What Is JUST (JST)? Inside TRON’s All-in-One DeFi Ecosystem

JUST (JST) is a special kind of digital coin that lives on the TRON blockchain. It is used in a group of apps that help people borrow, lend, save, and earn money using crypto. These types of apps are part of something called DeFi, which means decentralised finance.

The JST token was created in 2020. It is built on TRON’s system using a format called TRC-20. This format helps make transactions fast and cheap. JST is the main token used in the JUST ecosystem. The ecosystem is made up of different parts:

• JustStable: A platform for lending and borrowing stablecoins.

• JustLend: A place to earn interest or borrow crypto.

• JustSwap: A tool for trading tokens easily.

• JustLink: A service that provides real-world data to smart contracts.

Let’s take a closer look at how JST works and why it matters.

What Does JST Do?

JST has many uses in the JUST DeFi system. Here are some of the most important ones:

Voting and Governance

If you own JST, you can vote on how the JUST system should run. For example, you can help decide interest rates or how much users should pay in fees. This makes JST holders part of the community that controls the system.

Paying Fees and Interest

When you use any of the apps in the JUST ecosystem, you pay small fees using JST. If you lend out your crypto or take out a loan, JST might also be used for interest payments.

Staking and Farming

You can stake your JST, which means locking it up to help support the network. In return, you earn rewards. You can also use it in yield farming to earn more crypto just by holding and using your JST wisely.

Running the Platform

JST also helps keep the system running smoothly. It supports all the apps and services in the ecosystem.

What Is the JUST Ecosystem?

The JUST ecosystem is more than just one app. It includes several different parts that work together to offer DeFi tools to users. Here are some of the major ones:

• JustLend DAO: A place where people can lend and borrow crypto. It is managed by the community.

• USDJ: A stablecoin that is always worth about 1 US dollar. It can be borrowed or used as collateral.

• sTRX: A version of TRON's main coin (TRX) that is used for staking.

These tools help people save money, earn rewards, and make financial choices without needing a bank.

How Many JST Tokens Are There?

The total number of JST tokens is about 9.9 billion. All of them are already out in the market. The tokens are shared between developers, investors, and the wider crypto community.

Because JST uses the TRC-20 format, it can move quickly and cheaply on the TRON network. This helps keep DeFi services smooth and low-cost.

Read Also: What is Definitive? Blending CeFi and DeFi in a Hot New

The Future of JST

The people behind JST and the JUST ecosystem are still building and improving. They want to make sure that DeFi is fair and open to everyone. For example, the voting system is based on one person, one vote which gives everyone a voice.

JUST wants to compete with other big DeFi platforms, like MakerDAO. By staying fast, cheap, and easy to use, JST hopes to attract more users in the future.

Conclusion

• JST is the main token of the JUST DeFi system.

• It’s built on TRON, using the fast and cheap TRC-20 standard.

• JST lets users vote, pay fees, earn rewards, and support the system.

• JUST offers many DeFi services like lending, borrowing, staking, and stablecoins.

• The token has a total supply of 9.9 billion and is fully available in the market.

If you want to explore deeper into the JUST ecosystem, you can look at:

• JustLend DAO

• USDJ stablecoin

• sTRX staking

• JustSwap trading platform

Stay informed in Bitrue, and don’t invest more than you can afford to lose!

FAQ

What is JST used for?

JST is used for voting, paying transaction fees, staking for rewards, and supporting the DeFi platform on TRON.

Is JST the same as TRON (TRX)?

No. TRX is TRON’s main coin, while JST is a token used for specific DeFi functions inside the JUST ecosystem.

Can I earn money with JST?

Yes! You can stake JST or join yield farming programmes to earn extra rewards.

How do I buy JST?

You can buy JST on many cryptocurrency exchanges. Just look for the JST/TRX or JST/USDT trading pairs.

What makes JUST different from other DeFi platforms?

JUST is built on TRON, which means it’s fast and has low fees. It also gives voting power to JST holders, so the community helps make decisions.

Is JST a safe investment?

Like all cryptocurrencies, JST can go up or down in value. Always do your own research and only invest what you can afford to lose.