#JUST (#JST ) is a popular decentralized finance (#DeFi ) ecosystem developed for the #TRON blockchain. It includes a number of products that focus specifically on the decentralized stablecoin lending platform called JustStable.

The platform was launched in August 2020 and launched with an initial exchange offering (#IEO ) on the Poloniex LaunchBase platform earlier that year. However, the platform's native governance token, the JST token, has been in circulation since May 2020.

It is a two token ecosystem based on USDJ and JUST (JST) tokens, USDJ is a multi-collateral stable cryptocurrency that pegs its value to the United States dollar (USD). On the other hand, JST performs a number of functions on the platform – interest payments, helping to maintain the platform and participating in its management, helping to set parameters such as interest rates (stability fees) and minimum collateral rate.

Users who want to acquire USDJ on JUST must deposit collateral in the form of supported collateral tokens – these include TRON (TRX). Depending on the deposited collateral, users can mine and withdraw USDJ, but USDJ must be repaid later to get the initial collateral back.

The platform aims to provide a fair and cross-border DeFi product hub that any TRON user can access.

Features and Benefits

  • It does not require trust or authorization: It allows access and use by anyone and does not require permission from third parties. All transactions are carried out automatically by smart contracts and no third parties are needed for intermediation. In this way, transactions are carried out independently.

  • Standards and compliance: DeFi factors rely on standardized financial protocols and smart contracts. In this way, protocols can be overlapped and more scenarios can be created. Additionally, these standards also ensure interoperability between DeFi platforms.

  • Secure: Financial transactions are carried out through smart contracts that enable traceability and third-party auditing. In this way, users face minimal risk. Additionally, security is further increased as there is no transaction through any third party.

  • Decentralization: JST holders can jointly manage the JUST community and come together to make decisions about incentives towards building the next generation DeFi ecosystem. This way, the decision-making process occurs in a decentralized manner and all community members participate equally. Additionally, through this approach, further growth and development of the JUST community can be achieved.

Who are the Founders of JUST?

The JUST ecosystem was created with the participation of many people such as blockchain technology experts, experienced developers and financial analysts. However, JUST's founders include Justin Sun and others. Justin Sun is known as the CEO and founder of TRON and has provided technical and financial support to the JUST project.

Other JUST founders include Terance F, a blockchain expert and former Barclays and IBM employee, Elvis Zhang, a senior developer and experienced blockchain researcher, C Wu, an expert on wallets and exchanges, and GL Kong, a seasoned blockchain engineer and early crypto adopter. names are included.

The JUST project is managed by the JUST Foundation, which includes individuals from Alibaba, Tencent, IBM and other world-class internet companies. Additionally, JUST's financial analysis team consists of experts from several global investment banks. Although the entire JUST team is not public, it is known that many talented and experienced people contributed to the success of the project.

What Makes JUST Unique?

JUST's uniqueness is not limited to the comprehensive DeFi product suite it offers. Another unique feature is that it is on the TRON blockchain. This ensures that JUST can provide faster and cheaper transactions. Additionally, JUST also offers the JST token, a governance token that allows its users to participate in the decentralized governance process and have a say in the future of the platform. These features combine to make JUST a unique DeFi platform.

These:

  • JustStable: JUST's flagship decentralized multi-collateral stablecoin platform. This platform allows users to exchange different cryptocurrencies into a stable cryptocurrency such as USDJ (1:1 USD equivalent).

  • JustLend: A TRON-powered money market protocol that allows users to add liquidity to lending pools and obtain low-interest cryptocurrency loans. This platform is designed to provide additional income to JUST token holders.

  • JustSwap: An automated market maker (AMM) platform used for trustless TRC-20 token swaps and the creation of permissionless liquidity pools. This platform allows users to trade various TRC-20 tokens and participate in liquidity pools.

  • JustLink: The first decentralized oracle system for the TRON network — used to securely provide smart contracts with real-world data. This platform allows smart contracts to access real-world data.

  • Cross-chain tokens: Refers to assets from other blockchains that are tokenized on TRON and available within the JUST ecosystem, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These assets can be used within the JUST ecosystem as well as on different blockchains.

The JUST ecosystem offers a variety of cryptocurrency services to its users by taking advantage of the TRON network. Each platform is designed to address different user needs, allowing users to use cryptocurrencies more easily, quickly and cost-effectively.

This article is for informational purposes only and is not a recommendation for personal investment decisions.