The encryption market is about to enter a cold winter, and Web3.0 is facing a severe test. With the mission of “democratization of data”, Jasmy aims to realize data value sharing through decentralized solutions of IoT + blockchain technology. The global encryption market has emerged, and relying on its profound technical background, it has become one of the well-known projects with the fastest development speed and the fastest commercialization of technology applications in the field of Web3.0, and it is also one of the most sought-after Web3.0 blue-chip projects. In the period of rising value in 2022, due to the impact of macro factors in the global market, Jasmy is facing two challenges from the long-term bear market and the market’s expectation of the future value of Web 3.0.
Cryptocurrencies began to accelerate their decline following the release of higher-than-expected U.S. CPI data on May 11. In the face of high inflation and aggressive interest rate hikes by the Federal Reserve, investors have chosen to flee risk assets. In addition, the third-largest stablecoin in the cryptocurrency market, UST, has been severely decoupled from the US dollar, further dragging down the already panicked cryptocurrency market. , triggering a new wave of selling. In the past week, the entire crypto market has been severely hit, with mainstream cryptocurrencies including Bitcoin and Ethereum down more than 30%, including XRP down 45%, Solana down 55%, Cardano down 52%, Avalanche down 60%, JasmyCoin was also severely affected, with a drop of 52%. Obviously, the entire market fell into a state of panic.
History is always strikingly similar. By comparing the investment hotspots in the bear market of the crypto market since 2018, the future trend of the market, the policy trends of various governments, and the current market conditions, we have come to a very simple investment logic: “Value Investing is a mixture of patience and daring, and we need to invest in market sectors where trends are clear.”Since 2018, the market has experienced many bull and bear changes. During this period, market hotspots such as public chains, DEFI, cross-chains, and GameFi have emerged. They have all experienced a long bear market and broke out at dawn. We have reason to believe that when the next bull market comes, the Web 3.0 field will be the first flashpoint. This is the future trend, so we need patience and courage.
Masaaki Taira PT Chairperson’s “NFT White Paper (Draft) – Japan’s NFT Strategy in the Web 3.0 Era” compiled on March 30 and “Digital Nippon 2022 – Challenges of New Digital Capitalism” published on April 27 both express an important point: “The arrival of the Web 3.0 era is a huge opportunity for Japan”.
At the hearing, many people of insight and entrepreneurs expressed their expectations for the rapidly expanding digital economic circle and their sense of crisis about the current situation in Japan.
The reality is that Japan’s Web 3.0-related businesses are starting to lag behind the world, hampered by the current restrictions and tax regimes on crypto assets. In repeated hearings, many pointed out that financial restrictions and accounting systems hinder investment, token issuance restrictions deprive a certain business of operating mobility in the future, a social climate that dampens innovation and a heavy tax burden leads to promising businesses family and engineers move overseas.In the prospect of the huge digital economy that is emerging today, if Japan is to lead the world, it must clearly assume a posture of promoting Web 3.0 business as the pillar of the new capitalist growth strategy. On this basis, in order to strongly support responsible innovation while considering content holders, user rights protection, and social and legal interests, the social foundations and rules need to be improved immediately. It is necessary to cooperate with countries led by the United States to jointly cultivate an ecosystem supporting the Web3.0 era and a sound digital market such as NFT, and create a de facto standard for a new digital economic circle from Japan.
We can see that the Japanese traditional Internet industry and the Japanese government are trying their best to explore the field of Web3.0 digital economy. The Jasmy we mentioned has a legal status in Japan, and has laid a solid business foundation in the encryption industry in the past two years. Japan wants to take Web3.0 as a strategic deployment of new capitalist growth, so Jasmy is undoubtedly at the forefront of this strategic deployment. It will occupy an inherent advantage and more social resources in the upcoming Web3.0 market in Japan.
From a global perspective, Web3.0 is now attracting the attention of IT companies all over the world, becoming a new generation of frontier areas and the focus of attention in the Internet and digital fields. The Jasmy project is engaged in the most important and valuable technical fields of “data security, data democracy, and data tradability” in the Web3.0 era. Although there are various opinions on the strict definition of Web 3.0, after Web 1.0 centered on email and websites, and Web 2.0 characterized by smartphones and SNS, a wave of new technology innovation that fundamentally overturns the network and digital economic structure has arrived. Large-scale platforms headed by GAFAM surround data and users, and gradually fall into the embarrassing Web 2.0 world. In the era of Web3.0, on the decentralized network based on blockchain technologies such as NFT and encrypted assets, an attempt is made to build a new digital economic circle in which independent users are directly connected to each other without relying on a specific platform.
Therefore, Web3.0 is a clear trend in the future, and Jasmy has innate policy and technical advantages.
Of course, in the blockchain industry, investment judgment can be made from various aspects, such as the technical solutions, consensus mechanism, token model, business model, policy impact and team quality of the project. After a long-term observation, we believe the Jasmy project is worth following in the long run:·
- Technical solution: project progress, technical popularity, technical feasibility; (Jasmy has commercial application technology)
- Market popularity: the number of media reports, press conferences, community data, search index; (Jasmy has lanched lots of well-known exchanges in the world)
- Economic model: Token distribution plan, token function, token unlocking, financing and valuation; (Jasmy cannot be re-issued and continuously repurchased)
- Team situation: founding team background, consultant team background, investment team background; (Jasmy has Sony background)
- Local policy: Japanese regulatory attitude; (Jasmy has Japan legal status)
There are a variety of statistical tools in the market, and more detailed data information can be publicly queried. In short, more than 90% of investors who lack the ability to identify will be eliminated in the bear market panic, and more than 90% of false projects will also be abandoned by the market, big waves wash away the sand, and the essence of this industry is what settles down. We have reason to believe that Jasmy will be the best among them.
The market will always reward long-termists and hard work. Looking back on 2018 is just the beginning of the bear market, the most painful stages are actually 2019 and 2020, and the entire market is in a state of half-dead. When market participants have been unable to expand their business from any angle, the belief in blockchain will collapse, and most people’s hopes will disappear while waiting.
But during this period there are always some long-termists who are still working on projects, still investing and supporting projects. They also dare to dedicate their time or money to the things they believe in. Some of these people have become leading institutions, and some have become blue-chip projects, and the market has given them a thousandfold return.
History is always similar, and the cold winter of the crypto market in 2022 is testing every supporter of the Jasmy project.
About Jasmy:
Jasmy is a Japanese company that develops and provides data security and sharing services in the Internet of Things era. JasmyCoin is the first local cryptocurrency approved to be listed on a Japanese digital currency exchange, and the first legal and compliant digital currency in Japan. At present, more than 50 trading platforms such as Coinbase, BITPoint, Binance, Huobi etc., have been launched. And it have reached cooperation agreements with more than 20 companies such as Nexstgo, Aplix, Japanius, Witz, MetaVisa, etc. Its self-developed JasmyPersonalDataLocker system has been put into commercial use. Jasmy’s move has promoted the commercialization of Japan’s blockchain technology, which is of epoch-making significance for the prosperity and development of Japan’s cryptocurrency market, and is known as the “Bitcoin” of the new era of Japan’s encryption industry.
To gain more information——
Official website: http://www.Jasmy.co.jp
Twitter: https://twitter.com/Jasmy_league
Telegram: https://t.me/OfficialJasmyUniverse
Facebook: https://www.facebook.com/Jasmyleague/
Medium: https://medium.com/Jasmy-league
GitHub: https://github.com/JasmyCoin/JasmyCoin
