What Is Just (JST)?
JST is a token meant for Dapp governance and different protocols belonging to the JUST ecosystem. Just can be acquired via trading, mining, and partaking in campaigns. The token is dedicated to creating TRON-based DeFi protocols and aims to deliver all-in-one financial resolutions to its users. The features of the token are:
Trust and Authorization-free - Availability and accessibility for each user, free of license from third parties; smart contracts automatically perform all dealings without any third-party acting as a medium. Smart contracts are similar to regular contracts, which run in the form of protocols on the blockchain instead of being drafted on paper.
Standard and Interoperability - The standardized financial protocol and contract-based DeFi elements. Protocols are overlaid to form more potential scenarios.
Secure - Users face fewer risks as economic business logic is executed by smart contracts, with the help of which the on-chain actions are traceable, and third-party audits can be rigidly implemented.
Decentralization - JST holders can jointly manage the JUST community and complete judgments on incentives, pooling actions for creating the next-generation DeFi ecosystem.
JST holders can partake in the governance process of the USDJ currency procedure and acquire decentralized autonomy the real fairness. USDJ is a unique currency system controlled by all token holders decentralized. USDJ is defined as a collateral-based decentralized stablecoin, pegged to USD at 1:1, and holds the exchange rate stable with an automated feedback mechanism. A peggedcryptocurrency is a cryptographically secured digital medium of exchange whose value is tied to the value of another medium of exchange, such as gold or a country-specific currency. USDJ can be acquired via staking & trading and is supported by several asset reserves to sustain price stability.
As per its whitepaper, the JUST system governance depends primarily on JST holders. As JST holders earn income from the stability prices of USDJ, holders are also liable for the management of the JUST system, which is accomplished via the selection of correct proposals by JST voters. All JST holders can vote and decide the smart contract for supporting that alters the system parameters. The contract that gets more votes becomes a reasonable proposal and has the system access to change JUST internal system management variables as per the determined logic.
History of JUST (JST)
JUST Foundation has an excellent team. Half of its technical team members are from Alibaba, Tencent, IBM, and other first-tier internet companies and are seniors in product design and development.
JUST's financial analysts come from investment banks around the world, and its operations team is experienced in the blockchain industry. JUST is also a strong supporter of the TRON ecosystem.
