Generalize
Information
Information
What is JUST (JST)?
JUST is a comprehensive DeFi ecosystem on the TRON blockchain, providing all-in-one financial solutions to its users. The JustStable USDJ stablecoin decentralizes access to lending and borrowing services, while the JustLend DAO is a peer-to-peer platform for wealth management.
USDJ is a collateral-based decentralized stablecoin developed on the TRON network and pegged to the US dollar. It is a borderless digital currency that allows users to access DeFi services on the TRON ecosystem, promoting financial inclusion and democratizing investment and profit opportunities for users worldwide.
Just Cryptos, the third product from JUST, supports a bridge for transferring cross-chain assets between TRON and other public blockchains. It can be used to swap TRON-based TRC-20 tokens to other public chains and vice versa with low costs and high speeds.
JST is the native cryptocurrency of the JUST ecosystem, primarily used for dApp governance. Users can earn JST tokens through mining, trading, and engaging with protocols supported by JUST.
How Does JUST Work?
JUST is a two-token ecosystem built on TRON and consists of three key pillars:
JustStable (USDJ) Stablecoin
JustStable is a decentralized finance system developed based on the USDJ stablecoin. The decentralized stablecoin is collateral-based and maintains a 1:1 peg to the US dollar through smart contracts that power an automatic feedback mechanism.
You can earn USDJ through staking on JUST or trading against other cryptocurrencies on DeFi platforms on TRON. JUST maintains the USDJ peg to the US dollar by backing the asset with massive asset reserves. The stablecoin offers an extremely cheap and fast way to interact with the TRON network and use it as a fair and borderless hub for making payments without worrying about volatility.
JustLend DAO
The JustLend DAO is TRONs first official lending platform. The DeFi platform allows users to lend, deposit, and earn attractive interest on their digital asset holdings. The peer-to-peer platform supports automatic order matching, offers lucrative returns, and maximizes yields for DeFi consumers on the blockchain using TRONs efficient infrastructure.
Just Cryptos
The Just Cryptos bridge supports token swap and transfer of cross-chain tokens between TRON and other public blockchains through permissionless liquidity pools. It powers the next-generation DeFi ecosystem on TRON, encouraging more DeFi users to migrate to other platforms.
Just Cryptos uses Poloniex DEX to handle the storage, management, and swap of digital assets from other networks to TRC-20 assets within the ecosystem. It also provides information on the total supply, total reserve, and breakdown of each digital asset it supports for complete trust and transparency.
When Was JUST Founded?
The JUST Foundation manages the JUST decentralized finance (DeFi) ecosystem. The organization comprises executives from leading tech companies worldwide, including Facebook, Google, Tencent, Alibaba, and IBM, and analysts from leading global investment banks.
Justin Sun, the prolific founder of the TRON blockchain, is the brains behind the JUST ecosystem. It was launched in August 2020 following a successful initial exchange offering (IEO) on Poloniex LaunchBase. Its native cryptocurrency JST has been operating in the crypto market since May 2020.
The TRC-20 token JST was made available for public token sale to raise funds for the project starting in May 2020. The initial price of JST was set at 0.124 TRX at the time of purchase with no lockup.
The project raised $3.276 million from its token sale. JUST announced a total supply of 396 million for the JST token during the general round and successfully sold out all the tokens during the public sale.
Answers
Is JUST (JST) Crypto a Good Investment?
Investing in JUST (JST) could be a good decision as the DeFi market on TRON and other blockchains is growing. Diversifying your portfolio beyond leading altcoins in the market by investing in JST may be worthwhile.
However, one of the challenges that the JUST price may face is competition from other DeFi projects on TRON. Additionally, TRON's DeFi market faces competition from other blockchains like Ethereum, which has a more established and stable DeFi market.
Nevertheless, the increasing number of decentralized finance projects could boost investor confidence in established offerings like JUST. This sentiment may drive up the price of JUST crypto and contribute to positive JST price statistics.
What is the JST Price Prediction?
It is impossible to accurately predict the price of JUST over any duration. However, JUST enjoys support from strong fundamental factors. It provides a robust and complete DeFi ecosystem on TRON and is backed by Justin Sun, a well-known influencer in the crypto market.
The value of JUST may increase as more users and dApps adopt its services. Higher adoption of the USDJ stablecoin could also contribute to an upward trend in the JUST price, benefiting early investors.
In addition to rising adoption, market sentiment towards cryptocurrencies may also impact the JST price. A positive market sentiment encourages buying activity across the crypto market, supporting the price of JUST and other digital assets.
What is JST Token Used For?
JST is a TRC-20 token and serves as the native cryptocurrency of the JUST DeFi ecosystem. Here are some of its applications:
Governance Token
The JST token functions as the governance token for dApps and protocols within the JUST ecosystem. JST token holders have decentralized voting rights on proposals that determine the project's future direction.
Mining
Users can mine JST coins by interacting with the JUST ecosystem. Mining JST is possible through activities such as depositing, lending, providing liquidity, and other financial transactions using JUST.
Crypto Asset to Trade and HODL
As the native digital asset of one of the largest DeFi projects on TRON, JST is an attractive cryptocurrency for trading and investment purposes. It can be bought, sold, or held long-term based on belief in the project's future potential. Before trading JUST crypto, it is recommended to review the current price of JUST, JST market cap, circulating supply, 24-hour trading volume, and perform technical, fundamental, and sentiment analysis using the JST live price chart.
Earn Passive Income
Investing in JST can also provide a risk-free and safe way to grow your crypto portfolio. By lending liquidity for JST on platforms like BYDFi Crypto Lending, users can earn attractive daily interest over different durations, putting their crypto investment to work.
How Many JUST (JST) Coins Are There?
The maximum supply of JST coins is set at 9.9 billion. As of August 2022, the circulating supply of JST stands at a little over 8.9 billion.
The circulating supply of JUST coins fluctuates based on the ecosystem's activity level. As on-chain activity increases, the mining of JST also increases, potentially affecting the supply of JST tokens in the market.
How to Earn JST Coin
There are several ways to earn JST coins. Here are some of them:
Mine JST
Earn JST by interacting with the JUST ecosystem. Borrowing, depositing, lending liquidity, and other transactions on the platform can be used to mine and earn JST.
Stake JST
Some exchanges and platforms support staking JST. By locking up your holdings for a specific period, you can earn JST and attractive Annual Percentage Yields (APYs). Conduct thorough online research to find reliable platforms offering JST staking with exciting rewards for your contribution.
Lend Liquidity for JST
Lending liquidity for JST is a safe way to grow your JST holdings. Platforms like BYDFi offer Crypto Lending, where you can lend liquidity for JUST and earn attractive returns for your contribution.
Coin ranking
Popular Q&A
- Can you provide a detailed explanation of what JST Coin is and how it functions in the cryptocurrency market?2021-12-24
- Can you explain the benefits of investing in JST Coin and why it is a good investment option?2021-12-24
- I am new to investing in cryptocurrencies and I am considering investing in JST Coin. Can someone please provide me with more information about JST Coin and whether it is a good investment option for beginners?2021-12-24
- Can you provide a detailed explanation of JST crypto and how it functions within the realm of digital currencies?2021-12-24
- Can you provide a detailed explanation of the advantages of investing in JST crypto and how it can benefit me?2021-12-24
- I'm interested in buying JST crypto, but I'm not sure where to start. Can you provide me with a step-by-step guide on how to buy JST crypto? Additionally, I would like to know which platforms are considered the best for trading JST crypto.2021-12-24