Today we are going to talk about a garbage project that we missed before, but the price of the coin performed very well, and it is also a top 100 project. Why did I skip it before? Because I just took a rough look at it and thought it was garbage, and it was a Japanese project, so I didn’t talk about it. However, the performance of the coin price is not necessarily proportional to the quality of the project itself, so if you miss it, I have really watched it go from over 200 to the top 50. It is Jasmy, and its current market value is 2 billion US dollars. It has increased more than ten times this year, but in essence it just launched a website and has no products. It can be considered a meme project.
Introduction
The buying and selling of data is at the heart of Jasmy’s Internet of Things (IoT) company, which is based in Tokyo, Japan. Specifically, Jasmy connects users who use data with service providers. In order to package and sell to data users, service providers compile the data owned by users from multiple sources and then sell it. A possible example is a financial services company (service provider) selling customer information to a separate insurance company (data user)
jasmyCoin is a data marketplace project where users can sell data generated by Internet of Things (IoT) devices to various businesses. JASMY is its native utility token, used as a payment currency within the JasmyCoin data platform.
JASMY is the native token of the project. Current use cases of JASMY include:
Utilization of Data: Users will need to hold JASMY tokens to access and exchange user data collected from Internet of Things (IoT) devices.
Data Democratization: Users can hold JASMY tokens as a store of value and accelerate the adoption of data democratization.
Jasmy Solution
Jasmy has prepared two unique core services: “Security Knowledge Communicator (SKC)” and “Smart Guardian (SG)”, which integrate core components and make it easy to use.
SKC (Safety Knowledge Communicator)
SKC is the core service of the Jasmy IoT platform, and it is based on the basic concept of "data democratization" to securely and centrally manage various data belonging to individuals and generated from daily life. Until now, individuals have provided a large amount of information about themselves to various companies with permission, and this information was managed by each company in its database. Jasmy holds the opposite philosophy and has established a mechanism that enables individuals to manage their own data as their own assets. This will create an environment where owners of IoT devices and individual users receiving services can control their own information, including the decision whether to provide information to companies. SKC has three main functions.
The first is a personal authentication and registration feature (Know Your Customer: KYC) that enables users to easily start using the blockchain provided by Jasmy.
The second is a feature that enables secure distributed management and accumulation of one’s own data in smartphones and blockchains.
Finally, there is a feature that allows users to freely give and receive their own data and track it. Therefore, even on the corporate side, various data and personal information can be used according to the needs of users without always holding this information internally.
SG (Smart Guardian)
SG is another core service of the Jasmy IoT platform. By using SG, IoT devices can be easily and securely registered to the original blockchain network, while realizing an environment that only the user who owns it can access. Users can safely send and receive measurement data and remote control commands. It also provides an environment where this data can be securely stored and managed through the dual structure of a unique blockchain and distributed management storage.
The New Data Economy Brought by Jasmy IoT Platform
Currently, a large amount of user information is provided to various service providers and managed by their databases. This data is analyzed by various factors such as preferences and lifestyles, and then fed back to individuals or society in the form of improved services. This clearly proves that data has economic value. While various services have indeed improved Jasmy's quality of life, can Jasmy imagine an era in which data can be used as a personal asset while achieving the same benefits?
Jasmy's vision of a new era of consumer-oriented information is important because it has the potential to build an economic community where data can be viewed as a personal asset by returning the value of data to the individuals who originally owned it. Through the Jasmy IoT platform, Jasmy's client companies will participate in the formation of new markets and societies as members of this economic community and as trust-based service providers.
The Jasmy Initiative to realize value-creating IoT
The "Jasmy Initiative" was established by companies that want to take the lead in leveraging the "Jasmy IoT Platform" and promote and inspire user-oriented democratization of data. In order to realize useful businesses on the platform, activities such as design, proof of concept, demonstration experiments and information exchange are planned to start in April 2019.
I will not go into detail about the specific project information, because at present, there is no substantial progress in the project. There are only occasional updates on X. So far, there is no test network, no application, and it is a project that has been in existence for more than 3 years.
Token Economy
The project was launched in February 21, with a total of 50,000,000,000 tokens. All of them have been circulated. The current price is $0.039, and the peak was $5 (2021-02-16). It can be seen that this is a zero-return project that has fallen by 99.99%. The token distribution is 48% for the ecosystem, 27% for funds and investors, 20% for the community, and 5% for the fierce. From this distribution, it can be seen that the project party basically takes it. Because the project party has not done anything at present, there is no ecosystem, so the tokens are all in the hands of the project party and given to investors. Then at the beginning of the launch, the market was smashed wildly, directly hitting the lowest point of about 0.0003, so it is a zero-return coin.
So why did it increase recently? Because I looked at its holders, and there are currently 70,000 people. How many people were buried at that time? And its official website has the real-name information of the project parties, and they are all Japanese. These abominable Japanese dogs have cheated so many people.
The token distribution is already very dispersed, with only 23 holders accounting for 1%, including many exchanges.
Then there are only 80 people who own 0.1%, so after this token has returned to zero, firstly, it has been washed very dispersed, and secondly, the dealer has already run away, so you can think of it as an ownerless currency, and the reason why many meme projects have risen so well recently is because they are ownerless.
Remember when we were talking about why everyone needs a BTC, we found that retail investors actually account for 60% of the cryptocurrency circle, while miners account for 20% and institutions account for 20%. So the cryptocurrency circle is still dominated by retail investors. The current situation is that retail investors prefer ownerless projects, and of course dealers also like ownerless projects.
Finally, let's summarize this project. It was a zero-return project of the damn Japanese devils, but in the end it became an ownerless currency, so its attributes changed. It was originally a big data project, and in fact the big data track is still quite promising, especially with the ride of AI. But it was done a little early, in 2021. If it was in 2024, then the prospects might be much better. It has now become a MEME project, so there is a dealer, and at present, this dealer is quite strong. As for how much room there is, we will analyze it. #内容挖矿 #meme_coin
