After selling out its stablecoin JUST in less than 5 minutes, TRON continues to add more success tales to tell.
According to an avid TRON community member, Mike McCarthy, TRON-based USDT token TRON-USDT has recorded a significant progress.
The crypto enthusiast noted that TRON-USDT is now the second largest in the crypto space, this is in terms of balance.
McCarthy related that TRON-based Tether has surpassed Omini in terms of balance, and the stablecoin is now on the look-out to overthrow Ethereum-based stablecoin that is at the moment atop.
TRON-USDT has surpassed Omni to become the 2nd largest Tether balance.
— Mike McCarthy #❤️❤️❤️ (@MikeNerdUK) May 7, 2020
Justin Sun’s JUST (JST) Stablecoin Sold Out in Less Than 5 Minutes
JUST (JST), a lending token of TRON’s decentralized platform, was the first project to be launched on the LaunchBase token sale platform launched by Poloniex early last month.
Aside from normal sales of Token, the LaunchBase offers other services which include support and consulting for blockchain projects.
According to a Twitter post by Poloniex exchange, it only took 4 minutes and 26 seconds to record a complete sale of the token.
The available token was sold out immediately because the demand for the token was so high, Poloniex has however declared that the JUST token will in no time be accessible on its platform and that it has put necessary measures in place to ensure fast trading and token withdrawal.
JUST is stable in price as it set at a 1:1 to USD which is similar to that of the Stablecoin Tether. Tether, since its introduction has brought about an increase in the use of stablecoin by investors as they seek to secure their investments from price fluctuations.
However, a large number of crypto Twitter user complained that they were unable to purchase $JST because the Poloniex website was at first not inaccessible but became accessible after the token sale was over.