What is $JST (JUST Token)? 🔑💰
$JST is the native utility token of the JUST platform, a decentralized finance (DeFi) ecosystem built on the Tron blockchain. It powers several DeFi applications, with the most prominent being JUST Lend and JUST Swap.
The platform allows users to create and trade USDJ, a stablecoin pegged to the US dollar, while also enabling lending and borrowing with interest.
Key Features of $JST:
Governance 🗳️: Token holders can vote on important platform decisions.
Staking 💎: $JST can be staked to earn rewards and boost platform utility.
Utility in DeFi 🔄: Used for transaction fees, staking, and participating in platform features.
How Does it Work?
JST is used within the JUST ecosystem for governance and transactions, allowing users to earn rewards and have a say in platform development.
It's also used as a collateral asset in the platform’s lending protocol.
Conclusion:
JST serves as a vital piece of the JUST ecosystem, enabling decentralized financial operations on the Tron network. With its utility in DeFi lending and governance, $JST aims to become a prominent token in the blockchain space. 🚀
