JUST

JUST: Everything You Need to Know

JUST is a cryptocurrency project that aims to create a decentralized stablecoin lending platform on the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin called USDJ and a governance token called JUST (JST).

USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported tokens — such as TRON (TRX) — which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of decentralized finance (DeFi) products, that any TRON user can access.

How does JUST work?

JUST works as a platform that allows users to borrow and lend USDJ, a stablecoin that is backed by various crypto assets. JUST uses a two-token system that consists of:

USDJ: This is the stablecoin that is pegged to the value of the US dollar. Users can borrow USDJ by locking up collateral in CDPs, which are smart contracts that ensure the stability of the system. Users can also lend USDJ to earn interest or use it for various DeFi applications.

JST: This is the governance token that grants users voting rights and influence over the direction and future of the project. By holding JST tokens, users can vote on proposals, submit ideas, and access exclusive features and rewards on the platform. JST tokens are also used to pay interest on CDPs, as well as stability fees that are burned to regulate the supply of USDJ.

JUST uses a decentralized autonomous organization (DAO) model, where users can participate in the governance of the platform through a dedicated platform called Politeia. Politeia allows anyone to create a proposal for a specific task or project related to JUST, such as software development, marketing, research, or community building. The proposals are then reviewed and voted on by the JST holders, who decide whether to approve or reject them.

JUST also provides various tools and services for users and developers, such as:

JUSTSwap: This is a decentralized exchange (DEX) that allows users to swap any TRC-20 token for USDJ, JST, or other tokens, as well as to provide liquidity and earn fees.

JUSTLend: This is a lending platform that allows users to borrow or lend USDJ or other TRC-20 tokens at variable interest rates.

JUST NFT: This is a non-fungible token (NFT) platform that allows users to create, buy, sell, and trade digital collectibles on the TRON blockchain.

Who are the team behind JUST?

The JUST team consists of various developers, designers, researchers, marketers, and community managers who work on different aspects of the project. The team is led by Justin Sun, the founder and CEO of TRON Foundation, who announced the launch of JUST in April 2020.

Some of the notable members of the team include:

Lucie Sasnikova: The marketing specialist and spokesperson for JUST. She is responsible for communicating with the media and the public about the project’s vision and updates.

Marco Peereboom: The new systems development lead and co-founder of Company 0, a software development company that specializes in cryptocurrency and blockchain technology. He is also one of the former Bitcoin developers who joined Sun’s team to create JUST.

Jonathan Zeppettini: The international operations lead and co-founder of Decred Holdings Group, a company that provides consulting and advisory services for blockchain projects. He is also one of the advisors and supporters of JUST.

Eric Meltzer: The co-founder and partner of Primitive Ventures, a venture capital firm that focuses on investing in blockchain and crypto projects. He is also one of the early investors and backers of JUST.

What are the use cases for JUST?

JUST can be used for various purposes, such as:

Stablecoin platform: JUST can be used as a stablecoin platform that allows users to borrow and lend USDJ, a stablecoin that is pegged to the value of the US dollar. Users can use USDJ for various DeFi applications, such as trading, investing, or hedging against volatility.

Governance platform: JUST can be used as a governance platform that allows users to participate in the decision making and direction of the project. By holding JST tokens, users can vote on proposals, submit ideas, and access exclusive features and rewards on the platform.

Ecosystem platform: JUST can be used as an ecosystem platform that provides various tools and services for users and developers, such as JUSTSwap, JUSTLend, and JUST NFT. These tools and services enable users to swap, lend, borrow, create, and trade various tokens and assets on the TRON blockchain.

Conclusion

JUST is a cryptocurrency project that aims to create a decentralized stablecoin lending platform on the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin called USDJ and a governance token called JUST (JST). USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar, whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates and the minimum collateralization ratio. The platform is designed to provide a fair and borderless hub of DeFi products that any TRON user can access.