JUST Foundation has successfully distributed the first wave of JST tokens to its TRON (TRX) holders worldwide. This multi-year airdrop program is only exclusive to TRX holders and only occurs every 20th of the month.
🗣️First #JUST airdrop successfully completed!🎉
We have already sent the $JST to all supporting exchange and wallet platforms, so keep an eye on your wallet.👀
Next airdrop coming up on the 20th next month, so make sure to hold enough #TRX by then! 💪https://t.co/r2qQNbVvwU
— JUST (@DeFi_JUST) May 21, 2020
As previously announced, accounts with at least 100 TRX on their wallets would be eligible for the JST airdrop program and a planned snapshot was took on 12:00:00 AM on May 20th, 2020 UTC.
At the time of the snapshot, the total amount of TRX is 100334014074.486481 and the final airdrop ratio was TRX/JST=460.6704043801652892561983471. The JST tokens were distributed to eligible addresses on the same day, regardless of whether TRX is frozen.
The airdrop program is a very convenient way for TRX holders as they would just need to put TRX onto their cryptocurrency wallet and receive airdrops from JST every 20th of the month.
The airdrop would last approximately 72 hours, depending on the total number of eligible recipients, network load, and other factors that may affect the airdrop program.
Here are the remaining tranches will be distributed periodically, based on the following schedule:
- 237,600,000 JST, equivalent to 2.4% of the total supply will be distributed over 12 months, beginning June 20, 2020, and ending May 20, 2021.
- 257,400,000 JST, equivalent to 2.6% of the total supply will be distributed over 12 months, beginning June 20, 2021, and ending May 20, 2022.
- 277,200,000 JST, equivalent to 2.8% of the total supply will be distributed over 5 months, beginning June 20, 2022, and ending October 20, 2022.
Besides being distributed as part of the airdrop, JST tokens will also be made available on a wide range of third-party exchanges and most likely to be listed into trading in the next following months.
What is JUST?
JUST is the TRON-based lending platform and JST is its stablecoin.
TRON holders can stake their TRX via JUST’s CDP portal to generate USDJ. A stablecoin pegged to USD at a 1:1 ratio. $JST can be used for paying interest, platform maintenance as well as other activities on the blockchain.
Last April, TRON Foundation announced that JUST Foundation will initiate its first airdrop of JUST (JST) to TRON (TRX) holders this May 20th.
With the distribution of JST tokens already done, more cryptocurrency holders would be interested in moving their assets to TRX and start earning JST tokens in the next following months. TRON Foundation and JUST Foundation have been setting the bar high in the industry and they continue to show why they are the leaders in the cryptocurrency industry.
Were you able to receive your JST tokens yesterday? We surely receive ours and we look forward to the next month’s JST airdrop.
For more news and updates, visit our Tron Spark site.