JasmyCoin
Crypto Overview
Project Overview
JasmyCoin is a Japanese cryptocurrency project launched in 2019 by former Sony executives. It positions itself as a data democratization protocol that aims to give individuals control over their personal data through blockchain technology.
Intended Utility
The project's stated purpose is to create a 'data locker' system where users can securely store and monetize their personal information, choosing which companies can access their data. The token serves as both a payment method within this ecosystem and as a governance token for the platform.
Actual Utility and Development
The project has shown legitimate development activity and has secured several notable partnerships, including collaborations with Toyota and Transcosmos. The platform has launched its data locker system and maintains active development on its technological infrastructure.
Token Distribution and Governance
Initial token distribution allocated 50% to the project team and company, with various vesting periods. The remaining 50% was distributed through public sales and ecosystem development. While the initial allocation to the team was high, vesting schedules appear to be properly implemented and adhered to.
Business Model Analysis
The core business model focuses on legitimate technology development and data management solutions, avoiding interest-based mechanisms or prohibited activities. Revenue is generated through platform usage and data management services, which aligns with Islamic principles of fair exchange.
Crypto Impact
To assign a comfort level investing in JasmyCoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to JasmyCoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.