JasmyCoin
Crypto Overview
Overview
JasmyCoin is a Japanese cryptocurrency project focused on data democratization and IoT (Internet of Things) solutions. Created by former Sony executives, the project aims to give individuals control over their personal data through blockchain technology.
Purpose and Utility
The primary purpose of JASMY is to serve as the native token for the Jasmy Platform, which enables secure data storage and transfer between IoT devices. It also functions as a payment method for data-related services within the ecosystem.
Business Model Evaluation
The business model centers around legitimate technological utility: secure data management, IoT device integration, and personal data monetization. These activities align with halal principles as they involve actual value exchange and don't facilitate prohibited activities.
Real-World Adoption
Jasmy has established partnerships with various Japanese companies and is actively implementing its IoT solutions. The project has launched several products including the Personal Data Locker and SecurePC.
Token Distribution and Development
The total supply is 50 billion JASMY tokens. While a significant portion was allocated to the team and business development, there are vesting schedules in place. The development team remains active, with regular updates and technological implementations.
Additional Considerations
The project does not involve interest-bearing mechanisms, gambling features, or other prohibited activities. The core business model focuses on technology development and data management solutions.
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.