Quick Guide about JUST (JST) and Its Stablecoin $USDJ
The Next Generation of DeFi on TRON. JUST is committed to developing TRON-based DeFi protocols and aims to provide all-in-one financial solutions to its users
Introduction to JUST (JST)
Built for the TRON blockchain, JUST is a well-liked new decentralized finance (DeFi) ecosystem. It is a whole range of products, most of which are based on the JustStable decentralized stablecoin lending platform.
After an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier in the year, the platform was officially launched in August of that year, while its native governance token (JST) has been in circulation since May of that year.
Two-Coin Ecosystem — $USDJ Stablecoin and $JST Token
The USDJ and JUST (JST) are the foundation of this two-coin ecosystem. USDJ is a multi-collateral stablecoin whose value is tied to the value of the US dollar, while JST performs a variety of tasks on the platform, such as paying interest, assisting with platform maintenance, and participating in governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio (USD).
To earn $USDJ on JUST, traders must deposit collateral in the form of supported collateral tokens like TRON (TRX), which are exchanged into $PTRX tokens and locked as collateral (CDP). Users can then manufacture and withdraw $USDJ in accordance with the amount of collateral placed, but they must subsequently pay it back to get their original collateral back.
The platform’s goal is to provide any TRON (TRX) user access to a fair and open hub of DeFi products.
JUST features are as follows:
Trust & Authorization-free
Access and availability for everyone, free of authorization from third parties; all transactions are automatically executed by smart contracts, free of third party as a medium.
Standard & Interoperability
Standardized financial protocol and contract-based DeFi factors. Protocols can be overlaid to create more potential scenarios.
Secure
Users face minimal risks as financial business logic is implemented by smart contracts, with which on-chain actions are traceable and third-party audit can be strictly enforced.
Decentralization
JST holders can jointly govern the JUST community and make decisions on incentives, pooling efforts for building the next-generation DeFi ecosystem.
Team
Where to Store JUST (JST)
The most efficient and well-known wallet on the Tron network is the TronLink wallet. A decentralized, user-friendly wallet that has a full coverage of tokens, which include TRX, TRC-10, TRC-20, and TRC-721 tokens. Available on Android, iOS, desktop, and as a browser extension. It is the perfect wallet to securely store $JST tokens.
You can store your JUST (JST) in Exodus along with various other cryptocurrencies. Exodus is free and easy to use, and it can be downloaded to either a desktop or mobile device. Exodus will then be tied to whichever device it has been downloaded to, which will also be the device you will use to access and manage your crypto assets.
You can also store JUST (JST) coins in a compatible HyperPay wallet, the world’s first wallet that is integrated with both off-chain and on-chain wallets.
Where to Buy and Sell JUST (JST)
You can Buy & Sell JUST (JST) by heading over to the Buy Coins page of our website. JUST (JST) is available on BC Bitcoin, trading against major fiat currencies: GBP and EUR. Buying $JST has never been easier, simply place your order and provide your wallet address. Once your payment arrives, JUST (JST) will be sent directly to your wallet.
If you choose to Sell JUST (JST) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
JUST (JST) Resources
Website: https://just.network/
Block Explorer: https://tronscan.org/
Twitter: https://twitter.com/defi_just
Medium: https://trondao.medium.com/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers' responsibility to complete their own research and due diligence.
