π° JUST(JST) Coin Complete Guide: From Beginner to Expert!
Hello! Are you curious about JUST(JST) coin, which is attracting attention in the cryptocurrency market? π€ Today, we will take the time to dig into everything about JUST coin. I will explain in detail about this coin, which plays an important role in the DeFi(decentralized finance) ecosystem, so that even those who are new to cryptocurrency can easily understand it. I think it will be useful information for both those considering investing and those who are simply curious! π
π 1. Introduction to JUST (JST) Coin
JUST Coin is a governance token issued by JUST Protocol, a decentralized finance (DeFi) platform and one of the core components of the TRON blockchain ecosystem. This platform was created to overcome the limitations of the traditional financial system, and provides innovative services that help users generate passive income through lending, borrowing, and staking assets without the intervention of centralized institutions.
The biggest feature of JUST Coin is that it can utilize the high processing speed and low fees of the TRON blockchain. This allows users to use DeFi services more efficiently.
On the JUST platform, the JST token goes beyond a simple means of payment and also serves as a voting right to participate in platform governance. Token holders can vote on major policy decisions and updates of the platform, which allows them to directly influence the development direction of the platform. They can also be used to pay transaction fees within the platform or receive rewards for various DeFi activities, which makes it very practical.
π 2. History and Development of Just Coin
The history of Just Coin dates back to April 2020. At that time, when the DeFi craze was just beginning, the Just project, launched with strong support from the TRON Foundation, received considerable attention from the beginning. In particular, it was expected to be a platform that could play a role similar to MakerDAO within the TRON ecosystem.
Since mid-2020, the Just platform has shown rapid growth. TVL (Total Value Locked) has steadily increased, and the number of users has also increased exponentially. This was due to the fast transaction processing speed and low fees of the TRON blockchain. While Ethereum-based DeFi protocols have high gas fees that make it difficult for retail investors to enter the market, Just has provided DeFi services that are easily accessible to everyone.
π― Key Developments
April 2020: Just Protocol Mainnet Launch
July 2020: JustLend Lending Service Launch
2021: JustSwap DEX Integration and Liquidity Mining Start
2022-Present: Continuous Protocol Upgrades and Ecosystem Expansion
Just Coin has undergone several important updates and feature improvements since its launch. In particular, it has put a lot of effort into improving the user experience (UX) and continuously evolving the interface so that even ordinary users can easily understand and use complex DeFi concepts. Thanks to these efforts, JUST has been able to secure a significant user base in the Asian region, especially in China and Korea.
⚙️ 3. JUST Coin's Working Principles and Technical Features
JUST Coin is a token that follows the TRC-20 standard and operates on the powerful infrastructure of the TRON blockchain. The TRON network boasts high performance, capable of processing about 2,000 transactions per second, which allows Just Platform users to enjoy a fast and smooth trading experience.
π§ Key Technical Features:
• Uses DPoS (Delegated Proof of Stake) consensus algorithm
• Block generation time of 3 seconds on average
• Transaction fees close to zero
• Full support for smart contracts
The core of Just Platform lies in the smart contract technology. All transactions and financial products are automatically executed through pre-programmed smart contracts, which means that transparent and fair transactions can be made without human intervention or manipulation. For example, when a user wants to borrow USDT using Just Coin as collateral, the smart contract automatically calculates the collateral ratio and executes the loan immediately if the conditions are met.
In addition, the Just platform adopts the CDP (Collateralized Debt Position) system, so users can issue stablecoins using their cryptocurrency assets as collateral. In this process, the JST token plays an important role in maintaining the stability of the system and performing governance.
πΌ 4. Various uses and utilization plans of Just Coin
Just Coin has a wide range of uses. The most basic and core use is lending and borrowing services. Users can use their JST tokens as collateral to borrow other cryptocurrencies or stablecoins. This is a very effective way to secure liquidity without selling assets.
π― Key Applications
1️⃣ Collateralized Loan Service
2️⃣ Liquidity Mining & Staking
3️⃣ Participate in Governance Voting
4️⃣ Discount on DEX Trading Fees
5️⃣ Participate in New Token Launchpad
Staking service is also one of the popular ways to use JST tokens. If you lock up tokens for a certain period of time, you can receive additional JST tokens or other rewards, which can generate passive income. Currently, the Just Platform provides various staking options, and the annual yield varies depending on the staking period and amount.
