Jasmy (JASMY)
System: Jasmy — Trusted Data and Identity
Jasmy is a decentralized data democracy platform that enables secure information management and monetization for IoT device owners and enterprises. Founded in 2016, it utilizes the Arbitrum Orbit-based JasmyChain and the JASMY ERC-20 token to achieve trustless data exchange, settled on the Ethereum blockchain. The system boundary includes the Personal Data Locker (PDL), SKC/SG authentication protocols, and the Janction AI compute marketplace, while excluding the underlying Ethereum/Arbitrum consensus mechanism and third-party IPFS storage nodes.
Market Data
| Price | $0.005714 |
| Market Cap | $282.57M |
| Fully Diluted Valuation | $285.74M |
| 30d Change | 8.00% |
| 365d Change | -66.24% |
Token Functionalities
Value Distribution
- Burn Entitlement (Algorithmic or Guaranteed)
Right to benefit from supply reduction due to the EIP-1559 style base transaction fee burn
Payments
- Native Resource Fee (Weak)
Right to pay for transactions on the jasmychain using JASMY tokens. Whilst JASMY is the only token for chain transactions, it is not required as payment for access to users' Personal Data Lockers (PDL), which is the other and more notable value service provided.
System Attributes
Operating Model
Jasmy relies on a centralized corporate operator delivering identity & data-management services, though also has an on-chain protocol including the JasmyChain, PDL smart contracts, and the SG/SKC authentication logic
Value Creation
On-chain value is produced through the generation of secure blockspace on JasmyChain and the cryptographic verification of data authenticity via the SG protocol. Off-chain value is created through the design and distribution of IoT hardware.
Value Capture
Monetary value is captured within the cryptoeconomic system through transaction fees on JasmyChain, which are paid in JASMY tokens. Jasmy Incorporated likely captures value through traditional service contracts with corporate partners, licensing fees for its proprietary SKC/SG modules, and the sale of IoT hardware.
Governance
The core technical roadmap, the selection of strategic partners, and the management of the Ecosystem fund (48% of the total supply) are currently governed by the Jasmy Foundation and Jasmy Incorporated. JASMY token holders have the right to vote on certain protocol parameters and ecosystem grants.