JASMY Coin, simply known as JASMY, is the native token of the JasmyCoin project, which is essentially a data marketplace where users can sell data generated from IoT devices to various businesses. JASMY serves as the payment currency within the JasmyCoin data platform. The project comprises four main components: a data market, a Secure Knowledge Communicator, a Smart Guardian, and JasmyNet. These components enable secure data exchange between individuals and businesses and provide users with personal data locks.
The issuance price of JASMY Coin remains unknown. As part of the JasmyCoin project, JASMY is the native utility token used for transactions within the data platform. Here are some of the current use cases for JASMY:
- **Data Utilization:** Users need to hold JASMY tokens to access and exchange data collected from IoT devices.
- **Data Democratization:** Users can hold JASMY tokens as a store of value, accelerating the adoption of data democratization.
The project is built around several key components:
- **Data Market:** A platform for secure data exchange between individuals and businesses.
- **Secure Knowledge Communicator (SKC):** A distributed user authentication system that provides users with personal data locks.
- **Smart Guardian (SG):** Allows for easy and secure registration of IoT devices to the JasmyCoin network.
- **JasmyNet:** A data network exclusively accessible to authorized member companies of the consortium.
Research shows that JASMY is listed on 32 exchanges, including major ones like Binance and Coinbase Pro. This indicates a certain level of value and credibility, as exchanges typically assess the risks associated with listing projects, which can help mitigate investment risks for users.
Jasmy utilizes the latest blockchain technology to provide an IoT platform that manages data from IoT devices securely and efficiently. Unlike traditional centralized servers, Jasmy aims to decentralize this process by storing and processing data on the decentralized storage network IPFS. JASMY, an Ethereum-based token, powers the Jasmy platform and can be used for transferring tokens between devices and paying for network service fees.
Long-term price predictions for assets can help investors understand consensus thinking and potential upside/downside space, aiding in investment decisions. However, long-term predictions for cryptocurrencies are challenging as most algorithm-based predictions change rapidly with current price movements. Therefore, it's wise to approach these predictions with skepticism.
Jasmy's "IoT Platform," developed on blockchain technology, is set to provide internet data security solutions and technical services to listed companies like Transcomos, VAIO, and Witz starting in 2021. It also extends to sectors such as automotive, healthcare, and education. Compared to traditional data service platforms, Jasmy offers significant improvements in service scope, methods, and quality.
In summary, JASMY Coin's issuance price remains undisclosed, but the JasmyCoin project leverages the power of blockchain technology within its IoT platform to create and maintain data security for owners, helping users securely store, access, exchange, or otherwise utilize their data. The project's foundational modules facilitate secure and efficient communication with IoT devices, and its applications enable users to manage and use their data as needed. Jasmy fosters an efficient and democratic process through decentralized blockchain technology.
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