$0.1319
-0.0102 (-7.15%)24H
JUST price, last 12 months
0.14280.13180.0311
JUST market data
- 24H High
- $0.1422
- 24H Low
- $0.1318
- 24H Volume
- 31.64M JST
- All Time High
- $0.2020
- All Time Low
- $0.004500
- Correlation with BTC
- 0.07
- Return on Investment
- +79.04%
- Market Cap
- $1.08B
About JUST
JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.
JUST on-chain holders
Holding Amount
Distribution of addresses by the amount of tokens held.
- 0-1K99.75%
- 1K-100K0.12%
- 100K+0.13%
Time Held
Distribution of addresses by how long tokens have been held.
- Cruisers0.62%
- Holders99.26%
- Traders0.11%
Whale Holdings
Percentage of tokens held by whale addresses vs others.
- Others54.56%
- Whales45.44%
Cryptocurrencies similar to JUST
JUST whitepaper summary
USDJ is a user-friendly stablecoin on the TRON network that maintains a steady value of $1.
It functions like a digital dollar backed by TRX (TRON's cryptocurrency) as collateral, providing stability in the volatile crypto market.
Users can create these digital dollars by locking up their TRX in special smart contracts, making it easier to trade and use cryptocurrency without worrying about price fluctuations.
Since its launch, USDJ has become essential to TRON's DeFi ecosystem, enabling stable transactions and providing reliable liquidity across various decentralized applications.
The system's innovative design combines security, stability, and user accessibility, making it an attractive option for both newcomers and experienced crypto users.
USDJ operates through a secure and straightforward system that anyone can use.
Think of it like a digital vault (called a CDP - Collateralized Debt Position) where you lock up your TRX and receive USDJ in return.
The process begins by converting your TRX into PTRX, which acts as a special receipt that the system recognizes and tracks.
Once you deposit PTRX into your digital vault, you can create USDJ based on the value of your collateral.
The system maintains USDJ's $1 price through a sophisticated price control mechanism called the Target Rate Feedback Mechanism.
This mechanism works like a smart thermostat - when USDJ's price rises above $1, it becomes easier to create more USDJ, helping bring the price down.
Conversely, if the price falls below $1, the system makes USDJ creation more challenging and encourages holding, which helps push the price back up.
For added security, there's a Global Settlement Mechanism that acts as an emergency brake.
If serious problems arise, trusted community members can activate this mechanism to freeze operations and ensure everyone recovers their collateral fairly.
The system features multiple security layers, including improved oracle systems that provide accurate price data and automatic safety checks that protect user assets.
USDJ works alongside JST (JUST token) in a carefully designed economic system.
When users want to retrieve their locked TRX, they must repay their borrowed USDJ plus a small stability fee paid in JST tokens.
These JST tokens are permanently removed from circulation through burning, creating a decreasing supply over time.
The system maintains several crucial parameters for stability:
- A maximum limit on total USDJ creation (debt ceiling)
- Required collateral ratios for borrowing
- Penalty fees for risky positions
- Stability fees for borrowing
JST token holders can vote to adjust these parameters, similar to shareholders voting on company policies.
This governance system ensures the platform can adapt to changing market conditions while maintaining stability.
The economic model encourages responsible borrowing and active participation in governance, creating a sustainable ecosystem.
Regular parameter adjustments based on market conditions and user feedback help optimize the system's performance and security.
The JUST system follows a community-driven development path focused on growth and adaptation.
The platform begins with basic governance features allowing straightforward, one-time proposals.
As the system matures, it introduces more sophisticated governance options that enable ongoing adjustments and improvements.
The primary goal is establishing USDJ as a cornerstone of TRON's decentralized finance ecosystem.
Recent developments have expanded USDJ's utility across various DeFi applications and improved its compatibility with other blockchain networks.
The system's flexible design allows for continuous improvements based on community needs and market conditions.
Future plans include enhancing security features, expanding use cases, and strengthening USDJ's position in the broader cryptocurrency market.
The platform maintains a strong focus on user experience while implementing technical improvements.
The JUST team has created a unique system where the community holds the reins of power.
While the team developed the initial framework, ongoing management and development decisions rest with JST token holders.
These token holders participate in crucial decisions about system operations, including:
- Selecting trusted price data providers
- Setting risk management parameters
- Approving system upgrades
- Implementing new features
The team designed the system to be self-sustaining, with active community participation driving its evolution.
A growing network of developers contributes to the ecosystem through various projects and improvements.
Regular community engagement ensures the platform remains responsive to user needs and market changes.
The team maintains transparency through regular updates and open communication channels.
Latest JUST news
coinmarketcap.com
Ripple Partners with Cross River Bank to Integrate RLUSD into US Banking
coinmarketcap.com
Qivalis Receives Dutch Central Bank Authorization as Electronic Money Institution
coinmarketcap.com
Bastion Challenges SkyAI's 70% SOL Reduction
coinmarketcap.com
Standard Chartered Launches Bitcoin and Ether Trading Services in UAE
coinmarketcap.com
Ledger Confirms Details of Hardware Wallet Incident
JUST FAQ
JUST (JST) is trading at $0.1319, down 7.15% over the last 24 hours.
The market cap of JUST is $1.08B, ranking #59 among cryptocurrencies.
Our model's year-end 2026 target for JST is $0.0341.
Our model's 2030 target for JST is $0.0422.
On the daily chart JST currently shows 3 buy signals and 5 sell signals. This is not investment advice.
The all-time high of JST is $0.2020.
This page is for informational purposes only and is not investment advice. Cryptocurrency prices are highly volatile.