JasmyCoin focuses on improving metaverse and Internet of Things (IoT) data security. In this article, “What is JasmyCoin?” We will answer the question. In addition, we will touch on other questions about the project.
What is JasmyCoin? What does it do?
According to Jasmy’s whitepaper, the internet makes life easier by connecting all kinds of devices and people. However, due to the proliferation of various media channels and internet portals, user data is no longer private. As a result, many businesses have valuable data generated by users’ daily activities. Jasmy Platform aims to restore the data ownership of each individual so that everyone can use their data securely.
Jasmy’s IoT business, headquartered in Tokyo, Japan, revolves around buying and selling data. Specifically, Jasmy matches service providers with data users. In addition, service providers collect user data from various sources for packaging and selling to data users. An example would be a financial services institution (service provider) that sells customer information to a third party insurance company (data user).
According to Jasmy: “By using the Jasmy platform, service providers can reduce information security costs, increase service levels, and leverage information held by users outside the company.”
Monetization of personal data is one of the most pressing debates of modern times, after major scandals like the Cambridge Analytica/Facebook fallout. It’s also one of the world’s most sought-after resources: in fact, it’s the world’s most valuable resource, according to The Economist, which first alluded to the axiom “data is the new oil” in 2017.
What is JASMY coin?
JASMY coin is the native token of JasmyCoin. The cryptocurrency is an ERC-20 token, the most important utility token for the network. The token can act as a cryptocurrency to send value globally as well. JASMY has a maximum supply of 50 billion tokens over the life of the project.
How does JasmyCoin work?
JasmyCoin works as a decentralized network. The protocol integrates strategies such as edge computing to increase the responsiveness of IoT devices. In addition, the network has an easy-to-navigate interface that simplifies managing and operating IoT devices in large networks. JasmyCoin provides two core services, Secure Knowledge Communicator (SKC) and Smart Guardian (SG). Additionally, both of these protocols give you control over your data. It helps prevent misinformation from IoT devices.
What is JasmyCoin? How to get JASMY coin?
JasmyCoin is currently traded on a small number of cryptocurrency exchanges. In addition, people who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where JasmyCoin is traded are listed as follows: Binance, Bitget, BTCEX, Bybit. Users who want to invest in the project should open an account on one of these exchanges.
