. What is JUST (JST)? Here are all the details of Crypto Money JUST Coin – In this article, What is JUST (JST)? We will answer the question and try to present the details of the project.
What is JUST (JST)?
If you’re at the top of the latest trends in the crypto world, you’ve probably heard of the JUST coin. The JUST ecosystem will become a major player in the decentralized finance world thanks to its sophisticated two-token system and its connections with other crypto platforms.
JUST coin (JST) is a platform oriented cryptocurrency for the decentralized lending platform JUST. JST has become a rising star in the crypto world, with over 1,700% ROI since its launch.
To help you understand the hype and the big JUST token price tag, let’s talk about why JST is famous.
What is JUST Network?
Just Network, the brainchild of crypto entrepreneur Justin Sun (famous for his previous project TRON), is recognized as the “next generation DeFi” for the TRON network (DeFi = Decentralized Finance). Due to the previous success of Sun’s original project TRON, the JUST coin has received the best media attention.
The JUST platform primarily powers a stablecoin called USDJ. The USDJ has a parity of 1: 1 with the US dollar.
TRX holders (TRON’s token) can receive USDJ using TRX as collateral for the USDJ loan. This allows TRON users to buy USD over the JUST network without selling their TRON.
How Does JUST Coin Work?
JST is a platform oriented cryptocurrency that encourages users to maintain the JUST network. JST is rewarded to users who help verify transactions on the network and provide liquidity through the Just Network. JST holders are also involved in the management of the network.
The more people using the USDJ and JUST network, the more valuable the JUST coin will be.
Now that you know what the JUST coin is, you’re probably wondering if it’s worth the investment. Let’s take a closer look at the pros and cons of JUST coin.
JUST Coin Pros
Smart contracts protect your assets, allow you to exchange tokens / cryptocurrencies and take advantage of price increases.
You can earn income by paying fees and maintaining the JUST platform that generates USDJ.
There are hundreds of decentralized applications on the network.
Because it is built on the successful TRON network, JUST already has an active network of owners and builders.
Cons of JUST Coin
The JST coin has been haunted by some crypto audiences because they believe its founder Justin Sun should focus on one platform rather than focusing on multiple platforms.
You cannot earn JST by depositing JST (but you can deposit TRX for USDJ).
TRX owners and TRON users get the most benefit from JUST.
Two-token system can be confusing
Some see the JUST coin as a copy or a copy of MakerDAO’s system, where DAI can be used as collateral to issue a token.
Where to Store JUST Token
JST can be stored in most wallets that store TRX. During the launch of JST, users with a balance of over 100 TRX received a free JST airdrop.
Some examples of large wallets where you can store JST are Exodus wallet, Atomic wallet, or TRONLINK. You can also store JST in wallets on most major exchanges.
Where to Buy JUST Coin?
JST can be obtained in two ways: by “mining” (rewarded for depositing, lending, providing liquidity) on the JUST Network or by purchasing cryptocurrency on an exchange.
According to Coinmarketcap, JST can be found on most major exchanges such as Binance, Huobi Global, ZG.com, HBTC, and Upbit.
According to CoinGecko, there is an existing circulating supply of approximately 1.4 billion JST and a maximum supply of 9.9 billion.
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