05 Apr 2025

light mode

JUST (JST): The DeFi Ecosystem on TRON

JUST represents an initiative focused on creating DeFi products compatible with the TRON blockchain, with its inception dating back to 2020.

On this page

JUST products

USDJ. This decentralized stablecoin is pegged to the US dollar at a 1:1 ratio and backed by fiat reserves. 

It keeps its exchange rate stable with an automatic feedback mechanism. If the USDJ price dips below $1, this mechanism escalates the target rate for Collateralized Debt Positions (CDP), thus shrinking the supply of USDJ. Consequently, the market value of USDJ reverts to the target level. In contrast, if the price exceeds the target level, the mechanism lowers the target rate, leading to a decrease in market price.

The stablecoin can be earned as a reward for engaging with the JustLend DAO platform services such as staking and trading. Furthermore, you can secure a loan in USDJ by providing collateral in the form of TRX or other tokens. These collateral assets are then locked within JustLend DAO serving as a debt deposit. 

JustLend DAO. This DeFi platform specializes in cryptocurrency lending and yield farming. Users can stake tokens, secure loans backed by collateral, participate in yield farming, and lease energy for conducting transactions within the TRON network.

Energy, integral to transactions, is a key aspect of the TRON blockchain. Each transaction on JustLend DAO relies on energy that stems from either staking or burning TRX. Interestingly, the Just DeFi platform provides the option to rent this energy without the need to resort to the traditional methods mentioned.

Key advantages of JustLend DAO:

  • The ability to withdraw staked tokens at any time
  • Its compatibility with other TRON-based applications
  • Swift and cost-effective transactions

Just Cryptos. Acting as a cross-chain bridge, it connects tokens originating from the TRON blockchain with other cryptocurrencies. Additionally, it facilitates connectivity between the TRON blockchain and the entire JUST ecosystem, thereby enabling the transfer of assets between these platforms.

Homepage of the JUST website, source — just.network

Homepage of the JUST website, source — just.network

The platform’s native token

JST is the native token employed within the suite of JUST DeFi products. It serves not only to manage the platform but also as a means for token holders to vote on improvements to decentralized applications (dApps).

In addition, JST operates as the transaction fee mechanism on the JustLend DAO platform, ensuring smooth operations. Beyond this, the JST token can be deposited into the DeFi platform, and offered as liquidity for lending purposes, among other uses. 

The token debuted on the Poloniex exchange via an Initial Exchange Offering (IEO) in May 2020. 

Here is a breakdown of the JST distribution:

  • 30% is locked within the ecosystem
  • 26% has been assigned to strategic partners
  • 19% is kept by the team
  • 11% has been reserved for seed sale
  • 10% was distributed to TRX token holders through airdrops
  • 4% was made available for public sale

At the time of the article, the market capitalization of the token stands at $208.3 million according to CoinGecko, with 8.9 billion JST tokens circulating. The maximum supply is capped at 9.9 billion coins. 

The creators of the JUST DeFi ecosystem

While specific names of the project founders aren't disclosed on the JUST website, it does reveal that the products have the backing of the Just Foundation. The team includes technical experts with experience at major corporations such as Alibaba, Google, IBM, Tencent, Facebook, and Yahoo.

However, CoinMarketCap lists individuals who could potentially be associated with the project, including developers Terance F and Elvis Zhang, cryptocurrency expert C Wu, and blockchain engineer GL Kong.

Moreover, those working on JUST's products include analysts with backgrounds in international investment companies and seasoned blockchain experts who are advocates of the TRON network.

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
Bitget Secures Digital Asset Service Provider License from El Salvador

Bitget Secures Digital Asset Service Provider License from El Salvador

Crypto exchange Bitget has received the Digital Asset Service Provider (DASP) license from El Salvador, allowing the platform to expand its crypto offerings in the country.

Anahit Avetisyan
Free ChatGPT Plus Now Available for College Students in North America

Free ChatGPT Plus Now Available for College Students in North America

OpenAI has announced free access to ChatGPT Plus for college and university students in the United States and Canada until May 2025.

Vlad Vovk
BTC Faces Resistance at $85K as Trade War Pressure Mounts

BTC Faces Resistance at $85K as Trade War Pressure Mounts

Bitcoin remains pinned under $85,000, as global markets digest rising tensions between the U.S. and China over fresh tariffs.

