JUST Coin (JUST) is a new and popular decentralized finance ecosystem. Built on the Tron blockchain network, JUST aims to provide investors access to various DeFi applications. The ecosystem, centered around a stablecoin named JustStable, is known to be the latest initiative of Justin Sun.
Justin Sun, the founder of Tron Foundation, not only acquired projects like BitTorrent after launching the Tron network but also facilitated the development of projects such as JUST. The JUST Coin ecosystem has a total of two different token systems; one is a stablecoin named USDJ, and the other is a market token known as JUST (JST). USDJ is a multi-collateral stablecoin, deriving its value from the US dollar. JST, on the other hand, has multiple uses and options on the platform.
Users can employ their JST Coins within the DeFi ecosystem for various purposes, such as paying interest, ensuring the operation of the platform, participating in governance, determining parameters like interest rates, and choosing the minimum collateral rate.
To acquire USDJ in the JUST ecosystem, investors need to deposit collateral, including Tron, among a few supported cryptocurrencies. The platform is known to have been launched by Justin Sun to keep pace with the booming DeFi ecosystem. The fact that the platform’s name directly comes from the initials of Justin Sun further highlights this.
What is Just (JST)?
JST is the fundamental cryptocurrency of the entire ecosystem. Within the ecosystem, there is a stablecoin named JustStable, a lending protocol named JustLend, a liquidity provider, an automated market maker named JustSwap, a decentralized oracle system named JustLink, and an inter-token network service.
Where to Buy JST Coin?
JST Coin is predominantly traded on cryptocurrency exchanges dominant in the Chinese market. It is observed that there are trading pairs such as JST/USDT, JST/ETH, JST/BTC, and JST/BNB on the world’s largest cryptocurrency exchange Binance. This indicates that investors can use Binance to purchase JST.
