jasmy was founded in April 2016 by several former Sony executives, who have extensive experience and expertise in the fields of technology, business, and innovation. The core team of Jasmy consists of:
- Kunitake Ando: The representative director of Jasmy and the former president and COO of Sony Corporation. Ando is a visionary leader who played a key role in Sony's success and transformation, such as launching the PlayStation, developing the digital camera, and introducing the VAIO computer.
- Kazumasa Sato: The president and COO of Jasmy and the former CEO of Sony Style.com Japan Inc. Sato is a veteran in the e-commerce and internet industry, who led Sony's online retail and service business in Japan.
- Masanobu Yoshida: The deputy president and CTO of Jasmy, who retired as of December 2021. Yoshida is a pioneer in the IoT field, who developed Sony's IoT platform and devices, such as the SmartWatch, the SmartBand, and the SmartEyeglass.
- Hiroshi Harada: The CFO of Jasmy and the executive financial analyst at KPMG. Harada is a professional in the accounting and auditing industry, who has worked with many global corporations and startups.
Jasmy also has a strong advisory board, which includes:
- Ken Kutaragi: The founder of PlayStation and the former CEO of Sony Computer Entertainment. Kutaragi is widely regarded as the "father of the PlayStation" and one of the most influential figures in the gaming industry.
- Nobuyuki Idei: The founder and CEO of Quantum Leaps Corporation and the former chairman and CEO of Sony Corporation. Idei is a renowned business leader and strategist, who led Sony's global expansion and diversification.
- Shinichi Ata: The president and CEO of BITPoint Japan Co., Ltd. and the former executive director of GMO Internet, Inc. Ata is an expert in the cryptocurrency and blockchain industry, who operates one of the leading crypto exchanges in Japan.
Jasmy has also established strategic partnerships with some of the leading players in the digital industry, such as:
- Transcosmos: A global provider of IT and business process outsourcing services, with over 50,000 employees and 500 clients worldwide. Transcosmos and Jasmy have collaborated to develop and operate a data marketplace platform that connects data producers and consumers.
- Panasonic: A multinational electronics corporation, with over 270,000 employees and $55 billion in revenue in 2020. Panasonic and Jasmy have partnered to create a smart home system that integrates IoT devices and blockchain technology, and allows users to manage and monetize their data.
- VAIO: A Japanese manufacturer of personal computers and laptops, formerly owned by Sony. VAIO and Jasmy have joined forces to launch a new laptop model that comes with a built-in Jasmy wallet and a data locker, and enables users to access the Jasmy platform and services.
The Features and Benefits of Jasmy
Jasmy is a platform that aims to solve the challenges and problems of the current data economy, such as:
- Lack of data privacy and security: Data is often collected, stored, and processed by centralized and opaque entities, such as corporations and governments, without the consent or knowledge of the data owners. Data is also vulnerable to hacking, theft, and misuse, which can result in identity theft, fraud, and other damages.
- Lack of data ownership and control: Data owners have little or no say over how their data is used, shared, or sold by third parties. Data owners also have limited or no access to their own data, and cannot verify or modify it. Data owners are often unaware of the value and potential of their data, and do not receive any compensation or benefit from it.
- Lack of data interoperability and efficiency: Data is often siloed and isolated in different platforms, protocols, and formats, which makes it difficult and costly to exchange and integrate data across different systems and applications. Data is also often duplicated, inconsistent, and inaccurate, which reduces its quality and reliability.
Jasmy addresses these issues by providing the following features and benefits:
- Data privacy and security: Jasmy uses blockchain technology to encrypt and store data on a distributed and immutable ledger, which ensures that data is tamper-proof and verifiable. Jasmy also uses edge computing to process data on the edge devices, such as smartphones and laptops, rather than on centralized servers, which reduces the risk of data leakage and breach. Jasmy also uses IPFS (InterPlanetary File System) to store data on a peer-to-peer network, which enhances the availability and resilience of data.
- Data ownership and control: Jasmy gives data owners the full authority and autonomy over their data, by allowing them to create and manage their own data lockers, where they can store, access, and update their data. Data owners can also decide how, when, and with whom to share their data, and set their own terms and conditions for data transactions. Data owners can also monetize their data by selling it to service providers who are willing to pay for it, and receive JASMY tokens as rewards.
