TRON Foundation’s JUST (JST) token has seen close to 3600% return on investment (ROI) within 5 months of launch, extracted data from CoinMarketCap has shown.
The Decentralized stablecoin was the first token to be sold on Poloneix token sale platform “LaunchBase.” The platform was launch early April and announced that it would kickstart with the TRON Foundation’s JUST token.
Justin Sun, the founder of TRON and CEO of BitTorrent, declared the launch in April and initially branded the project as “Djed.” JST was first touted as a semblance of MakerDAO.
The stablecoin lending platform JUST has its token to be JST. According to Justin Sun, JUST was invented to stand as a “fair” DeFi protocol offering stablecoin lending and governance mechanisms for its users.
On the platform users can stake TRX via JUST’s CDP [Collateralized Debt Position] portal to generate USDJ, a stablecoin pegged to USD at a 1:1 ratio,” says Poloniex when it announced the launch of the token. Remember Justin Sun was one of the investors that acquired Poloniex in 2019.
How JUST (JST) is Faring
Now, within a short time the JUST project was launched on LaunchBase, the digital token has been performing excellently.
The launch of JUST on Poloniex signaled the beginning of glad tidings, the token sale was completed in just a single round.
On completing its maiden JUST (JST) token sale, all the 396,000,000 JST tokens were bought by participants. The global sale of the token started on May 5, 2020, 14:00 (UTC) and was completed on the same day at exactly 14:04 (UTC). This indicates that the token sale was done within 4 minutes.
The JUST token is now available on Binance, and on the heel of the exchange’s announcement, JST soared by 30%.
In all, JST has been an excellent performer in the DeFi space. With an ROI of 3610.25%, JST has been doing fantastic in the crypto market.
1 JST was worth 0.00202 USD during its launch, and the digital token has been maintaining the $0.007 range from then until July 21 when it started moving higher.
At the time of filing this report, 1 JST is worth $0.0747. Today, the digital token reached its all-time high of $0.092028, this was due to the Binance listing that made JST see 35% price increase. Yesterday, the digital token saw an upsurge of 49%.
JUST has a circulating supply of 1.4 billion JST, a total supply of 9.9 billion JST, and a market cap of $107,443,298, all according to CoinMarketCap.
JUST (JST) Seals More Partnership
The TRON Foundation is trying to link JUST with its other project. Yesterday, Justin Sun announced that JUST has signed a strategic collaboration with BitTorrent. NewsLogical reported that the BiTorrent aims at building the best DeFi on JUST.
Also, JUST, Steem Network and Steemit have announced a strategic partnership, signaling that the DeFi system aims at building a robust network that accommodates almost everything in the TRON Foundation ecosystem.
In the same vein, WINk and JUST have signed an agreement, and WIN will be automatically added as one of JUST’s collateral tokens.
As the sensation around the JST price increase continues, different exchanges are joining Binance in listing the digital token. Already, Huobi, Gate.io, and CoinEX have all listed JST.
