What is JUST (JST)?
JUST is a decentralized DeFi ecosystem built on the Tron blockchain. The ecosystem is powered by JustStable – a decentralized stablecoin lending platform. The ecosystem operates with two tokens USDJ and JUST tokens. USDJ is a multi-collateral stable coin used for DeFi services while JustStable is used for internal operations like paying interest, maintaining governance, setting interest rates, and minimum collateralization ratio.
Who are the founders of JUST?
JUST is formulated and founded by the Tron foundation. Makers of JUST network were associated with some of the best organizations like Alibaba, Tencent and IBM. It was developed by some prominent individuals – Terance F , ex-Barclays and IBM, Elvis Zhang a senior developer and researcher, C Wu, web3 wallet specialist and GL Kong, blockchain engineer and crypto enthusiast. The platform was announced by Tron’s CEO and founder ‘Justin Sun’.
How does JUST work?
The JUST network allows individuals to lend their JustStable holdings to earn interest. JUST Crypto also has a bridge that connects to other premium blockchains via Tron. Users can swap their tokens with ease on the Polinex exchange. JUST token holders also get access to a unique JUST token lending DAO which is first of its kind. Besides the lending DAO, the project also has a governance DAO where token holders can propose changes to the network, address issues in the community and many other decisions that need collaborative and collective consent.
Key Attributes of Just
DeFi for Tron: JUST is the first decentralized finance network for Tron token holders. The DeFi system of JUST offers a suite of crypto finance opportunities under one roof.
Lending DAO: JUST has devised the first ever decentralized finance-based lending DAO for users to lend, liquidate and borrow crypto tokens.
Dual Asset backed DeFi platform: JUST works on two tokens: USDJ a multi-collateral token and JustStable for carrying out various on-network transactions.
Just Bridge on Tron: JUST also offers multi-chain payments through a bridging solution built on the Tron network, It allows users to lend, borrow and swap tokens.
Governance: JUST token holders are also bestowed with governance powers to make crucial changes on the network through voting between members of the community.
What sets JUST apart?
JUST network does not require any third-party authorization as all transactions and operations are executed by a self-executing smart contract. Users’ funds are at minimal risk as all transactions on-chain are executed by the digital contract and in case of a dispute, a third-party audit can be enforced.
Source: Just.Network, CoinMarketCap
How to buy JUST (JST) in India
- Sign Up for the CoinDCX account: Enter a valid email address and a user name on the sign-up page. Once the Email Id has been verified, set a strong password to secure your account.
- Verify the account: You need to complete your KYC, to buy JST on the CoinDCX platform. All you need to do is upload the documents and your account will be set up in 15 minutes.
- Buy JST: After the account has been verified, you can deposit any amount of fiat currency you are comfortable with and start your crypto journey!