JUST – JST
JUST is creating the ultimate financial infrastructure for the 2nd largest blockchain by TVL, TRON
It’s only right that we take a deep dive…
This is a Project Review on JST.
The JUST Protocol was founded by Justin Sun and launched in 2020 with a mission to build essential DeFi products specifically for the TRON blockchain, that will help it scale and develop into its ultimate form.
Currently, JUST has three different decentralised financial products known as:
JustStable – which is powered by the native JUST stable coin, $USDJ and allows users to lend/borrow stablecoins. $USDJ has many available collateral pairs to choose from.
Essentially, JustStable is a yield-farming protocol for stablecoins allowing users to access any liquid they desire. Users can also hold $USDJ and participate in future governance proposals, giving the community full power over the JustStable platform.
JustLend DAO – is a lending platform for various types of tokens available on the TRON Blockchain. JustLend allows users to borrow, lend and deposit cryptocurrencies. If you’re lending, expect to earn interest and if you’re borrowing, expect very low-interest rates!
JustCryptos – is the bridge that unites #TRON with other major blockchains, such as Bitcoin, Ethereum, Litecoin and Dogecoin. JustCrypto is even capable of bridging NFTs from Ethereum over to TRON.
JustCryptos makes it easy and safe to swap any major cryptocurrencies into TRC-20 tokens. Once assets are bridged over, they are all stored and can be swapped on the Poloniex exchange.
The JUST network is branched off from the TRON blockchain and runs on the Delegated Proof-of-Stake (DPoS) consensus mechanism to maintain and ensure that the TRON blockchain is secure.
The JUST network runs on a Two-Token system, $JST and $USDJ.
$JST is the governance token of the entire ecosystem of JUST protocols and can also be used to mine more $JST by lending, depositing, providing liquidity and/or other financial products that offer rewards!
$USDJ we previously mentioned above, however simply put $USDJ is a decentralised collateral-based stablecoin which is pegged to USD and can also be earned through staking and trading in various parts of the JUST ecosystem.
As I mentioned at the beginning of this thread, TRON is the second-largest blockchain by TVL, just behind Ethereum. TRON has a Total Value Locked (TVL) of over $11B and the JUST network makes up over $7.5B of that, 68% to be precise…
If you are interested in buying the $JST token, it is available on the ByBit CEX and we are currently running some UNMISSABLE promotions that you can take advantage of by using this link – http://partner.bybit.com/b/ACGPartner
At the time of writing, the $JST token is sitting at a price of $0.035 with a market cap of $312.6M, ranking $JST as the 121st largest cryptocurrency. The JUST Network is the backbone of TRON blockchain’s decentralised finance.
Twitter – @DeFi_JUST
Website – https://just.network/
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