TRON’s (TRX) JUST Foundation Airdrops 217,800,000 JST Tokens to TRX Holders
JUST Foundation, the governing body of Justin Sun’s DeFi platform, JUST is set to launch the first airdrop of JUST (JST) tokens to members of the TRON ecosystem who hold up to 100 TRX on May 20, 2020, 00:00 UTC.
JUST (JST) Airdrop to Go Live
Barely one month after launching its mainnet, the JUST decentralized finance (DeFi) ecosystem has reached another significant milestone in its existence, as it’s now set to airdrop millions of JUST (JST) tokens to TRX holders through a multi-year process divided into four major stages that will end in October 2022.
Per the JUST team, the first snapshot will be taken today at exactly 00:00 UTC, and based on this, JUST Foundation will airdrop 217,800,000 JUST (JST) tokens (2.2 percent of the total supply) to all TRON holders.
For the uninitiated, JST is the native altcoin of the JUST decentralized lending and stablecoin issuance ecosystem. It allows holders to participate in governance, pay transaction fees, and more.
Notably, the team has made it clear that all addresses on the TRON blockchain that hold a minimum of 100 TRX will automatically receive the coins within 72 hours after each airdrop, regardless of whether their TRX is frozen.
Four Stages of JUST (JST) Airdrop
Once the initial airdrop of 217,800,000 JST is complete, the team says it plans to organize another airdrop of 237,600,000 JST (2.4 percent of total supply) over the next 12 months. Similarly, from June 2021 to June 2022, 57,400,000 JST (2.6 percent of total supply) will be airdropped, while the final round of 277,200,00 JST airdrop will run from June 2022 to October 2022.
The team says the JST airdrop will be supported by a vast array of top exchanges, including Poloniex, Bithumb, Coinone NewDEX and a host of others.
“Airdrops’ snapshot will be initiated on the 20th of each month at 0:00 UTC. JUST Foundation reserves the rights to change these terms at any time in its sole discretion. JUST Foundation urges all exchanges to initiate JUST airdrops on May 20th, 2020 and JST trading as soon as possible.”
As reported by BTCManager, the highly controversial JUST (JST) initial exchange offering conducted on Poloniex on May 5, 2020, was hugely successful, as Justin Sun claims the entire JST token on offer got sold out in under five minutes.
At press time, TRON (TRX) is trading at $0.015315, with a market capitalization of $1.02 billion, as seen on CoinMarketCap.