Introduction to Just (JST)
JUST(JST) is a DeFi platform built on TRON blockchain aiming to offer comprehensive financial solutions to users worldwide.
As DeFi ecosystem JUST includes suite of products designed to provide wide range of services such as lending, borrowing, stablecoin issuance and decentralized exchanges.
The platform is dedicated to creating an inclusive financial system that is fair, borderless and accessible to anyone with an internet connection.
The main objective of JUST is to democratize access to financial services enabling users to leverage advantages of blockchain technology to manage their assets more effectively and securely.
The platform operates on a dual-token system involving USDJ and JST tokens.
USDJ is multi-collateral stablecoin pegged to US dollar ensuring stability and predictability in its value.
Users can generate USDJ by depositing collateral assets into system which are then locked in smart contract to back stablecoin.
This mechanism ensures that USDJ maintains its peg to dollar providing reliable medium of exchange and store of value within DeFi ecosystem.
JST, the governance token of platform plays a vital role in maintaining and evolving ecosystem.
Token holders have right to participate in governance of platform by voting on proposals that affect system’s parameters and overall direction.
This decentralized governance model ensure that platform remains resilient adaptable and aligned with interests of its community.
JST tokens are also used to pay interest and stability fees within ecosystem further integrating them into platform’s financial operations.
The primary objective of JUST system are multifaceted.
It aims to offer robust and reliable stablecoin solution through USDJ providing users with stable and secure digital currency.
Second JUST seeks to create decentralized lending and borrowing marketplace through JustLend where users can earn interest on their assets or take out loans with minimal friction.
Thirdly, the platform includes JustSwap an automated market maker that facilitates trustless token swaps and liquidity pool creation.
Additionally platform features JustLink, a decentralized oracle system connects smart contracts on TRON network with real world data enhancing reliability and functionality of DeFi applications.
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The Origins of Just
The origins of platform can be traced back to rapid evolution of DeFi space and growing demand for decentralized financial solutions on TRON blockchain.
Launched in August 2020 following successful initial exchange offering on Poloniex LaunchBase, JUST was developed to address limitations of traditional finance and to harness benefits of blockchain technology for more inclusive and efficient financial system.
The development of platform was spearheaded by JUST Foundation that brought together team of experts from some of world’s leading technology and financial institutions.
Key contributors to project include individuals with backgrounds from companies like Alibaba, Tencent and IBM as well as experienced blockchain engineers and financial analysts from global investment banks.
This diverse team of professionals provided technical expertise and strategic vision necessary to build robust and scalable DeFi platform.
One of significant milestones in early development of JUST was its close association with TRON network and its founder Justin Sun.
Announced by Sun himself, platform received substantial technical and financial support from TRON Foundation.
This partnership was crucial in ensuring seamless integration of JUST into TRON ecosystem leveraging TRON’s high-performance blockchain infrastructure to provide fast, efficient and cost-effective transactions.
Early on JUST also formed strategic partnerships with several key players in crypto and blockchain industry.
These partnerships were instrumental in building strong foundation for ecosystem enabling platform to attract liquidity, users and developers.
For instance collaboration with Poloniex for IEO not only provided initial funding but also helped in establishing credibility and visibility within crypto community.
The early contributors to JST ecosystem were pivotal in shaping its direction and growth.
Terance F, a blockchain expert with experience at Barclays and IBM played a significant role in technical development of platform.
Elvis Zhang senior developer and blockchain researcher contributed to system’s architecture and implementation.
While C Wu, a specialist in wallets and exchanges and GL Kong an early crypto adopter and blockchain engineer also brought valuable insights and expertise to project.
As platform evolved community around JUST grew with JST holders playing an increasingly important role in its governance.
This decentralized approach to decision making ensured that platform remained aligned with needs and interests of its users fostering sense of ownership and collaboration within community.
How Does Just (JST) Work?
Core Mechanisms of the JUST System
The core of JUST system is Collateralized Debt Positions or in short CDPs that are essential for generating USDJ, platform’s stablecoin.
CDPs allow users to lock up collateral in form of supported assets such as TRON (TRX) to mint new USDJ tokens.
This process begins with users exchanging their TRX for PTRX, the collateral token recognized by JUST platform.
Once users have obtained PTRX they create CDP by sending transaction to JUST platform.
This involves depositing PTRX tokens into CDP smart contract.
The amount of USDJ that can be generated depends on value of deposited collateral.
The smart contract ensures that generated USDJ is backed by sufficient collateral maintaining stability and security of system.
To generate USDJ CDP holder specifies amount of USDJ they wish to mint.
Correspondingly a debt is created and collateral is locked within CDP until debt is repaid.
This debt must be settled using USDJ along with stability fee paid in JST.
Once debt and fees are cleared collateral can be redeemed allowing you to retrieve initial assets.
If value of collateral falls below certain threshold making it insufficient to cover debt the CDP undergoes liquidation.
In such cases collateral is auctioned off to repay debt ensuring system remains solvent.
Any remaining value after covering debt and penalty fees is returned to CDP holder.
