JUST a stablecoin built on the TRON Network sold out in a record-breaking 4 minutes and 23 seconds as announced on Twitter by Justin Sun, as the demands were very high and the current supply was sold out immediately on Poloniex.
— Justin Sun (@justinsuntron) May 5, 2020
Last April, Poloniex announced that they will be launching a TRON-powered initial exchange offering platform called LaunchBase and its first supported project is Tron’s decentralized stablecoin system called “JUST”, which was released to investors on LaunchBase via the token sale and this was the first digital asset sold on this platform.
🚀$JST tokens sold out in 4 minutes 26 seconds! 🚀 pic.twitter.com/FvjwWjACbI
— Poloniex Exchange (@Poloniex) May 5, 2020
Justin Sun proved once again how popular his projects can be, and even Poloniex itself was impressed on the JUST tokens being sold out under 5 minutes.
JUST is built on the TRON Network, the largest decentralized application ecosystem, and aims to provide a set of easy-to-use and transparent financial services for users worldwide. It was a project previously called as Djed and it was tested by the TRON stablecoin platform. After completing its testing the team upgraded the brand from Djed to JUST.
Users 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.
This is a milestone for the Tron Foundation team and their successful JUST token sale on Poloniex, which leads to multiple listing of TRX/JST trading on different cryptocurrency trading platforms.
We would like to congratulate Justin Sun and the TRON Foundation team for their hard work in developing this amazing stablecoin and making it one of the most valuable tokens out there in the market today. The stablecoin competition just got more amazing with TRON Foundation’s JUST.
For more news and information, please visit Tron Spark.