Chapter 1: What is JasmyCoin and what utility does it offer?
Out of Psycho-Locate. Previously, we had one coin that really didn't have utility. The main purpose of Jasmine coin, I think, was to raise money for the company, for the device makers. But again, they've always needed to bridge that gap. And I think that's a challenge that they've always had. So I do commend a horizontal efforts for trying to marry them up and to make them work together.
And junction, as he said, is a project that has been incubated by Jasmine.
So you heard it from the horse's mouth.
Chapter 2: What challenges has Jasmy faced in bridging gaps in its technology?
Now let's dig into it. CryptoTalk.fm. My name is Lyster. I am your host. I have not followed Jasmine close. I've observed it, but I'm not followed it close. To preface the first time I heard about Jasmine and I want to say it was
i don't think it was bit boy somebody was just all over the moon about freaking jasmine oh it was uh del rug pull aka del crypto he was the one that he was all in jasmine he's all in about it all the and then i can't remember who it was but somebody on youtube kept talking about how some japanese organization they were going to use
jasmine blockchain technology to run their operations this audio that i just played this was brought to my attention on coin market cap by the way this was an interview the youtube channel if you want to check it out yourself is crypto future with a space in the middle this was on january 24th and it doesn't have a lot of views so i don't think he has a lot he has a lot of subscribers but i don't it feels like the sentiment of jasmine dwindled i'll talk about that in a second but
i think it's worth the listen this comes from haru-san i believe is the name haru-san is representing and i don't follow it so it's possible i get some of this wrong but i believe he represents the jasmine organization that's kind of behind this now
what I gleaned from this, and if anybody has insight and more clarity, cause you're in the project and you'd like to clarify points, please crypto talk. Dot FM hit the contact form. Let us know, you know, clarify, add supplement, whatever you choose. But what I gleaned from this is at some point there was some idea to do the Jasmine chain, which needs the Jasmine coin.
And when it launched, if you look at CoinMarketCap, it says $5 is all time high. To me, that's the liquidity load. I don't think it's a legit because the graph says about two, three bucks. Regardless, it did a pump and dump, pretty aggressive pump and dump, and now just over half a penny in its price. And people have speculated, not me, others, that Jasmine was a rug pull.
Jasmine is pretty much printed out or minted out all of its tokens. So I didn't see a, like a extreme dilution issue, but I don't know enough about the token supply at the time. I do know that Jasmine by and large has not had a significant volume compared to the other tokens that were out there, except during the sell periods. This tells me, and I, again, this is why it's an impassioned plea.
If you have this background in the history, I would love to hear that. But when I look at the graph, it almost looks like there may have been some sort of a distribution of pre-sale that took place because the vast majority of volume is on the sell side, not on the buy side.
usually that means tokens were given to people whether that was by way of some sort of mining or some sort of distribution or some sort of pre-sale i don't know any of that is or isn't true i'm going off the data i saw back in 2021 and i remember 2021 being kind of that dull period the start of the dull period and then later after binance.com
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Chapter 3: How did the Jasmine blockchain technology gain attention?
And then you spin up another token as project B that token wouldn't have existed if you didn't take money from project a that's a Ponzi scheme. So it didn't strike me that he was malicious. It didn't strike me like he was a criminal. He's on the video. He seems like he wanted to be transparent, but it just seems odd. That's so much in that he's, he's honest, right?
But how can that be that nobody stopped and said, this doesn't feel right folks that we're just taken from these people and we're not having anything to show for it. And all the rumors about what Jasmine was going to do. I remember, I remember looking at the site and it's not even in English, but I remember looking at the site when people were telling me,
This is going to be paired with the Jasmine blockchain. It's going to do all this X, Y, Z, and it's going to skyrocket the Jasmine price. And it's going to over, it's very similar, frankly, to block dag in that regard. I'm, I'm stunned though, that it got so bad. And then their answer, they acknowledge basically taking the rug, pulling you openly, essentially admitting that.
And then they're going to launch another token, which is basically a Ponzi scheme to try to make it right. i have no call to action for folks i'm sharing what this person's saying on this video that i encourage you go watch yourself to make up your own mind if you're in it
you're holding it and it's worth you to hear this because i don't know enough about the history of it to fully grasp how it got so bad and it may be that the vast majority of people got out of it but i i do know that the holder count for jasmine has dwindled quite a bit over the past couple years so it may simply be that people got out of it
but i'd like to hear from anybody that has more insight and knowledge as to what got you to this point i'm gonna stress if you're in it and you have an interest in it i stress please check out crypto futures channel please check out this interview and i would absolutely love to hear your thoughts on what's being said and from what you know of the past you know is this person legit is this person feel like they're trying to scam you what is your pulse
given everything you know about the project to date.
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