A few hours ago, the TRON Foundation announced that a new JST token launch from the JUST platform will begin on May 20.
On May 20th, 2020, 00:00 (UTC), JUST Foundation will initiate its first airdrop of #JUST(#JST) to #TRON(#TRX) holders. Based on this snapshot, JUST Foundation will initiate its 1st airdrop of 217,800,000 JUST (JST), corresponding to 2.2% of the total supply. https://t.co/1BZfTJfICE
– TRON Foundation (@Tronfoundation) April 15, 2020
Just a few days ago, Justin Sun, CEO of the TRON Foundation, It had officialized with a publication on Twitter the launch of this new stable TRON currency, USDJ, which will use a collateral system similar to the one developed with MakerDAO.
From the press release, it can be read that the aerial launch will be done through a snapshot of the accounts in TRON and the JST tokens will go to those who currently have at least 100 TRX.
During the first aerial launch, 217,800,000 Just (JST) tokens will be distributed, corresponding to approximately 2.2% of the total supply, which exceeds 9 billion.
This aerial launch will continue for the next few months, every 20 of each month and every year the total launch will vary according to this table:
- May 20, 2020 – Initial release of 217,800,000 JST;
- June 20, 2020 – May 20, 2021 (12 months): Amount of JST issued on the 20th of each month 237,600,000;
- June 20, 2021 – May 20, 2022 (12 months): Amount of JST issued on the 20th of each month 257,400,000
- June 20, 2022 – October 20, 2022 (5 months): Amount of JST issued on the 20th of each month 277,200,000
East token is part of the USDJ system and JST holders may participate in the government of JUSTBut they will also pay stability fees for CDPs by borrowing this stablecoin, which actually competes with Tether's.
USDT currently has almost one billion in TRON, although these figures are highly variable since its price is not related to the stable currency and the current exchange rate is 0.8 TRX.
In any case, the aerial launch of the JUST token is obviously proportional to the tokens that users have, so whoever has more TRX will have more JST and, therefore, more influence in the governance of this new stable currency.
The comments to the publication are very negative and many people complain about this system that created a new token, but apparently, the TRON Foundation preferred to give everyone the opportunity to participate and in case of recovering more tokens to have a greater influence on the Cryptocurrency management system.