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What is JUST (JST)?

JUST is a DeFi platform built on TRON. It provides a range of decentralized financial services. 

The ecosystem is powered by two tokens: USDJ, a stablecoin pegged to the US dollar, and JST, the governance and utility token. JUST allows users to borrow USDJ against TRX tokens and participate in platform governance using JST.

Who founded JUST?

JUST was founded in 2020 by Justin Sun, the creator of the TRON blockchain. The project aims to make decentralized finance accessible and efficient by leveraging TRON’s high-speed and low-cost network.

Primary features of JUST (JST)

• Stablecoin issuance: Allows users to borrow USDJ, a stablecoin pegged to the US dollar, by staking TRX as collateral.

• Governance: JST token holders can participate in decision-making for the platform’s future upgrades and policies.

• Low-cost transactions: Built on TRON, JUST benefits from TRON’s high-speed and cost-efficient blockchain.

• Lending and borrowing: Facilitates decentralized lending and borrowing within its ecosystem.

Is JST a promising cryptocurrency?

JUST has emerged as a strong player in the DeFi space, thanks to its unique dual-token model and TRON-based infrastructure. JST ranks among the top 150 cryptos by market cap and has gained traction among DeFi enthusiasts. Analysts predict a bullish outlook for JST as the DeFi sector continues to grow.

The current price of JUST (JST), as of 27 January 2025, is ₹4. You can buy JUST from crypto exchanges like CoinSwitch.

How do I use JUST (JST)?

• Governance: Use JST tokens to vote on protocol updates and governance decisions for the JUST platform.

• Borrowing: Stake TRX tokens to borrow USDJ, the stablecoin issued by JUST.

• Transaction Fees: JST tokens can be used to pay for transaction fees within the JUST ecosystem.

• Trading: Buy and sell JST tokens on platforms like CoinSwitch to leverage price movements.

Pros & Cons of JUST (JST)

Pros

• Built on TRON, offering low transaction fees and fast speeds.

• Unique dual-token model supports stablecoin issuance and governance.

• Increasing adoption in the DeFi space.

Cons

• Competes with other established DeFi platforms like MakerDAO.

• Adoption depends on the growth of TRON and the DeFi market.

• Prone to market volatility, as it’s relatively new in the crypto space.

How to trade JST on CoinSwitch?

• Start investing in JST with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for all users.

• Easily manage your transactions and portfolios on the app.

JUST (JST) ICO summary

JUST (JST) is the native token of the JUST ecosystem, a decentralized finance (DeFi) platform on the TRON blockchain. The JST token serves multiple purposes within the ecosystem, including governance, fee payments, and participation in various DeFi services offered by the platform. The total supply of JST tokens is 9.9 billion, distributed as follows: 30% allocated to the ecosystem, 26% to the team, 19% to strategic partners, 11% to the initial exchange offering (IEO), 10% to the airdrop, and 4% to mining rewards. This allocation strategy aims to foster growth, incentivize participation, and ensure the long-term sustainability of the JUST platform.

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FAQ's

1. What is JUST (JST) and how does it work?

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JUST is a DeFi platform built on the TRON blockchain. It offers stablecoin issuance, lending, and governance through its dual-token system. Users can stake TRX to borrow USDJ (a stablecoin) and use JST for governance and transaction fees. 

2. Who founded JUST (JST)?

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JUST was founded in 2020 by Justin Sun, the creator of the TRON blockchain. The platform leverages TRON’s high-speed, low-cost infrastructure to provide efficient DeFi services. 

3. How can I use JST tokens?

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JST tokens can be used for governance (voting on platform updates), borrowing (staking TRX to get USDJ), paying transaction fees within the JUST ecosystem, and trading on exchanges like CoinSwitch. 

4. Is JUST (JST) a good investment?

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JST has gained traction in the DeFi space due to its unique dual-token model and TRON-based infrastructure. Analysts have a positive outlook, but its performance depends on DeFi market trends and TRON’s growth. Always do your own research before investing.

Highlight

JUST (JST) is a decentralized finance (DeFi) platform built on the TRON blockchain. It specializes in stablecoin issuance, lending, and governance through its dual-token system.

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Price Statistics

JST Price Today

JST Price

₹3.65

Price Change 24h

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0%

Price Change 7d

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5.34%

Market Rank

#101

Market Cap

₹3,486 Cr.

Trade Vol 24h

224 Cr

Circulating Supply

990 Cr. JST

Trading Activity

0% Buy100% Sell

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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