JUST aims to establish a fair, decentralized financial system that provides stablecoin lending and governance mechanisms for users worldwide. The JST coin is used for paying interest, platform maintenance, voting and other activities on the JUST platform. Detailed information about what is Just coin JST, how does it work, how to buy, how much is the price of JST coin, etc. is in the continuation of the content. You can browse here for information about Band Protocol coin (BAND).
What is JUST coin (JST) and how does it work?
JUST aims to establish a fair, decentralized financial system that provides stablecoin lending and governance mechanisms for users worldwide. The first token, USDJ, is a 1:1 USD pegged stablecoin and is created by collateralizing TRX through JUST’s CDP portal. The second token, JST, can be used to pay interest, platform maintenance, participate in governance through voting, and other activities on the JUST platform.
According to the platform’s statements, USDJ is backed by a large amount of asset reserves to maintain price stability. Besides, USDJ offers fast, efficient and almost free USDJ transfer service based on TRON network.
The JST token was released on May 5, 2020, with a token sale on Poloniex LaunchBase. JUST coin (JST) is a platform-oriented cryptocurrency for the decentralized lending platform JUST. JST rewards users who help verify transactions on the network and provide liquidity through Just Network. JST holders also participate in the management of the network.
How to buy JUST coin (JST)? How much is the JST coin price?
JST coin can be purchased from the listed cryptocurrency exchanges. However, it is necessary to make sure that the exchange to be traded is “reliable”. As of September 8, 2021, the price of 1 JST coin is around $0.07. The circulating supply of JST coins is 2,260,326,706 and the total supply is 9,900,000,000.
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency