JST (JUST) Token Analysis 29/04/2021This is an Update of our Past Publication which we are currently holding Tokens and Future Position:
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Fundamentals:
JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.
The platform launched in August 2020 following an initial exchange offering ( IEO ) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform ( JST ) has been circulating since May 2020.
It is a two-token ecosystem built around the USDJ and JUST ( JST ) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.
To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON ( TRX ), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position ( CDP ). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.
The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.
Unlike most other DeFi platforms, JUST isn’t just looking to offer a single product that offers utility to a small subset of DeFi users. Instead, it’s attempting to build an entire suite of products that cover a range of DeFi use cases, forming the foundations of a complete DeFi ecosystem on TRON.
As of January 2021, the JUST ecosystem consists of five distinct products, all of which are designed to interoperate and provide additional utility to users.
These are:
JustStable: JUST’s flagship decentralized multi-collateral stablecoin platform.
JustLend: A TRON-powered money market protocol that allows users to add liquidity to lending pools and take out low-interest cryptocurrency loans.
JustSwap: An automated market maker ( AMM ) platform used for trustless TRC-20 token swaps and the creation of permissionless liquidity pools.
JustLink: The first decentralized oracle system for the TRON network — used to securely supply smart contracts with real-world data.
Cross-chain tokens: Assets from other blockchains, including Bitcoin ( BTC ), Ethereum (ETH) and Litecoin (LTC), that have been tokenized on TRON and can be used within the JUST ecosystem.
As a TRC-20 token, the JUST Network is secured by the underlying TRON blockchain.
Unlike other platforms that use the energy-intensive proof-of-work (POW) consensus mechanism to maintain the integrity of the blockchain and ward off potential attacks, TRON uses the energy-efficient delegated-proof-of-stake (dPOS) system.
This sees TRON ( TRX ) token holders elect super representatives tasked with generating blocks and packaging transactions. Together, the 27 super representatives are responsible for keeping the network secure.
The JUST ecosystem is managed by the JUST Foundation, which includes individuals from Alibaba, Tencent, IBM and "other world-class internet companies," while JUST's financial analysis team hails from "several global investment banks" according to the project website.
Some of the most prominent individuals include Terance F (a blockchain expert and ex-Barclays and IBM employee), Elvis Zhang (a senior developer and experienced blockchain researcher), C Wu (a specialist in wallets and exchanges) and GL Kong (an experienced blockchain engineer and early crypto adopter).
As of January 2021, a total of 2.26 billion JST is in circulation, out of a maximum supply of 9.9 billion. This represents 23% of the maximum supply.
These tokens are earned by depositing, lending, and providing liquidity on the JUST Network or by completing several other actions — such as by participating in special campaigns.
According to the original IEO on Poloniex, the full JST token supply is distributed as follows:
Seed Sale: 11%
Public Sale (LaunchBase Allocation): 4%
Strategic Partnerships: 26%
Team: 19%
Airdrop (Only for TRX Holders): 10%
Ecosystem: 30%
Further information about the allocation of JST tokens, including the specifics of the vesting period for the JUST team and its inflation rate is currently unknown. However, it is known that all team tokens will be fully vested by April 2022.
The full names and profiles of much of the JUST team is not public. However, it appears that the project shares some overlap with the TRON development team, since the platform was announced by TRON CEO and founder Justin Sun, and has received technical and financial support from TRON.
The live JUST price today is $0.123214 USD with a 24-hour trading volume of $162,872,178 USD. JUST is down 0.22% in the last 24 hours. The current CoinMarketCap ranking is #176, with a live market cap of $278,504,761 USD. It has a circulating supply of 2,260,326,706 JST coins and a max. supply of 9,900,000,000 JST coins.
Technical Analysis:
The Token has done its Initialization and accumulation phase and currently is in the retracement of the past Bullish impulsions,
we can see there exist a Hidden Bullish Divergence of Price with MACD Histogram which is the sign of Bullish Trend Cpntinuation
we have updated the Targets with New Low 3 Point of the Fibonacci Projection and Defined 4 New Targets where the 1 TP is the ATH,
4 TP gets its Confirmation as the price Triggers The 3 TP followed bye some Price Correction and Retracement
JST
SUN DAO Acquires JustSwap, Potential Break Out IncomingSUN has voted to acquire JustSwap and rebrand it to SunSwap. A portion of fees earning by SunSwap will be used to buy back and burn SUN. This adds a new layer of productivity to the SUN tokenomics.
