Can JUST (JST) Profit from TRON-based DeFi Protocols?

JUST (JST) is an effort to develop TRON-based DeFi protocols and all-in-one financial solutions.

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To explain, TRON (TRX) is a popular and widely used blockchain protocol. TRON claimed to support 136.474 million accounts that processed 5.86 billion transactions?on 16 January 2023. TRON claimed to have a block height of 47.768 million and to have transferred $6,447.83?billion worth of Core Tokens on 17 January 2023.

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TRON claimed to be the 17th?global ranked cryptocurrency with a Total Market Cap of $5.765 billion on 16 January 2023. They claimed 88.38 million accounts were holding TRON on 16 January 2023. TRON had a $247.30 million 24-Hour Transaction Volume and a 5.86 million 24-Hour Transaction account on 16 January 2023.

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Thus, they are building JUST on a widely used blockchain that is generating some income. TRON claims some major companies including Opera, Samsung, Swiss.com the largest telecom in Switzerland, BitTorrent, APENFT, and Poloniex.

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TRON supports a sidechain project they call DAppChain or the Sun Network. A sidechain is a less-encrypted blockchain that connects other blockchains. For example, TRON and Ethereum (ETH)?or TRON and?Binance (BNT).?The Sun Network’s goal?is to support decentralized apps (DApps) with higher speed, stronger security and lower energy consumption.

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What is JUST (JST)?

JUST (JST) supports three all-in-one financial solutions. Those solutions are JustStable a US Dollar stablecoin, the JustLend DAO (decentralized autonomous organized), and Just Cryptos.

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JustCryptos builds bridges that connects premium cryptocurrencies?on the TRON network and other public chains. For example, connecting?Bitcoin?(BTC) to TRON.

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JustStable (USDJ)?is a decentralized finance system they build around the USDJ stablecoin. They claim JST holders can participate in the governance of JustStable. I could not find price information for JustStable on 15 January 2023. A stablecoin is a cryptocurrency that contains a smart contract or DApp that makes payment in fiat currency when somebody spends it. For instance, JustStable makes payments in US dollars.

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The JustLendDAO is the first official lending platform on TRON.?The JustLend DAO supports a?lending market.

They claim TRON users can borrow, deposit assets, and earn interest on JustLendDAO. JustLendDAO’s features include Automatic Order Matching, which matches borrowers with lenders. It also offers generous returns while integrating with TRON DeFi. They claim JustLend is fast and cost-effective.

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JUST (JST) Features

They claim JUST is free of authorization from third parties. Instead, smart contracts execute all transactions in JUST.

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A smart contract is a digital contract they store on the blockchain. A smart contract executes an agreement or contract when they meet certain conditions. For example, a stablecoin smart contract makes payment in fiat currency when you spend the token. One way to think of smart contracts is as digital robots.

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JUST’s builders claim users all actions on its blockchain are traceable and easy to identify by third party audits because smart contracts execute transactions. They claim this enhances security.

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They claim JUST supports standardized financial protocol and contract-based DeFi factors. Ultimately, just will form a DeFi ecosystem that JST holders will govern.

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An organization they call the JUST Foundation?is building JUST. They claim veterans of major tech companies such as Facebook (META), Alibaba (BABA), Alphabet (GOOGL), and Yahoo! Comprise half of the Foundation’s tech team.

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What Value Does JUST Offer?

JUST (JST) claimed to have $7.05 billion in Total Locked Value in JustDeFi and $10.671 billion in Total Locked Value on the TRON Network on 16 January 2023.

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CoinMarketCap named JUST (JST)?the 11th?most trending cryptocurrency on 15 January 2023. CoinMarketCap named JUST its 134th-ranked cryptocurrency on 16 January 2023 with a Coin Price of 2.392?.

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CoinMarketCap gave JUST a $212.966 million Market Capitalization, a $236.823 million Fully Diluted Market Cap, and a $13.512 million 24-Hour Market Volume on 16 January 2023. JUST had an $19.110 million Centralized Exchange (CEX) Volume and a $404,728 Decentralized Exchange Volume on 16 January 2023. They base those numbers on a Circulating Supply of 8.902 billion JST, and a Maximum Supply of 9.9 billion JST.

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In contrast, CoinGecko gave JUST a 2.39? COIN Price and a ranking of 155th?on 16 January 2023. CoinGecko gave JUST a $212.847 million Market Cap, a $12.738 24-Trading Volume, a $236.717 million Fully Diluted Valuation, and a $586,024 Total Locked Value on 16 January 2023. They based those numbers on an 8.902 billion JUST Circulating Supply, and a 9.9 billion JUST?Maximum Supply.

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I think JUST is an interesting DeFi protocol that could obtain some value. In particular, I think there could be an enormous demand for the JUSTLendDAO’s lending services. Speculators seeking a DeFi protocol capable of growth need to investigate JUST (JST).