What is Just (JST)? All information about the JST . token

• General overview of Just
• What is Just (JST)?
• How does the Just platform work?
• Just . project development team
• Just .'s project development roadmap
• General overview of the JST . token
• Basic information about the JST . token
• What is the JST token used for?
• JST . Token Allocation Rate and Schedule
• Where can buy, sell and store JST tokens?
• Should I invest in JST tokens?
• Frequently asked questions
• summary

Justin Sun is a young billionaire, dubbed "little Jackma". He is the father of Tron, BitTorrent later Polynex and many other projects in the blockchain space. A typical example is the DeFi project called Just. So what is Just? What's so special about this project? Is the JST token a potential investment option? Let's explore the details of this project with TraderH4!

General overview of Just

What is Just (JST)?

Just is the most active decentralized finance platform in the Tron network. This lending & borrowing platform allows users to borrow Stablecoins by staking TRX tokens to generate USDJ – a USD-pegged Stablecoin at a ratio of 1:1. Meanwhile, the JST token launched on Tron's blockchain, designed according to the TRC-20 standard is considered the main currency of the project and is Just's governance token. 

Just's ecosystem provides 3 basic utilities for users including: 

• JustSwap: Is a decentralized exchange of the Tron ecosystem.
• JustLend: Is a lending platform, specializing in supporting decentralized lending activities.
• JustStable is responsible for minting USD stablecoins, to ensure that the anchor ratio to USD reaches the target level of 1:1.

Another notable point of the project is that there are 2 separate active tokens, JST and USDJ.

• Token JST: Used as currency in activities such as interest payment, transactions to help the Just network operate stably. In addition, JST is also a governance token. Users who own this token can participate in voting and monitor activities taking place on Just. 
• The USDJ token is a stablecoin pegged to the USD. This stablecoin is minted when there is a collateralized amount of TRX in the system.

How does the Just platform work?

The Just project will have two basic activities: stablecoin management USDJ and ecosystem management with JST tokens. This operating mechanism is the sustainable foundation for the development of lending activities on Just. 

Use (Collateralized Debt Positions) to create Stablecoin USDJ 

CDPs are the method used to transfer collateralized accounts into smart contracts to generate USDJ. Simply, USDJ Stablecoin is generated through deposit into CDP. Specifically, here are some stages to go through to create USDJ. 

• Stage 1: Obtaining the collateral assets

Although users will deposit TRX tokens as collateral to create USDJ Stablecoin, TRX tokens will actually be swapped to PTRX – the only collateral token accepted by the Just platform.

• Stage 2: Creating CDPs to deposit collateral assets

The Just platform will generate a CDP, then execute another transaction to deposit PTRX into the CDP to generate USDJ.

• Phase 3: Generating USDJ through CDPs:

The owner of the CDP will make a transaction to determine the amount of USDJ generated in the CDP. The amount of TRX tokens collateralized by users will be treated as a debt. This amount of tokens will be locked until the user returns. 

• Stage 4: Redeeming the collateral

This is the final step for users to get back their mortgaged TRX assets. Just's payment mechanism is a bit complicated, the original principal will be returned in USDJ, but the interest amount users will have to pay in JST. Once the payment is completed, the CDP holder is allowed to send a transaction to Just to get all the collateral back.

Especially, in a strong bear market, collateral has been heavily devalued and is unable to repay, the CDP will be liquidated. This is like the margin mechanism in leveraged trading. 

Just .'s governance mechanism

Anyone holding the JST token can vote on the modified smart contract on the system. Contracts with the highest number of votes will be valid proposals. Specifically, there will be two types of suitable proposals: Single action proposal contract and Delegating Proposal Contracts.

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• Single action proposal contract: These proposals take effect only when control of the system is gained. As soon as control is successfully gained, these recommendations apply the change to variables within the system. In the event that these single proposals do not gain control, they will be automatically removed. According to experts, these types of proposals are often ineffective and are only applied to projects in the early stages.
• Delegating Proposal Contracts: are proposal contracts created for the purpose of improving the Just system. They will be selected through a voting process. JST holders can use their JST tokens to vote for approval for one or more proposals they wish to select as valid proposals. It is because of such a mechanism that JST token holders have just completed their tasks in the most fair way. At the same time, proposals that have received consensus when deployed in practice will be more secure. 

Just . project development team

The core team of Just platform is 3 members with long experience and knowledge in the field of computer science, blockchain. As follows: 

• Terance F (Project Leader): Terance graduated with a Master of Science in Computer Science from Stevens Institute of Technology, NJ. In addition, Terance also has nearly 10 years of experience working at leading technology companies such as Barclays and IBM. 
• Elvis Zhang (Technical Head): Elvis also has nearly 10 years of experience developing and researching smart contracts. Elvis is both a senior developer and an expert on blockchain technology.
• C Wu (Head of Product Development): He has worked for Tencent for more than 5 years and is an expert in various types of Wallets and exchanges.

Just .'s project development roadmap

Join TraderH4 to follow the project's development roadmap from launch to now. 

