Name: JasmyCoin
Brand: JasmyCoin
SKU: JASMY
Price: 0.014 USD
Availability: InStock

Question 1

What is JasmyCoin (JASMY)?

Accepted Answer

JasmyCoin (JASMY) is a cryptocurrency launched by the Tokyo-based Internet of Things (IoT) company Jasmy Corporation. It is an ERC-20 token built on the Ethereum blockchain that powers the Jasmy platform focused on combining blockchain and IoT technology to enable secure, decentralized management and exchange of personal data.

JasmyCoin serves as the main utility token for the network, playing a vital role in facilitating a secure environment where users control and share their personal data via IoT devices in a trustless and democratic manner. The token supports a platform where data is securely owned by individuals, and businesses can access data under clear permissions.

Question 2

What differentiates JasmyCoin (JASMY) from other tokens?

Accepted Answer

JasmyCoin differentiates itself by focusing on data sovereignty and democratization in the IoT space. Unlike typical cryptocurrencies, Jasmy combines blockchain and IoT to create a decentralized infrastructure where individuals fully control their personal data stored in secure Personal Data Lockers (PDLs).

Its platform ensures data confidentiality, secure management of personal devices, and transparent use of data under clear rules. It uses innovative technologies like the InterPlanetary File System (IPFS) for secure data storage, and Smart Defender services for device registration and data protection. Jasmy aims to reduce fraud through edge computing and decentralized data workflows while fostering a democratic data environment where both users and service providers can benefit safely.

Question 3

What is the utility of JasmyCoin (JASMY)?

Accepted Answer

The primary utility of JasmyCoin (JASMY) is to facilitate secure payments for personal data generated by IoT devices on the Jasmy platform. Users can monetize their data by granting access to businesses and service providers, who pay in JASMY tokens. Additionally, JASMY enables purchasing products and services within the Jasmy ecosystem and protects information by managing permissions and secure data exchanges.

It is the only currency within the Jasmy network, ensuring a decentralized environment for safe, trustless data transactions, storage, and management leveraging blockchain technology and IoT.

Question 4

What does the JasmyCoin (JASMY) whitepaper promise?

Accepted Answer

The Jasmy whitepaper promises a platform and ecosystem focused on data democracy, where individuals regain sovereignty over their personal data. It details how the combination of blockchain and IoT technology enables users to securely store, control, and share data under clear and transparent rules.

The whitepaper outlines the technologies used, including Personal Data Lockers for identity-confirmed data storage, IPFS for secure decentralized data storage, and systems ensuring secure device management and data usage. It commits to creating a secure, intuitive infrastructure to safely use and exchange data as personal assets, fostering a decentralized society with democratic decision-making regarding data use.

Question 5

What consensus mechanism does JasmyCoin (JASMY) use?

Accepted Answer

JasmyCoin (JASMY) operates as an ERC-20 token deployed on the Ethereum blockchain, which uses Ethereum's consensus mechanism. The supporting documents do not specify a unique consensus mechanism for JasmyCoin itself; it inherits Ethereum's consensus system as an ERC-20 token.

Question 6

Who created JasmyCoin and why?

Accepted Answer

JasmyCoin was created by Jasmy Corporation, a Tokyo-based Internet of Things (IoT) provider founded in April 2016 by former Sony executives including Kunitake Ando (former President and COO of Sony), Kazumasa Sato, Masanobu Yoshida, and Hiroshi Harada. The project's main mission is to restore and protect individual data sovereignty by combining blockchain and IoT technology, enabling users to securely store, control, and monetize their personal data in a decentralized environment. Jasmy positions itself as a platform for "data democracy" and aims to create a secure infrastructure where data is owned and safely used by individuals, while service providers can access data with permission to promote their services.

Question 7

When was the JasmyCoin (JASMY) token created?

Accepted Answer

The JasmyCoin (JASMY) token was launched in October 2021 on the Japanese exchange BITPoint Japan. The JASMY smart contract was deployed on the Ethereum blockchain in December 2019.

Question 8

How do I use the JasmyCoin (JASMY) token?

Accepted Answer

JasmyCoin (JASMY) is a utility token used primarily within the Jasmy platform to pay for personal data derived from IoT devices. Users can store and control their data securely in the Jasmy ecosystem and receive JasmyCoin as payment when merchants use their data. The token facilitates value exchange or payment for services across a wide range of uses without limitation. Additionally, customers can use JASMY tokens to purchase products on the platform and protect their information. The platform combines blockchain and IoT technology to enable a decentralized data marketplace where data owners and service providers interact under clear and secure rules.

