JasmyCoin (JASMY)

What is JasmyCoin?

JasmyCoin is a blockchain project focused on data ownership and Internet of Things integration within the digital economy. The token launched in the year 2021 and was founded by Kunitake Ando and Kazumasa Sato. Because the project centers on data sovereignty, its primary use case involves managing information generated by connected devices across various networks. Users utilize the JASMY token to facilitate these data management processes and interact with the broader Internet of Things ecosystem. Currently, the project operates alongside related tokens like IOTA, FIL, and OCEAN in the data sector, holding a market rank of 123.

How does JasmyCoin work?

JasmyCoin operates as a digital asset designed to facilitate data exchange within the Internet of Things environment. Since the project functions on an established blockchain network, it relies on the underlying infrastructure to secure its data management operations. This foundational layer ensures that all information transfers remain verifiable and immutable across the distributed ledger system.

Network participants include individuals generating data and the organizations seeking to utilize this information for various applications. Node operators on the underlying blockchain process the transactions initiated by these users to maintain network integrity. By participating in this ecosystem, individuals retain control over their personal information while interacting with connected devices.

When a user initiates a data transfer, the transaction is broadcast to the network for verification by active nodes. Once verified, the transaction settles on the blockchain, permanently recording the exchange of information and associated tokens. This settlement process allows the JASMY token to function effectively as a medium of exchange for data sovereignty services.

JasmyCoin use cases

JasmyCoin tokenomics

The tokenomics of JasmyCoin are defined by a fixed maximum supply model that limits the total number of tokens that can ever exist. Specifically, the protocol establishes a hard cap of 50000000000 tokens, ensuring that no additional units can be created beyond this predetermined threshold. Currently, the circulating supply stands at 49444999677.1696 tokens, which indicates that the vast majority of the total supply is already available within the open market. Because the circulating supply is extremely close to the maximum supply, the network experiences minimal inflationary pressure from new token issuance. This supply structure supports the ecosystem by providing a predictable monetary base for participants engaging in data management and Internet of Things transactions.

JasmyCoin price history & milestones

JasmyCoin launched in the year 2021 to provide a decentralized solution for data ownership and connected devices. Shortly after its introduction to the market, the token reached its all-time high price of $4.99 on 2021-02-16. Following broader market shifts over the subsequent year, the asset eventually recorded its all-time low price of $0.002747 on 2022-12-29. Since reaching that historical low point, the token has continued to trade on various cryptocurrency exchanges without any further extreme price boundaries being established. Currently, the project maintains a measurable presence in the digital asset landscape, holding a market rank of 123 among all tracked cryptocurrencies.