JasmyCoin (JASMYUSD)

[Investors3]

StockPanzer, thank you for Another good link to prove that
Tsuyoshi Shinjo, professional baseball player & Japan crypto ambassador is taking part of his salary in JASMY

Did you happen to scroll down for a possible answer to your 1st question on this board, concerning why Jasmy dropped in price from around $4?


my personal theory on why JasmyCoin dropped from $3.99. and why I think it will recover…????????
#JasmyArmy ??
Jasmy on January 10th 2021 started trading on only one exchange in Singapore, MEXC. a crypto exchange that is popular with Asian crypto traders, particularly in India & China, at the time, two of the biggest crypto markets in the world. (both countries banned crypto within months of Jasmy’s only listing) At the same time, Japan was in the top 5 crypto markets as well, but Japanese citizens were not allowed to trade JasmyCoin yet, as Jasmy the company, had not met all of the criteria outlined in the Japanese crypto asset regulations to list their crypto asset “JasmyCoin” on a Japanese exchange. and for the same reasons, Japanese exchanges are also strictly regulated in Japan with severe penalties for falling out of compliance and were not allowed to list Jasmy until they were in compliance. Meanwhile in the U.S. citizens were barred from trading on most of the popular foreign crypto exchanges and as a result, had limited legal access to many new and emerging coins including Jasmy. all of these factors left a one month old JasmyCoin with a liquidity problem and was at the mercy of the traders on one platform, MEXC. However, there was popularity around the JasmyCoin which is what initially drove the price to its ATH of 3.99. but the availability & limited information allowed scammers to come in and make false claims about JasmyCoin & had fake sites where it could be supposedly purchased. the scams, along with India’s initial announcement of its upcoming ban started to negatively affect the price as investors in India were already starting to sell their crypto holdings, depressing the only available liquidity pool of JasmyCoin. Jasmy was forced to issue a warning about the scams on their website which led to more understandable confusion and FUD, much of it due to bad translations done on google translate. then the India crypto ban was made effective, forcing it’s citizens to sell their crypto assets in a last ditch effort. China followed with their own ban & caused more forced selling. as a result of being available on one exchange in Asia only, Jasmy’s liquidity problem went from bad to worse. legally, most global crypto enthusiasts could not buy up the excess liquidity, even at the discount prices, and so, had no way to hold Jasmy yet. Jasmy eventually bottomed out on July 2nd 2021 hitting the same price as the yen briefly. eventually JasmyCoin did meet most of the requirements of Japanese crypto asset regulations and was almost ready to list in Japan, but first, as outlined in the regulations, Jasmy had to fix it’s original liquidity problem. So Jasmy went on a foreign exchange listing blitz, listing on many more foreign exchanges in rapid succession, dumping coins on the market to meet compliance and also allowing traders in many countries & on many popular exchanges to purchase JasmyCoin for the first time. This solved the liquidity problem fast, with the unfortunate side effect of a quick 600% pump to .35 that caused FOMO, trapping some investors into hard to stomach positions as more exchanges sold & bought JasmyCoin to & from their customers while distributing their initial Jasmy exchange wallets. the volatility seesawed daily providing glimmers of hope but usually ending lower as it slow leaked its way down to some of the prices seen on Oct. 10th 2021 the day Jasmy listed on coinbase. at this time gas prices were through the roof & a good number of crypto traders were shying away from transferring coins to cold wallets to avoid gas fees, resulting in the number of Jasmy holders to still be speculative. through all this though, Jasmy prevailed & has come into full compliance with the FSA and JVCEA regulations & could finally list on a Japanese exchange, the 25 weeks of IR was in full swing & BitPoint (owned by RemixPoint energy company) had also met the requirements to list JasmyCoin on it’s exchange. the listing was a big success & included a celebrity appearance by Tsuyoshi Shinjo “BigBoss” as an affiliated brand ambassador. now the ball is rolling, and although Jasmy is still looking for price stability, as more Japanese Crypto exchanges meet regulatory compliance, we will see the final stage of the first phase of Jasmy’s efforts to roll out it’s blockchain technology in Japan and to start realizing data democracy. Jasmy now has the support of government agency’s and Japanese multi-national corporations as the country prepares to roll out it’s Digital Transformation that was initiated in 2000 to solve Problems in Japan, such as the Governments data storage & data delivery dilemma effecting its aging population with unnecessary paper work done in person, paperwork that piles up at government agency’s across the country. This is being rolled out with a massive government push for citizens to adopt the Kojin-Bango MyCard and use it for payments, earnings, taxes, and for identification while traveling. their is also funding for new business concepts to use blockchain to innovate & develop new sollutions to Japans aging government and social infrastructure. In April, new data privacy regulations go into effect and will start being enforced & due to COVID, Japan has pressed the gas to get it’s digital transformation implemented faster than originally planned with huge government investments and subsidies. Japan has also partnered with China, Australia & Saudi Arabia to use blockchain when shipping and trading energy’s, metals and other commodities. after a rough first year, I believe Jasmy will stop crawling on the floor & take some big steps towards reaching its goals and meeting it’s KPI’s. not only is the company growing along side adoption/investment of JasmyCoin, JasmyCoin has very positive social sentiment scores & some of the best online communities growing rapidly around it (like this one on Reddit) I believe the popularity that drove Jasmy to it’s all time high while only listed on one exchange is returning and will grow even bigger with the JasmyCoin addition to over 30 international crypto exchanges. ????????

https://www.reddit.com/r/JasmyToken/comments/s1iysm/my_personal_theory_on_why_jasmycoin_dropped_from/