2nd quarter of 2020

• Release of Developer SDK and detailed API documentation
• List stablecoin USDJ on multiple exchanges and support trading with many different pairs. 
• Launch LaunchBase token JST

3rd quarter of 2020

• Expanding listing of USDJ and JST tokens on DEXs
• Support Dapps on the Tron network to easily integrate USDJ
• Introducing Just forum and chatroom
• Updating a USDJ . Derivative DeFi Product

Q4 2020

• Release version Just 2.0
• Adding more types of collateral
• Continue to deploy more USDJ derivative DeFi products
• Provide more DeFi products based on USDJ and JST . token duo

1st quarter of 2021

• Enhance security of collateral
• Improve the security of transactions with USDJ and JST

Since then, the Just project has not updated any important milestones in the roadmap.

General overview of the JST . token

JST is a utility token, used in Just platform operations. Here are the important information about the JST token. 

Basic information about the JST . token

• Token Name: JST
• Blockchain: TRON
• Token Standard: TRC-20
• Token type: Utility token
• Total Supply: 9,900,000,000 JST
• Circulating Supply: 8,900,000,000 JST

What is the JST token used for?

Specifically, JST tokens will mainly be used in the following activities: 

• JST token holders can participate in system governance by voting on proposals to improve the Just network. 
• The JST token is also used to access Tron's ecosystem and Just's Dapp decentralized applications. 
• JST tokens are used as currency to pay interest to CDPs in mortgage lending operations.

JST . Token Allocation Rate and Schedule 

9.9 billion JST tokens will be allocated according to the plan as follows: 

• Developing Just Ecosystem: 30%
• Strategic partners: 26%
• Project development team: 19%
• Seed sale: 11%
• Airdrop activities: 10% 
• LaunchBase: 4%

The JST token payment schedule is announced by the project as shown below. 

Where can buy, sell and store JST tokens?

JST is a token according to the TRC standard, so it will be stored on the following wallets: 

• Tron Wallet
• Cold wallet: Ledger wallet, Trezor
• Hot wallets on exchanges such as: Binance, Huobi Global, Gate.io, KuCoin...

According to the information TraderH4 updated on CoinMarketCap at the time of writing, the JST token has been listed and supported for trading on many leading exchanges today. Specifically, Binance, Huobi, Gate.io, FTX, OKX, Bithumb… The trading pairs with JST are also quite diverse such as: JST/USDT, JST/USDD, JST/BTC, JST/ETH, JST/KRW, JST/TRX…

Should I invest in JST tokens?

TraderH4 cannot give you solid advice on whether or not to invest in the Just platform JST tokens. However, we will provide important reference information to help you evaluate the development potential of the project. 

• Just is an extremely hot keyword in 2020. In the middle of early 2020, the project held an IEO to call for investment capital on the Poloniex LaunchBase platform. This is the event that created a fundraising record, helping the Just platform explode later. In just 4 minutes, the project successfully sold 396 million tokens, earning about 4 million USD.
• Up to now, JST has been available on most of the leading exchanges such as Binance, Huobi Global, OKX, FTX, KuCoin...
• Users can get more profit due to the collateral mechanism that generates Stablecoins backed by Dapps in the Tron ecosystem. 
• MakerDAO (MRK), a leading name in the DeFi field, also had a positive opinion about Just. Just platform is strongly supported by Tron, so it has surpassed MarkerDAO in terms of decentralization, user experience, as well as transaction speed.

However, there is a fact that you also need to know Just the satellite DeFi project developed by Justin Sun with the aim of creating diversity for the Tron ecosystem. So the potential is undeniable, however the risk is not zero. Justin Sun is famous as a billionaire "with many talents", so investors are quite shy about his projects. Moreover, it seems that recently Just's popularity has become increasingly blurred. This is reflected in the price action of the JST token on the price chart, which sets ATH in April while BTC makes ATH in September. Therefore, you need to consider and research more information sources to make a choice. Best investment. 

Frequently asked questions

Below is a summary of frequently asked questions about the Just project as well as the JST token. If you have the same question can find the answer easily. 

What pairs of JST tokens are there today?

JST is supported to trade with many other currencies, such as JST/BTC, JST/BUSD, JST/USDT, JST/ETH…

Through which channel can I get more information about Just?

• Some official information channels of Just like: Website / Telegram / Twitter
• Just is LaunchBase's first IEO of any project?

Token JST is Poloniex's first IEO LaunchBase, officially taking place in early 2020.

• Which DeFi projects are in direct competition with Just?

Some projects compete with Just today such as MakerDAO, Compound, Constant...

• What is the main function of Just (JST)?

The Just platform has 3 main functions: JustLend (decentralized lending), JustSwap (DeX exchange that allows token swaps on Tron's network) and JustStable (platform used to mint stablecoin USDJ).

summary

Just (JST) a DeFi project supported by Justin Sun is behind the push with the mission of building a decentralized financial system on the Tron blockchain platform. Although Right after the launch, Just was highly anticipated due to the positive influence of CEO Justin Sun. However, over time the CEO's notoriety increased. Besides, the Tron ecosystem is just an idea copy of Ethereum with the purpose of creating FOMO psychology, making both Tron and Just no longer receive support and show signs of fading in the market. Therefore, you need to research the project and the token set carefully before making an investment decision. Good luck!

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