What is USDJ

1. Project Introduction
USDJ is a decentralized stablecoin on the TRON blockchain, issued by the JUST platform and pegged 1:1 to the US dollar. Users can generate USDJ by collateralizing TRX (TRON's native token) on the JUST platform, a process similar to the MakerDAO protocol's DAI stablecoin. USDJ issuance and burn are automatically managed by smart contracts to ensure the peg to the dollar, providing a stable value medium for the TRON ecosystem and supporting DeFi applications and transactions.
Summary: USDJ aims to provide a decentralized, stable digital asset within the TRON ecosystem to support DeFi applications and encourage user participation.
2. Team & Investment Info
Team:
Developed by the JUST team, backed by the TRON Foundation, founded by Justin Sun, who is also the founder and CEO of TRON. The team includes experienced blockchain developers and finance experts focused on building the TRON DeFi ecosystem.
Funding: Details not disclosed.
3. Social Media URLs
X: https://x.com/DeFi_JUST
Telegram: https://t.me/just_defi
4. Token Info
Token Symbol: USDJ
Total Supply: Dynamically generated based on demand, with no fixed total supply.
Token Type: TRC-20 (TRON blockchain standard)
Issuance/Burn Mechanism: Users generate USDJ by collateralizing TRX on the JUST platform. When users redeem TRX, the corresponding USDJ amount is burned, dynamically adjusting supply based on market demand.
Contract Address: TMwFHYXLJaRUPeW6421aqXL4ZEzPRFGkGT
For details, please refer to the white paper: https://www.just.network/docs/white_paper_en.pdf
5. Related Links
Official Website: https://just.network/
LinkedIn: https://www.linkedin.com/company/shrapnel-studio/
Other Info: https://coinmarketcap.com/currencies/usdj/