Question 1

Has the price of JUST (JST) changed recently?

Accepted Answer

The price of JUST (JST) has increased in the last 24 hours, with its current price hovering at A$ 0.105767\u003cspan class='text-neutral-500 dark:text-neutral-400'\u003e00\u003c/span\u003e. As is typical with cryptocurrency markets, prices can be quite volatile, reflecting changes in trading volume and market sentiment.

Question 2

What Is JUST (JST)?

Accepted Answer

JUST (JST) is a blockchain-based platform designed to provide decentralized finance (DeFi) services. It strives to offer a suite of financial solutions, including stablecoin lending, governance, and other monetary-related functionalities. As a project built on the TRON blockchain, it leverages the network’s features such as high throughput and scalability to provide a seamless experience for its users.

Question 3

Who Are the Founders of JUST?

Accepted Answer

The JUST platform is a product of the TRON blockchain ecosystem. Due to its decentralized nature, it’s not always straightforward to pinpoint the exact founders or team behind a project like JUST. Nevertheless, the project is aligned with the vision of TRON's founder, Justin Sun, who advocates for developing decentralized infrastructure to facilitate a distributed internet.

Question 4

How does JUST work?

Accepted Answer

JUST (JST) works by leveraging the power of smart contracts on the TRON blockchain. Users can interact with these smart contracts to engage in financial services like borrowing, lending, and earning interest on their digital assets. The platform has its own stablecoin, USDJ, which is pegged to the US dollar. Users collateralize their TRON (TRX) tokens to generate USDJ, which can then be used within the JUST ecosystem or traded on the wider market.

Question 5

What Makes JUST Unique?

Accepted Answer

JUST is unique in that it’s one of the key DeFi platforms within the TRON ecosystem. It offers a TRON-based alternative to the multitude of projects on Ethereum, which might appeal to those who prefer TRON's low transaction costs and speedy confirmations. The platform's governance model is also noteworthy as it allows JST token holders to participate in decision-making processes, ensuring a community-driven approach to its development.

Question 6

How Is the JUST Network Secured?

Accepted Answer

Since JUST is built on the TRON blockchain, it is secured by the same mechanisms that protect TRON. This involves a delegated proof-of-stake (DPoS) consensus algorithm, where 27 Super Representatives elected by TRON token holders validate transactions and produce blocks. This system is designed to offer a balance between decentralization, speed, and security.

Question 7

How Much JUST (JST) Is in Circulation?

Accepted Answer

As of the latest data available, the circulating supply of JUST (JST) is 8.2B, out of a total supply of 8.2B. Understanding the distinction between circulating and total supply is important, as it can impact the scarcity and value of the tokens.

Question 8

What Is JUST’s Role in the DeFi Ecosystem?

Accepted Answer

JUST's role in the DeFi ecosystem is centered on providing DeFi services on the TRON network. Its primary functions include the issuance of the USDJ stablecoin and the creation of a decentralized lending platform. By offering these services, JUST seeks to contribute to the diversification and accessibility of financial services in the blockchain space.

Question 9

How Is JUST's Technology Upgraded?

Accepted Answer

Upgrades to the technology behind JUST occur through the decentralized governance system. JST token holders can make proposals and vote on changes to the protocol, ensuring that updates and upgrades align with the community's interests. This process is intended to foster continuous improvement and adaptation of the platform to meet its users' needs.

Question 10

Where Can You Buy JUST (JST)?

Accepted Answer

JUST (JST) can be purchased on several cryptocurrency exchanges. Interested buyers should look for platforms that list JST and securely conduct their transactions. Please refer to the official list of Kraken, KuCoin, Indodax, DigiFinex for accurate and up-to-date information on where to buy JUST.

Question 11

How to Keep Your JUST (JST) Safe?

Accepted Answer

Keeping your JUST (JST) tokens safe involves employing best practices in cryptocurrency security. This includes using reputable hardware or software wallets to store your tokens, enabling two-factor authentication (2FA) for any online exchange accounts, and being cautious to never disclose your private keys to anyone. Regularly updating your security measures is also advisable as the digital landscape continuously evolves.

Convert JST to AUD

Try our Crypto Pro app