What is the highest price of JST coins? What is the future of JST currency?

JST’s goal is to establish a decentralized financial platform that can provide stablecoin reception services and governance mechanisms to all users around the world. JST also uses a dual-token system, and all JST operation records on the platform are transparent. This highly transparent financial service adds some security to everyone.

The latest price of JST currency

$0.03039 ≈ ￥0.218808

Introduction to the historical highest and lowest prices of JST currency

The highest price is 0.1994 US dollars, which appeared on April 5, 2021, and its lowest price in history is 0.004752 US dollar, which appeared on May 9, 2020, the circulating market value of JST currency is US$102 million. It has been listed on 51 exchanges. Judging from the current data, the market circulation of JST currency is still good.

JustStable (JST coin) is a decentralized financial system for USDJ stablecoin, suitable for anyone, anywhere, at any time. JST's goal is to establish a fair decentralized financial system that provides stablecoin lending and governance mechanisms to all users around the world. JST is a dual-token system. USDJ is a stablecoin anchored 1:1 with the US dollar and is generated by staking TRX on JST's CDP lending platform.

Holding JST can participate in fair governance of the community and pay stability fees for CDP borrowing under a fair system. All transactions, mortgages and governance on the JST platform are transparent and conducted on the chain. JST is built on TRON, the largest decentralized application ecosystem, and aims to provide users around the world with a set of easy-to-use and highly transparent financial services.

What is the prospect of JST coin?

1. Justin Sun attaches great importance to the JST project, so much so that he personally came out to speak out, and even did the community AMA Q&A around JST himself. Just look at the poster below.

2. JST’s chips are highly locked and its circulating market value is very low, ranking outside the 100th place. According to the blockchain browser https://tronscan.org/#/token20/TCFLL5dx5ZJdKnWuesXxi1VPwjLVmWZZy9/holders, the current circulating chips of JST are only 10.24%, the chips are highly concentrated and the circulation is small. This means that as long as there are sufficient funds and the chips are recovered in place, pulling the market is not a problem. The only question is whether Teacher Sun wants to do it or not.

According to the OTC transaction price of Matcha PUSH, the circulating market value of JST is US$10 million. You must know that the circulating market value of TRX is US$1.034 billion. In comparison, the space of JST is indeed very large.

3. JST itself is a deflationary currency and has a destruction mechanism. The total supply limit of JST is 9.9 billion. As the governance token of the DeFi system, JST has a destruction mechanism, which means that there will be less and less JST.

Secondly, the logic of the JST DeFi system is that users can exchange stable currency USDJ by staking TRX on the JST network, and JST is a governance token. Users can vote on the mortgage rate and other matters by holding JST.

There are actually two points that need to be paid attention to here: First, users can mortgage TRX on the JST network to exchange for stable coins, so JST is a project that empowers TRX, which is why Justin Sun attaches so much importance to it.

Secondly, MakerDao, a project using the same model, is the largest DeFi project on ETH. Its governance token MKR functions exactly the same as JST, and MKR’s current market value is 337 million, which also indicates the future space of JST.

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