Review on JUST by Olugbenga Ajayi
Just a newest project on Tron network
Just is a new decentralized stable coin lending project that was established on Tron network recently. The ICO was sold in May 2020 on poloniex exchange and billions of its token was sold within just 5 minutes.
There are two tokens for this project. One is USDJ which is pegged at ratio 1:1 with USD. It is used for collateralizing TRX via It's CDP portal. The other one is JST which is an utility token useful for payment of interest on loans, Platform maintenance, as reward participation in votes. It is also given as airdrops for everyone one holding 100 TRX.
Recently, JUST is available for trading on Binance exchange which has given it more than double of its value.
It is a project that gives a lot of controls in the hand of stakeholders allowing them to participate in voting and governance issues.
Although the project is new I believe it is a good project with promising future.
Pros
- People in Tron ecosystem can earn JST as airdrops
- Stakeholders can earn JST as reward as they participate in governance issues
- Stakeholders are allowed some controls over the project through voting
- It is listed on conimarket cap
- A token on big exchanges like Binance has a profitable future
Cons
- Jst value is too low to reckon with for now
