JasmyCoin is a data marketplace project where users are able to sell their data generated from the Internet of Things (IoT) devices to various businesses. JASMY is its native utility token that serves as the payment currency within the JasmyCoin data platform.
Users can sell the data they generate from Internet of Things (IoT) devices to various businesses through the JasmyCoin data marketplace project. The native utility token of the company, JASMY, acts as the platform's payment method.
The project's native token is called JASMY. The use cases for JASMY as of right now include:
Data Utilization: To access and share user data gathered by Internet of Things (IoT) devices, users must own JASMY tokens.
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Data Democratization: Users can use JASMY tokens as a store of value and hasten the adoption of data democratization by holding them in their possession.
The following key elements that work together make up the project:
Data Marketplace: A data marketplace that permits the safe exchange of data between people and companies.
Secure Knowledge Communicator (SKC): A method for distributed user authentication that gives users access to personal data lockers.
Smart Guardian (SG): enables quick and safe IoT device registration on the JasmyCoin network.
JasmyNet is a data network that only the consortium's officially recognized member companies are allowed to use.
The maximum and total token supply of JASMY as of November 22nd, 2021, is 50,000,000,000, while the circulating supply is 4,750,000,000 (or about 9.50% of the total token supply).
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