JUST is a popular new TRON-based decentralised finance (DeFi) platform.
JUST has gained 7.60% in the previous 24 hours. With a live market cap of $204,204,753 USD, the current CoinMarketCap ranking is #197. It has a circulating supply of 2,260,326,706 JST coins and a maximum supply of 2,260,326,706 JST coins. 9900,000,000 JST coins are available for purchase.
About JUST JST
The platform went live in August 2020, following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that year, but the network’s native governance token (JST) has been in circulation since May of that year.
The USDJ and JUST (JST) tokens form the foundation of this two-token ecosystem.
Unlike USDJ, which is a multi-collateral stablecoin, JST has a range of tasks on the platform, including paying interest, helping maintain the channel, and participating in its governance, as well as helping to establish variables such as lending rates (stability costs) and the minimal liquidity proportion.
What is JUST JST?
The network is intended to serve as a fair and borderless marketplace for DeFi items, accessible to any TRON subscriber.
On contrary with other platforms that employ the energy-intensive proof-of-work (POW) consensus process to protect the integrity of the blockchain and fend off potential attacks, TRON uses the energy-efficient delegated-proof-of-stake (dPOS) method.
Participants can then mint and withdraw USDJ, which must be reimbursed to retrieve the initial security, based on the quantity of securities deposited.
Who Are the Founders of JUST JST?
The JUST ecosystem is overseen by the JUST Foundation, which comprises individuals from Alibaba, Tencent, IBM, and “other world-class digital enterprises,” while JUST’s financial research team comes from “many global investment banks,” according to the project website.
The most talented individuals behind the creation of JUST include Terance F, Elvis Zhang, C Wu and GL Kong.
What Makes JUST JST Unique?
Following are the complimentary features which are added by JUST to increase user utility:
JustStable is JUST’s flagship multi-collateral decentralised stablecoin platform.
JustLend is a TRON-based money market system that allows users to contribute liquidity to lending pools and obtain low-interest cryptocurrency loans.
JustSwap is another automated market maker (AMM) platform for trustless TRC-20 token swaps and the development of permissionless liquidity pools.
JustLink is the first decentralised oracle system for the TRON network, used to safely deliver real-world facts to smart contracts.
Lastly the assets from other blockchains that have been tokenized on TRON and may be utilized within the JUST ecosystem, such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Where Can You Buy JUST JST?
JUST (JST) is based upon liquid assets coin that can be traded on a number of well-known exchange platforms, including Binance, Poloniex, OKEx, and Bithumb. Most prominent JST trading pairs include USDT, KRW, and BTC as of January 2021.
Frequently Asked Questions About JUST JST
How Many JUST JST Coins Are In Circulation Currently?
Since about January 2021, a total of 2.26 billion JST were in circulation, out of a maximum quantity of 9.9 billion. This is about a quarter of the total supply.
What Security Measures Does the JUST JST Take?
Since the JUST Network coin is a TRC-20, its security is provided by the TRON channel’s underlying blockchain.
On What Factors Does The Price Of The JUST JST Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact JST’s price and market cap.
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it’s wide enough to quote that JUST JST tokens have been upgraded to a new all-time high translation volume of almost $0.092 U.S Dollars per token.
In a nutshell, JST has blessed online traders to enjoy trading luxuries globally with the provision of ease through its secure, diverse, and viable transactional policies.
JUST JST Official Website –https://just.network/#/
JUST JST Twitter –https://twitter.com/defi_just