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- The testnet of the TRON-based stablecoins lending platform Djed finished up it’s testing with auspicious results.
- With a new start of TRON’s journey as decentralized finance (DeFi), the official website will be updated from djed.network to just.network.
- The JUST Foundation has a dynamic team in which half of the team originates from A-list tech companies like Tencent, IBM, and Alibaba.
The testnet of the TRON-based stablecoins lending platform Djed finished up it’s testing with auspicious results. By staking TRX, a sum of 120,000 USDJ has been made via 481 operations with a total collateralization ratio above 300%.
The official website will be updated from djed.network to just.network
The key metrics display significant potential for tough and extended growth. Thus, beneath official strategy, the company took a decision to upgrade Djed to JUST and the testnet on April 4th at 10:30 a.m.
Djed, the testnet of the TRON stablecoin platform has successfully completed the testings. We are excited to announce that we decided to upgrade brand from Djed to #JUST (Token: $JST Stablecoin: $USDJ) and launch the mainnet on April 4th. Link: https://t.co/8O7H1LGnmH pic.twitter.com/Ta2DLTGCU7
— H.E. Justin Sun 孙宇晨 (@justinsuntron) April 4, 2020
With a new start of TRON’s journey as decentralized finance (DeFi), the official website will be updated from djed.network to just.network. Along with this news, TRON has announced that it has established a prominent partnership with a world’s leading exchange.
This association will prove as a push for JUST to nourish in a leading stablecoin lending platform.
JUST means fair and just
JUST Foundation aims to create a TRON-based stablecoin lending platform. In this platform, everything is contract-based, which means any JUST holders can contribute to controlling the USDJ currency system and attain decentralized liberty. However, USDJ is a token that is issued by TRON’s decentralized smart contract. This can issue by anyone by staking TRX.
The platform token of JUST is called JST. The JUST Foundation has a dynamic team in which half of the team originates from A-list tech companies like Tencent, IBM, and Alibaba. They are experts in product designing and development.
A representative of the JUST Foundation notified that while selecting their development platform JUST team has gone through a rigorous homework. The TRON Network is backed by rich resources and community control.
The Founder of TRON & CEO of BitTorrent Justin Sun stated that JUST is listed as the first DeFi project on TRON. The company has offered technical, operational, and financial support to JUST during its implementation. Sun hopes for the platform to present more than just a DeFi project for the community members and also serve as an example to add more DeFi developers to TRON.
JUST potency for DeFi, will associate with TRON to come up with a new meaning of decentralized finance.
