JUST Tokens Airdrop for Tron TRX Holders

Tron TRX holders now enjoy a regular windfall over the next two years, as 10% of the total supply of JuST is given away. The Just token, which was issued in limited supply on Poloniex’s IEO platform at the start of the month, will be allocated to TRON users who hold a minimum balance of 100 Tron TRX when each snapshot is taken. The first of everything, scheduled for 00:00 UTC on May 20, will be followed by a distribution of 2.2% of the JST total supply.

JUST Tokens Airdrop for Tron TRX Holders

A total of  9.9 billion JUST tokens will be minted till now, but in the meantime they remain relatively scarce, the JUST token LaunchBase sale on Poloniex exchange sold out in four and a half minutes, and the supply of JST Tokens is currently limited to 396 million. This may be account for why the JST token has performed so well on the secondary market, posting seven-day price growth of over 30%. price is expected to increase further once exchanges supporting the JST airdrop allocate it to TRX holders and open trading for it.

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TRON TRX Users Gear Up for Two-Year JUST Token Airdrop James Woods  May 19, 2020, Feature.

Not Just a Stablecoin

There has been confusion over the role played by the JUST token within the JST ecosystem. This is to be expected of a project network that is still very much in its infancy and is not yet operational for its intended purpose. Once launched, JST token will form a decentralized ecosystem for stable coin issuance which supports an array of secondary applications including lending. USDJ token will operate as a USD-pegged stable coin, leaving JST to serve as a complementary utility token. 

JUST token will be used for interest price payments, administration, and platform maintenance, while USDJ will be created using collateralized TRX. In this manner token, the system can roughly be likened to MakerDAO’s DAI and MKR coins, with the latter sharing some characteristics with JST. TRON TRX users who have yet to fully fathom the function of JST won’t be concerning themselves with this in the interim; ahead of the imminent JUST snapshot, they’ll be more concerned with maintaining a minimum balance of 100 TRX in a wallet to qualify.

The Evolution of Airdrops

Giveaway and Airdrops ICOs as a mechanism for token distribution have waxed and waned with tokens with different approaches applied in a bid to bootstrap communities and generate network effects. The scattergun approach that defined the Initial Coin offering era of 2017 saw tokens dropped into the wallets of Ethereum users and was largely a failure in terms of generating traction. However, larger-scale price, more targeted ICO airdrops have proven successful, notably the Stellar giveaway that was conducted for participating Blockchain.com wallet holders.

TRON’s two and a half year-long JST airdrop should sustain interest in the stable coin network as it launches and begins to attract users. The decentralized stable coin issuance and lending protocol will be governed with the JST token,, leaving USDJ to serve as the dollar-pegged stable coin that will be created and issued through collateralized loans. Matters such as setting price risk parameters and price oracles will be controlled by JUST tokens holders.

Before all that can happen, though, there’s a JUST airdrop to be conducted. The maiden event will take place soon after the TRX snapshot of account balances has been conducted, after which 217,800,000 JST will be distributed the same day. Poloniex exchange, Bitpie, KuCoin, and Atomic Wallet are among the wallets and exchanges to have signaled their participation. JST Coin is expected to be listed on additional Crypto exchanges in the coming weeks, giving the crypto community a taste of the decentralized ecosystem that is now forming under the banner of TRON.

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