What is JASMY coin? Everything you need to know

What is JASMY?

Tailored for the Internet of Things (IoT), Jasmy provides a safe, user-centric space for data storage, preservation, and transfer. The IoT, comprising devices like computers, vehicles, smartphones, and even biochip transponders, promises enhanced customer experiences but also raises security concerns. Jasmy, through its robust infrastructure and user-friendly interface, champions data democratization, empowering users to reclaim control over their personal data. This facilitates secure data exchange on their terms, empowering them to convert it into valuable assets.

Would investing in JASMY coin be a wise choice?

Jasmy coin, a digital currency, has witnessed a surge in popularity over the past few years. With its versatile applications in finance, it provides users with remarkable flexibility. Its security is robust, thanks to blockchain technology, rendering it resistant to hacking or counterfeiting, ensuring the safety of funds. This ease of storage, transfer, and trading makes it an attractive option for investors venturing into the cryptocurrency market.

JASMY coin’s history

In April 2016, Jasmy was established in Tokyo by a group of former Sony executives, including Kunitake Ando (serving as Representative Director of Jasmy & former President and COO of Sony Corporation), Kazumasa Sato (President & COO at Jasmy and former CEO of Sony Style.com Japan Inc.), Masanobu Yoshida (Deputy President & CTO at Jasmy, retiring in December 2021), and Hiroshi Harada (CFO at Jasmy & Executive Financial Analyst at KPMG).

JasmyCoin (JASMY) was officially launched on the Japanese exchange BITPoint Japan in October 2021. The project has forged partnerships with significant players in the digital industry, including Transcosmos, Panasonic, and VAIO.

Where can one purchase and trade JASMY coin?

JASMY coin is available for purchase and sale on multiple exchanges such as Binance, Kucoin, and Gate.io. Additionally, for crypto lending, CoinRabbit offers loans backed by JASMY coin with no limit on the loan term.

JASMY coin price

 As of the time of writing, the current price of JASMY is $0.00486, with a live market capitalization of $236,860,171 USD. It has a circulating supply of 47,569,999,999 JASMY coins and a maximum supply of 50,000,000,000 JASMY coins.

What advantages come with obtaining a loan using JASMY coin?

Taking out a JASMY coin loan offers several benefits, including accessing funds without selling, boosting liquidity, optimizing capital utilization, and enhancing portfolio diversification. Moreover, crypto loans typically feature lower interest rates compared to traditional loans, reducing borrowing costs. Additionally, these loans provide peace of mind as crypto collateral is securely stored in cold storage wallets.

Here are some scenarios where you can leverage JASMY as collateral to generate profit:

• Profiting from volatility: CoinRabbit loans maintain a fixed value regardless of fluctuations in the collateral currency's exchange rate. For instance, if you receive a loan against 2,000,000 JASMY when it's valued at $0.00354, you'd get $6,370. Regardless of whether JASMY's value rises, you repay the exact borrowed amount, potentially resulting in significant profits.
• Making significant purchases while holding assets: By taking a crypto loan against JASMY, you retain ownership of your JASMY assets while accessing additional funds for immediate expenses, especially beneficial in the face of inflation.
• Tax optimization: Crypto loans may offer tax efficiency advantages as they involve no direct profit, potentially minimizing tax obligations, particularly in jurisdictions with high capital gains taxes.
• Risk management technique: Instead of holding volatile assets like BONE tokens, investors can use them as collateral for a loan. This allows them to access funds while safeguarding their assets against market volatility, benefiting from lower interest rates while mitigating potential losses.

Can strategies be employed to manage JASMY volatility and prevent liquidation?

The volatility of JasmyCoin crypto can lead to liquidation risks. It's crucial to keep track of your loan status when utilizing your Bone for borrowing. CoinRabbit provides an instant alert mechanism, utilizing SMS and email notifications to alert users of potential liquidation situations.

You have the option to adjust the liquidation price of your loan by adding more collateral at any time. At CoinRabbit, loan collateral isn't locked, so liquidation prices are promptly updated when you add more collateral or repay the loan.

Furthermore, you can lower the Loan-to-Value (LTV) ratio at any point during the loan term by adding additional collateral. For instance, CoinRabbit's minimum loan LTV is 50%. You can increase collateral right after opening a loan, gradually reducing the LTV to your preferred level.

How can one obtain a JASMY loan in 4 simple steps?

The process of applying for a JASMY crypto loan has been greatly streamlined, courtesy of platforms such as CoinRabbit.

• Select JASMY crypto as your chosen collateral from the Loan calculator section on the homepage.
• Input the desired amount of JasmyCoin crypto you intend to use as collateral. The Calculator will then display the corresponding Loan Amounts. Click "Get Loan" to proceed.
• After clicking "Get Loan," you'll be prompted to confirm the details, input your stablecoin address, and verify your email address.
• Following that, proceed to send your JASMY to the provided address. Once we confirm receipt of your collateral, the loan will be promptly disbursed to you.

In conclusion, JASMY crypto loans through CoinRabbit offer significant benefits for crypto investors and holders. With these loans, you can optimize taxes, make substantial purchases, reinvest in new cryptocurrencies, and more, all while retaining ownership of your digital assets.

However, it's crucial to acknowledge the high risks associated with crypto operations. When utilizing a loan from any crypto lending platform, remember to regularly monitor the status of your crypto loan and add collateral if necessary to prevent loan liquidation.