Convert JST to TRY

JUST (JST) is a governance token powering the JUST ecosystem, a decentralised finance (DeFi) platform built on the TRON network, primarily known for its stablecoin lending and borrowing services.

Key takeaways

• JUST (JST) is the governance token for the JUST DeFi ecosystem on the TRON blockchain.
• The ecosystem's flagship product is the USDJ stablecoin, which is generated through over-collateralised loans.
• JST holders can participate in platform governance, including voting on key parameters like stability fees and collateral ratios.
• The token is also used to pay stability fees within the JUST lending protocol.
• You can trade JST via spot or perpetual contracts on platforms like BTCC.

What is JUST? Key Specifications & Tokenomics

JUST is a decentralised financial system on the TRON network, with its JST token serving as the cornerstone for governance and fee mechanisms within its lending protocol.

Who created JUST (JST)?

The JUST ecosystem was founded by the TRON Foundation, led by Justin Sun. It was developed as a core component of TRON's expanding DeFi landscape, drawing conceptual inspiration from established lending protocols like MakerDAO. The project aims to provide a native, decentralised stablecoin and lending solution for the TRON community, leveraging the network's high speed and low transaction costs.

How does JUST (JST) work?

The JUST ecosystem operates through a dual-token model centred on its lending protocol.

• USDJ Stablecoin Generation: Users can lock TRON-based assets like TRX or other TRC-20 tokens as collateral to generate the USDJ stablecoin, which is pegged to the US dollar.
• Governance with JST: JST token holders govern the entire system. They vote on critical parameters such as the types of accepted collateral, collateralisation ratios, and the stability fee (an interest rate charged on generated USDJ loans).
• Fee Mechanism: The stability fees accrued by the protocol are payable in JST tokens, creating a utility-driven demand for JST.

What makes JUST (JST) unique and valuable?

JUST's primary value proposition lies in its deep integration with the TRON ecosystem, offering a native DeFi solution tailored for its users.

• TRON-Native DeFi: It provides a familiar MakerDAO-like experience but built directly on TRON, benefiting from its high transaction throughput and low fees, which are crucial for efficient DeFi operations.
• Governance Rights: JST confers real decision-making power over a significant stablecoin protocol, allowing the community to steer its development and risk parameters.
• Utility-Driven Demand: The requirement to pay stability fees in JST creates a consistent use case for the token within its own economic loop.

What is JUST (JST) used for?

The JST token has several core functions within the JUST network:

• Protocol Governance: Voting on proposals to manage the USDJ stablecoin system and the overall platform.
• Paying Fees: Users must pay stability fees in JST when they repay loans to unlock their collateral.
• Staking: While not for network security, JST can be staked in various platform initiatives or third-party dApps for potential rewards.

How Is the JUST (JST) Ecosystem Developing?

The JUST ecosystem continues to evolve alongside the broader TRON DeFi space. Development focuses on:

• Collateral Expansion: Integrating more TRC-20 tokens as accepted collateral to increase the utility and reach of the USDJ stablecoin.
• Cross-Chain Initiatives: Exploring bridges and collaborations to bring USDJ and JST utility to other blockchains.
• Product Integration: Ensuring USDJ is widely adopted as a trading pair and liquidity provider across TRON-based decentralised exchanges (DEXs) and other financial applications.

How to mine JUST (JST)?

JST is not a mineable cryptocurrency. It is a TRC-20 utility and governance token that was initially distributed through airdrops, public sale, and ecosystem incentives. New JST enters circulation according to the project's pre-defined distribution schedule, not through computational mining.

How to keep your JST Coin safe?

As a TRC-20 token, JST should be stored in wallets that support the TRON network.

• For Long-Term Holding: A hardware wallet like Ledger or Trezor (with TRON support) offers the highest security by keeping your private keys offline.
• For Active Use: Reputable TRON-compatible software wallets such as TronLink or Trust Wallet are convenient for interacting with DeFi protocols like JUST.
• On Exchanges: For active trading, you can store JST on a secure platform like BTCC, but remember that you do not control the private keys in this case.

How to buy JST Coin?

JST is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC exchange for higher liquidity and better customer support.

1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide.
3. Start Trading: Go to the trading page and search for the spot trading pair JST/USDT or the perpetual contract JST/USDT.
4. Place an Order: Enter the amount of JST you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.