In the past two days, the price of JASMY coins has been particularly eye-catching, doubling in just a few days. Of course, it has also fallen, but it cannot hide that it has entered the public eye. Today, let’s analyze the price and value of Jasmy coins. Jasmy Coin is a token issued on the Ethereum blockchain that complies with the ERC20 standard and possesses mature security and processing performance of the Ethereum network, as well as various anti attack capabilities. Jasmy Coin uses an Ethereum address for transaction attribution and pays transaction fees through ETH. Its functionality also complies with the ERC20 standard.
(1)Token Name:Jasmy Coin
(2)Circulation:50000000000 pieces
(3)Data storage type:18
(4)Contract Name::Jasmy Coin
(5)Contract address for issuing tokens:0x7420B4b9a0110cdC71fB720908340C03F9Bc03EC
(6)Etherscan: https://etherscan.io/token/0x7420B4b9a0110cdC71fB720908340C03F9Bc0
The imToken wallet is currently online. Simply search for Jasmy (case insensitive) in the wallet to add it. Or enter the token contract address to add.
1、Jasmy Coin Supporting features
Jasmy CoinSupports all functions of the ERC20 standard. Regarding the proposal to define the ERC20 standard and EIP20, please refer to the link for details: https://eips.ethereum.org/EIPS/eip-20
According to the standards that ERC20 meets, here are some of the main features of Jasmy Coin.
(1)Transfer
This feature allows address A to transfer a specified number of Jasmy Coins to address B. After confirming that both are non-zero addresses (zero addresses are often mistakenly used as transfer targets during token destruction, which has been a common occurrence in the past), this function will change the corresponding number of Jasmy Coins in the corresponding address based on the transfer amount.
If Jasmy Coin in address A is insufficient, the transaction will not proceed normally, but will return a message indicating an error in the transaction.
(2)Approve
This feature allows address B to transfer a specified amount of Jasmy Coin from address A. Similar to the transfer function, the system will first confirm that both A and B are non-zero addresses.
By using the allowance function, A can confirm how much Jasmy Coin it is authorized to transfer from B. In addition, the increaseAllowance and decreaseAllowance functions can be used to change the transfer authorization limit.
(3)TransferFrom
Assuming that address B has obtained the transfer permission for the specified amount limit from A based on the approve function. At this point, B can transfer Jasmy Coin to address C based on this data. Similar to transfer and approve, this function will change the corresponding amount of Jasmy Coin after confirming that both the transferor B and the transfer target C are non-zero addresses. If the transfer amount exceeds the upper limit set by A, the system will report an error. Only Jasmy Coin with A’s authorization limit will be deducted from address A.
2、 The usage scenarios of Jasmy Coin
Most individuals and businesses can exchange tokens through electronic devices such as smartphones and computers as proof of value exchange and consideration payments for various services. Therefore, our idea is to have unlimited usage purposes and allow more people to use this token on a wider range.
The role of Jasmy Coin in ecosystems can be divided into the following situations:
(1)Enterprises are required to pay a service fee when using the JASMY platform, which will be paid through Jasmy Coin.
(2)Enterprises must pay Jasmy Coin as consideration when using personal information or other corporate information.
(3)Jasmy Coin obtained when individuals disclose personal information to businesses can be exchanged for equivalent goods or services on the platform of JASMY partners.
3、 Allocation mechanism
(1)The operating company holds 15000M JASMY (accounting for 30% of the total)
The plan rewards individual users as compensation for allowing collaborative vendors, including enterprises, to use their IoT data, and encourages enterprises to actively utilize this IoT data to build the Jasmy economic and ecological circle. Once the number of participants and enterprises increases, the popularity of the platform will also increase, giving enterprises the motivation to develop more services and further improve the Jasmy ecosystem. In the initial stage, if there are no business targets, they will not be allocated. In the future, certain benchmarks and conditions need to be followed in practical use.
(2)Invest in developer plan 10000M JASMY (accounting for 20% of the total)
The plan rewards individual users as compensation for allowing collaborative vendors, including enterprises, to use their IoT data, and encourages enterprises to actively utilize this IoT data to build the Jasmy economic and ecological circle. Once the number of participants and enterprises increases, the popularity of the platform will also increase, giving developers the motivation to develop more services and further improve the Jasmy ecosystem. In the initial stage, if there are no business targets, they will not be allocated. Students and individuals who aim for entrepreneurship or research and development need to follow certain benchmarks and conditions when using it.
(3)Listing expenses of 4180M JASMY (accounting for 8% of the total)
Plan to use as business operating funds, investor relations returns, legal and tax advisory fees, exchange business commission fees, and expenses for the renovation of memory blockchain systems.
(4)Business financing of 11100M JASMY (accounting for 22% of the total)
Pay commissions and handling fees (including principal and interest) to relevant business financiers. The 2000M used for loan repayment does not have a lock up period, while the remaining portion has a lock up period.
(5)Air Drop 5220M JASMY(10% of the total)
Used to ensure liquidity for investment institutions and foreign-funded enterprises, promote for individual investors in exchanges, and further stimulate investor demand. The 5000M targeted towards institutional investors has a lock up period, while the portion targeted towards individual investors does not have a lock up period. For investors holding exchange accounts, their allocation amount will be lower than the minimum trading volume organization in the market. The funds will be used for the expansion and application development of customized features for Secure PC customers, the construction and enhancement of service management systems, R&D investment and personnel enhancement, and the construction of systems for mining data value.
(6)Incentive 4500M JASMY (9% of the total)
Reward contributions to the establishment of the company’s business, platform development, financial activities, and IPO applications. There is a lock up period, and when the company goes public, the interests of the entrepreneurial team are limited, and the personal distribution of team members needs to be made public.
4、 The necessity of Jasmy Coin
Jasmy’s related technology and token issuance plan have received initial recognition from Japanese official institutions such as the Virtual Currency Exchange and the Financial Services Agency. At the same time, through the company’s rich industry resources and network of relationships, the initially developed products and services are expected to become industry benchmarks for personal information data management and financial industry data regulation in Japan in the future. This will further establish Asmy’s position as a market pioneer, quickly occupy market share, and create favorable conditions for establishing Jasmy Coin as a trading currency circle.
Any enterprise that wants to meet data security regulatory requirements or reduce information security risks must purchase company related services and products through Jasmy Coin. At the same time, individuals can provide their relevant information and data to trustworthy enterprises in exchange for Jasmy Coin, and using Jasmy Coin, individuals can also exchange corresponding products and services from merchants, forming a virtuous ecosystem.
5、 Project code review
1.Using language:solidity v0. 5.15
2.Using libraries:OpenZepplin v2. 4.0
3.Code review: The MythX tool from Consensys has been used to check that there are no issues with the results
Jasmy Project Background
- JASMY is a technology company founded by 3 Bits, including former Sony President, Sales Director, and Technical Development Director, that combines IoT encryption and memory blockchain encryption.
2.The company has collaborated on physical operation projects with enterprise level customers such as Transcosmos, the largest call center in Japan, VIAO, a well-known laptop brand, Witz (a Japanese listed company serving customers such as Toyota and Panasonic), and local governments in Japan.
About Jasmy
Project Name:Jasmy
Official website: https://www.jasmy.co.jp/
Project Introduction: Jasmy is a company that develops and provides data security and sharing services in the era of the Internet of Things – the “Jasmy Platform”. We are committed to protecting data that originally belonged to individuals and building a decentralized autonomous world to achieve data value sharing.
Author:BticoinKOL,Source:https://bitcoinkol.com/archives/1479