- Data interoperability and efficiency: Jasmy enables data interoperability and compatibility across different devices, platforms, and protocols, by using a common data format and standard, and by providing a unified and open API (Application Programming Interface) for data access and exchange. Jasmy also enables data efficiency and optimization, by using a smart contract system that automates and executes data transactions, and by using a reputation system that evaluates and ranks data.
The Supply and Distribution of JASMY
JASMY has a fixed total supply of 50 billion tokens, which are allocated as follows:
- 30% (15 billion tokens): Reserved for the Jasmy Foundation, which is responsible for the development, operation, and promotion of the Jasmy platform and ecosystem.
- 20% (10 billion tokens): Reserved for the Jasmy team, advisors, and contractors, who are involved in the creation and execution of the Jasmy project.
- 20% (10 billion tokens): Reserved for the Jasmy community, which includes the users, developers, and supporters of the Jasmy platform and services.
- 15% (7.5 billion tokens): Reserved for the Jasmy partners, which include the strategic and business partners of the Jasmy project, such as Transcosmos, Panasonic, and VAIO.
- 10% (5 billion tokens): Reserved for the Jasmy investors, which include the private and public investors who participated in the Jasmy token sale and funding rounds.
- 5% (2.5 billion tokens): Reserved for the Jasmy treasury, which is used for the liquidity and stability of the Jasmy token and platform.
According to [Etherscan], the current circulating supply of JASMY is 48.42 billion tokens, which represents 96.84% of the total supply. The current market capitalization of JASMY is $1.02 billion, which ranks it at #100 among all cryptocurrencies, according to [CoinMarketCap].
The Security and Risks of JASMY
JASMY is a relatively new and experimental project, which means that it faces several security and operational risks, such as:
- Technical issues: JASMY relies on the functionality and performance of the Ethereum blockchain, which may suffer from congestion, delays, bugs, or hacks. JASMY also relies on the integration and compatibility of various technologies, such as IoT, edge computing, IPFS, and smart contracts, which may encounter errors, failures, or conflicts.
- Regulatory issues: JASMY operates in a complex and uncertain legal and regulatory environment, which may vary across different jurisdictions and regions. JASMY may face challenges or restrictions from authorities or regulators, who may impose rules, taxes, or bans on the use, trade, or ownership of JASMY or other cryptocurrencies.
- Competitive issues: JASMY competes with other projects and platforms that offer similar or alternative solutions for the data economy, such as Ocean Protocol, Streamr, IOTA, and Helium. JASMY may lose its market share or relevance if it fails to keep up with the innovation and adoption of its competitors.
- Market issues: JASMY is subject to the volatility and unpredictability of the cryptocurrency market, which may be influenced by various factors, such as supply and demand, news and events, sentiment and speculation, and manipulation and fraud. JASMY may experience significant price fluctuations or corrections, which may result in losses or risks for investors and users.
JASMY users and investors should be aware of these risks and conduct their own research and due diligence before engaging with the project. JASMY is not a financial or investment advice, and does not guarantee any returns or profits.
The Price Performance and Outlook of JASMY
JASMY has had a remarkable price performance since its launch in October 2021, when it was trading at around $0.0007 per token. JASMY reached its all-time high of $4.79 on February 16, 2021, which represents a staggering increase of over 680,000% in less than four months. JASMY's meteoric rise can be attributed to several factors, such as:
- Strong fundamentals: JASMY has a solid and innovative project that addresses a real and growing problem in the data economy. JASMY has a clear and compelling vision, a strong and experienced team, and a loyal and engaged community.
- Strategic partnerships: JASMY has established strategic partnerships with some of the leading players in the digital industry, such as Transcosmos, Panasonic, and VAIO. These partnerships enhance the credibility, visibility, and adoption of JASMY, and create synergies and opportunities for the project.
- Market sentiment: JASMY has benefited from the positive and bullish sentiment in the cryptocurrency market, especially in the IoT and data sectors. JASMY has also attracted the attention and interest of many investors, traders, and influencers, who have recognized its potential and value.
