Japan is a country that has been historically hostile towards cryptocurrencies, but in 2022, it approved a few tokens for trading. Jasmy was the first token to get this approval, and many wonder what it entails. This article will tell you everything you need to know about this token and offer a Jasmy price prediction to help you decide if it is a good investment.

What Is JasmyCoin?

JasmyCoin is a digital token hosted on the Ethereum blockchain. It is the native payment currency for apps and services within the Jasmy ecosystem. It was launched in October 2021 and is considered Japan's first legal and compliant digital coin.

Jasmy is an internet-of-things (IoT) platform that enables end users to manage their data from multiple devices on a single dashboard. Merchants then pay JasmyCoins to access the data, which is, in turn, transferred to the end users. You can earn tokens by connecting your device and adding data to the IoT network.

This coin was created by a group of executives that previously worked at Sony, the famous Japanese electronics giant. The creators' names are Tadashi Morita, Hiroshi Harada, Kunitake Ando, Masanobu Yoshida, and Kazumasa Sato.

The distribution of this coin is as follows:
  • 48% for the ecosystem fund;
  • 27% for investors;
  • 20% earmarked for contributors;
  • 5% for reward and incentive programs.
Jasmy price prediction from different analysts indicates that the token has the potential to appreciate in the short and long term. It has a current market value of $250 million, according to CoinMarketCap.

What Is the JasmyCoin Designed For?

The primary purpose of this token is to pay for data generated from internet-of-things (IoT) devices on Jasmy’s network. It is currently the only accepted currency on this network, meaning the token’s value is tied to the network’s success.

The Jasmy network is designed to give users complete control over their data. Users can keep their data in a "personal locker," which is secure and stored on distributed servers. Merchants can then pay for access to this data with JasmyCoins, which will be transferred to the data’s owner.

How Does Jasmy Work?

The team behind the Jasmy project builds and maintains server infrastructure that allows people to store their data and access it at any time. The data is stored in digital vaults and sorted according to quality and quantity. Users can easily access various applications that enable them to manage their data.

An end user can grant access to their data to a company using it for research purposes. The company will pay JasmyCoins to the end user for this access. Thus, this project lets you store your data securely and earn income from it.

How to Buy the JasmyCoin

Visit https://changenow.io/. Select “JASMY” as the token you want to purchase, and select the ticket or fiat currency you will use to pay for it. Then, hit the Exchange button.

You will be taken to another webpage to input the wallet address where you want to receive the purchased tokens. Do this and hit the Next button.

Verify the transaction’s details and click Confirm on the next webpage.

Deposit the required tokens in the wallet address that ChangeNOW displays for you. Once your deposit is confirmed, you will receive the equivalent JasmyCoins in your wallet within 10 minutes.

Unlike with other exchanges, you can buy coins on ChangeNOW without going through a complicated know-your-customer (KYC) process. You will receive your coins in about 10 minutes with relatively low fees.

Is the JasmyCoin a Good Investment?

A peculiar thing about this coin is that its success is tied to that of the Jasmy network. If more people adopt the network, the token will appreciate because it is the only accepted currency. If adoption is slow, then the token will lag.

JasmyCoin has a relatively limited supply, which creates scarcity and increases the chances of its appreciation. PricePrediction expects the coin to be worth $0.010 by the beginning of 2024, double its current level.


JasmyCoin is noteworthy because it is one of the few tokens approved for trading in Japan, one of the strictest markets to break into. We have explained in detail how this coin works and what it was designed for and offered some JasmyCoin price predictions to help you decide if it is a worthwhile portfolio addition.