JASMY COIN | JASMY | JASMY COIN PRICE PREDICTION | BUY OR WAIT?
1JasmyCoin, as a platform, was launched to use the Internet of Things (IoT) devices and media created to store and process data in a decentralized form. Just like the generic structure of a market, the cryptocurrency market keeps evolving and branching out while welcoming new protocols and teams every day. However, with this continuous evolution and expansion, more processes are created to sustain them, and one of these solutions is JasmyCoin.
Jasmy Platform serves as a data protection protocol that places data democracy at a high value and aims to act as an intermediary for the secure exchange of data and valuables through their private personal data lockers. This ensures that data is not easily accessed by unauthorized parties and further processed and stored in centralized systems, which aid data analysis and monopolized forecasts.
In this video, we’d explore the nature of Jasmy Coin. Will the previous price performance make it a good investment for the next bull run? Will it hit all-time again after this death spiral, and what’s the price forecast for Jasmy in the coming years?
Jasmy Coin is an Ethereum-based (ERC) coin and native token of the Jasmy platform, a Japanese company that Kunitake Ando created to connect more internet devices thereby Innovating the traditional mode of wealth transfer as the devices are used as a payment for the service. This token serves a huge range of issues and purposes.
According to Jasmy Coin’s whitepaper,
In a digitalized world, individuals do not only act as customers who enjoy the convenience of IoT devices but also as data providers who produce different types of data around their living environment. We believe that the ownership of this data shall belong to the individuals themselves, not to a centralized corporation.
The coin was launched first in Tokyo, Japan, before major exchanges listed it and therefore regarded as the first official Japanese crypto coin and regulated by the country’s government.
Jasmy Coin is also a utility token that provides the infrastructure and environment for decentralized servers to help people with the process of storing their data in a “data locker” and trading them with companies ready to have it. This decentralized server that offers this service and is used by the platform is called IPFS (InterPlanetary File System), a decentralized storage system. Juan Benet created this storage system, but the network used to build it is International Space File Systems, which offers a protocol that increases the internet speed, creates a more open and safer web, and integrates trust into the blockchain. This protocol is also web 3’s storage network that offers the incentives of Filecoin as its subsidiary.
The benefit it offers to an individual is that you’re in charge of your data and its use case, selling it to whomever you choose. Jasmy network’s goal is to serve as a trustworthy platform for customers and businesses that use their platform and ensure that its position in the market can still cater to one of the top priority problems of the internet age.
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