JASMY

Overview of JASMY

JasmyCoin (JASMY) is a type of cryptocurrency founded in 2018. The mastermind behind its commencement is Yoshiki Yasui. It is supported by several popular exchange platforms such as Binance, BitMart, Huobi, and Coincheck. For the purposes of storage and safety, JasmyCoin can be stored on hardware wallets including MyEtherWallet, Ledger, and Trezor. It encourages greater transparency in data usage and promotes a balance between data usage and individual privacy rights in this digital era.

Pros and Cons

Pros:

1. Supported by several popular exchanges: This means that JasmyCoin has wider accessibility for potential investors. Being supported by well-known platforms such as Binance, BitMart, Huobi, and Coincheck can signify a level of recognition and acceptance in the cryptocurrency market.

2. Can be stored on well-known hardware wallets: JasmyCoin tokens can be stored securely on reputable hardware wallets like MyEtherWallet, Ledger, and Trezor. This is crucial for cryptocurrency security as these wallets are designed to resist theft, offering a safe place to store digital assets.

3. Promotes balance between data usage and privacy: JasmyCoin aims to create an ecosystem where both data usage and individuals' privacy rights are respected, promoting transparency and trust in the digital space.

4. Operates in a growing market of data rights: The rising concerns on data privacy and data rights present a potentially growing market for JasmyCoin to operate in. By focusing on data rights, JasmyCoin could capitalize on a trending societal issue and public interest.

Cons:

1. Limited historical performance data: As JasmyCoin was launched in 2018, there may not be much historical data available to assess its growth and stability over time. This might make it harder for potential investors to make projections and identify trends.

2. Dependent on data privacy trends and regulations: The future of JasmyCoin heavily relies on how data privacy trends and governmental regulations evolve. This dependence might pose a risk as legislative changes could impact the business model negatively.

3. Market dynamics and volatility: As with any cryptocurrency, JasmyCoin is subject to market changes. These dynamics can include unexpected price torque, fluctuations, and severe volatility which can be risky for investments.

4. Cryptocurrency knowledge and awareness are still developing: Despite the popularity of cryptocurrencies, understanding and awareness among the general public is still at a building stage. This might limit the potential user base for JasmyCoin.

What Makes JASMY Unique？

JASMY Coin introduces innovation to the cryptocurrency field by focusing on the data ownership. As more digital data is generated, shared, and stored every day, issues of data ownership, privacy and security come to the forefront. JASMYs approach deals with this problem by aiming to construct a new data economy that emphasizes balance between usage and individual data right.

Unlike some other cryptocurrencies, JASMY is not just a medium of exchange or a store of value, but it also represents a measure of data ownership. The JASMY tokens serve as a digital asset that can not only be traded, but also be used within the JASMY ecosystem to negotiate and balance data rights and usage.

Moreover, JASMY comes with compliance to GDPR (General Data Protection Regulation), emphasizing its focus on data security and privacy. While many cryptocurrencies prioritize transparency and the creation of a trustless environment, JASMY‘s focus on individuals’ data rights brings a unique angle to how cryptocurrencies can shape digital interactions and economies.

However, this does not necessarily mean JASMY is superior or inferior to other cryptocurrencies. Its application and success largely depend on data privacy trends and regulatory developments in the future. It also remains susceptible to the inherent volatility and risks common to the cryptocurrency market.

Circulation of JASMY

Circulating Supply:

The circulating supply of JASMY is currently 48.89 billion tokens. This means that these are the tokens that are currently available to buy and sell on exchanges. The total supply of JASMY is 50 billion tokens, but the remaining tokens are not yet in circulation.

Price Fluctuation:

The price of JASMY has fluctuated significantly since its launch in March 2021. It reached an all-time high of $0.3849 on April 16, 2021, but has since fallen to its current price of $0.00362369 as of September 19, 2023.

There are a number of factors that can contribute to the price fluctuation of JASMY, including:

• Supply and demand: The price of JASMY is determined by the supply of tokens available and the demand for those tokens. If there is more demand for JASMY than there is supply, the price will go up. Conversely, if there is more supply of JASMY than there is demand, the price will go down.

• News and market sentiment: Positive news and developments surrounding JASMY can boost demand for the token and drive up the price. Conversely, negative news and developments can dampen demand and drive down the price.

• Overall market conditions: The cryptocurrency market as a whole is volatile and can experience significant price fluctuations. JASMY is not immune to these fluctuations and its price can be affected by broader market conditions.

Additional Notes:

JASMY is a Japanese company that develops and operates the JASMYCoin blockchain platform. The JASMYCoin platform is designed to provide a secure and efficient way to manage and share data. JASMYCoin tokens are used to pay for transaction fees on the JASMYCoin platform and to participate in governance.

The JASMY team is working on a number of initiatives, including launching new features and expanding the JASMYCoin ecosystem. If the team is successful in executing on its plans, this could boost adoption and demand for JASMYCoin.

