Jasmy is an Internet of Things (IoT) provider, a blockchain platform designed to provide data security and sharing services.
Everything About Jasmy
This project is a cryptocurrency project of the Jasmy Corporation, the so-called Internet of Things (IoT), led by former Sony executives. Although it is still a new project, it has been making a name for itself lately and was founded in 2016 in Tokyo, Japan, by Kazumasa Sato.
The platform aims to improve data security and provide data-sharing services in the era of the Metaverse and the Internet of Things (IoT). With this aim of the project, users will truly own their data and will be able to monetize their data if they wish.
Jasmy and Metaverse
The project’s technology enables networked metaverse applications to establish direct bridges for data exchange among themselves. Thus, it provides decentralized storage services suitable for metaverse applications. Considering the growth of the metaverse ecosystem, which is increasing in the number of users and trade volume day by day, we can say that this project will make a name for itself in the future.
How Does Work?
This Project’s work on the IoT side is around data trading. It does this by matching service providers with data users. In this project, service providers collate user data from various sources and package and sell it to data users. An example would be a financial services organization (service provider) selling users’ information to a third-party insurance company(s) (data user).
According to company, “By using the platform, service providers can reduce information security costs, increase service levels, and use information held by users outside the company.”
The native token of the Jasmy ecosystem is JASMY. This token is an ERC-20 standards-based token that can be used for both community governance and as a gaming token. This token’s use cases include:
- Rewarding and motivating players in ecosystem games.
- Purchasing Mystery Blind Box Foundry Heroes.
- Buying metaverse, in-game assets such as heroes, weapons, consumables, and land.
- Staking in liquidity pools for liquidity mining and obtaining token rewards.
- Accessing data available in Jasmy data lockers by holding JASMY.
- Taking part in the ecosystem’s governance mechanism through voting on proposals. This will ultimately allow its community to operate as a Decentralized Autonomous Organization (DAO).
The token is also used to reward community members for their contribution to the ecosystem.
The maximum supply of the token is 50 billion, of which 48% is allocated to the ecosystem fund, 27% to investors, 20% to ecosystem contributors, and 5% to incentives programs.
Where Can I Buy The Tokens?
At the time of writing (Q1 2023), JASMY token can be purchased on centralized exchanges such as Binance, Coinbase, Bithumb, KuCoin, and Gate.io, as well as decentralized exchanges such as Uniswap and Sushiswap.
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