The SUNUSDt chart has been ranging for quite some time and there is some early indication we may be breaking out. Good to be watching this chart.
JSTUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
JST/USD: #JUST is committed to developing #TRON-based DeFi protoJUST price today is $0.061602569005 with a 24-hour trading volume of $31,577,522. JST price is up 1.8% in the last 24 hours. It has a circulating supply of 1.4 Billion JST coins and a total supply of 9.9 Billion. If you are looking to buy or sell JUST, Upbit is currently the most active exchange.
JUST is a smart contract-powered decentralized lending ecosystem on the TRON network. Acting as a decentralized stablecoin system, it has introduced the first decentralized stablecoin, USDJ, on the TRON network. Pegged at 1:1 with USD, USDJ is issued by collateralizing sufficient TRX on JUST, while the other token JST is used for decentralized governance and paying stability fees.
JSTUSDT Technical Analysis
⏳ Spot
💎 JSTUSDT after breaking above the resistance and the triangle is expected to go for a pullback and then go up again.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.07500
☕️ TP1 0.08800
🍺 TP2 0.09435
🍻 TP3 0.10070
🍾 TP4 0.10700
🍷 TP5 0.11500
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 0.07000
Good Luck 🎲
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🆓JUST (JST) May-31 #JST $JSTThe buying force at 0.06$ zone is still trying to stop the decline and we can trust in this zone at the moment. JST is heading to 0.08$ and 0.1$ zone. We need to pay attention to 0.1$ zone because the recovery could stop there, only if JST conquers successful this zone, it will keep moving up to 0.13$ zone
📈BUY
- Buy : 0.058-0.062$. SL if B
- Buy : 0.078-0.082$ if A. SL if B
📉SELL
- Sell : 0.078-0.082$. SL if A
- Sell : 0.097-0.103$. SL if A
- Sell : 0.126-0.134$. SL if A
♻️BACK-UP
- Sell : 0.058-0.062$ if B. SL if A
- Buy : 0.039-0.041$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
JST (JUST) Token Analysis 05/04/2021Fundamentals:
JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.
The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.
It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.
To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.
The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.
Unlike most other DeFi platforms, JUST isn’t just looking to offer a single product that offers utility to a small subset of DeFi users. Instead, it’s attempting to build an entire suite of products that cover a range of DeFi use cases, forming the foundations of a complete DeFi ecosystem on TRON.
As of January 2021, the JUST ecosystem consists of five distinct products, all of which are designed to interoperate and provide additional utility to users.
These are:
JustStable: JUST’s flagship decentralized multi-collateral stablecoin platform.
JustLend: A TRON-powered money market protocol that allows users to add liquidity to lending pools and take out low-interest cryptocurrency loans.
JustSwap: An automated market maker (AMM) platform used for trustless TRC-20 token swaps and the creation of permissionless liquidity pools.
JustLink: The first decentralized oracle system for the TRON network — used to securely supply smart contracts with real-world data.
Cross-chain tokens: Assets from other blockchains, including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), that have been tokenized on TRON and can be used within the JUST ecosystem.
As a TRC-20 token, the JUST Network is secured by the underlying TRON blockchain.
Unlike other platforms that use the energy-intensive proof-of-work (POW) consensus mechanism to maintain the integrity of the blockchain and ward off potential attacks, TRON uses the energy-efficient delegated-proof-of-stake (dPOS) system.
This sees TRON (TRX) token holders elect super representatives tasked with generating blocks and packaging transactions. Together, the 27 super representatives are responsible for keeping the network secure.
The JUST ecosystem is managed by the JUST Foundation, which includes individuals from Alibaba, Tencent, IBM and "other world-class internet companies," while JUST's financial analysis team hails from "several global investment banks" according to the project website.
Some of the most prominent individuals include Terance F (a blockchain expert and ex-Barclays and IBM employee), Elvis Zhang (a senior developer and experienced blockchain researcher), C Wu (a specialist in wallets and exchanges) and GL Kong (an experienced blockchain engineer and early crypto adopter).
