What is JUST? JUST is a new blockchain project built for Tron Blockchain, focusing on decentralized finance (DeFi). In this article, you can access answers to frequently asked questions such as what is JUST, what it offers, what is JST coin, how to get it, what is it used for. As Kriptokoin.com, we have prepared it for our curious readers. Let’s examine the project together.
What is JUST?
Launched in August 2020, JUST is a DeFi project with two tokens. These two tokens are; USDJ and JST. USDJ is a stable coin whose price is indexed to the US dollar at a ratio of 1:1. JST coin works as the native cryptocurrency of the platform. The project aims to present DeFi protocols built on Tron Blockchain to its users as a complete product package. In addition, these protocols can be developed on the platform. The project aims to get ahead of other projects by offering various Tron-based DeFi services.
What does JUST offer?
Through JUST, a decentralized platform, users can obtain loans and earn interest income through DeFi protocols. In addition, the project has a platform created only for stable coin lending. Users can acquire stablecoins through this platform. Participants of the ecosystem can create passwordless accounts. In addition, users can access decentralized applications (dApps) on the Tron blockchain. The participants of the network have the freedom to transact in any cryptocurrency, thanks to various protocols. The project, which also provides staking, also offers its users an exchange service that makes it possible to trade assets created with the TRC20 smart contract.
What is JST coin? What is it used for?
JST coin is the native cryptocurrency of the Just Network platform. The maximum supply of the token is capped at 9.9 billion units. The token created with the TRC20 smart contract can be used for various purposes such as governance and performing DeFi transactions. Participants holding JST get voting rights in decisions taken for the development of the network. Besides, it can present various offers to the community such as changing the interest rate. The most important feature of crypto money is staking.
Users pay the interest of the loans they receive via the DeFi protocols on the platform with JST coin. In this way, lenders can earn passive income. In addition, the transaction fees paid for trading on the JustSwap exchange are paid in JST. At the time of writing, JST coin was the 119th largest cryptocurrency with a market cap of around $599 million. In addition, 7.3 billion JST was in circulation, which corresponds to 74% of the token’s maximum supply.
How to get JST coins?
JST coin is supported by many major and reliable cryptocurrency exchanges. Among these exchanges, Binance, OKX and Bybit stand out. Investors interested in the JUST project must first become a member of one of these exchanges. Investors who have fully signed up and deposited a fiat currency such as dollars and lira in their wallets can purchase the token.
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