Who owns the most Jasmy crypto? High concentration among top 10 holders as price of Japan’s bitcoin plumbs new depths

Who owns the most Jasmy crypto? High concentration among top 10 holders as price of Japan’s bitcoin plumbs new depths

JasmyCoin (JASMY) has been on a bear run for over a year now, falling by more than 99% since peaking for the last time in May 2021. As of 11 November, the coin was valued at $0.0041.

Despite a downfall in JASMY price action, the token has been seeing a surge in active addresses. Let’s have a closer look at who owns the most JASMY crypto.

What is JASMY?

Jasmy is a Japanese internet of things (IoT) company that aims to make data sharing safer, and more decentralised and democratised. It specialises in the safe buying and selling of personal data. It was founded in April 2016 by Kunitake Ando and Kazumasa Sato, two former Sony executives, and Hiroshi Harada, a former employee at KPMG.

Harada, who serves as the platform’s CFO, told Binance in an interview in September 2022:

“Jasmy’s mission is to create a mechanism/platform which allows all users to take ownership of their own data in a secure and private manner. Instead of letting a handful of big tech corporations take control of such sensitive data, Jasmy aims to help enable a world where everyone can feel safe and secure about the use of their own data.”

The platform allows users to:

  • Store and control their data in a safe and secure environment
  • Safely and securely manage and control their devices
  • Provide safe and secure use of their data under clear rules

Jasmy’s Personal Data Locker (PDL) provides users with full ownership over their personal data while its Secure Knowledge Communicator (SKC) is responsible for the achievement of data democracy.

The platform promises to provide its customers with an IoT platform that will help them manage their IoT data securely and efficiently; IoT devices and services that will help customers with the development and maintenance of their IoT platforms and thorough data analysis which will be used for the further improvement of the platform.

Jasmy’s native token, JasmyCoin (JASMY), is used by companies that wish to purchase the users’ data stored on the platform. The token can also be used by users as investment, for governance and metaverse utility. JASMY was built on the Ethereum (ETH) ecosystem and is an ERC-20 token.

JASMY was launched at the end of October 2021 and has been dubbed  as “Japan’s bitcoin”.

JASMY supply explained

According to data provided by CoinMarketCap, JASMY has a maximum and total supply of 50 billion coins. This makes the coin a deflationary asset, similar to bitcoin (BTC), due to the limit on how many coins can be mined.

As of 11 November 2022, the token had a circulating supply surpassing 4.7 billion and a market capitalisation of $19.4m.

JASMY was Japan’s first ever legally approved cryptocurrency as the country had imposed a strict regulation for this market. It was listed on the Japanese crypto exchange BITpoint on 27 October 2021.

The cryptocurrency was met with a lot of enthusiasm upon its launch, skyrocketing by more than 230% in four days from $1.3024 on 12 February 2021 to $4.2929 – an all-time high following its listing on the crypto exchange Gate.io.

After the fast surge, the token lost over 58% of its value falling to $1.7851 by 22 February 2021, but managed to regain 67% of its value soon after, reaching $2.9628 on 2 March 2021.

JASMY grew past the $2 barrier once again on 9 March 2021 as the platform announced it had joined GitHub, thus providing a space where its users could discuss upcoming projects, news and bugs.

JASMY to USD chart, February 2021 – November 2022

JASMY to USD chart, February 2021 – November 2022

Source: CoinMarketCap

By 5 May 2021, however, the coin lost around 50% of its value, falling to $1.0965 before seeing a mini-surge on the following day and rising to $2.1586. The bullish price action did not last long. The coin entered a bear run, falling by 95% in the following weeks and reaching $0.05456 on 20 June 2021.

Since then, the coin was unable to reach previous highs, falling by an additional 92.4% to $0.004122 as of 11 November 2022.

Who owns the most JASMY crypto?

In the past two months, JASMY lost over 57% of its value, falling from $0.009717 on 10 September 2022 to $0.004122 on 11 November 2022. Despite the continued bear trend, token concertation among the top 10 JASMY holders remained high.

Data published on Sanbase showed that the number of active JASMY token addresses spiked to 673 on 30 October from 224 the day before. The number of active JASMY holders spiked once again on 9 November to 719 from a low of 273 on 7 November 2022.

So, who has the most JASMY tokens? Data provided by etherscan.io showed that there are 36,169 JASMY holders in total. The 10 biggest JASMY holders, as of 11 November, collectively owned 51.33% of the total token supply in circulation, meanwhile the top 100 owned 85.44%.

The website noted that the top account holding the most JASMY tokens was the world’s biggest cryptocurrency exchange Binance (BNB). Binance owned 23.43% of the total supply, which amounted to 11.7 billion JASMY coins worth around $48,500, as of 11 November. It’s likely that the exchange is holding the tokens on behalf of its users.

The second on etherscan’s top holders of JASMY list was crypto exchange Mexc.com. It owned 5.86% of the total supply, amounting to 2.9 billion tokens. Mexc.com could own JASMY tokens on behalf of its users.

