JUST is a popular new TRON blockchain-based decentralized finance (DeFi) ecosystem. It is a collection of products centered primarily on the JustStable decentralized stablecoin lending platform.
The platform went live in August 2020, following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that year, but the platform's native governance token (JST) has been in circulation since May 2020.
The USDJ and JUST (JST) tokens serve as the foundation of this two-token ecosystem. USDJ is a multi-collateral stablecoin whose value is pegged to the value of the US dollar (USD), whereas JST performs a variety of functions on the platform, including paying interest, assisting in platform maintenance and governance, and helping to set parameters such as interest rates (stability fees) and the minimum collateralization ratio.
To obtain USDJ on JUST, traders must deposit collateral in the form of supported collateral tokens, such as TRON (TRX), which are exchanged for PTRX tokens and locked as collateral in the form of a collateralized debt position (CDP). Users can then mint and withdraw USDJ based on the amount of collateral deposited, which must then be repaid in order to retrieve the initial collateral.
The platform is intended to serve as a fair and borderless marketplace for DeFi products that any TRON user can access.
JUST(JST) price equal to $0.13 USD at 2021-30-04 here’s a price prediction on JUST (JST)
Furthermore, By the end of 2021 we believe the price of JUST (JST) will be around $0.52 - $0.68 USD.
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