Overall, JASMY is a promising project with a number of potential benefits. However, it is important to be aware of the risks associated with investing in a cryptocurrency, including the risk of price volatility.

Investors should carefully consider their own risk tolerance and investment goals before investing in JASMY.

How Does JASMY Work？

The working mode and principle of JASMY revolve around building a decentralized data platform that emphasizes data ownership and privacy. The JASMY token functions as the core currency within this platform, stimulating data transactions and negotiations within the JASMY ecosystem.

The established framework follows these steps:

1. Data collection: Where JASMY collects data from various IoT devices with the users' consent.

2. Data structuring: The raw data is then structured and standardized.

3. Data trading: Users who share their data receive JASMY tokens as remuneration. Developers or businesses who wish to use this data for analytical purposes or creating new services can purchase the data with JASMY tokens.

4. Data control: User autonomy over data and privacy is highly respected. Users have the right to determine how much of their data can be shared or sold.

JASMY's approach centralises the data trade while maintaining decentralized control over individual data, providing a unique solution to the classic problem of balancing privacy with the potential benefits of shared data. This approach intends to provide people with control over their own data while still being able to participate in and benefit from the emerging data economy.

Exchanges to Buy JASMY

Below are a few cryptocurrency exchanges that support buying JASMY tokens. Please note it's essential to cross-check with the respective exchanges as availability and trading pairs can change over time.

1. Binance: One of the biggest and best-known cryptocurrency exchanges worldwide, it supports a JASMY/USDT trading pair.

2. BitMart: BitMart also supports the JASMY token. The exchange currently offers a JASMY/USDT trading pair.

3. Huobi: This Singapore based cryptocurrency exchange supports JASMY tokens and provides a JASMY/BTC pair as well as a JASMY/USDT pair.

4. Coincheck: As one of the leading cryptocurrency exchanges in Japan, Coincheck lists JASMY for trading and offers a JASMY/JPY pair.

5. Bittrex: Bittrex provides a platform for trading JASMY tokens with trading pairs being JASMY/USDT.

6. KuCoin: Another exchange that supports the buying of JASMY tokens is KuCoin. The exchange supports markets in JASMY/BTC and JASMY/USDT.

7. Poloniex: Poloniex allows the trade of JASMY tokens, supporting trading pairs like JASMY/USDT.

8. Kraken: This globally recognized exchange also hosts the purchasing of JASMY tokens with its market pair JASMY/USD.

9. OKEx: As a major digital asset exchange, OKEx supports the trading of JASMY tokens and offers a JASMY/USDT pair.

10. Bitfinex: Bitfinex is another option for purchasing JASMY tokens. It provides market pairs like JASMY/USD and JASMY/BTC.

Please conduct due diligence when deciding to trade JASMY tokens on any exchange, and remember to consider factors such as security, fees, and customer service.

How to Store JASMY？

JasmyCoin (JASMY) is primarily an Ethereum (ERC-20) based cryptocurrency. As a result, it can be stored in any wallet that supports ERC-20 tokens. Choices of wallets include hardware wallets, software wallets, and mobile wallets, each coming with its own advantages and caveats, thus necessitating careful selection based on individual needs and circumstances.

1. Hardware Wallets: These are the safest types of wallets for storing cryptocurrencies, including JasmyCoin (JASMY). They store the user's private keys offline on a physical device, protecting them from online threats. Ledger and Trezor are examples of hardware wallets that support ERC-20 tokens like JasmyCoin.

2. Software Wallets: Also known as desktop wallets, software wallets are programs downloaded and installed on a computer. They offer a good balance between security and convenience. MyEtherWallet (MEW) is an example of a software wallet; it's a free, open-source, client-side interface that allows users to interact directly with the blockchain while remaining in full control of their keys & funds.

3. Mobile Wallets: These are applications on a mobile device that store cryptocurrency. They offer the advantage of enabling users to access and transact their cryptocurrency anywhere. Trust Wallet is a secure and easy-to-use mobile wallet that supports the storage of ERC-20 tokens like JasmyCoin.

4. Web Wallets: These wallets are accessed through web browsers and offer convenience of use across multiple devices with internet access. However, they can be susceptible to online threats. MetaMask is a popular web-based ERC-20 compatible wallet.

5. Exchange Wallets: Several cryptocurrency exchanges offer wallets to users where they can store their purchased cryptocurrency. While a convenient option, these tend to be less secure as control of the private keys lies with the exchange and not the individual user.

Note: Storing your cryptocurrencies in a secure wallet is crucial. Remember to always do your own research before deciding on a wallet to store your tokens as wallet security can greatly affect the safety of your assets.

Should You Buy JASMY？

Investing in any cryptocurrency, including JASMY, requires careful consideration, thorough due diligence and an awareness of the inherent volatility connected with digital assets.

