JUST (JST) is a project built on the TRON network, aiming to provide a decentralized, fair financial system, stable lending and governance mechanism for users around the world.

The JUST platform comes in two forms of tokens. The first is USDJ – a stablecoin pegged 1:1 to USD and created by depositing TRX coins through JUST’s CDP portal. The second token is JST – used to pay interest, maintain the platform, participate in governance through voting and other activities on the JUST platform.

Users can generate USDJ stablecoin by depositing TRX collateral. The project is operated by all members of the JUST community, based on the amount of JST they hold. Proposals for the project are voted on and determined by all stakeholders.

What is JST?

JST is a token of the JUST platform, whose main purpose is to pay off loans and is built on the TRC-20 platform.

JST was launched for IEO on Launchbase Poloniex in early 2020, but most users were unable to purchase tokens. However, its price after the IEO has increased sharply (about 5 times).

What is the JST token used for?

JST is one of the two tokens of the JUST system.

JST has the following roles:

• JST – used to pay interest.
• JST holders can participate in system administration and other activities through voting using JST.
• JST holders can join the TRON ecosystem, such as dApps.

What is USDJ stablecoin?

USDJ is a new currency created through decentralized smart contracts on the TRON network. Anyone can mortgage TRX as collateral to generate USDJ.

The creation of USDJ is completely free, as long as TRX is used as collateral. USDJ is committed to pegging to the US dollar at a 1:1 USDJ:USD ratio through collateralized debt positions (CDPs).

USDJ will become an integral part of the TRON DeFi ecosystem.

Features of JUST

Stable

USDJ is backed by a huge reserve of assets to maintain price stability.

User-friendly

Fast, efficient and almost free USDJ remittance service based on TRON network.

Borderless

Available to anyone to open a free account and own USDJ anytime, anywhere.

Safe

The world’s leading level of security is provided by blockchain-based smart contracts.

Equal

Anyone holding JST can participate in the governance of the USDJ monetary system, then gain decentralized autonomy, true fairness.

Favorable

The JUST system has access to the thriving TRON ecosystem and a large number of dApps, providing everyone with many profitable opportunities.

Development team

The JUST platform has a dynamic and elite team. In the engineering team, 50% of employees are from Alibaba, Tencent, IBM and other world-class Internet companies, with rich experience in product design and development.

JUST’s financial analysis team comes from a number of global investment banks and executive teams with experience in blockchain operations. At the same time, JUST is also a comprehensive supporter of the TRON ecosystem.

Conclude

JUST is a decentralized finance (DeFi) platform, so the project will face competition from other blockchain projects such as MakerDAO, Constant…

The project needs to offer attractive incentives and strong marketing so that many people know about the project. Although this platform is still quite new, DeFi is a trend and will be the future, with the help of Poloniex, Justin Sun… hope that the project will develop strongly.

You can see the JST price here.

According to AZCoin News

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