JUST is a comprehensive DeFi ecosystem on the TRON blockchain, offering all-in-one financial solutions to its users. The company’s 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 lets users access DeFi services on the TRON ecosystem, driving financial inclusion and democratizing opportunities to invest and profit 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, used primarily for dApp governance. Users can earn JST tokens through mining, trading, and engaging with protocols supported by JUST.
JUST is a two-token ecosystem built on TRON and consists of three key pillars:
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.
The JustLend DAO is TRON’s first official lending platform. The DeFi platform lets users lend, deposit, and earn attractive interest on their digital asset holdings. The peer-to-peer platform supports automatic order matching, offers lucrative returns, and makes the most of TRON’s efficient infrastructure to maximize yields for DeFi consumers on the blockchain.
The Just Cryptos bridge supports token swap and transfer of cross-chain tokens between TRON and other public blockchains from 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 publishes information on the total supply, total reserve, and breakdown of each digital asset it supports for complete trust and transparency.
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 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 put up for the 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 went on to raise $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.
Period | Change | Change (%) |
---|---|---|
Today | $0.00044 | 1.28% |
7 Days | $0.00397 | 12.78% |
30 Days | $0.00526 | 17.66% |
3 Months | $0.00698 | 24.88% |
JUST could be a good investment as the DeFi market across TRON and other blockchains experiences growth. It could be worthwhile to invest in JST if you wish to diversify your portfolio beyond leading altcoins in the market.
One of the significant challenges the JUST price could encounter as it attempts an uptrend is still competition from other DeFi projects on TRON. In addition, TRON’s DeFi market also faces considerable competition from other blockchains like Ethereum, which has a more evolved and stable DeFi market.
However, the proliferation of decentralized finance projects could encourage more investor confidence in established offerings such as JUST. Such a sentiment could power the price of JUST crypto and lend a boost to the JST price statistics.
Although it is impossible to offer an accurate JUST price prediction over any duration, the project does enjoy support from several strong fundamental factors. It provides a robust and complete DeFi ecosystem on TRON and is backed by Justin Sun, one of the most well-known influencers in the crypto market.
The value of JUST could pick up amid higher adoption of its services by users and dApps. As more users invest in the USDJ stablecoin, JUST price could trend higher and give back solid gains to early investors.
In addition to rising adoption, the JST price could also register an uptick powered by an improvement in the market sentiment towards cryptocurrencies. An intense risk-on mood among the global financial markets encourages buying activity across the crypto market, supporting the price of JUST and other digital assets.
JST is a TRC-20 token and serves as the native cryptocurrency of the JUST DeFi ecosystem. Here are some of its applications:
The JST functions as the governance token for dApps and protocols operating within the JUST ecosystem. As a JST token holder, you are eligible for decentralized voting rights on proposals that decide the project’s future direction.
As a consumer, you can mine JST coins by interacting with the JUST ecosystem. You can mine JST and grow your holdings when you deposit, lend, provide liquidity, or perform other financial transactions using JUST.
As the native digital asset of one of the largest DeFi projects on TRON, JST is an attractive cryptocurrency to trade or invest in. You can buy or sell JUST against other cryptocurrencies or hold it long-term if you believe in the project’s future potential. Review the current price of JUST, JST market cap, circulating supply, and 24-hour trading volume, and perform technical, fundamental, and sentiment analysis on the JST live price chart before you trade JUST crypto.
You can also invest in JST if looking for a risk-free and safe way to grow your crypto portfolio. Head to the KuCoin Crypto Lending page to lend liquidity for JST on our platform. Earn attractive daily interest over seven days, 14 days, or 28 days for your contribution by putting your crypto investment to work.
The max supply of JST coins is set as 9.9 billion. As of August 2022, of the total supply, the circulating supply of JST stands at a little over 8.9 billion.
The circulating supply of JUST coins varies depending on the ecosystem’s activity level. As the on-chain activity picks up, the mining of JST increases. This could change the supply of JST tokens in the market as more tokens are mined and enter circulation in the market.
There are several ways to earn JST coins. Let’s look at some of them below:
You can mine JST by interacting with the JUST ecosystem. Use the platform to borrow, deposit, lend liquidity, and other transactions to mine and earn JST.
Some exchanges and platforms support staking JST. This is a convenient way to earn JST by locking up your holdings for a specific period and earning attractive APYs. Perform careful online research to find the most reliable platform where you can stake JST and earn exciting rewards for your contribution.
This is one of the safest ways to grow your JST holdings. For instance, KuCoin offers the Crypto Lending feature, which you can use to lend liquidity for JUST on our exchange. You can earn attractive returns for lending liquidity and earn JST for your efforts.
Complete Tasks to Earn Free Tokens Every Day