1. Technologically Aware Investors: Those who have an understanding of blockchain technology, IoT, data rights, and are conversant with cryptocurrency functioning may find JASMY investing suitable.

2. Privacy Advocates: Individuals concerned with data rights, privacy and the decentralization of data control might find JASMY interesting due to its unique focus on data rights and privacy.

3. Long-Term Investors: If you foresee a growth in the data privacy sector and are willing to anticipate the potential of JASMY in this scenario, you might find JASMY a suitable investment.

4. Risk Takers: As with all cryptocurrencies, JASMY is subjected to severe market volatility. If you have a high-risk tolerance, you may consider investing in JASMY.

5. Experienced Traders: For traders accustomed to the digital asset market's ebbs and flows can consider JASMY as a part of their investment portfolio.

Please consider the following advice before any investment decision:

a. Research Thoroughly: Conduct extensive research into JASMY's objectives, performance, and market trends. Information included in a projects whitepaper, news on the project from reliable sources can form solid research material.

b. Understand Cryptocurrency: Make sure you have deep knowledge about the processes of buying, storing, and selling tokens securely.

c. Diversify Investments: Don't put all your investment in one place. Diversifying your portfolio across various assets can help mitigate risks.

d. Invest What You Can Afford to Lose: The prices of cryptocurrencies can be highly volatile. Its recommended to only invest the amount of money you can withstand to lose.

e. Consult a Financial Advisor: Considering seeking advice from a certified financial advisor or professional before making any investment decision.

Remember, while there's potential for high returns when investing in cryptocurrencies, there's also a significant risk of losing your investment. Considering your financial situation, understanding the technology you're investing in, and being aware of the market risks can help ensure that you make the most informed decision possible.

Conclusion

JasmyCoin (JASMY) is a distinctive cryptocurrency, spotlighting on individual's data rights and privacy within the digitized data economy. Launched in 2018 by Yoshiki Yasui, and being listed on a string of prominent cryptocurrency exchanges, JASMY has garnered some attention in the cryptocurrency market.

The unique focus of JASMY on data ownership puts it in a trending sector, with the increasing global concern for data privacy and data rights. It also shows signs of innovation by making the JASMY tokens serve not only as trading commodities but also as negotiators of data usage within its ecosystem. This differentiates JASMY from many other digital currencies in concept and operation.

However, like any other cryptocurrency, JASMY is exposed to market volatility, regulatory changes, and technological risks. While potential gains are possible, losses are also part of the equation. Therefore, investment in JASMY should be considered together with a clear comprehension of these risks, a thorough personal financial assessment, and ideally, professional financial advice.

As for its appreciation prospects, they are largely contingent on the growing awareness and acceptance of data privacy across society and how effectively JASMY can position itself in this future. Furthermore, since crypto value often aligns with technology adoption, much depends on how widely its approach to harmonizing data usage and privacy is adopted and respected by individuals, businesses, and regulators alike. Efforts to understand JASMY should, therefore, be followed by comprehensive reviews on the progress of these broader trends.

FAQs

Q: What are the common trading pairs for JasmyCoin (JASMY)？

A: Common trading pairs for JasmyCoin include JASMY/USDT, JASMY/BTC, and JASMY/JPY on various exchanges.

Q: How does JASMY differ from other cryptocurrencies？

A: JASMY places a unique emphasis on creating a new data economy, where individuals' data rights are respected, and JASMY tokens are used to negotiate data usage and rights.

Q: Where can I safely store my JasmyCoin (JASMY)？

A: You can securely store JasmyCoin (JASMY) in any wallet that supports ERC-20 tokens, such as MyEtherWallet, Ledger, and Trezor.

Q: What potential risks should I be aware of when investing in JasmyCoin (JASMY)？

A: Risks when investing in JasmyCoin (JASMY) include market volatility, changes to data privacy regulations and laws, and limited historical performance data for analysis.

Q: What factors could influence the future value of JasmyCoin (JASMY)？

A: The future value of JasmyCoin (JASMY) could be influenced by changes in data privacy trends, regulation developments, the pace of technology adoption, and overall market conditions in the cryptocurrency industry.

Q: Which type of investors may find JasmyCoin (JASMY) suitable？

A: Investors with a strong understanding of blockchain technology, data rights and privacy, as well as those willing to take risks given the volatility of the cryptocurrency market, may find JasmyCoin (JASMY) a suitable investment.

Q: Where can I buy JasmyCoin (JASMY)？

A: You can buy JasmyCoin (JASMY) on several popular cryptocurrency exchanges, including Binance, BitMart, and Huobi.

Q: What is the working principle of JasmyCoin (JASMY)？

A: JasmyCoin (JASMY) operates by creating a decentralized digital platform where data transactions and negotiations are stimulated with the help of JASMY tokens, balancing data usage with privacy rights.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.