However, JASMY has also experienced some volatility and corrections, as it is subject to the fluctuations and unpredictability of the cryptocurrency market. JASMY's price has dropped by over 99% since its peak, and is currently trading at around $0.0152 per token, according to [CoinCodex]. JASMY's price may be influenced by various factors, such as supply and demand, news and events, sentiment and speculation, and manipulation and fraud.
JASMY's price outlook is uncertain and speculative, as it depends on many variables and scenarios. However, some possible factors that may affect JASMY's price in the future are:
- Technical developments: JASMY may see its price increase if it can deliver on its roadmap and milestones, and launch new features and updates that improve its functionality and performance. JASMY may also benefit from the development and adoption of the Ethereum 2.0 upgrade, which aims to enhance the scalability, security, and efficiency of the Ethereum network.
- Regulatory developments: JASMY may see its price decrease if it faces any legal or regulatory challenges or restrictions from authorities or regulators, who may impose rules, taxes, or bans on the use, trade, or ownership of JASMY or other cryptocurrencies. JASMY may also face competition or pressure from other projects or platforms that offer similar or alternative solutions for the data economy.
- Market developments: JASMY may see its price increase if it can increase its market share and relevance in the data economy, and attract more users and developers to its platform and services. JASMY may also benefit from the growth and innovation of the cryptocurrency market, especially in the IoT and data sectors.
JASMY's price prediction is not a financial or investment advice, and does not guarantee any returns or profits. JASMY users and investors should conduct their own research and due diligence before engaging with the project.
The Best Places to Buy and Store JASMY
JASMY is currently available on several cryptocurrency platforms, such as exchanges, wallets, and aggregators. Some of the best places to buy and store JASMY are:
- BITPoint Japan: This is the first and largest exchange that listed JASMY, and is also one of the strategic partners of the Jasmy project. BITPoint Japan is a licensed and regulated crypto exchange in Japan, which offers a variety of services, such as spot trading, margin trading, lending, and staking. BITPoint Japan supports JASMY/JPY and JASMY/BTC pairs, and also provides a secure and convenient wallet for JASMY holders.
- Uniswap: This is the most popular and widely used decentralized exchange (DEX) on the Ethereum network, which allows users to swap any ERC-20 tokens without intermediaries, fees, or KYC. Uniswap supports JASMY/ETH and JASMY/USDT pairs, and also provides a liquidity pool for JASMY, where users can earn fees by providing liquidity.
- Gate.io: This is one of the leading and reputable crypto exchanges in the world, which offers a variety of services, such as spot trading, margin trading, futures trading, lending, and staking. Gate.io supports JASMY/USDT and JASMY/ETH pairs, and also provides a secure and user-friendly wallet for JASMY holders.
- KuCoin: This is one of the most popular and innovative crypto exchanges in the world, which offers a variety of services, such as spot trading, margin trading, futures trading, lending, and staking. KuCoin supports JASMY/USDT and JASMY/BTC pairs, and also provides a secure and advanced wallet for JASMY holders.
- MetaMask: This is the most popular and widely used browser extension and mobile app that allows users to interact with the Ethereum network and access various decentralized applications (DApps). MetaMask also functions as a secure and convenient wallet for JASMY and other ERC-20 tokens, and allows users to send, receive, and store their tokens.
- Trust Wallet: This is the official wallet of Binance, the largest and most dominant crypto exchange in the world. Trust Wallet is a multi-currency and multi-functional wallet that supports JASMY and other ERC-20 tokens, as well as other cryptocurrencies, such as Bitcoin, Ethereum, Binance Coin, and more. Trust Wallet also allows users to access various DApps, such as Uniswap, and swap their tokens.
JASMY users and investors should choose the platform that suits their needs and preferences, and also ensure that they follow the best practices for security and safety, such as using strong passwords, enabling two-factor authentication, and keeping their private keys and seed phrases offline and secure.
Conclusion
Jasmy is a platform that aims to create a secure, fair, and democratic data marketplace, where data can be transformed into personal assets. Jasmy gives data owners the full authority and autonomy over their data, and enables them to monetize their data by selling it to service providers who are willing to pay for it. Jasmy also uses blockchain technology, edge computing, and IPFS to ensure the privacy, security, and interoperability of data.