As of January 2021, a total of 2.26 billion JST is in circulation, out of a maximum supply of 9.9 billion. This represents 23% of the maximum supply.
These tokens are earned by depositing, lending, and providing liquidity on the JUST Network or by completing several other actions — such as by participating in special campaigns.
According to the original IEO on Poloniex, the full JST token supply is distributed as follows:
Seed Sale: 11%
Public Sale (LaunchBase Allocation): 4%
Strategic Partnerships: 26%
Team: 19%
Airdrop (Only for TRX Holders): 10%
Ecosystem: 30%
Further information about the allocation of JST tokens, including the specifics of the vesting period for the JUST team and its inflation rate is currently unknown. However, it is known that all team tokens will be fully vested by April 2022.
The full names and profiles of much of the JUST team is not public. However, it appears that the project shares some overlap with the TRON development team, since the platform was announced by TRON CEO and founder Justin Sun, and has received technical and financial support from TRON.
Technical Analysis:
the price has triggered the 161.8% (Extension) level of Fibonacci projection which make the 2 target (261.8%) Confirmed.
we have defined 3 Targets by Fibonacci Projection of the past impulsive wave...
TRON Ecosystem Ready for Liftoff! (Elliott Wave Analysis)After doing a detailed Neowave/Elliott Wave analysis with Neowave Founder Glenn Neely, we came up with several potential counts for TRX. The above count is what I personally think is the most likely possibility because it follows all required rules as closely as possible compared to the other counts. Of 5 possible counts, 4 are bullish, and 1 is bearish but near term could still be bullish. Also out of the counts the above one is the one that makes the most sense BY FAR and I will only be considering the others if there is more information which eventually confirms one of those as being correct or the above chart as being incorrect.
Reasons why the above chart is nearly perfect:
In the first triangle:
Wave-a of the first triangle is violent as is expected in a contracting triangle
Wave-b is longer in time than wave-a
Wave-c is equal to (a+b)/2 and relates to wave-a by 62% in price
Wave-d is equal to (b+c)/2 in time and 38% of wave-b in price
Wave-e relates to (c+d)/2 in time
Wave-x retraces less than 62% of the contracting triangle
The first contracting triangle and the 2nd contracting triangle with reverse alternation have perfect alternation between them:
In 1st triangle wave-a and b are short and strong, in 2nd triangle they are long and weak
In 1st triangle wave-c is long and weak, in the 2nd it is short and strong
In 1st triangle wave-d is small and weak, in 2nd it is big and strong
In 1st triangle wave-e is very short, in 2nd triangle wave-e is very long
In the 2nd triangle:
Wave-a is slow and weak as expected with reverse alternation
Wave-b is equal to wave-a in time and retraced wave-a 62%
Wave-c is equal to (a+b)/4 in time, and equal to wave-a in price
Wave-d is equal to (b+c) in time, and equal to 162% of wave-b in price
Wave-e is equal to (c+d) in time, and equal to 62% of wave-a
Because there are virtually ALL required NeoWave time and price ratios, and because the triangles have perfect alternation between them, the evidence is STRONGLY favoring that we are about to complete this correction and see a MASSIVE move upward over the next few months.
This perfectly coincides with a new NFT protocol being released on TRON and promoted by celebrities like Lindsay Lohan and NeYo who are very popular in both China and the US. As well as several smaller TRON-based projects reaching significant milestones in their development, and increasing marketing efforts by the developers and third party promoters.
TRX is also getting close to having a deflationary supply as the amount from fees burned begins to overtake the amount of block rewards that are earned by the Super Representatives. As usage of the network continues to increase at a logarithmic pace so does the amount of fees burned, which is likely to lead to most of the supply of TRX being burned over time.
Early targets are $1-10 for TRX by this summer, and could go as higher than $100 by next year. Very late stage targets (within 10 years) could be higher than $10,000 as most of the supply of TRX will be burned and demand will have increased massively.
Projects on TRON that I also like which could potentially be more profitable than TRX in the long term:
BTT, JST, SUN, WIN, KLV, KFI and BTZC