For those unacquainted with the altcoin JASMY (ERC-20 ETH)- here is an extremely basic rundown of the platform/coins aim and use case:
The JASMY team strives to create a global data marketplace where users are empowered with complete control of their personal data and are able to allow access by companies/entities on a use by use case-- and are rewarded commensurately for the data shared.
From the Whitepaper:
"With the increasing awareness of privacy protection throughout society, we believe that there is an even higher demand for our platform. Global technological advancement in the field of data analytics, AI, machine learning, and deep learning indicates that free and fair data sharing will become a global trend in the future, giving optimal conditions and high growth potential for our data marketplace solution."
The team behind the coin and platform are household names in the world of Japanese tech, including but not limited to:
--Representative Director Kunitake Ando:
Former President and COO of Sony Corporation, President and COO of US Sony Engineering and Manufacturing of America, Chairman of Sony Financial Holdings, Chairman of Sony Life Insurance Co., Ltd. Assumed office as CEO of Jasmy in April 2016. Currently director of the Japan Innovation Network and Chairman of the University of Nagano.
--President & CEO Kazumasa Sato:
Former CEO of Sony Style.com Japan Inc., Operating officer of Sony Marketing (Japan) Inc. and President of Sony Style Company, managing director of Sony Style Japan and operating officer of Sony Marketing Inc., Head of the Sony Corporation Creative Center, Chairman of BJIT Group, joined the Jasmy Board of Directors in April 2016, CEO of Jasmy Incorporated from November 2018.
--Vice President & CTO Masanobu Yoshida:
President of Sony Corporation Handheld Computer Company, Sony Ericsson Mobile Communications （ now Sony Mobile Communications Inc. ） Department head, Managing Operating officer of Softbank Mobile, General Manager of product services etc., currently CEO of Dreamforest Corporation. Vice president of Jasmy from April 2016.
--CFO Hiroshi Harada:
After passing the Japanese CPA examination in 2008, joined KPMG AZSA LLP. He has been engaged in statutory auditing for listed companies across industries, including broadcasting, construction and manufacturing, as well as IPO support services with which his client successfully went public. After 11-year experience at auditing firm, he joined Jasmy as CFO in January, 2020. In addition to managing accounting, finance and taxation, he is also responsible for investor relations.
--Tax Advisor Ryuji Yabe :
03.1959 Graduated from Secondary Law Department of Hosei University 04.1953 Joined General Affairs Department of Kumamoto Tax Bureau 07.1977 Deputy Head, Kojimachi Tax Office (Responsible for Corporate Tax) 07.1979 General Investigator, Third Department of Tokyo Regional Taxation Bureau 07.1981 Director, Third Legislative Research of Direct Tax Department of Tokyo Regional Taxation Bureau 07.1983 Head, Arakawa Tax Office 07.1985 Director, Corporate Tax of Direct Tax Department of Tokyo Regional Taxation Bureau 07.1987 Director, First Human Resource of General Affairs Department of Tokyo Regional Taxation Bureau 07.1989 Chief Internal Inspector, Commissioner’s Secretariat of National Tax Agency 06.1991 Head, Kumamoto Regional Taxation Bureau 09.1992 Established Chuo Goutou Firm (Tax Consultant)
--Legal Advisor Hidenao Toyoshima:
09.1962 Passed the National Bar Examination 04.1990 Director, Public Security Department of the Tokyo District Public Prosecutors Office 09.1991 Director, General Affairs Department of General Public Security Intelligence Agency 04.1994 Chief Prosecutor, Nagasaki District Public Prosecutors Office 07.1995 Chief Prosecutor, Kumamoto District Public Prosecutors Office 04.1996 Chief Prosecutor, Urawa District Public Prosecutors Office 02.1997 Chief Prosecutor, Osaka District Public Prosecutors Office 12.1997 Director-General, Public Security Intelligence Agency 01.1999 Superintending Prosecutor, Takamatsu High Public Prosecutors Office 11.2000 Superintending Prosecutor, Fukuoka High Public Prosecutors Office 10.2001 Registered as a Lawyer (Tokyo Bar Association)
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JASMY launched at around $4.99 per coin but crashed to c. $0.01 due to the new and fairly stringent crypto regulations announced by the Japanese government in the same month. Over the course of the past 10 months JASMY mostly remained stagnant in the $0.01-$0.03 range.
In September there were rumors that JASMY would soon finish jumping through the regulatory hoops, and, sure enough, on October 26 JASMY became the first Japanese block chain project approved to be listed on the Japanese digital currency exchange BITPoint. It is Japan's first legally compliant cryptocurrency - and this news alone, not taking into account the team and excellent business plan (I recommend reading the Whitepaper linked above)--makes this project reek of potential to me.
On the 26th of October JASMY started inching from the $0.08 range towards $0.10 with anticipation of the regulatory green light, and when the news officially broke the price quickly climbed to $0.35 by November 2nd.
There has been a bit of consolidation with the price staying between $.20-$.30 until November 11th, and of course as you all know this past week has shown losses across the board; but, interestingly, JASMY has bounced back quite a bit more quickly than its peers and is showing steady gains for the past 3 days, going to 0.21 earlier in the day and settling back at $0.17 at the time of this writing.
I believe the recent regulatory wins for JASMY in its originating country seem to have provided the coin with a superior resilience to the market woes initiated by recent blockchain regulatory moves in the US and UK; this combined with the initial value of the coin being established at $5.00 a piece --and seemingly only crashing because of the now surpassed compliance and legal issues in Japan-- lead me to believe that the project is perched on the cusp of fantastic potential.
I'm sure that the hype surrounding JASMY will start to pick up this coming year; some people are already referring to it as "Japan's Bitcoin". Furthermore: there are already rumors circulating that a possible partnership/integration with Sony Playstation Store may be on the horizon... However- such claims seem to be based solely on the close relationship between the core JASMY team and upper-brass Sony executives and remain completely unsubstantiated as of this writing.
Integration rumors notwithstanding this certainly appears to be a cryptocurrency worth keeping an eye on.
Disclaimer: I am not a licensed broker or financial adviser.
JASMY fluctuation is massive. Its a bit scary to invest because the price is too unpredictable. JASMY is really for risk takers and professional traders. Although, it might reach its glory days sooner or later.