JASMY

Overview of JASMY

JasmyCoin (JASMY) is a type of cryptocurrency founded in 2018. The mastermind behind its commencement is Yoshiki Yasui. It is supported by several popular exchange platforms such as Binance, BitMart, Huobi, and Coincheck. For the purposes of storage and safety, JasmyCoin can be stored on hardware wallets including MyEtherWallet, Ledger, and Trezor. It encourages greater transparency in data usage and promotes a balance between data usage and individual privacy rights in this digital era.

Pros and Cons

What Makes JASMY Unique？

JASMY Coin introduces innovation to the cryptocurrency field by focusing on the data ownership. As more digital data is generated, shared, and stored every day, issues of data ownership, privacy and security come to the forefront. JASMYs approach deals with this problem by aiming to construct a new data economy that emphasizes balance between usage and individual data right.

Unlike some other cryptocurrencies, JASMY is not just a medium of exchange or a store of value, but it also represents a measure of data ownership. The JASMY tokens serve as a digital asset that can not only be traded, but also be used within the JASMY ecosystem to negotiate and balance data rights and usage.

Moreover, JASMY comes with compliance to GDPR (General Data Protection Regulation), emphasizing its focus on data security and privacy. While many cryptocurrencies prioritize transparency and the creation of a trustless environment, JASMY‘s focus on individuals’ data rights brings a unique angle to how cryptocurrencies can shape digital interactions and economies.

How Does JASMY Work？

The working mode and principle of JASMY revolve around building a decentralized data platform that emphasizes data ownership and privacy. The JASMY token functions as the core currency within this platform, stimulating data transactions and negotiations within the JASMY ecosystem.

The established framework follows these steps:

1. Data collection: Where JASMY collects data from various IoT devices with the users' consent.

2. Data structuring: The raw data is then structured and standardized.

3. Data trading: Users who share their data receive JASMY tokens as remuneration. Developers or businesses who wish to use this data for analytical purposes or creating new services can purchase the data with JASMY tokens.

4. Data control: User autonomy over data and privacy is highly respected. Users have the right to determine how much of their data can be shared or sold.

Exchanges to Buy JASMY

Below are a few cryptocurrency exchanges that support buying JASMY tokens. Please note it's essential to cross-check with the respective exchanges as availability and trading pairs can change over time.

1. Binance: One of the biggest and best-known cryptocurrency exchanges worldwide, it supports a JASMY/USDT trading pair.

2. BitMart: BitMart also supports the JASMY token. The exchange currently offers a JASMY/USDT trading pair.

3. Huobi: This Singapore based cryptocurrency exchange supports JASMY tokens and provides a JASMY/BTC pair as well as a JASMY/USDT pair.

4. Coincheck: As one of the leading cryptocurrency exchanges in Japan, Coincheck lists JASMY for trading and offers a JASMY/JPY pair.

5. Bittrex: Bittrex provides a platform for trading JASMY tokens with trading pairs being JASMY/USDT.

How to Store JASMY？

JasmyCoin (JASMY) is primarily an Ethereum (ERC-20) based cryptocurrency. As a result, it can be stored in any wallet that supports ERC-20 tokens. Choices of wallets include hardware wallets, software wallets, and mobile wallets, each coming with its own advantages and caveats, thus necessitating careful selection based on individual needs and circumstances.

1. Hardware Wallets: These are the safest types of wallets for storing cryptocurrencies, including JasmyCoin (JASMY). They store the user's private keys offline on a physical device, protecting them from online threats. Ledger and Trezor are examples of hardware wallets that support ERC-20 tokens like JasmyCoin.

2. Software Wallets: Also known as desktop wallets, software wallets are programs downloaded and installed on a computer. They offer a good balance between security and convenience. MyEtherWallet (MEW) is an example of a software wallet; it's a free, open-source, client-side interface that allows users to interact directly with the blockchain while remaining in full control of their keys & funds.

3. Mobile Wallets: These are applications on a mobile device that store cryptocurrency. They offer the advantage of enabling users to access and transact their cryptocurrency anywhere. Trust Wallet is a secure and easy-to-use mobile wallet that supports the storage of ERC-20 tokens like JasmyCoin.

4. Web Wallets: These wallets are accessed through web browsers and offer convenience of use across multiple devices with internet access. However, they can be susceptible to online threats. MetaMask is a popular web-based ERC-20 compatible wallet.

5. Exchange Wallets: Several cryptocurrency exchanges offer wallets to users where they can store their purchased cryptocurrency. While a convenient option, these tend to be less secure as control of the private keys lies with the exchange and not the individual user.

Should You Buy JASMY？

Investing in any cryptocurrency, including JASMY, requires careful consideration, thorough due diligence and an awareness of the inherent volatility connected with digital assets.

1. Technologically Aware Investors: Those who have an understanding of blockchain technology, IoT, data rights, and are conversant with cryptocurrency functioning may find JASMY investing suitable.

2. Privacy Advocates: Individuals concerned with data rights, privacy and the decentralization of data control might find JASMY interesting due to its unique focus on data rights and privacy.

3. Long-Term Investors: If you foresee a growth in the data privacy sector and are willing to anticipate the potential of JASMY in this scenario, you might find JASMY a suitable investment.

4. Risk Takers: As with all cryptocurrencies, JASMY is subjected to severe market volatility. If you have a high-risk tolerance, you may consider investing in JASMY.

5. Experienced Traders: For traders accustomed to the digital asset market's ebbs and flows can consider JASMY as a part of their investment portfolio.

FAQs

Q: What are the common trading pairs for JasmyCoin (JASMY)？

A: Common trading pairs for JasmyCoin include JASMY/USDT, JASMY/BTC, and JASMY/JPY on various exchanges.

Q: Where can I safely store my JasmyCoin (JASMY)？

A: You can securely store JasmyCoin (JASMY) in any wallet that supports ERC-20 tokens, such as MyEtherWallet, Ledger, and Trezor.

Q: Which type of investors may find JasmyCoin (JASMY) suitable？

A: Investors with a strong understanding of blockchain technology, data rights and privacy, as well as those willing to take risks given the volatility of the cryptocurrency market, may find JasmyCoin (JASMY) a suitable investment.

Q: Where can I buy JasmyCoin (JASMY)？

A: You can buy JasmyCoin (JASMY) on several popular cryptocurrency exchanges, including Binance, BitMart, and Huobi.