Jasmy is a token native to the Jasmy ecosystem. It is an ERC-20 token. It was first introduced to the Japanese crypto exchange, BITPoint Japan. Jasmy was founded by Kazumasa Sato, a former Sony employee in 2021.
Jasmy’s main purpose is to focus on data security and provide data owners with a platform for data owners to store, access, and exchange their data. Jasmy uses the Internet of Things (IoT) to perform all of these tasks.
Jasmy Use Cases
Jasmy is a blockchain platform focused on providing security and data sharing services in the IoT era. As an organization, Jasmy develops decentralized IoT platforms using a decentralized storage network.
The Jasmy platform is used to create and maintain the infrastructure necessary for data owners to store, access, and exchange data.
What are the uses and use cases of Jasmy?
Jasmy’s blockchain platform is used to retrieve and protect individual data. The Jasmy platform provides the infrastructure data owners need to store, access, exchange, and otherwise use their data safely and securely.
Metaverse applications built on the Jasmy network can exchange data with each other using Jasmy technology.
- Jasmy Coin, the ERC-20 coin plays an important role in powering the platform. It is the native token of the Jasmy ecosystem and therefore is used as governance and game tokens on Jasmy games.
- Jasmy coin is used to purchase game resources in Jasmy games.
- Jasmy is also used for Staking and also for rewards on the Jasmy platform.
- cares about data security, Jasmy Coin is used to access the data available in Jasmy’s data lockers.
- coin is also used to vote on the Jasmy platform.
How is Jasmy different from others?
Jasmy is designed for IoT, the Internet of Things. Now, what is the Internet of Things? IoT or Internet of Things is the connection between devices through the Internet that allows the sharing and reception of data between these devices. The devices could be computers, cars, phones, etc.
As a blockchain, Jasmy deals with security and metaverted data exchange. With the expansion of the metaverse world, a significant problem within the metaverse and blockchain worlds is the lack of an effective and decentralized data storage system.
Jasmy comes into play in this field and thus differentiates itself from the rest of blockchains. With metaverse, applications built on the network can establish direct bridges for exchanging data between them. Jasmy offers a secure, user-oriented environment where data can be stored, saved, or exchanged.
To achieve this, Jasmy follows four steps, the steps are:
Creating an ID
Immersive game worlds
IoT devices and equipment
Who are Jasmy’s competitors?
Jasmy has some competitors but not directly in his field. Jasmy’s competitors are:
MXC: MXC is used to publish, sell and exchange data on an NFT marketplace. Use a crowdsourced IoT network.
VeChain: Vechain is usually used in supply chain management. It is also used to publish, sell and exchange data on an NFT marketplace.
Helium: Helium is used to handle low-volume data over the Internet at low cost.