JasmyCoin (JASMY) Introduction
JasmyCoin (JASMY) is a cryptocurrency project launched by Jasmy Corporation, a Tokyo-based Internet of Things (IoT) provider. Jasmy Corporation's leadership team includes former Sony executives such as former Sony President Kunitake Ando. JasmyCoin's main goal is to help users monetize their personal data, a rapidly growing and lucrative field.
Project Background and Function
Founded: 2021
Founding team: Led by former Sony president Kunitake Ando
Token standard: ERC-20, based on Ethereum blockchain
The main function:
Data Monetization: Users can upload personal data to the Jasmy Personal Data Lock (PDL) and exchange it for JASMY tokens.
Data Trading: Businesses use JASMY tokens to pay service fees for access to user data.
IoT Integration: By connecting IoT devices, users are able to add more data, increasing the value of that data to buyers.
JASMY's Token Economic Model
Total supply: 50 billion
Token Allocation:
48%: Ecosystem Fund
27%: Investors
20%: Contributors and community
5%: Incentive Program
Latest News and Market Performance
Latest price: $0.028 as of this writing
24-hour increase: 26%
Market value: approximately $1.386 billion, ranking 69th in market value
Market sentiment: After the Ethereum spot ETF was approved, market sentiment was optimistic, driving the JASMY price to soar
Historical price trend analysis
JASMY's price has been highly volatile, and has experienced multiple peaks and troughs since its launch in 2021:
February 2021: Surges from $1.29 to $4.99 before falling more than 64% in a week.
July 2021: The price drops to $0.011.
November 2021: After the Coinbase listing, the price briefly rose to $0.27 but then fell back.
2022: The price remains below $0.09 throughout the year, falling to $0.002944 at the end of the year.
2023: Prices have recovered somewhat, rising to a year-to-date high of $0.0085.
Investment Analysis
Advantage
Data democratization: Data protection and monetization through a decentralized model.
Strong team: Led by former Sony executives with extensive industry experience.
Market Need: Jasmy’s product is highly relevant in the context of increasing demands for data privacy and security.
challenge
Market Competition: Jasmy faces stiff competition from other data monetization and IoT projects.
Price volatility: Historical price trends show great volatility and the investment risk is high.
Market acceptance: Although the project concept is advanced, its actual application and market acceptance still need to be observed.
overall evaluation
JasmyCoin is an innovative project focusing on data monetization and the Internet of Things, with certain market potential and technical foundation. However, in the face of fierce market competition and price fluctuations, investors should remain cautious. Against the backdrop of optimistic market sentiment, JASMY may perform well in the short term, but its long-term investment value still needs further observation and verification.
Investment Advice
For investors with strong risk tolerance, JASMY may be a project worth paying attention to at present. However, it is recommended to make investment decisions after clarifying the market trend and the actual progress of the project. At the same time, continue to pay attention to the technical progress and market application of the project team to evaluate its long-term development potential.
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