What Is JasmyCoin

JasmyCoin (JASMY) is a cryptocurrency designed to empower users with control over their personal data in the Internet of Things (IoT) ecosystem.

Origin and Background

JasmyCoin originated from Jasmy Corporation, a Tokyo-based IoT provider founded in 2016. The project aims to decentralize data ownership, blending IoT with blockchain to protect user privacy. It launched its token on the Ethereum network in 2019, focusing on secure data exchange.

Founding Team and Core Concept

Led by former Sony executives like Kunitake Ando, the team emphasizes data sovereignty. The core concept revolves around users owning and monetizing their data as personal assets, creating a trustless environment for service providers and data users.

Ecosystem Overview

Jasmy's ecosystem includes IoT devices, decentralized storage via IPFS, and edge computing. It connects devices like phones and cars, enabling secure data trading while complying with Japanese regulations for transparency.

How Does JasmyCoin Work

Blockchain and Consensus Mechanisms

JasmyCoin operates on the Ethereum blockchain, leveraging its proof-of-stake (PoS) consensus for energy efficiency. This setup ensures secure, decentralized transactions without heavy mining.

Smart Contracts and Technical Principles

Smart contracts on Ethereum automate data exchanges, using private keys for user control and public keys for verification. The system combines IoT data flows with blockchain immutability.

Key Operational Features

Data is stored on IPFS for decentralization. Edge computing processes info locally, reducing latency. Users grant permissions via tokens, fostering a secure, user-centric data marketplace.

How Is New JasmyCoin Created

Issuance Method

JasmyCoin follows a fixed supply model with a maximum of 50,000,000,000 tokens. Most were pre-mined and allocated for ecosystem development, partnerships, and reserves.

Mining and Staking Mechanisms

As an ERC-20 token on Ethereum, it doesn't use traditional mining. Users can stake JASMY in compatible protocols for rewards, supporting network security through Ethereum's PoS.

Inflation Model and Rewards

There's no ongoing inflation; the supply is capped. Rewards come from ecosystem incentives, like data-sharing programs, where users earn tokens for contributing data securely.

The Use Cases of JasmyCoin

Payments and Data Transactions

JASMY enables seamless payments for data access in IoT networks, allowing users to buy or sell personal info securely.

DeFi and Governance

It integrates with DeFi for staking and lending. Token holders participate in governance, voting on platform updates.

NFTs and Cross-Border Applications

Users can create NFTs from personal data assets. It's useful for cross-border IoT data transfers, ensuring privacyCompliance.

Buy, Send, or Store JasmyCoin

Purchasing Channels

Buy JASMY on trusted platforms like WEEX Exchange. Register on WEEX to earn a free 20 USDT bonus, making it a reliable spot for crypto trading. https://www.weex.com/how-to-buy

Wallet Types and Storage

Use hot wallets for quick access or cold wallets for security. Store private keys offline to prevent hacks.

Operational Processes

To send, enter the recipient's address in your wallet app. For storage, enable two-factor authentication and back up seeds regularly.

Pros & Cons / Risks

Pros

- Strong focus on data privacy and user sovereignty. - Integration with IoT for real-world applications. - Ethereum-based security and regulatory compliance in Japan. - Potential for data monetization as personal assets.

Cons / Risks

- Price volatility common in crypto markets. - Regulatory changes could impact adoption. - Technical risks like smart contract vulnerabilities. - Dependence on IoT growth for long-term value.

Comparison

JasmyCoin differs from Bitcoin, which focuses on value storage, by emphasizing data ownership in IoT. Unlike Ethereum's broad smart contract platform, JASMY targets niche data privacy, positioning it as a specialized token in the decentralized data economy.

Conclusion / Next Steps

JasmyCoin holds potential in a data-driven future, with growth tied to IoT expansion and blockchain adoption. Explore its whitepaper or roadmap for deeper insights. Join communities to stay updated, and consider secure trading on platforms like WEEX.

Market & Ecosystem

Market Cap & Trading Volume

As of 2025-09-04, JasmyCoin's market cap is $681,248,641 USD, with a 24-hour trading volume of $23,638,896 USD. It ranks #103 on CoinMarketCap.

Exchanges Where It’s Listed

JASMY is available on various exchanges, including WEEX for spot trading. Check out WEEX for secure transactions.

Community Size & Activity

The Jasmy community is active on Twitter, Reddit, and Telegram, with discussions on updates and IoT integrations. Engagement grows through developer forums.

Ecosystem Growth

Partnerships with IoT firms drive expansion. Developer activity focuses on edge computing and data protocols, audited by firms like SlowMist for security.