JUST (JST) Research

JUST (JST) Research Details

JUST (JST) JUST

INTRODUCTION

JUST Protocol is a prominent decentralised finance (DeFi) platform created on the TRON blockchain. It is a whole set of products that are mostly based around a decentralised stablecoin lending platform called JustStable.

It is a two-token ecosystem made up of the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin whose value is tied to the value of the US dollar (USD). JST, on the other hand, has a number of uses on the platform, including paying interest, helping to maintain the platform, and taking part in its governance by helping to set variables like interest rates (stability fees) and the minimum collateralization ratio.



HISTORY AND FOUNDER

The JUST Foundation manages the JUST ecosystem, which is composed of individuals from Alibaba, Tencent, IBM, and "other world-class internet businesses," while JUST's financial research team is composed of professionals from "many global investment banks," according to the project website.

The most well-known people in this field include Terance F (a blockchain expert and former employee of Barclays and IBM), Elvis Zhang (a senior developer and accomplished blockchain researcher), C Wu (an expert in wallets and exchanges), and GL Kong (an experienced blockchain engineer and early crypto adopter).

A lot of the JUST team members' full names and profiles are not available to the public. However, it looks like the project has some overlap with the TRON development team, given the platform was introduced by TRON CEO and creator Justin Sun and has obtained technical and financial backing from TRON.


REASON TO BUILD THE PROJECT

The main problem that Just aims to solve is the fact that users have to switch from project to project to use different DeFi features. It intends to eliminate this necessity by delivering its own solution, which involves bringing all TRON DeFi users on a single platform by creating a diverse DeFi product ecosystem.

JustStable - JUST's main decentralised, multi-collateral stablecoin platform.

JustLend -  A money market protocol powered by TRON that lets users add money to lending pools and borrow cryptocurrency at low-interest  rates.

JustSwap - An automated market maker (AMM) platform that allows trustless swaps of TRC-20 tokens and the formation of permissionless liquidity pools.

JustLink - The first decentralised oracle system for the TRON network. It is used to safely send real-world data to smart contracts.

Cross-chain tokens - Assets from other blockchains, such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), which have been tokenized on TRON and are usable within the JUST ecosystem.


BASE OF PROJECT

Since JUST is a fork of TRON, it depends significantly on the network to do its necessary tasks and keep its data safe.

As JST is a TRON-20 token, the JUST platform secures and maintains the blockchain using a delegated proof of stake (DPoS) consensus. This is a structure in which nodes that validate blocks of data to be added to the blockchain are chosen based on the size of their stakes, not on how well they can solve hash puzzles. This system is considered more sustainable than proof-of-work blockchains because it uses much less energy.


USE CASE

The use cases of Just token are:

  • One can take part in system administration by owning JST. It is performed through voting on network proposals

  • Use of TRON's decentralised ecosystem and dApps

  • CDP interest can be paid using JST


MAJOR NEWS AND EVENTS

DATE

NEWS/EVENTS

IMPACT

19/08/2020

Justin Sun stops the Just (JST) airdrop

-28% Decrease

10/08/2020

Binance will list Just

+65% Increase


CONCLUSION

With its wide range of products and quest to make DeFi more accessible to the public, JUST is likely to see more people using it as it works to make DeFi limitless and free for everyone. JUST's future looks promising as long as its parent network, TRON, continues to perform well. As for investors, they can not only observe the network's development, but also actively participate in it.


DISCLAIMER

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto products are currently unregulated and subject to market risk. Please seek independent financial advice or do your own research before investing.