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What is Jasmy?
“We aim to realize a Data Democracy by building a decentralized, democratic world where data is protected as inherently owned by each individual.”
Founded in 2016 by ex-Sony executive Kazumasa Sato, Jasmy is a Tokyo-based blockchain platform pioneering data security and data-sharing solutions for the expanding metaverse and Internet of Things (IoT) landscape. By doing so, it empowers users with true ownership and control over their data, including the ability to monetize it.
In other words, Jasmy's goal is to enable individuals to decide how to manage their own data, including whether to share it and with whom. Additionally, by allowing users the option to profit directly from the data they share, the platform also helps ensure that users receive fair compensation for the revenue companies generate from their data.
Jasmy Founder and CEO Kazumasa Sato. (Source: Jasmy)
Jasmy's technology allows applications built on the network to establish direct bridges for data exchange, resulting in a decentralized storage solution where users' data is safeguarded and secured.
Jasmy’s model. (Source: jasmy.global)
How does Jasmy Work?
Jasmy’s ecosystem. (Source: jasmy.global)
Decentralized User-Owned ID
Jasmy's decentralized identity solution is unique, immutable, and self-controlled, providing users with direct access to their data and a verifiable virtual identity on the blockchain.
Secured Metadata Storage
Jasmy utilizes its innovative Personal Data Locker (PDL) and the InterPlanetary File System (IPFS) to securely store files, code, text, photos, videos, and audio within a peer-to-peer network. The on-chain aspect empowers users to manage and control their data, much like their own wallet or deposit box, without fear of it being tampered with or stolen.
NFT Storage
The Jasmy protocol enables the creation and storage of unique characters, equipment, skins, and other in-game assets as Non-Fungible Tokens (NFTs) within the metaverse. These digital assets can be owned and traded on various NFT and crypto marketplaces, where users can generate profit from their creations.
IoT devices and services
Jasmy's secure IoT platform enables users to manage their IoT data securely and efficiently through a centralized management system. It also equips users with the necessary devices, such as IoT communication modules and wearables and seeks to create the right environment for IoT with a full suite of related services.
According to its roadmap, Jasmy is actively expanding its customer base by popularizing its platform and token. The Jasmy team has reportedly completed demonstration tests with potential product users and is preparing for a global expansion beyond Japan.
What is the Jasmy Coin (JASMY)?
JasmyCoin (JASMY) is the native cryptocurrency of the Jasmy ecosystem, operating as an ERC-20 token on the Ethereum blockchain. Individuals can use the Jasmy coin to:
- Receive rewards in Jasmy games.
- Purchase Mystery Blind Box Foundry Heroes.
- Purchase digital in-game assets such as characters, weapons, consumables, and land.
- Stake the token in liquidity pools for liquidity mining
- Access data in Jasmy data lockers.
- Vote on proposals, thus contributing to the platform’s governance and future as a Decentralized Autonomous Organization (DAO).
Additionally, JASMY coins will also be used to reward creators and contributors to the Jasmy ecosystem on the metaverse.
How to Buy JASMY
JASMY is readily available for purchase on numerous reputable cryptocurrency exchanges. To acquire this token, simply select an exchange that lists JASMY and create an account.
Jasmy Coin Price Prediction: Will Jasmy Hit $1?
Since its launch in October 2021, JASMY coin's significant price increase has earned it a spot as one of the most sought-after investment options. The maximum supply of this token is capped at 50 billion, with approximately 49 billion currently in circulation.
JASMY Price Performance (Source: BitScreener)
Will Jasmy Hit $1 Anytime Soon?
JASMY Price Prediction (Source: BitScreener)
Critics are hopeful for the future of Jasmy, with some optimistic about the possibility of the coin reaching $1. However, there is a consensus that this won't happen overnight, and a single surge in price is unlikely. Factors that may help realize this future for Jasmy include the Jasmy team's commitment to consistently announce progress and partnerships, and a similar bull run to 2020-2021.
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So Is Jasmy Coin a Good Investment?
The project has accumulated its fair share of controversies, with some mentioning opposition from large corporations to Jasmy's approach to data security and bearish price predictions. Nevertheless, its community remains optimistic about the token's future. Many attribute JASMY's profitability and growth prospects to the coin's listing on major exchanges and the team's transparent business patents and papers. Some even invest in the coin simply because it's a Japanese product, presuming it upholds the country's high quality standards.
Ultimately, the decision to invest is yours alone. It is crucial to be aware of the volatile nature of cryptocurrencies and ensure you only invest what you can afford to lose.
The information provided in this article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
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