JUST

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is JUST?

JUST (JST) is a cryptocurrency launched in 2020 on the Tron20 platform. It is the native token for the JUST ecosystem, a decentralized finance (DeFi) system that includes various products centered around JustStable, a decentralized stablecoin lending platform. JST is used for governance and protocols within the ecosystem and can be earned through mining, trading, and participating in contests.

How is JUST used?

JUST (JST) is a decentralized finance (DeFi) ecosystem operating on the TRON network. It provides a variety of services, including a decentralized stablecoin lending platform called JustStable, a money market protocol called JustLend, an automated market maker (AMM) platform called JustSwap, and an oracle protocol called JustLink. JST is used for several purposes within the ecosystem:

  1. Paying Fees: JST is used to pay fees within the JUST ecosystem.
  2. Governance: JST is the exclusive token for governance, allowing holders to participate in decision-making processes through voting or submitting proposals.
  3. Incentives: JST can be earned through processes like mining, participating in campaigns, trading, or direct purchase on crypto exchanges.
  4. Interest Payments: JST is used to pay interest to users who provide liquidity to the lending pool.
  5. Platform Maintenance: JST is used to help maintain the platform and ensure its smooth operation.

Overall, JST plays a central role in facilitating the various functions and services within the JUST DeFi ecosystem.

How do I store JUST?

To store JUST (JST) tokens, you can use various wallets that support JST. Here are some options:

  1. Atomic Wallet: Atomic Wallet fully supports JST tokens, allowing you to store, manage, exchange, and buy over 500 crypto assets, including JST.

  2. Guarda Wallet: Guarda offers a secure and user-friendly platform for managing JST tokens. You can create an online, mobile, or desktop wallet to store, buy, send, receive, and stake your JST tokens. Guarda is a non-custodial wallet, ensuring you have full control over your funds.

  3. Bitcompare: Bitcompare provides a step-by-step guide on how to stake JST tokens. It recommends choosing a suitable JUST wallet to store your tokens before delegating them.

These wallets provide a secure and convenient way to manage your JST tokens.

How to buy JUST?

To buy JUST (JST) tokens, you can follow these steps:

  1. Create an account: Register on a cryptocurrency exchange that supports JST, such as Binance or Pionex. You can do this on their website or through their mobile app.

  2. Verify your account: Complete the Know-Your-Customer (KYC) verification process to enable transactions.

  3. Choose a payment method: Select a payment method to buy JST. Options include credit cards, debit cards, bank wire, and ACH transfer. Some methods are specific to US citizens.

  1. Buy JST: Enter the amount of JST you want to buy and complete the transaction. You will receive your JST tokens instantly after the transaction is verified.

Additionally, you can also use other exchanges like Bitcompare, which provides detailed instructions on how to buy JST.

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History of JUST

JUST (JST) is a decentralized finance (DeFi) ecosystem built on the TRON blockchain. The platform was launched in August 2020, following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that year. However, the native governance token, JST, has been circulating since May 2020.

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How JUST works

JUST (JST) is a decentralized finance (DeFi) network built on the Tron blockchain. It operates through a variety of interconnected components, each designed to provide specific financial services.

JustStable

The core of the JUST ecosystem is JustStable, a decentralized stablecoin lending platform. This platform allows users to lend their stablecoin holdings to earn interest. The stablecoin used in this system is USDJ, which is pegged to the US dollar at a 1:1 ratio. Users can stake TRX (Tron's native cryptocurrency) via JUST's Collateralized Debt Position (CDP) portal to generate USDJ.

Governance and Token

The governance of the JUST network is managed through the JST token. JST token holders have the authority to propose and vote on network modifications, handle community complaints, and make other critical decisions. This decentralized governance ensures that the network is maintained and improved through community consensus.

Lending DAO

The lending DAO (Decentralized Autonomous Organization) is a key feature of the JUST network. It allows users to borrow, lend, deposit assets, and earn interest. This lending platform operates on the Tron blockchain, ensuring that all transactions are executed through self-executing smart contracts, reducing the need for third-party authorization.

JUST Cryptos and Bridge

JUST Cryptos is a bridge that connects premium cryptocurrencies from the Tron network and other public chains. This bridge enables the seamless transfer of assets between different blockchain ecosystems, expanding the reach and utility of the JUST network.

Other Components

In addition to these core components, the JUST network includes other services such as JustLend, a money market protocol that allows users to add liquidity to lending pools; JustSwap, an Automated Market Maker (AMM) platform for trustless token swaps; and JustLink, a decentralized oracle system that provides real-world data to smart contracts.

Tokenization

The JUST network also allows for the tokenization of assets from other blockchains, enabling the creation of wrapped versions of these assets on the Tron blockchain. This feature supports the integration of assets like Bitcoin, Ethereum, and Litecoin into the Tron ecosystem.

Overall, the JUST network provides a comprehensive DeFi ecosystem that offers a range of financial services, from lending and borrowing to token swaps and governance, all built on the Tron blockchain.

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JUST's strengths

JUST (JST) is a dynamic DeFi platform that offers a range of decentralized financial solutions, including JustStable, JustLend, JustSwap, and JustLink. The platform operates on the TRON network and provides a suite of products centered around a decentralized stablecoin lending platform called JustStable. Here are some of the key strengths of JUST (JST):

  1. Comprehensive DeFi Ecosystem: JUST offers a comprehensive suite of DeFi products, including a stablecoin lending platform, a money market protocol, an AMM, and an oracle protocol. This allows users to access various DeFi functionalities within a single ecosystem, making it convenient and beneficial for users.

  2. Governance and Incentives: JST is the platform’s exclusive token for governance and is used for various functions such as paying interest, maintaining the platform, and participating in governance. Additionally, JST can be earned through processes like mining, making it an incentive token.

  3. Stablecoin and Lending: JustStable provides a collateral-based stablecoin, USDJ, which is pegged to the US dollar at a 1:1 ratio. This stablecoin offers stability and reliability in a volatile market, making it an attractive payment option for businesses and individuals.

  1. Fast and Secure Transactions: JST transactions are known for their speed and security, thanks to the TRON network technology. This eliminates the need for intermediaries and reduces the risk of fraud, providing a seamless and efficient payment experience.

  2. Lower Transaction Fees: Compared to traditional payment providers, JST transactions come with significantly lower fees. This is because JST operates on a decentralized network, eliminating the need for intermediaries and the associated costs.

  3. Global Market Access: By accepting JST, merchants can tap into a global market of cryptocurrency enthusiasts, expanding their customer base and revenue potential.

  1. Integration with DeFi Ecosystem: JST is part of the decentralized finance (DeFi) ecosystem, allowing merchants to unlock new financial opportunities such as participating in decentralized lending and borrowing protocols.

These strengths make JUST (JST) an attractive option for those looking to engage in decentralized finance and leverage the benefits of blockchain technology.

JUST's risks

JUST (JST) has a moderate risk score, indicating that it is a relatively moderate risk investment. This assessment is primarily based on risk assessment considerations, suggesting that investors should be cautious when investing in JST due to the potential risks involved.

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Did JUST raise funds?

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JUST’s team

  • Justin Sun: The team behind JUST is led by Justin Sun, a well-known figure in the crypto world and the founder of TRON. He initiated JUST in the third quarter of 2020 as an extension of the TRON network, aiming to enrich its parent ecosystem.

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