Joseon Mun PriceJSM

What is Joseon Mun (JSM)?

Joseon Mun (JSM) is an Ethereum-based token (ERC-20). Joseon describes JSM as its national currency and legal tender.

Key Takeaways

Joseon Mun (JSM) is an Ethereum-based token (ERC-20). Joseon describes JSM as its national currency and legal tender. JSM is used for state fees, taxes and commercial activity within its self-described jurisdiction. Joseon describes itself as providing a safe haven for crypto projects to domicile in its jurisdiction. JSM's price is set by global supply and demand across exchanges. It represents a novel intersection of blockchain technology, digital sovereignty, and international law.

Key Specifications & Tokenomics

Joseon Mun (JSM) is the digital currency of the self-described sovereign cyber nation-state Joseon, designed to function as its primary medium of exchange and unit of account within its legal and economic framework.

Who Created Joseon Mun (JSM)?

Joseon Mun was founded by Andrew Lee, founder of Joseon. Joseon describes itself as the world's first legally recognized cyber nation-state (also referred to as a "network state"). Joseon was regranted legal recognition into the family of nations in 2023 and relaunched as a cyber nation. The development and issuance of JSM are intrinsically linked to the state's foundational legal documents. The currency was created not by a private company or decentralized autonomous organization (DAO) in the traditional crypto sense, but as an instrument of state policy and monetary sovereignty for this unique digital nation.

How Does Joseon Mun (JSM) Work?

JSM is an Ethereum-based token; it does not have its own consensus mechanism or mining process. Transfers settle on Ethereum, and transaction costs depend on Ethereum network conditions. Joseon describes JSM as its national currency and legal tender, used for state fees, taxes and commercial activity within its self-described jurisdiction. JSM's price is set by global supply and demand across exchanges.

What Makes Joseon Mun (JSM) Unique and Valuable?

JSM's primary uniqueness stems from its status as the national currency and legal tender of Joseon, a self-described sovereign cyber nation-state. Joseon describes JSM as the national currency and legal tender of Joseon, a status it says distinguishes it from most other blockchain tokens. Its value proposition is multifaceted:

• Sovereign Backing: According to public sources, JSM carries a CertiK rating of 3.2; the rating's scale and methodology should be checked directly with CertiK, and a rating is not a guarantee of safety.
• Legal Utility: Joseon describes JSM as its national currency and legal tender, used for state fees, taxes and commercial activity within its self-described jurisdiction.
• Ethereum-Based Token: JSM is represented as a token on top of Ethereum rather than as a separate base-layer blockchain.

JSM is a highly volatile asset: its price is set by global supply and demand, and it has fallen sharply from its all-time high. Its claimed legal status is self-described and may not be recognized in your jurisdiction; regulatory treatment of crypto assets varies by country.

What Is Joseon Mun (JSM) Used For?

JSM serves as the lifeblood of the Joseon digital nation's economy. Its uses are defined by its legal status:

• State Transactions: Payment of government fees, fines, taxes, and other official charges to the Joseon state.
• Commercial Activity: Used for buying goods and services from merchants and entities operating under Joseon's jurisdiction.
• Legal and Contractual Settlements: Facilitating payments that are legally binding and recognized within the Joseon legal system.
• Reserve Asset: Functioning as the base currency for the nation's described foreign exchange reserve framework.

How Is the Joseon Mun (JSM) Ecosystem Developing?

The JSM ecosystem is developing in tandem with the growth of the Joseon nation-state itself. Development is inherently tied to state-building activities:

• Legal Infrastructure: Expansion involves formalizing more laws, regulations, and international agreements that utilize JSM as the settlement layer.
• Adoption by Entities: Encouraging businesses, legal firms, and other organizations to establish a presence under Joseon law and use JSM for transactions.
• Financial Integration: Exploring and establishing pathways for the currency to interact with traditional and digital financial systems while maintaining sovereign control.
• Technology Stack: Ongoing development of the Ethereum-based token to ensure it meets the security, scalability, and functionality requirements of a national digital currency.

How to Mine Joseon Mun (JSM)?

JSM is an Ethereum-based token; it does not have its own consensus mechanism or mining process. Transfers settle on Ethereum, and transaction costs depend on Ethereum network conditions.

How to Keep Your JSM Coin Safe?

Securing JSM requires a focus on the unique nature of its underlying Ethereum-based token.

• Official Wallets: Use a wallet that supports Ethereum-based tokens, and always verify the contract address before interacting.
• Private Key Security: As with any blockchain asset, safeguarding your private keys or seed phrase is paramount. Store them offline in a hardware wallet or a secure, encrypted environment if supported.
• Understand the Legal Context: Be aware that holding JSM involves interaction with a sovereign legal system. Ensure your acquisition and storage methods comply with any relevant regulations from Joseon and your local jurisdiction.
• Beware of Scams: Only interact with official channels associated with the Joseon state for information and transactions. Be cautious of impersonators offering unofficial wallets or investment schemes.

How to Buy JSM Coin?

JSM is an Ethereum-based token. Before buying, verify the contract address 0x04c618cdbc1d59142dfeb4b9864835a06983ec2d on Etherscan (https://etherscan.io/token/0x04c618cdbc1d59142dfeb4b9864835a06983ec2d), and check a reputable data aggregator for currently listed venues. Never send funds to an address you have not independently verified. Note that leverage and short selling can amplify losses.