A few minutes ago, the TRON Foundation announced that a new JST token airdrop from the JUST platform will start on May 20th.
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, had made official with a Twitter post the launch of this new TRON stablecoin, USDJ, which will use a collateral system similar to the one developed with MakerDAO.
From the press release, it can be read that the airdrop will be carried out through a snapshot of the accounts on TRON and the JST tokens will go to those who currently hold at least 100 TRX.
During the first airdrop, 217800000 Just (JST) tokens will be distributed, which corresponds to about 2.2% of the total supply, which is over 9 billion.
This airdrop will continue over the next few months, every 20th of the month and every year the total airdrop will vary according to this chart:
- May 20th, 2020: Initial airdrop of 217,800,000 JST;
- June 20th, 2020 – May 20th, 2021 (12 months): Amount of JST airdropped on the 20th of each month 237,600,000;
- June 20th, 2021 – May 20th, 2022 (12 months): Amount of JST airdropped on the 20th of each month 257,400,000
- June 20th, 2022 – October 20th, 2022 (5 months): Amount of JST airdropped on the 20th of each month 277,200,000
This token is part of the USDJ system and JST holders will be able to participate in the governance of JUST, but also pay the stability fees for CDPs by borrowing this stablecoin, which actually competes with that of Tether.
USDT currently boasts almost 1 billion on TRON, although these figures are very variable as its price is unrelated to the stablecoin and at the current exchange rate is 0.8 TRX.
In any case, the airdrop of the JUST token is obviously proportional to the tokens users have, so who has more TRX will have more JST and therefore more influence in the governance of this new stablecoin.
The comments to the post are very negative and many people complain about this system that went to create a new token, but apparently, the TRON Foundation preferred to give everyone the opportunity to participate and in case recover more tokens to have a greater influence in the management system of the cryptocurrency.