JUST

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. This is a whole set of products that are mainly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 after an Initial Exchange Offering (IEO) on the Poloniex LaunchBase platform earlier that year, but the native platform governance token (JST) has been circulating since May 2020.

It is a dual token ecosystem built on USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin whose value is pegged to the value of the United States dollar (USD), while JST performs many functions on the platform - paying interest, helping to maintain the platform and participating in its management, helping to set such parameters, like interest rates (stability fee) and minimum collateral ratio.

To receive USDJ on JUST, traders must deposit collateral in supported collateral tokens, including TRON (TRX), which is exchanged for PTRX tokens and locked as collateral, forming a Collateralized Debt Position (CDP). Depending on the amount of collateral deposited, users can create and withdraw USDJ, which must later be returned in order to receive the initial collateral.

The platform is designed to provide a fair and borderless DeFi product hub that any TRON user can access.

The JUST ecosystem is managed by the JUST Foundation, which includes representatives from Alibaba, Tencent, IBM, and "other world-class internet companies," and JUST's financial analysis team works at "several global investment banks," according to the project's website.

Notable personalities include Terence F. (blockchain expert, former Barclays and IBM employee), Elvis Zhang (senior developer and seasoned blockchain researcher), Xi Wu (wallet and exchange specialist), and G.L. Kong (experienced blockchain engineer and one of the early proponents of cryptography).

The full names and profiles of most of the JUST team are not public. However, the project appears to have some overlap with the TRON development team as the platform was announced by TRON CEO and founder Justin Sun and received technical and financial backing from TRON.

Unlike most other DeFi platforms, JUST doesn't just offer a single product that offers utility to a small subset of DeFi users. Instead, it is trying to create a whole set of products that cover a range of DeFi use cases, forming the backbone of a complete DeFi ecosystem on TRON.

As of January 2021, the JUST ecosystem consists of five distinct products, each designed to interact and provide additional user experiences. These are:

-JustStable: JUST's flagship decentralized multi-collateralized stablecoin platform.

-JustLend: A TRON-based money market protocol that allows users to add liquidity to credit pools and borrow cryptocurrencies at low interest rates.

-JustSwap: An automated market maker (AMM) platform used for trustless TRC-20 token swaps and permissionless liquidity pooling.

-JustLink: The first decentralized oracle system for the TRON network, used to securely supply smart contracts with real data.

-Cross-chain tokens: assets from other blockchains, including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), which have been tokenized on TRON and can be used in the JUST ecosystem.

As of January 2021, there is a total of 2.26 billion JST in circulation out of a maximum supply of 9.9 billion. This is 23% of the maximum offer.

These tokens are earned by depositing, lending and providing liquidity on the JUST network, or by completing a number of other activities such as participating in special campaigns.

According to the initial IEO on Poloniex, the full supply of JST tokens is distributed as follows:

JUST the price today is ₽4.02 rubles. with a daily trading volume of ₽12,443,398,342 We update our JST to RUB price in real time. JUST is down 7.58 in the last 24 hours. The current CoinMarketCap rating is #149 with an income capitalization of RUB29,361,072,111. The circulating supply is 7,300,425,000 JST coins and max. offer 9,900,000,000 JST coins.

Sale of seeds: 11%

Public sale (LaunchBase distribution): 4%

Strategic partnership: 26%

Team: 19%

Airdrop (TRX holders only): 10%

Ecosystem: 30%

Additional information about the distribution of JST tokens, including the details of the vesting period of the JUST team and its inflation rate, is currently unknown. However, it is known that all team tokens will be fully transferred by April 2022.

As a TRC-20 token, the JUST network is secured by the underlying TRON blockchain.

Unlike other platforms that use a power-hungry Proof-of-Work (POW) consensus mechanism to maintain the integrity of the blockchain and prevent potential attacks, TRON uses a power-saving delegated proof of stake (dPOS) system.

This means that TRON (TRX) token holders elect super representatives who are tasked with generating blocks and packaging transactions. Together, the 27 Super Representatives are responsible for securing the network.

The JUST Token (JST) has high liquidity and can be traded on some of the most well-known exchange platforms, including Binance, Poloniex, OKEx, and Bithumb. As of January 2021, the most popular trading pairs for JST include JST/USDT, JST/KRW, and JST/BTC.

Several cryptocurrency exchanges also support direct JST purchases. To learn more about buying cryptocurrency with a credit or debit card, check out our simple guide.