JasmyCoin (JASMY)

What is JasmyCoin?

JasmyCoin is a blockchain project focused on data ownership and Internet of Things integration. The token was launched in the year 2021 by founders Kunitake Ando and Kazumasa Sato. Because the specific consensus mechanism is not detailed in the provided data, the network relies on its underlying architecture to secure transactions. The primary use case for the JASMY token involves facilitating data management and data sovereignty within the broader Internet of Things ecosystem. Currently, the project operates within the data and IoT categories, maintaining a position alongside related tokens such as IOTA, FIL, and OCEAN in the digital asset market.

How does JasmyCoin work?

JasmyCoin operates on a decentralized blockchain network designed to handle data transactions securely. Since the specific consensus mechanism is not provided, the system relies on standard cryptographic protocols to validate network activity. This underlying framework ensures that data ownership records remain immutable and transparent across the entire distributed ledger.

Network participants include users and devices interacting within the Internet of Things environment. These participants generate and share data, which is then processed by network nodes responsible for maintaining the blockchain. The nodes verify the authenticity of the information before it is permanently recorded on the digital ledger.

The transaction flow begins when a user or device initiates a data transfer using the JASMY token. This transfer is broadcast to the network, where validators confirm the transaction details according to the protocol rules. Once confirmed, the settlement is finalized, updating the ledger to reflect the new data sovereignty status.

JasmyCoin use cases

JasmyCoin tokenomics

The tokenomics of JasmyCoin are defined by a fixed maximum supply model, which limits the total number of tokens that can ever exist. Specifically, the protocol establishes a hard cap of 50000000000 JASMY tokens. Out of this total maximum limit, the current circulating supply stands at approximately 49444999677.1696 tokens. This indicates that the vast majority of the total supply has already been issued and is actively circulating within the market. Because the circulating supply is extremely close to the maximum supply, the network experiences minimal inflationary pressure from new token issuance. The fixed supply structure is designed to support the utility of the token across its data management and Internet of Things applications without continuous dilution.

JasmyCoin price history & milestones

JasmyCoin officially launched in the year 2021, entering the digital asset market to support decentralized data ownership and Internet of Things integration. During its initial trading periods, the token experienced significant market volatility as early participants evaluated its utility and technology. The token reached its all-time high price of $4.99 on 2021-02-16. Conversely, the digital asset later declined to its all-time low price of $0.002747 on 2022-12-29. These historical price extremes reflect the broader fluctuations within the cryptocurrency sector over the past few years. Currently, JasmyCoin holds a market rank of 132, indicating its relative position and capitalization among all active digital assets today.