The Role of JST in the USDJ Stablecoin System
JST plays a crucial role in both governance and operational aspects of JUST platform.
As a governance token JST allow holders to participate in decision-making process of system.
JST holders can vote on proposals that affect various parameters of the JUST ecosystem such as stability fees, collateralization ratios and risk management strategies for Stablecoin system.
When someone generate USDJ by creating CDPs they are required to pay stability fee which is calculated based on amount of USDJ generated and duration for which debt remain outstanding.
This fee is paid in JST and serves as form of interest on borrowed stablecoin.
The collected JST from stability fees is burned reducing total supply of JST and potentially increasing value over time.
The USDJ Stablecoin - Stability Through Innovation
USDJ the stablecoin of JUST system is designed to maintain stable value pegged to US dollar through an innovative price stability mechanism.
The initial target price of USDJ is set at 1 USD and system employs Target Rate Feedback Mechanism to manage price fluctuations and maintain stability.
The TRFM works by adjusting target rate based on market conditions.
If market price of USDJ falls below target price, the target rate increases making it more expensive to generate new USDJ through CDPs.
This discourages creation of additional USDJ reducing supply and helping to push price back up towards target.
Conversely if market price of USDJ exceeds target price the target rate decreases encouraging creation of more USDJ and increasing supply to bring price down.
In event of significant market instability or system attack JUST platform has global settlement mechanism to protect users and maintain trust in system.
Global settlement can be triggered by designated global settlers if price of USDJ deviates drastically from US dollar.
Once activated creation and adjustment of CDPs are halted and Price Feed is frozen.
Keepers in JUST system then auction collateral and debt based on fixed Price Feed ensuring that all USDJ and CDP holders can claim their assets fairly.
The global settlement process is crucial for maintaining integrity of ecosystem during extreme conditions.
It provides safety net for investors making sure that their assets are protected and that system can recover from potential disruptions.
This mechanism reinforces stability and reliability of USDJ making it trusted and integral part of TRON DeFi landscape.
Just (JST) Tokenomics: Understanding the Economic Model
Distribution and Allocation of JST Tokens
JST has fixed total supply of 9.9 billion tokens that are distributed according to a well-thought-out strategy to ensure broad participation and long-term sustainability.
The distribution plan involves several key stakeholders each allocated specific portion of total supply to serve different roles within ecosystem.
- 11% of total supply was allocated to seed sale
- 4% of JST tokens were distributed through public sale on Poloniex LaunchBase
- 26% was reserved for strategic partnerships
- 19% of JST tokens were allocated to team
- 10% of were distributed through airdrops to TRX holders
- Remaining 30% of total supply was allocated for ecosystem development
The carefully planned distribution and allocation of JST tokens ensure that all key stakeholders from early investors and strategic partners to development team and broader community are strategically incentivized to contribute to platform’s growth and success.
Utility and Use Cases of JST Tokens
JST tokens are designed to serve multiple functions within JUST ecosystem making them versatile asset for users and stakeholders.
One of the primary uses of JST is in governance of JUST platform.
Holders can participate in decision making process by voting on proposals that affect various aspects of platform’s ecosystem.
In addition to governance JST tokens are used to pay stability fees.
When someone generate USDJ by creating Collateralized Debt Positions they are required to pay stability fee in JST.
This fee is form of interest on borrowed USDJ and helps to regulate supply of stablecoin within ecosystem.
The JST collected as stability fees is burned reducing total supply of token and potentially increasing its value over time.
Native token also play crucial role in maintaining security and efficiency of platform.
For instance during global settlement events JST tokens can be used to claim collateral from liquidated CDPs ensuring that investors can recover assets in times of extreme market volatility.
This mechanism reinforces stability and trustworthiness of platform.
How to Purchase Just (JST) Tokens
Step-by-Step Guide to Buying JST
Acquiring JST is easy process as it is listed on almost all popular top tier exchanges including but not limited to Binance, Bybit, OKX and more.
If you are a beginner, below is detailed step-by-step guide to help you through process of how you can easily buy it through exchanges like Binance:
- First of all visit official Binance website and If you do not already have an account click on “Register” button.
- Fill in details including email and password.
- Complete any additional verification steps required such as email verification or identity verification.
- After registering log in to your Binance account using email and password.
- Navigate to “Wallet” section and select “Fiat and Spot.”
- Click on “Deposit” and choose preferred method of funding account.
- You can deposit cryptocurrencies like BTC or ETH, or you can use fiat currencies through bank transfer or credit card.
- Once account is funded go to “Trade” section and search for JST.
- You can find trading pairs like JST/USDT.
- Click on pair and navigating through traditional order book enter amount of JST you want to purchase and choose between market order or a limit order to place ‘Buy Order’.
- After purchase is complete go back to “Wallet” section and your purchased JST amount will reflect.
Setting Up a Wallet for JST
Choosing right wallet for storing JST tokens is crucial for ensuring security.
For maximum security consider using hardware wallet like Ledger Nano S, Ledger Nano X, or Trezor that store private keys offline and are immune to online hacking attempts.