Question 9

Where do I buy the JasmyCoin (JASMY) token?

Accepted Answer

You can buy the cryptocurrency JasmyCoin (JASMY) on a variety of crypto exchanges. Some of the major centralized exchanges offering JASMY include Huobi Global, Binance, Coinbase Exchange, Gate.io, KuCoin, Bitfinex, Bybit, Bittrex, Kraken, and Crypto.com Exchange. Additionally, decentralized exchanges such as Uniswap (V3) support JASMY trading. This variety ensures options for users preferring either centralized or decentralized platforms.

Question 10

What problem or need does JasmyCoin aim to address?

Accepted Answer

Jasmy aims to address the problem of data sovereignty and security in the digital age. It combines blockchain and IoT technology to create a decentralized platform that empowers individuals to safely store, control, and manage their personal data. Jasmy provides a secure environment where data generated by IoT devices can be shared and monetized safely, ensuring users retain ownership and privacy while enabling businesses to access data under clear and secure rules. This approach supports data democracy, confidentiality, and reduces fraud risks.

Question 11

Is the JasmyCoin (JASMY) open-source, and can I review its code?

Accepted Answer

The provided supporting documents do not specify whether JasmyCoin (JASMY) is open-source or provide access to its source code for review.

Question 12

How was the JasmyCoin (JASMY) token generated?

Accepted Answer

JasmyCoin (JASMY) is an ERC-20 token deployed on the Ethereum blockchain. It was launched without an initial coin offering (ICO). The total supply is capped at 50 billion tokens, distributed mainly to the ecosystem fund (48%), investors (27%), contributors and the community (20%), and incentives program (5%). The smart contract was deployed in December 2019 and audited by the cybersecurity firm SlowMist to ensure security.

Question 13

What is the JasmyCoin (JASMY) transaction speed and scalability?

Accepted Answer

JasmyCoin (JASMY) is an ERC-20 token deployed on the Ethereum blockchain, which means its transaction speed and scalability are bound by Ethereum's network capabilities. As per Jasmy's blockchain stats, the network processes approximately 692 transactions per day. While specific scalability details for JasmyCoin are not provided, its use of Ethereum's infrastructure implies it benefits from Ethereum's established security and decentralization but shares Ethereum's general throughput constraints.

Question 14

Is JasmyCoin (JASMY) environmentally friendly in terms of energy consumption?

Accepted Answer

The supporting documents do not provide specific information regarding the energy consumption or environmental impact of JasmyCoin (JASMY). Therefore, details about its environmental friendliness cannot be confirmed.

Question 15

What is the governance model for JasmyCoin (JASMY)?

Accepted Answer

JasmyCoin operates within a decentralized ecosystem that emphasizes data democracy and decentralized decision-making. The platform fosters a decentralized environment where data management is built on security and trust, allowing various participants—companies, organizations, and individuals—to access and contribute to the use of data. However, the documents do not specify a formal governance model or mechanism such as on-chain voting or governance tokens for JasmyCoin.

Question 16

What are the long-term goals and vision for JasmyCoin?

Accepted Answer

Jasmy's long-term vision centers on restoring and protecting individual data sovereignty through the integration of blockchain and IoT technologies. Jasmy aims to create a secure, decentralized infrastructure where users have control over their personal data, enabling safe and democratic data exchanges. The project strives to build an environment where information becomes a personal asset and data democracy is realized by placing data ownership and management back into the hands of users, fostering innovation and value creation across industries and around the world.

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What is JasmyCoin (JASMY)?

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JasmyCoin Price

Top up and invest in seconds!

Market Stats

What is JasmyCoin (JASMY)?

What differentiates JasmyCoin (JASMY) from other tokens?

What is the utility of JasmyCoin (JASMY)?

What does the JasmyCoin (JASMY) whitepaper promise?

What consensus mechanism does JasmyCoin (JASMY) use?

Who created JasmyCoin and why?

When was the JasmyCoin (JASMY) token created?

How do I use the JasmyCoin (JASMY) token?

Where do I buy the JasmyCoin (JASMY) token?

What problem or need does JasmyCoin aim to address?

Is the JasmyCoin (JASMY) open-source, and can I review its code?

How was the JasmyCoin (JASMY) token generated?

What is the JasmyCoin (JASMY) transaction speed and scalability?

Is JasmyCoin (JASMY) environmentally friendly in terms of energy consumption?

What is the governance model for JasmyCoin (JASMY)?

What are the long-term goals and vision for JasmyCoin?

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when JasmyCoin reaches certain prices.

Begin your Borger Journey today with the SwissBorg app!

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