Anton Kryshtal
BTC’s Wild Ride Isn’t Over: Fed’s Move Up Next

BTC’s Wild Ride Isn’t Over: Fed’s Move Up Next

Recent tariff implementations by President Trump, met with China’s retaliatory measures, have introduced significant volatility into the cryptocurrency market. Investors are now keenly awaiting employment statistics and the Federal Reserve’s forthcoming decisions on interest rates.

Dmytro Psevdonimenko
Shibetoshi Nakamoto: The Man Behind Dogecoin and the Meme Revolution

Shibetoshi Nakamoto: The Man Behind Dogecoin and the Meme Revolution

Shibetoshi Nakamoto didn’t wear hoodies or chase venture capital. He never claimed he was going to reinvent finance or save the world with blockchain. He just cracked a joke.

Elina Moskovchuk
Cathie Wood: A Disruptor or a Dreamer Losing Touch With Reality?

Cathie Wood: A Disruptor or a Dreamer Losing Touch With Reality?

Cathie Wood (ARK Invest) has long been a polarizing figure on Wall Street. But who is she, really? Let’s take a closer look to see the full picture.

Elina Moskovchuk
The Visionary Behind Crypto.com: Kris Marszalek’s Rise to Fame

The Visionary Behind Crypto.com: Kris Marszalek’s Rise to Fame

Kris Marszalek became a well-known figure in the crypto world after one of the most infamous Super Bowl ads in history.

Elina Moskovchuk
Fiat Money vs Commodity Money: What’s the Difference?

Fiat Money vs Commodity Money: What’s the Difference?

Explore the key differences between fiat money and commodity money. Learn about their intrinsic value, historical context, advantages, disadvantages, and real-world examples.

The Coinomist
Blockchain Trilemma: Explained with Real-World Examples

Blockchain Trilemma: Explained with Real-World Examples

In recent years, blockchain technology has gained immense popularity, being the backbone of cryptocurrencies, decentralized finance (DeFi), and various other applications. However, as the technology continues to evolve, a crucial problem has surfaced: the blockchain trilemma.

The Coinomist
How Is a Cryptocurrency Exchange Different from a Cryptocurrency Wallet?

How Is a Cryptocurrency Exchange Different from a Cryptocurrency Wallet?

A guide detailing the differences between cryptocurrency exchanges and wallets. Learn about their distinct roles, security features, liquidity, and user control in the digital asset ecosystem.

The Coinomist
What Are Assets? Differences Between Coins and Tokens

What Are Assets? Differences Between Coins and Tokens

Discover the meaning of assets in finance and crypto, and learn the key differences between coins and tokens to make informed investment decisions.

The Coinomist
What Is a Margin Call? An Essential Guide

What Is a Margin Call? An Essential Guide

A comprehensive guide to understanding margin calls in trading. Learn what triggers them, how they work, their risks, and strategies to manage or avoid them

The Coinomist
What Happens When Bitcoin Runs Out? Predictions and Strategies

What Happens When Bitcoin Runs Out? Predictions and Strategies

Explore what happens when Bitcoin reaches its 21 million supply cap. Learn how the shift from block rewards to transaction fees could impact miners, investors, and the entire ecosystem.

The Coinomist
Arthur Hayes Challenges Fed Independence in His New Essay “The BBC”

Arthur Hayes Challenges Fed Independence in His New Essay “The BBC”

In his latest essay “The BBC,” Arthur Hayes examines the emotional pressures on the Federal Reserve and the monetary policy challenges that could lead to increased liquidity in the crypto market.

Dmytro Psevdonimenko
Trump’s “US Crypto Reserve” Plan: A Game Changer or Just Talk?

Trump’s “US Crypto Reserve” Plan: A Game Changer or Just Talk?

It takes just one post from Trump to stir the crypto market. Recently, he announced on Truth Social that the evaluation of a strategic crypto reserve is in progress as part of his broader Trump crypto policy.

Anahit Avetisyan
MORE
Singapore’s Crypto Scene: Where High-Tech Meets Luxury Living

Singapore’s Crypto Scene: Where High-Tech Meets Luxury Living

Glass towers shimmer under the tropical sun, yachts idle in turquoise waters, and the hum of innovation fills the air—Singapore is where the crypto elite come to live, build, and belong.

Iaroslava Kramarenko
Living Crypto in Vienna: Where to Spend, Stake, and Socialize

Living Crypto in Vienna: Where to Spend, Stake, and Socialize

Vienna has always been classy—but now it’s crypto-savvy too. Whether you’re spending Bitcoin on your morning coffee or mingling with Web3 insiders, crypto Vienna has you covered.

Yara Zornell
MORE