JasmyCoin (JASMY) is an ERC-20 token that was launched in October 2021 by Jasmy Inc.
a corporation run by former Sony executives. Although it has gone relatively unnoticed in the headlines, JasmyCoin has a significant social media presence and is consistently among the top 25 cryptocurrencies in terms of traded volume.
Here are the key aspects:
Purpose and Roadmap:
Personal Data Monetization: JasmyCoin was created with the aim of helping users monetize their personal data. In a world where companies already sell user information to advertisers, Jasmy seeks to allow users to recoup some of those profits. Users can upload their personal information to the Jasmy Personal Data Locker (PDL) in exchange for JASMY tokens.
Companies, in turn, pay service fees in those same tokens to access this data. Ecosystem Expansion: Jasmy has plans to expand its reach by allowing users to add more data by connecting Internet of Things devices (IoT), which would increase the value of data for buyers.
Centralization of clean data would also increase its value. Pending Development: However, JasmyCoin faces challenges. Although it sounds promising, it has failed to launch its PDL, which is critical to its monetization strategy. Furthermore, its development seems to be very delayed.
Investment and Risks:
Volatility and speculation: JasmyCoin is popular among swing traders due to its high volatility and positive social media messages.
Lack of real progress: Despite their ambitious goals, Jasmy's team has failed to implement their PDL.
Instead, it has focused on exchange listings and fan tokens, suggesting a focus more on marketing than technological development.
Opinion:
JasmyCoin has an interesting concept, but its lack of concrete progress and delayed development are worrying.
As an investment, it presents significant risks. Investors should be cautious and monitor future developments closely before considering JasmyCoin as a solid investment1.
In summary, although JasmyCoin has an intriguing purpose, its lack of current progress and development limits its appeal as an investment. Investors should carefully evaluate the risks before considering JasmyCoin in their portfolio.