JASMY is the utility token that powers the Jasmy platform, and is used to pay for data transactions, access data services, and incentivize network participants. JASMY is an ERC-20 token that runs on the Ethereum blockchain, and has a fixed total supply of 50 billion tokens. JASMY has been one of the best-performing cryptocurrencies in 2021, reaching an all-time high of $4.79 in February, which represents a 680,000% increase since its launch in October 2020.
JASMY is a promising project and token, that has a lot of potential to grow and succeed in the data economy. JASMY has a solid and innovative project, a clear and compelling vision, a strong and experienced team, a loyal and engaged community, and a strategic and reputable partners. JASMY also has a lot of room for improvement and innovation, as it continues to evolve and adapt to the changing needs and demands of the market.
JASMY's price outlook is uncertain and speculative, as it depends on many variables and scenarios. JASMY's price may be influenced by various factors, such as technical, regulatory, competitive, and market developments. JASMY's price prediction is not a financial or investment advice, and does not guarantee any returns or profits. JASMY users and investors should conduct their own research and due diligence before engaging with the project.
FAQS for "Is Jasmy Coin a Good Investment?"
- What is Jasmy Coin (JASMY)?
Jasmy Coin (JASMY) is a utility token that powers the Jasmy platform, a decentralized IoT data marketplace. JASMY is used to pay for data transactions, access data services, and incentivize network participants. JASMY is an ERC-20 token that runs on the Ethereum blockchain.
- What is the current price of JASMY?
As of February 27, 2024, the current price of JASMY is $0.0152, according to [CoinCodex]. JASMY has a market capitalization of $1.02 billion, and a circulating supply of 48.42 billion tokens.
- What is the all-time high of JASMY?
The all-time high of JASMY is $4.79, which was reached on February 16, 2021. This represents a 680,000% increase since its launch in October 2020, when it was trading at $0.0007.
- What are the factors that drive JASMY's growth?
JASMY's growth can be attributed to several factors, such as its innovative design, its strong partnerships, its active community, and its growing adoption. JASMY has a unique economic model that rewards users for locking their tokens in the Jasmy DAO, a novel programming model that enables flexible and composable applications, and a two-layer architecture that separates state and computation. JASMY also has strategic partnerships with some of the leading players in the digital industry, such as Transcosmos, Panasonic, and VAIO. JASMY has a vibrant and engaged community of users, developers, and supporters, who contribute to the growth and development of the project. JASMY also hosts a variety of applications and services that cater to different needs and preferences, such as decentralized exchanges, lending platforms, gaming platforms, identity solutions, and oracle services.
- What are the risks and challenges of JASMY?
JASMY is a relatively new and experimental project, which means that it faces several security and operational risks, such as technical issues, regulatory issues, competitive issues, and market issues. JASMY relies on the functionality and performance of the Ethereum blockchain, which may suffer from congestion, delays, bugs, or hacks. JASMY also relies on the integration and compatibility of various technologies, such as IoT, edge computing, IPFS, and smart contracts, which may encounter errors, failures, or conflicts. JASMY operates in a complex and uncertain legal and regulatory environment, which may vary across different jurisdictions and regions. JASMY may face challenges or restrictions from authorities or regulators, who may impose rules, taxes, or bans on the use, trade, or ownership of JASMY or other cryptocurrencies. JASMY competes with other projects and platforms that offer similar or alternative solutions for the data economy, such as Ocean Protocol, Streamr, IOTA, and Helium. JASMY may lose its market share or relevance if it fails to keep up with the innovation and adoption of its competitors. JASMY is subject to the volatility and unpredictability of the cryptocurrency market, which may be influenced by various factors, such as supply and demand, news and events, sentiment and speculation, and manipulation and fraud. JASMY may experience significant price fluctuations or corrections, which may result in losses or risks for investors and users.
- Where can I buy and store JASMY?
JASMY is currently available on several cryptocurrency platforms, such as exchanges, wallets, and aggregators. Some of the best places to buy and store JASMY are BITPoint Japan, Uniswap, Gate.io, KuCoin, MetaMask, and Trust Wallet. JASMY users and investors should choose the platform that suits their needs and preferences, and also ensure that they follow the best practices for security and safety, such as using strong passwords, enabling two-factor authentication, and keeping their private keys and seed phrases offline and secure.