JASMY (JasmyCoin) has fallen 4.82% in the last 24 hours.

Gate News Bot message, July 15, according to CoinMarketCap data, as of the time of writing, JASMY (JasmyCoin) is currently priced at $0.02, having fallen 4.82% in the last 24 hours, with a high of $0.02 and a low of $0.01. The current market capitalization is approximately $77 million.

Jasmy is a Japanese company founded in 2016 that focuses on providing platforms and solutions for the Internet of Things. The company was established by former Sony executives, including former Sony Corporation President and COO Kunihiro Ando and former CEO of Sony Style.com Japan Kazumasa Sato. Jasmy develops, maintains, and operates IT service platforms utilizing blockchain technology, as well as providing solution services that utilize information from IoT devices. The company also designs and develops IoT devices. Jasmy has obtained ISO/IEC 27001:2022 certification, demonstrating its commitment to information security management.

Important news about JASMY recently:

1️⃣ Technology upgrade and feature expansion

Jasmy has recently launched multiple technological upgrades and new features, including a personal profile vault, a secure knowledge communicator, and IPFS-based decentralized storage. These features aim to enhance user control over personal data, especially when connecting Internet of Things devices. At the same time, the newly launched JANCTION platform combines staking and decentralized exchange functionalities, further expanding Jasmy’s practical application scenarios. These technological advancements are expected to enhance the utility and demand for JASMY tokens.

2️⃣ The staking mechanism alleviates selling pressure

The staking feature launched by Jasmy allows users to lock tokens to earn rewards, which may significantly reduce the circulation of JASMY in the market. Currently, nearly 99% of the total supply of 50 billion tokens is in circulation, and the introduction of the staking mechanism could have a significant impact on the supply-demand relationship. If a large number of holders choose to stake, it could lead to a tightening of market supply, thereby affecting price trends.

3️⃣ Expansion of cooperation relationships and practical applications

Jasmy has established partnerships with well-known companies such as Panasonic, VAIO, and Transcsmos. In addition, there are rumors that Jasmy may reach new collaborations with local Japanese governments and sports associations. These partnerships are expected to promote the practical application of JASMY tokens in smart city projects, identity management, or local community projects, thereby enhancing their long-term value.

From a technical perspective, Jasmy plans to increase the number of network validators from 7,000 nodes to 20,000, which will enhance the decentralization and security of the network. At the same time, as one of the few tokens in Japan with strong backing, JASMY holds a unique position in the Japanese cryptocurrency market. With the Japanese government showing increasing interest in IoT and blockchain technology, JASMY may directly benefit from domestic support.

This message is not intended as investment advice; investors should be aware of market volatility risks.