Jasmy is a tokenized platform that combines the strengths of blockchain technology with IoT to offer a robust infrastructure for data security. JasmyCoin (JASMY) is the native digital asset of the platform and is dubbed Japans Bitcoin.

The decentralized ecosystem lets users securely manage and control their data and digital devices on the blockchain. In addition to democratizing data security, it allows them to set clear rules to ensure their data is managed with complete security and safety.

The Jasmy network allows users to store their IoT data in a decentralized and encrypted manner. Merchants within the network will pay JASMY coins to access this user data on the ecosystem.

Data generated by users and IoT devices connected to the Jasmy blockchain can be stored and accessed with complete security. The use of this data will require payment of transaction fees in JASMY tokens.

Jasmy supports a Personal Data Locker (PDL) which stores confidential information about users in a secure and decentralized manner on the blockchain. Jasmys infrastructure can be leveraged by IoT devices, platforms, and mobile applications. In addition, solutions that require secure data analysis can also benefit from Jasmys offerings.

JasmyCoin, the native cryptocurrency of the Jasmy Network, can be used in the following ways:

Native Digital Currency

JasmyCoin is used to pay transaction fees within the Jasmy platform. Merchants wishing to access user data on the blockchain must pay fees in JASMY coins.

Digital Currency For Payments

JasmyCoin can also be used as a digital currency just like Bitcoin to enable fast, cheap and efficient payments online. Transferring payments via Jasmy offers a low-cost and high-speed manner of sending and receiving money.

Generate Revenue

Users who store their data on Jasmy can generate a lucrative stream of passive income. Consumers can earn JasmyCoins for participating in the ecosystem and contributing their data for access to merchants on the platform.

Crypto Asset to Trade and HODL

JasmyCoin is listed on several leading cryptocurrency exchanges and DEXs. You can trade JASMY against other cryptocurrencies or hold it long-term if you believe in the future potential of Jasmys technology. Always check the latest JASMY price, market cap, and 24-hour trading volume and perform fundamental, technical, and sentiment analyses before trading JasmyCoin.

Earn Passive Income on BYDFi

You can HODL JasmyCoin and lend liquidity on the BYDFi platform to earn passive income. Head to the Crypto Lending section, enter the number of JASMY you wish to lend and select the duration (7 days, 14 days, or 28 days) to see the daily interest rate and an estimate of profits you can generate.

JasmyCoin is the brainchild of Japan-based Jasmy Corporation, a company founded by former Sony executives which provides IoT services and solutions. Jasmy is headquartered in Tokyo and aims to use blockchain technology to allow customers complete control over their personal data. At the same time, Jasmys platform aims to bring down information security costs for businesses that wish to use customer data without compromising its security.

Jasmy was founded by Kunitake Ando, former President and COO of Sony Corporation, who is now the Representative Director of the project. Other co-founders and senior executives at Jasmy are also former Sony employees, including Kazumasa Sato, Masanobu Yoshida, and Hiroshi Harada.

Jasmy also boasts an impressive list of strategic business partners, such as Transcosmos, VAIO, Centrality, and BORQS. Jasmy has worked with Transcosmos to develop high-security computers for Japans largest customer service center using blockchain technology. It has also worked with Sony VAIO to develop highly secure computing devices for the nations financial services sector.

JasmyCoin offers a unique and mainstream use case for blockchain technology and cryptocurrencies, making it an exciting investment project. As the demand for more decentralized services and technology grows in the future, we could see cryptos like JASMY turn more valuable.

Unlike most digital assets in the market, JasmyCoin offers a very different application, powering another key emerging trend in the technology industry - IoT. The uptick in the adoption of IoT networks will drive up the need to secure them, raising the demand for services like Jasmy provides. Such an instance could increase the real-time JasmyCoin price, market cap, and trading volume, making it an exciting investment asset.

In addition to IoT technology, the JASMY price statistics and market capitalization could receive an additional boost amid rising interest among enterprises in implementing blockchain-based technologies and solutions. Fundamental analysis also reveals that the upcoming Web 3.0 wave could power interest in JASMY as a crypto asset to include in your portfolio, making it a digital asset with a valid use case in the real world.

While it is impossible to make an accurate JasmyCoin price prediction over any period, the JASMY price could witness an uptrend amid a bullish mood in the crypto market. As investor confidence in digital assets grows, investors will look for new crypto assets beyond the largest ones by market cap to diversify their portfolios, a move that could benefit cryptos like JasmyCoin.

Analysis of JasmyCoin's price history reveals that 2021 was favorable for JASMY investors as the crypto hit an all-time high of nearly $5 in February. However, the market volatility in 2022 has dipped its price well under $0.10 as of June 2022.

Judging by the JasmyCoin price action, there is hope that the cryptocurrency could rebound to its ATH, supported by favorable market conditions. In addition to a bullish mood among crypto investors, the rising adoption of Jasmys infrastructure for securing IoT networks and devices could power a rally and take the JasmyCoin price and live market cap back towards its ATH and beyond in the future.

JASMY has a total supply of 50 billion as per its whitepaper. As of June 2022, the circulating supply of JasmyCoin stands at under 5 billion.

The ERC-20 token designed on the Ethereum network has a token allocation as follows:

⧫ 30% of the total supply of JASMY tokens will be held by business companies, amounting to a figure of 15 billion.

⧫ 18% of JasmyCoins total supply has been earmarked for the developer program. The initiative will foster innovation in use cases for the Jasmy ecosystem.

⧫ 14% of JASMY tokens have been set aside for listing expenditures by the team of developers.

⧫ 20% of JasmyCoins total supply has been allocated towards business financing, including paying commissions and service charges.

⧫ 13% of JASMYs total supply has been earmarked for airdrops to ensure liquidity among institutional investors in the project.

⧫ 5% of JasmyCoins from the total supply are set aside as incentives. They will help foster corporate business creation, platform development, financial activity, listing application, and business contributions.

Staking offers a safe way to increase your crypto holdings with lower risk than trading them against other assets on exchanges. JasmyCoins staking service went live in late 2021, with the cryptocurrencys developers tying up with leading platforms where it was listed to offer exciting APRs.

As of June 2022, JasmyCoin is only available for staking on the Binance exchange. Other platforms, including BYDFi, offered a limited period promotional offer on staking JASMY in the market.

You can stake JASMY by researching the latest exchanges and platforms that offer the token for staking. Create an account with the platform of your choice, send your JASMY tokens from BYDFi to your account, and start staking after reviewing the APRs on offer.