TRON’s first blockchain oracle project officially went live last weekend and they have been making waves when it comes to the DeFi and generated huge growth in the blockchain industry.
🎉#JustLink is OFFICIALLY LIVE!🎉
For more info:https://t.co/R4UaAO6W50
— JUST (@DeFi_JUST) October 30, 2020
Let’s get to know more about the blockchain oracle project by JUST Foundation.
What is JustLink?
JustLink is a decentralized oracle project developed by JUST Foundation and under the TRON network, it can safely feed smart contracts with real-world data, stable coin exchange rates, market estimations, and so on. It answers all the questions when it comes to connecting real-world data through smart contracts and keeps it reliable through a decentralized mechanism.
🚀Supernodes are integrated into the #JustLink SLA System, with monitored node reputation
🎉Your node will receive visibility and rewards! pic.twitter.com/zEu4HlnPPg
— JUST (@DeFi_JUST) November 1, 2020
As written on their whitepaper, it states that:
JustLink aims to link the on-chain and off-chain worlds. JustLink is initially deployed on the TRON network and will support other blockchain networks.
JustLink’s embedded price oracle system provides more stable and reliable prices for DeFi-building developers and this creates more opportunities for growth of TRON-based projects 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.
Overall, this is another milestone for the hard-working guys under TRON and JUST Foundation, JustLink is a project that stands out among the rest and will be making huge waves in the next few months in the DeFi industry and soaring TRON into greater heights.
For more news and updates, see Tron Spark.