If you prefer software wallet choose one that supports TRC-20 tokens such as Trust Wallet, Atomic Wallet or Exodus.
To set up your wallet visit the official website of wallet provider and download application following installation instructions.
Create a new wallet by generating new wallet address and securely backing up your seed phrase.
Make sure to never share seed phrase with anyone.
If JST is not already listed, add it as a custom token by entering correct contract that can be found on official website or crypto database platforms like CoinmarketCap.
Lastly don’t forget to enable 2FA and biometric lock if available to further advance your security.
The Future of Just (JST) and Its Impact on DeFi
The future of project looks promising as it continues to expand and innovate within DeFi sector.
The platform plans to roll out several new features and updates aimed at enhancing its usability security and functionality.
These include advanced governance mechanisms new DeFi products, and broader integrations with other blockchain ecosystems.
JUST also plans to expand its suite of financial products beyond current offerings of JustStable, JustLend DAO, JustSwap and JustLink.
Project is exploring development of new products that can cater to growing needs of DeFi users.
These might include advanced derivatives trading more efficient cross-chain asset transfers and enhanced liquidity pools.
The impact of JUST on DeFi sector is already significant and its potential continues to grow.
By providing a stable, secure and efficient platform for lending, borrowing and trading JUST is helping to democratize access to financial services.
Its integration with TRON network also means it benefits from TRON’s high-speed transactions and low fees making DeFi more accessible to a global audience.
Conclusion: Why Just (JST) Matters in Crypto
In the end, I would say JUST hold crucial place in decentralized finance landscape especially in TRON ecosystem offering a comprehensive suite of financial services that leverage power of TRON blockchain.
Its ability to provide stablecoin issuance, decentralized lending and borrowing, trustless token swaps and secure oracle services positions it as pivotal player in DeFi sector.
The platform’s decentralized governance model empowers community ensuring that system evolves in a way that benefits everyone not just team or insiders..
We Coin-Labs.com provides only objective information about Just (JST).
Therefore, we are not responsible for the investment decision in Just (JST) and the resulting loss.
Just (JST) Basics
Here are some factors that investors should consider before investing in Just (JST).
| Cryptocurrency Features | Just (JST) (JST) |
|---|---|
| Publisher or Developers | JUST Foundation |
| Headquarters (Registration Number) | |
| Symbol | JST |
| Platform | |
| Published Date (CMC Registration) | 2024-09-14 |
| Max Supply | 9,900,000,000 JST |
Reliability Score of Just (JST) in 2024
These are indexes mesuring the investment reliability of Just (JST) conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 7 Exchanges |
| Number of Available Pairs Worldwide | 145 Pairs |
| Market Cap of the Cryptocurrency | 260,131,085 USD (Rank #171) |
The table above shows the result of investment suitability evaluation for Just (JST).
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Just (JST) Price
Here are the price and recent trading volume of Just (JST). (Data of 2024-09-15 01:45:00)
| Price Items | Price and Trading Volume of Just (JST) |
|---|---|
| Just (JST) Price | 0.028 USD |
| Price Change 24h | -0.10% |
| Price Change 7d | 0.26% |
| Trading Volume 24h | 15,973,254 USD |
| Trading Volume Change 24h | 8.25% |
Cryptocurrency Metadata
You can check the development status and social media information of Just (JST) through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | https://just.network/#/ |
| 📖 White Paper | https://www.just.network/docs/white_paper_en.pdf |
| 🛰️ Source Code (GitHub) | |
| https://twitter.com/defi_just | |
| 🎺 Message Board | https://medium.com/@TronFoundation/the-testnet-of-the-tron-based-stablecoins-lending-platform-successfully-completed-platform-662e0649209f |
Where to Buy Just (JST)
Here are the top ten world crypto exchanges where traders can buy Just (JST) in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/JST_USDT |
| Coinbase | Not listed | |
| Kraken | Not listed | |
| KuCoin | Listed | https://www.kucoin.com/trade/JST-USDT |
| Bitfinex | Listed | https://trading.bitfinex.com/t/JST:BTC?type=exchange |
| OKX | Listed | https://www.okx.com/trade-spot/jst-usdt |
| Huobi | Listed | https://www.htx.com/trade/jst_usdt |
| Bitstamp | Not listed | |
| Bybit | Listed | https://www.bybit.com/en/trade/spot/JST/USDT |
| Gate.io | Listed | https://www.gate.io/trade/JST_USDT |
Frequently Asked Questions
What is the current price of Just (JST)?
Just (JST) price today is 0.028 USD. Furthermore, the price of Just (JST) has fluctuated by -0.10% from 24 hours ago, and by 0.26% from a week ago.
Where is Just (JST) listed?
Currently, it is listed on a total of 7 among the world top 10 exchanges.
What is the market cap of Just (JST) now?
Currently, Just (JST) has a market cap of 260,131,085 USD, which is ranking 171 among cryptocurrencies worldwide.
How much is the trade volume of Just (JST)?
Currently, 9,900,000,000 JST coins are circulating through 145 market pairs. As a result, in the last 24 hours, 15,973,254 USD of JST coins were traded in the market.
