Jasmycoin (JASMY) is an Ethereum token based on the ERC20 standard and designed for use on the Jasmy IoT platform. What sets Jasmy apart from the hundreds of crypto projects available are the management pedigree, the meticulous approach to governance and the innovative Jasmy platform itself.
First, Jasmy is headed by Kunitake Ando, Former President and COO of Sony Corporation, Kazumasa Sato, former CEO of Sony Style.com Japan Inc. , Masanobu Yoshida, President of Sony Corporation Handheld Computer Company and CFO Hiroshi Harada who is in charge of accounting, finance, taxation and investor relations.
Additionally, Ryuji Yabe and Hidenao Toyoshima bring decades of legal and corporate taxation experience to the Jasmy team. Very few crypto projects come close to the management expertise of this team.
Second, many newcomers will quickly notice that JASMY traded around $5 per coin and fell precipitously because the Japanese government enacted stringent rules and regulations regarding any blockchain based project. The Jasmy team has created a platform and was the very first that passed that rigorous government compliance test and can be truly called "The Japanese Bitcoin".
Finally, It is said that data is the oil of the 21st century. Each of us generates reams of valuable data from our life each day. Just the act of driving, shopping and communicating produces useful and valuable data that is possessed by a small number of giant platforms. With the Jasmy Platform each individual can own use their data safely and securely.
On a simple level, the internet of things or IOT is just internet-connected devices that use sensors to collect and transfer data without human intervention. Everything from a smart lightbulb to a fully autonomous vehicle falls under this definition.
The Jasmy team has built an advanced, integrated IoT management and secure data storage platform. The core services of the Jasmy platform are the SKC (Secure Knowledge Communicator) and SG (Smart Guardian) and are based on the core concept of based on the basic idea of "democratization of data". The users of the Jasmy platform will have personal data lockers to hold their important or personal data. Users will determine who to share their data with and the scope of the sharing and companies can transact with users in a safe and beneficial way. In order for Jasmy to provide unlimited scalability of personal data storage, data files are stored within the decentralized network while only hash values are managed on the blockchain. Additional detail can be found in the Jasmy whitepaper https://www.jasmy.co.jp/images/whitepaper20200618_eng.pdf
Jasmycoin is limited to 50,000,000,000 (50 Billion) tokens that will never be increased and a large percentage of tokens will most likely be reserved for current partners like Transcosmos and Witz as well as compaines like Toyota, Apple and Sony. As of this writing, JASMY is traded on Coinbase, Bittrex and KuCoin with additional exchange announcements expected soon.
JASMY is not a meme coin. It is run by a seasoned management team who are meticulous and cautious in their approach. While any crypto is susceptible to wide price swings, I believe the value of JASMY will appreciate consistently over time.