What is the issuance price and issuance amount of JUST coin?

The native token of the TRON ecosystem, JST, was debuted in 2018 for $0.002 per token, with a maximum issuance of 99 billion coins.

Nov 17, 2024 at 02:10 am

What is the Issuance Price and Issuance Amount of JUST Coin?

Introduction:

JUST coin (JST) is the native token of the TRON ecosystem. It is used to pay for transactions on the TRON network, to stake for rewards, and to participate in governance. JST was launched in 2018 through an initial exchange offering (IEO) on Binance.

Issuance Price:

· The issuance price of JST was $0.002 per token.

Issuance Amount:

· The total issuance amount of JST is 99 billion tokens.

Additional Details:

· The issuance of JST was conducted in two phases. In the first phase, 40 billion JST tokens were sold through the IEO. In the second phase, the remaining 59 billion JST tokens were distributed to TRON users who had staked their TRX tokens.

· JST is a deflationary token. This means that the total supply of JST will decrease over time. The TRON Foundation regularly burns a portion of the JST tokens that are collected as fees on the TRON network.

· JST is a widely traded token. It is listed on major cryptocurrency exchanges such as Binance, Huobi, and OKEx.

· JST is a versatile token that can be used for a variety of purposes. It is used to pay for transactions on the TRON network, to stake for rewards, to participate in governance, and to access exclusive features on the TRON ecosystem.

Here are some additional details about each of these use cases:

Paying for Transactions:

JST is the primary currency used to pay for transactions on the TRON network. Transactions on the TRON network are very fast and inexpensive. The cost of a transaction is typically less than $0.001.

Staking for Rewards:

Users can stake their JST tokens to earn rewards. Staking is a process of locking up your tokens for a period of time. In return for staking your tokens, you will earn rewards in the form of JST tokens. The amount of rewards that you earn will depend on the number of tokens that you stake and the length of time that you stake them.

Participating in Governance:

JST holders can participate in the governance of the TRON ecosystem. This is done through the TRON DAO (Decentralized Autonomous Organization). The TRON DAO is a community-led organization that makes decisions about the future of the TRON ecosystem. JST holders can vote on proposals that are put forward by the TRON DAO.

Accessing Exclusive Features:

JST holders can access exclusive features on the TRON ecosystem. These features include access to premium content, discounts on services, and early access to new features.

JST is a valuable asset for anyone who is interested in the TRON ecosystem. It is a versatile token that can be used for a variety of purposes. As the TRON ecosystem continues to grow, the demand for JST is likely to increase.