Explained: What Is JST?

In this session, we will discuss a Tron blockchain-based decentralized DeFi network, JUST. JustStable, a decentralized stablecoin lending platform, powers the ecosystem. It operates via a decentralized stablecoin system comprising USDJ and its governance token, JST.

How Does JUST Work?

JUST was founded by Justin Sun and launched 5 years ago. Their team comprises associates from some of the best organizations and they work as a subsidiary of the Tron Network to expand the existing Tron Ecosystem.

For starters, JUST network allows users to lend their JustStable holdings to earn interest. JUST also features a Tron-bridge that connects it to other premium blockchains. JUST token holders will also have access to a one-of-a-kind JUST token lending DAO. This lending DAO project also contains a governance DAO where token holders may propose network modifications, handle community complaints, and make a variety of other choices that need collaborative and communal agreement.

-DeFi for Tron: JUST is the first Tron-specific decentralized financial network. JUST’s DeFi system brings together a variety of crypto financial options under one roof.

-JUST Cryptos: A bridge that connects premium crypto currencies from the TRON network and other public chains.

-Governance: JUST token holders are authorized to make critical network improvements through community vote.

So what sets JUST apart from other projects? The JUST network does not require any third-party authorization. All transactions and activities are carried out through a self-executing smart contract. Users’ funds are also at low risk since the digital contract executes all transactions on-chain. In the event of a disagreement, a third-party audit may be enforced.

How to trade JST on Toobit

You can buy JUST Token (JST) on Toobit seamlessly with the following steps:

1. Log in to your Toobit account and click Trade. Click on "Spot".

2. Search “JST” using the search bar to see the available trading pairs.

3. Scroll down and enter the amount of JST you wish to buy or sell. You can choose from opening a Limit order or a Market order. Click "Buy JST" or "Sell JST" to confirm your order.

Final Thoughts

As you dive into the guidance and market analysis from Toobit, always remember to check out our new listings – we have more amazing projects and trending tokens to come! Visit the Market section as well to uncover more featured popular tokens. Feel free to visit Toobit Academy and learn more about the Web3 space!