Ramazan Eles 
With the rise of the Internet of Things (IoT) and Web3, users’ personal data is increasingly exposed to the risks of hacking, leakage, or manipulation. To address this issue, several crypto projects have emerged. JasmyCoin is one of them. It positions itself as the “Japanese Bitcoin”. What is JasmyCoin? How does its token work? What is its price evolution?
What is Jasmy?
Jasmy is a platform that offers a decentralized storage solution tailored to new virtual worlds, such as metaverses. Jasmy allows metaverses deployed on its network to access a direct gateway that allows them to exchange data.
That’s not all! Jasmy also gives users the ability to manage and monetize their data, choosing who they can share or sell it to. Thus, Jasmy aims to give users back control of their data, protecting them from the abuses of tech giants.
Jasmy was created in 2016 in Tokyo, but was not officially launched until 2021 on the Japanese subsidiary of BITPoint. Jasmy is managed by a team of experts, including:
- Kunitake Ando, CEO and co-founder of Jasmy, former Sony executive
- Kazumasa Sato, CTO and co-founder of Jasmy, former Sony executive
- Hara Hideo, Advisor to Jasmy, former chairman of Sony
The JasmyCoin (JASMY) token
The Jasmy token, called JasmyCoin or JASMY, is an ERC-20 token based on the Ethereum blockchain. It is used to power the Jasmy platform. It also plays a crucial role in building its ecosystem.
The JASMY token is compatible with IoT devices, allowing it to be transferred from one device to another. At the moment, it has a total supply of 10 billion tokens, of which 2.5 billion are in circulation.
JasmyCoin price evolution
The price of JASMY peaked on February 19, 2024, with a 28.76% increase against the overall crypto market which was up 1.7%. According to CoinMarketCap data, the JASMY token has increased by 77.96% in 7 days. It went from $0.00618 on February 14 to $0.011 on February 20.
At the time of writing, the JASMY crypto is trading at $0.01932.
This increase can be explained by several factors, including the listing of the token on Binance, the largest crypto exchange platform in the world, on February 20, 2024. The listing on Binance should indeed increase the liquidity and visibility of the JASMY token, as well as its demand.
Another factor that boosted the price of the JASMY token: the partnership with Line, the most popular social network in Japan. The latter has 80 million monthly users.
What is the future outlook for Jasmy?
The JASMY token has significant upside potential, given its current low market capitalization (around $20 million) and high demand.
The JASMY token could also benefit from the craze for metaverses, which are becoming increasingly popular in the crypto world. It could also benefit from the growing adoption of IoT, which is expected to represent a $1.6 trillion market by 2025 with a potential price increase to $0.0475.