Jasmy (JASMY) Tokenomics
Jasmy (JASMY) Tokenomics & Price Analysis
Explore key tokenomics and price data for Jasmy (JASMY), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
Jasmy (JASMY) Information
Create a data value sharing platform through blockchain distributed storage technology and Jasmy's own data encryption technology.
In-Depth Token Structure of Jasmy (JASMY)
Dive deeper into how JASMY tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
JasmyCoin (JASMY) is an ERC-20 token operating on the Ethereum blockchain, with a maximum supply of 50.00 billion tokens. The token economics of JasmyCoin, particularly its allocation and utility, have been subject to multiple revisions and disclosures, making a definitive, single allocation breakdown difficult to confirm.
Issuance Mechanism
JASMY operates with a fixed maximum token supply of 50.00 billion tokens.
- Current Status: As of August 22, 2024, only approximately 397.63 million JASMY (about 0.80% of the maximum supply) existed on the network.
- Historical Discrepancy: Earlier documents, including a May 2021 Medium post and a September 2020 whitepaper, cited a much smaller maximum supply of 50.00 million tokens, indicating a significant change in the project's token supply structure over time.
Allocation Mechanism
The allocation of the 50.00 billion JASMY tokens has been described differently across various project publications. The most recent and detailed allocation breakdown found in Medium posts from October 2021 and January 2022 is summarized below.
| Allocation Category | Percentage of Max Supply | Token Amount (Billions) | Locking Status |
|---|---|---|---|
| Ecosystem | 48.00% | 24.00 billion | Locked, distributed as business grows |
| Funds and Institutional Investors | 27.00% | 13.50 billion | Locked, distributed gradually through 2022 to 2023 |
| Contributors and Community | 20.00% | 10.00 billion | Fully unlocked as of publication date |
| Incentives | 5.00% | 2.50 billion | Unlocked after a period of two years from the achievement of specific conditions |
| Total | 100.00% | 50.00 billion |
Note: A commercially reasonable search could not confirm which of the various allocation details disclosed by Jasmy is currently accurate.
Alternative Allocation Structures
Earlier allocation plans, based on the smaller 50.00 million maximum supply, included categories such as:
- Operating Company / Holding by Business Companies (30.00%): Intended for rewards to individual users allowing third parties to use their IoT data.
- Developer Plan / Developer Program (18.20% to 20.00%): Also intended for rewards to individual users for allowing third parties to use their IoT data.
- Business Financing (20.24% to 22.20%): Used to pay commissions and handling fees to relevant business financiers.
- Airdrop (10.44% to 12.76%): Used to ensure liquidity for investment institutions and foreign-funded enterprises, and to stimulate investor demand.
- Listing Expense / Listing Expenditures (8.36%): Used for business operating funds, legal and tax consulting fees, and exchange commission fees.
- Incentives (4.80% to 9.00%): Used as rewards for business contributions such as platform development and financial activities.
Usage and Incentive Mechanism
The core utility of JasmyCoin is intended to facilitate the Jasmy platform, which focuses on decentralized data storage and sharing.
Planned Utility (Not Currently Active)
The initial planned functions for JASMY included:
- Payment for Service Fees: Paying fees when using the Jasmy platform.
- Data Access Purchase: Paying to purchase access to data stored within Jasmy Personal Data Lockers (PDLs). This mechanism was intended to allow users to earn JASMY tokens when third parties paid to access their data, serving as a key incentive.
- Medium of Exchange: Serving as a medium of exchange for products or services of equal value on the platform of Jasmy partners.
Current Utility (As of August 2024)
As of January 29, 2024, the project stated that the ecosystem was not yet operational. Consequently, the only current utility of JasmyCoin is for payment purposes or for investment and operation on an exchange.
A search conducted as of August 22, 2024, found no verifiable evidence that users or tokenholders can earn fees, additional tokens, or any form of compensation by interacting with the network or holding the token.
Locking Mechanism and Unlocking Time
The locking mechanism and unlocking schedule are based on the allocation model disclosed in the October 2021 and January 2022 Medium posts.
Locking Mechanism
- Ecosystem (48.00%): These tokens are designated as locked and are intended to be distributed as the business grows.
- Funds and Institutional Investors (27.00%): These tokens were locked with a gradual distribution schedule.
- Incentives (5.00%): These tokens were set to be unlocked after a period of two years from the achievement of specific conditions.
Unlocking Time
The primary unlocking period for the Funds and Institutional Investors allocation (13.50 billion JASMY, or 27.00% of the supply) was scheduled to be distributed gradually through 2022 to 2023.
The Contributors and Community allocation (10.00 billion JASMY, or 20.00% of the supply) was reported as fully unlocked as of the publication date of the relevant Medium posts (October 2021 and January 2022).
Information regarding any specific, upcoming token unlock events for JasmyCoin was not available.
Jasmy (JASMY) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of Jasmy (JASMY) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of JASMY tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many JASMY tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand JASMY's tokenomics, explore JASMY token's live price!
How to Buy JASMY
Interested in adding Jasmy (JASMY) to your portfolio? MEXC supports various methods to buy JASMY, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
Jasmy (JASMY) Price History
Analyzing the price history of JASMY helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
JASMY Price Prediction
Want to know where JASMY might be heading? Our JASMY price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
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