The third biggest JASMY account was Jasmy Deployer which held 4.8% of the tokens’ total supply amounting  to 2.4 billion coins. The fourth and fifth biggest JASMY holders were two anonymous wallets holding 4.12% (1.34 billion coins) and 2.7% (1.29 billion coins) of the tokens’ total supply respectively.

Analyst views on Jasmy’s tokenomics

Knowing who owns the most JASMY tokens can be of use to many retail investors and traders, Anndy Lian, chief digital advisor at the Mongolian Productivity Organisation and author of ‘NFT: From Zero to Hero’, told Capital.com:

“The concentration of tokens on exchanges on leading exchanges such as Binance is a confidence booster for many retail investors.

“JASMY has gained interest from some of the biggest names in Japan’s technology industry. Pansonic and VAIO have also partnered with JASMY. During the COVID-19 pandemic, the largest call centre in Japan, Transcosmos, used JASMY to secure its data. The big names using JASMY’s technology are a really attractive selling point for retail investors.”

Lian added that for JASMY to truly grow, the firm would need to showcase its technology and focus on revenue.

“After all, they are the first legally compliant Japanese crypto coin listed on the Japanese cryptocurrency exchange. Japanese law strictly governs cryptocurrency transactions subject to Financial Services Agency inspections. Being accountable by Japanese law, they need to walk away from fluff and hype and concentrate on real business first.”

Please note that analysts’ predictions and opinions can be wrong. The information about the biggest cryptocurrency whales and ownership concentration shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before trading. And never invest or trade money you cannot afford to lose.

 

Source: https://capital.com/jasmy-token-who-owns-most-jasmycoin-crypto

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Who owns the most ethereum? Biggest ETH holders

Who owns the most ethereum? Biggest ETH holders

Ethereum’s long-awaited upgrade to a proof-of-stake (PoS) consensus mechanism is set to begin in the third or fourth quarter of 2022. The event is expected to increase scalability and adoption rate for the second-largest cryptocurrency by market capitalisation, ether (ETH).

What are the major ether use cases? Will ETH supply change after migrating to PoS? Who owns the most ethereum (ETH) coins? In this article, we discuss the project in detail and find out more about ethereum holders.

What is ethereum?

Ethereum is the world’s leading smart contracts blockchain. Its native cryptocurrency, ether (ETH), is the second largest after bitcoin (BTC), with a market capitalisation of more than $200.71bn at the time of writing (28 July).

Founded by Russia-born, Canadian programmer Vitalik Buterin and a host of co-founders, including Gavin Wood, Charles Hoskin, Joseph Lubin and Anthonio di Lorio, Ethereum debuted in 2015, preceded by a whitepaper published by Buterin in 2014.

In its whitepaper, Ethereum described a cryptographic ledger that allowed users to encode smart contracts and build decentralised applications (Dapps) within its blockchain.

Built on Bitcoin’s innovation, Ethereum has several differences with Bitcoin which was launched in 2009.

The role of Ethereum in the blockchain industry differs from that of bitcoin. The former is a platform for developing and deploying decentralised applications (Dapps) on its network, whereas the latter focuses on facilitating peer-to-peer decentralised payments.

In short, Ethereum could be compared to a market place of blockchain-based financial services, games, social networks, and other Dapps. According to State of the Dapps, as of 28 July 2022, out of 4,073 decentralised applications, 2,970 were built on the Ethereum blockchain.

Tokenomics is another distinction between the two leading blockchains. Unlike bitcoin, ether has no hard cap.

The Ethereum network is gradually expanding, as the total number of addresses continues trending up. According to Glassnode, it increased from around 10,000 addresses in 2015 to more than 155 million addresses in June 2022.

Ethereum blockchain: Number of addresses

Ethereum use cases

Ethereum smart-contracts helped the platform to become widely used in various sectors, from decentralised finance (DeFI), to gaming and non-fungible tokens (NFT) space.

Top 20 Ethereum-based tokens, as of 28 July, included: stablecoins, like Tether (USDT) and USD Coin (USDC); DeFi cryptocurrencies, like Uniswap (UNI) and Chainlink (LINK); and gaming cryptocurrencies, like ApeCoin (APE), Decentraland (MANA), The Sandbox (SAND) and Axie Infinity (AXS).

According to Ark Invest’s Big Ideas 2022 report: “After a turbulent 2018-2019, Ethereum emerged in 2021 as the predominant smart contracting platform for decentralized finance and non-fungible tokens (NFTs).
“Ether (ETH) is both the preferred collateral in DeFi and the unit of account in NFT marketplaces, suggesting that it is likely to capture a portion of the $123 trillion global money supply.”

However, the dominance of DeFi applications on Ethereum blockchain has decreased lately, while NFT transactions have been growing. According to Glassnode’s data as of 25 July 2022, consumption of gas by NFT projects surged 6.2%, since November 2021, while DeFi application’s gas usage plunged from 27.5% to 15.1%.

Ethereum supply: How many ether (ETH) coins are there?

