JasmyCoin (JASMY) is a tokenized platform that combines blockchain and IoT technology to democratize data usage. It aims to provide a decentralized and secure infrastructure for individuals to control and monetize their personal data. The platform allows users to store and manage their data safely and securely, while also enabling businesses to access this data with the users' consent. JasmyCoin is an ERC-20 token built on the Ethereum blockchain, with a total supply of 50 billion tokens.
JasmyCoin (JASMY) is the native cryptocurrency of the Jasmy platform, which focuses on democratizing data by combining blockchain and IoT technology. Here are some key uses of JASMY:
Data Transfer and Storage: JASMY can be used by individuals and businesses to transfer tokens using digital devices as proof of value. It enables the secure storage of user-owned data in personal data lockers on the platform, ensuring transparency and fairness in data transactions.
Payment for Services: JASMY can be used as payment for services provided by companies. For instance, service providers can pay rewards to users who supply them with their personal data.
Market Entry by Institutional Investors: JASMY is expected to shape the market in the medium and long term through market entry by institutional investors, maximizing the value of personal data.
Crypto Loans: JASMY can be used as collateral for crypto loans, allowing users to leverage their assets and potentially gain profit while managing risks.
Tax Optimization: Taking out a crypto loan against JASMY can help with tax optimization, as there is no direct profit in a loan transaction, reducing tax liabilities.
Overall, JASMY plays a crucial role in the Jasmy ecosystem, empowering users to securely exchange their personal data on their own terms and facilitating various financial transactions.
To store JasmyCoin (JASMY) tokens, you can use a variety of digital wallets that support the ERC-20 token standard. Here are some options:
Guarda Wallet: Guarda offers a multi-currency wallet that supports over 400,000 assets, including JasmyCoin. You can create an online wallet or download the mobile app for iOS and Android. The wallet is non-custodial, meaning you hold your own keys and have full control over your funds.
Atomic Wallet: Atomic Wallet is another multi-asset wallet that supports JasmyCoin. It is trusted by over 5 million users worldwide and offers features like private key encryption, 24/7 support, and no registration or KYC requirements.
Klever Wallet: Klever Wallet is a specialized digital wallet designed to store, transfer, and manage JasmyCoin tokens. It ensures a safe and user-friendly experience, prioritizing security and ease of use. You can buy, receive, send, and swap JasmyCoin tokens within the app.
These wallets provide a secure and user-friendly platform for managing your JasmyCoin tokens.
To buy JasmyCoin (JASMY) tokens, follow these steps:
Create an account: Sign up on a cryptocurrency exchange that supports JASMY, such as KuCoin, Pionex, Binance, or Coinbase. You will need an email address and may need to provide additional information like a phone number and photo ID for verification.
Verify your account: Complete the Know Your Customer (KYC) process by uploading a valid photo ID and proof of address. This step is necessary for most exchanges to ensure security and compliance with regulations.
Deposit funds: Add a payment method, such as a bank account, credit/debit card, or transfer existing cryptocurrencies from another wallet or exchange. Fees may apply for certain payment methods.
Choose a trading method: You can either use the instant buy feature (if available) or trade JASMY on the spot market. The spot market allows you to set your own price, while instant buy is typically more expensive but faster.
Place an order: Select JASMY and the desired payment method. Enter the amount you want to spend in your local currency, and the exchange will convert it to JASMY. Review the details and confirm your purchase.
Store your JASMY: Once the order is processed, your JASMY tokens will be available in your exchange account. You can store them there or transfer them to a personal wallet for added security.
Remember to always research the fees, security measures, and user reviews before selecting an exchange to ensure a smooth and secure experience.