JUST

Purpose and Overview

JST is the native token of the JUST protocol, which operates on the TRON blockchain. The JUST protocol was designed to serve as a decentralized lending platform where users can mint USDJ (a stablecoin) using TRX as collateral. JST functions as a governance token for the protocol, allowing holders to participate in decision-making processes regarding protocol parameters and development.

Business Model and Utility

The primary utility of JST includes governance rights in the JUST ecosystem, participation in protocol decisions, and serving as a mechanism for stability fee payments. Users who mint USDJ are required to pay stability fees in JST.

Real-World Adoption

The protocol has maintained active usage within the TRON ecosystem, with regular governance proposals and ongoing protocol development. The platform continues to process lending and stablecoin minting operations, though at a relatively modest scale compared to larger DeFi protocols.

Development Activity

The project maintains regular updates and improvements to its protocol, with an active development team. The GitHub repository shows consistent commits and technical improvements.

Token Distribution

JST's token distribution includes allocations to the team and early investors, with vesting schedules in place to prevent immediate selling pressure. A significant portion of tokens is distributed through community mining and governance participation.