What is JUST?
JST, or the JUST token, is the native token of the JUST ecosystem. The latter is a DeFi suite providing multiple products for TRON-based protocols. It’s powered by the TRON blockchain.
The JUST token is based on the TRC-20 token standard. This means it’s secured by TRON, which utilizes the Delegated Proof-of-Stake consensus mechanism.
JST is one of the two main tokens powering the JUST network. It was initially designed to support the JustStable platform, also known as the CDP Portal, which is part of the JUST ecosystem. It allows users to lend USDJ - a stablecoin pegged to the US Dollar. USDJ is the other native token of the JUST ecosystem. It can be obtained by staking supported collateral cryptocurrencies on JustStable. After depositing a certain amount of collateral, users will be able to mint USDJ.
JST has more than one use case. It’s mainly used for the purpose of JUST-based dApp governance. This means JST holders can make their voices heard in regards to the future of the JUST ecosystem. It’s done by voting and contributing to the detrimental decisions that may have a significant impact on the project. Moreover, they can submit their own suggestions in the form of proposals. The ones that receive the necessary amount of votes are carried out at a later time.
In addition, it can be used as a medium of exchange to pay for transaction fees, interest fees, and various other products or services.
JUST coins can be obtained in three ways.
Firstly, you can simply buy it on a crypto exchange. In addition, users without any crypto assets can obtain JST via fiat currency. Secondly, you can acquire JUST tokens by mining. Last, but not least, participating in exclusive campaigns rewards users with JUST tokens.
In order to make an informed purchase decision, you can check the JUST price and other statistics in the chart above.
What are the Main Features of JUST?
The JUST crypto project consists of three main platforms: JustStable, JustLend, and Just Cryptos.
As mentioned above, JustStable is a decentralized stablecoin lending platform powered by the USDJ token. JUST claims it’s completely fair, borderless, and prosperous.
JustLend is a decentralized lending platform powered by TRON. Users take the role of either a borrower or a supplier. In this case, suppliers provide liquidity while borrowers take out loans. It comes with unique features such as Automatic Order Matching.
Just Cryptos is a blockchain bridge. It connects premium cryptocurrencies from various public blockchains, however, it’s mainly prevalent on the TRON network. In essence, Just Cryptos enables users to swap their cryptocurrencies.
When it comes to tokenomics of the JUST crypto project, it holds a max cap of 9,900,000,000 JUST tokens. Since there is a limited supply, it's possible that the JUST price will grow as there will be fewer and fewer tokens in the circulating supply. These tokens are distributed like this:
- 30% - JUST ecosystem;
- 26% - Strategic Partners;
- 19% - Team;
- 11% - Seed Sale;
- 10% - Airdrops;
- 4% - Public Sale at Launchbase.
Don't forget to check the JUST price on our graph above.
Who developed JUST?
The JUST token was launched in 2020 along with the JustStable platform.
It was introduced by Justin Sun who is the CEO of the TRON network.
Prior to launch, the JUST crypto project held an Initial Exchange Offering (IEO) on the Poloniex launchpad. It was the debut IEO for Poloniex.
The JUST Foundation is behind the JUST crypto project. The majority of the members of the core team wish to remain anonymous. However, it’s been stated, that these individuals come from various professional backgrounds including TRON, Alibaba, IBM, and Tencent.
At the same time, there are some members of the JUST Foundation who do not hide their identities. This includes experienced blockchain professionals Terance F, Elvis Zhang, and GL Kong. Nonetheless, this information is not available on the official website of the project.