The Ethereum network began with 72 million Ether coins in circulation. A crowd sale conducted in July and August 2014 to fund the project’s development sold about 83% of its initial supply or 60 million.

In exchange for an ETH wallet address, the crowd sale participants sent a total of 31,000 bitcoin to a designated Bitcoin address. The participants were promised to receive the ETH that they bought when the network was launched.

The initial ETH price for the crowd sale was set at 2,000 ETH per BTC, and it was intended to progressively decrease to a final price of 1,337 ETH per BTC in the 42-day public sale that ended on 2 September 2014.

The crowd sale raised 31,529 BTC (approximately $18m at the time) in exchange for 60 million ETH, according to blockchain research firm Messari.

The total number of ethereum coins in circulation today differs from the early days. Following the launch of the Ethereum Mainnet in 2015, each block minted a new ETH. Block rewards, which were initially set at 5 ETH per block, have now been reduced to 2 ETH per block.

Ethereum does not have a fixed supply. As of 28 July 2022, circulating ETH supply totals 121.73m, according to CoinMarketCap.

Ethereum (ETH) historical price chart

ETH supply after PoS migrating

Ethereum is in the process of migrating to proof-of stake (PoS) consensus which will see ETH ditching its proof-of-work (PoW) miners. It will instead reward newly-issued ETH tokens to validators who have staked ETH tokens on the network.

The upgrade to PoS or known as ‘The Merge’ and ‘Ethereum 2.0’ is touted as the biggest event on the cryptocurrency markets. Validators depositing ETH through staking will reduce the circulating supply of ETH in the future.

What is your sentiment on ETH/USD?

The network said only 1,600 ETH a day will remain after the Merge, dropping the total issuance by 90%.

As of 28 July 2022, over 13.8 million ETH had been staked in anticipation of The Merge, removing approximately 11.5% of the coin’s current supply from circulation.

According to Glassnode’s data as of 9 July, Lido, a project offering a staking solution for Ethereum, accounted for 4.137 million ETH staked (31.8%), while the combined stake of three crypto exchanges Coinbase, Kraken and Binance accounted for 3.505 million ETH (27% of the total amount staked).

The Merge is expected to happen later in 2022, which Ethereum said will reduce the energy required to secure Ethereum by about 99.95%.

Who has the most ethereum?

There were 201.76 million ethereum holders as of 28 July, up from 199.58 million a month earlier on 29 June, according to CoinCarp.

Who are the biggest ethereum holders? The largest ETH-holding address was an ETH2 deposit smart contract which held over 13.1 million coins or close to 11% of ETH’s circulating as of 28 July, according to Ethereum data on-chain Etherscan and Coincarp.

The second largest ETH-holding  address was a Wrapped Ether smart contract with 4.28 million ETH (3.58% of circulating supply), as of 28 July.

The third and fourth highest amounts of ETH were deposited in wallet addresses identified as belonging to crypto exchanges Kraken and Binance.

Based on data from Etherscan, two unidentified wallet addresses in fifth and sixth places are top holders of ethereum outside those deposited in the smart contracts and crypto exchanges.

The two unidentified wallets had about 1.95 million and 1.49 million ETH tokens in them, respectively, representing 1.6% and 1.2% of the total ETH supply, as of 28 July 2022.

The two wallets mentioned above were the only two unidentified addresses among the top 10 ether holders. The remaining protocols were identified as smart contracts, cryptocurrency exchanges, and decentralised finance (DeFi) protocols.

It is unknown how much ETH holdings do early contributors and ethereum insiders currently have. In October 2018, Buterin disclosed his wallet address on Twitter. He added that he “never personally held more than ~0.9% of all ETH, and my net worth never came close to $1b.”

What do analysts view of Ethereum?

According to Ark Invest, Ethereum could displace many traditional financial services and ether (ETH) could compete as global money.

“As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries. The beneficiaries of this shift include Ethereum, the base protocol, and DeFi, the decentralized applications built on top of Ethereum,” the company said.

Anndy Lian, intergovernmental blockchain advisor, said Ethereum’s upgrade from PoW to PoS is a big move for the cryptocurrency market.

“This is like the launch of Windows 95 where all good things will follow,” said Lian who is also the author of Blockchain Revolution 2030.
“Ethereum’s transition to PoS will bring many benefits, including improved efficiency, scalability, security and reduced centralization. I am looking forward to more surprises,” he said, adding that there will be more upgrades after The Merge.

Cryptocurrency prices are highly volatile, including for ethereum (ETH) and bitcoin (BTC). It is important to do your own research on a coin or token to determine if it is a good fit for your portfolio. Whether ethereum (ETH) is a suitable asset for you will depend on your risk tolerance and how much you intend to trade.

When looking for ethereum projections, bear in mind that analysts’ and algorithm-based ETH crypto price predictions can be wrong. Their expectations are based on fundamental and technical studies of the cryptocurrency’s past performance, which offers no guarantee of future results. And never trade money that you cannot afford to lose.

 

Original Source: https://capital.com/who-owns-the-most-ethereum

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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