Liquidity Providing is also an essential usage method. By providing liquidity to trading pairs such as JST/USDT, JST/TRX, etc. on DEXs like JustSwap, you can receive a certain percentage of the trading fees as a reward. This is a meaningful activity that can generate additional profits through market making while also contributing to improving the liquidity of the entire ecosystem.
Participation in governance is a special right that only JST token holders can have. You can vote on major policy changes, new feature additions, fee structure changes, etc. of the platform, and the voting rights are given in proportion to the number of tokens held. This allows token holders to exert influence in directly determining the future of the Just ecosystem.
πͺ 5. Just Coin Exchange Information and Selection Guide
Just Coin is currently actively traded on major cryptocurrency exchanges around the world. Representative centralized exchanges include Binance, Huobi, Bybit, and domestically, Upbit, Bithumb, and Coinone. Since each exchange has different trading volume, liquidity, and fee structures, it is important to choose an exchange that suits your trading style and purpose.
Things to consider when choosing an exchange:
π Daily trading volume and liquidity level
π° Trading fees (maker/taker fees)
π Security rating and hacking history
π Accessibility from your area of residence
π³ Variety of deposit and withdrawal methods
Trading on decentralized exchanges (DEXs) is also gaining popularity. JustSwap is a representative DEX in the TRON ecosystem and can be said to be the home of the JST token. Here, you can trade with lower fees than centralized exchanges, and you can start trading immediately without KYC procedures. However, it may be a bit complicated for beginners, so we recommend that you learn enough before using it.
When choosing an exchange, don't just look at the fees, but also consider the quality of customer support service. In particular, it is recommended to check in advance whether Korean support is available and whether quick responses are possible in case of problems. Also, please find out about the exchange's insurance policy and user asset protection measures.
π 6. Just Coin Community and Ecosystem
One of the factors for Just Coin's success is its active and healthy community. It shares information in real time on various social media channels, centered around the official website (just.network). JST holders and developers around the world are communicating on platforms such as Twitter, Telegram, Discord, and Reddit, contributing to the development of the project.
The official Telegram channel is particularly useful because you can receive real-time updates and community managers directly answer users' questions. They also regularly hold AMA (Ask Me Anything) sessions to maintain transparent communication between the project team and the community.
π± Main Community Channels:
• Official Twitter: @DeFi_JUST
• Telegram: JUST Official
• Discord: JUST Community
• Medium: Technical blogs and development updates
• YouTube: Educational content and tutorials
The Korean community is also quite active. JST-related information is shared in Korean on Naver Cafe, DC Inside, and various cryptocurrency communities. Trading strategies, technical analysis, and the latest news are actively discussed here. By participating in the community, you can get useful advice from experienced investors and gain access to different perspectives on market trends, which will help you make investment decisions.
The developer community also plays a very important role. The source code of Just Protocol is open on GitHub, and anyone can participate in the development or report bugs. This open source spirit greatly contributes to the transparency and security of the project.
π 7. Just Coin Wallet and Security Guide
Choosing a reliable wallet is the most important thing to keep your Just Coin safe. Since JST is a TRC-20 token, it can only be stored in wallets that support the TRON blockchain. Fortunately, there are many options on the market today, so you can choose according to your needs and preferences.
π‘️ Guide to Recommended Wallets
Mobile Wallets: TronLink, Trust Wallet, imToken
Desktop Wallets: TronLink (PC version), Exodus
Hardware Wallets: Ledger Nano S/X, Trezor
Web Wallets: TronLink Browser Extension
For beginners, I highly recommend TronLink. It is an officially supported wallet by the TRON Foundation, and it is intuitive to use and integrates very well with the Just Platform. It provides both a mobile app and a browser extension, so you can use it conveniently depending on the situation. It also has a built-in DApp browser function, so you can use DeFi services directly on the Just Platform, which is very convenient.
For investors who value security more, we recommend a hardware wallet. Hardware wallets such as Ledger or Trezor can protect your assets from hacking or malware because they store your private keys offline. However, the usage is somewhat complicated and costs money, but if you plan to store a large amount of JST tokens for a long time, it is worth the investment.
⚡ Security Rules Checklist:
✅ Never share your private key and seed phrase with others
✅ Beware of phishing sites - always check the official URL
✅ Keep your wallet software up to date
✅ Set up 2FA (two-factor authentication)
✅ Perform regular backups
When setting up your wallet, be sure to back up your recovery phrase (seed phrase) to a safe place. This recovery phrase is the only way to restore your wallet if your device is lost or broken. We recommend writing it down on a piece of paper and storing it in several places, or saving it on an encrypted USB. Never store it in online storage such as cloud or email.