JasmyCoin (JASMY)

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Data Privacy and Ownership

JasmyCoin helps people keep control over their personal data. It allows users to store, manage, and share their data securely, especially data from Internet of Things (IoT) devices.

Data Marketplace

Users can sell their IoT-generated data to businesses using JasmyCoin as the payment token. This creates a system where data is exchanged fairly with user consent.

IoT Device Management

The platform supports easy and secure registration of IoT devices, helping users connect and manage their devices safely within the Jasmy network.

Data Storage and Sharing

JasmyCoin uses decentralized storage systems to keep data safe and private, allowing users to share data only when they want to.

Rewards and Ecosystem Participation

Users can earn JasmyCoin tokens by participating in the ecosystem, such as sharing data or using platform services, encouraging active involvement.

Pros of JasmyCoin

• Data Privacy and Control: JasmyCoin lets users keep their personal data safe and share it only when they want.
• Decentralized Platform: It operates on a decentralized blockchain, which means no single company controls it.
• IoT Integration: Designed to work well with Internet of Things (IoT) devices, helping secure data from smart devices.
• Regulatory Compliance: JasmyCoin is registered with the Japanese Financial Services Agency, adding trust and legal compliance.
• Fast and Low-Cost Transactions: Transactions are processed quickly and with low fees.
• Growing Ecosystem: The project is expanding, with potential partnerships and new features in development.

Cons of JasmyCoin

• Limited Adoption: It is not yet widely used or accepted compared to bigger cryptocurrencies.
• Competition: Faces strong competition from other data privacy and blockchain projects.
• Dependence on IoT Growth: Its success depends on how much IoT devices and platforms grow and adopt it.
• Experimental Stage: Still developing, so some features and use cases are not fully proven or widespread.

These points highlight the main strengths and challenges of JasmyCoin as a crypto token.

Founders of JasmyCoin

• Kunitake Ando: Representative Director of Jasmy, former 7th President and COO of Sony Corporation.
• Kazumasa Sato: President and COO at Jasmy, former CEO of Sony Style.com Japan Inc.
• Masanobu Yoshida: Former CTO at Jasmy, with a strong background in technology.
• Hiroshi Harada: CFO at Jasmy, previously a manager at KPMG.

These founders are former Sony executives who started Jasmy in 2016 to combine blockchain and IoT technology.

Institutional Investors

Large organizations like banks, hedge funds, and pension funds invest in JasmyCoin. They help shape the market and support the long-term growth of the project.

Individual and Speculative Investors

Many individual investors buy JasmyCoin to profit from its potential growth, especially as it gains popularity and value in the crypto market.

Corporate and Strategic Investors

JasmyCoin was created by former Sony executives and has attracted interest from tech companies and investors focused on data monetization and Internet of Things (IoT) technology.

Token Distribution

About 27% of JasmyCoin's total supply is allocated to investors, while the rest goes to ecosystem funds, contributors, and incentive programs. This mix supports both community growth and investor participation.

Halal Status of JasmyCoin

• Yes, JasmyCoin is generally considered halal.
• It focuses on legitimate technology development and data management without involving interest (riba) or prohibited activities.
• The project promotes transparent value exchange by allowing users to control and monetize their personal data.
• It aligns with Islamic principles by avoiding unethical practices and supporting positive societal impact.