What Is JasmyCoin?

1. What Is JasmyCoin?

JasmyCoin is a blockchain-based data security and data democratization platform developed by Jasmy Corporation, a Tokyo-based company. It leverages Web3 and IoT (Internet of Things) technologies to give users full control over their personal data. At its core, JasmyCoin enables individuals to store, manage, and monetize their own data securely, acting as a bridge between decentralized networks and real-world applications, especially for connected devices. The native token, JASMY, powers transactions and interactions across this ecosystem.

2. Why JasmyCoin Was Created

In the digital age, corporations control and monetize vast amounts of personal user data without permission or direct benefit to the users themselves. JasmyCoin was created to shift this power dynamic by placing data ownership back into the hands of individuals. It addresses critical issues like:

• Loss of privacy and data exploitation
• Centralized data breaches
• Lack of user incentives in data-driven platforms

By decentralizing data control and offering secure data storage and sharing, JasmyCoin empowers users to decide how their information is used, while still enabling companies to access necessary data through consensual agreements.

3. How JasmyCoin Works

1. Data Collection via IoT Devices: Users generate personal data through IoT-enabled devices such as wearables, smartphones, or smart vehicles.
2. Secure Storage with Jasmy’s Personal Data Locker (PDL): Data is encrypted and stored in a Personal Data Locker controlled solely by the user.
3. User Consent Management: Users choose who can access their data, when, and for what purpose—via smart contracts and secure authentication mechanisms.
4. Monetization & Data Exchange: Companies and service providers can request access to user data. If approved, users are rewarded in JASMY tokens.
5. Decentralized Identity (DID) Integration: Users maintain a secure, decentralized identity that helps verify them without compromising sensitive personal information.

4. Key Features of JasmyCoin

• Personal Data Locker (PDL): Secure, user-controlled storage for sensitive information
• Decentralized Identity (DID): Allows safe user authentication without centralized data collection
• Smart Consent Mechanism: Users have granular control over who accesses their data
• IoT Integration: Built for the era of connected devices and machine-to-machine communication
• Data Monetization: Users can earn by sharing data on their own terms
• Enterprise APIs: Businesses can integrate Jasmy’s system without compromising on security

5. Who Can Use JasmyCoin?

• Everyday Consumers: Individuals who want control and monetization of their personal data
• Enterprises: Companies needing secure, consensual access to user data for analytics and personalization
• Developers: Builders integrating privacy-centric data tools into dApps or IoT solutions
• Data Analysts & Advertisers: Those seeking ethical data access with user permission
• IoT Manufacturers: Hardware providers integrating Jasmy’s identity and data modules

6. What Is the $JASMY Token?

$JASMY is the native utility token of the Jasmy ecosystem. It is an ERC-20 token built on Ethereum and serves multiple functions:

• Transaction Fees: Used to pay for services and data access within the network
• Incentives & Rewards: Users receive JASMY for sharing or authorizing access to their data
• Access Token: Grants companies permission to use platform APIs and engage with data services
• Governance (Future Roadmap): Potential voting rights and platform decision-making
• Staking & Ecosystem Growth: Encourages long-term holding and participation in Jasmy’s data economy