TRON founder Justin Sun has expressed strong opinions about the governance token JST (JUST) within the JUST ecosystem

Hosting JustLend as one of its largest lending protocols, the TRON ecosystem enables decentralized native asset transactions through liquidity pools.

Tron founder Justin Sun has shared his thoughts on the governance token JST (JUST) within the JUST ecosystem. In an X post, Sun announced that JST has undergone complete structural changes to become the next ‘100x token’.

Tron DeFi Sector Could Set Stage for Exceptional JST Growth

Anticipating rapid growth for JST, Sun explained that the TRON DeFi sector is rapidly expanding with JustLend, one of its largest lending protocols, already boasting tens of millions in net profit after launch.

TRON’s ecosystem enables decentralized native asset transactions through liquidity pools. According to Sun, the platform outshines Ethereum protocols, including Compound and AAVE, as TRON offers high performance and minimal transaction costs.

JST (JUST) has undergone a complete fundamental reversal. I believe it will become the next 100x token. First of all, JustLend, which was incubated by JST, has already grown into one of the largest lending platforms, generating tens of millions of dollars in net profit.https://t.co/327Zx73RqR

— Justin Sun (@Justinsonstew) August 14, 2023

JustLend’s Profitable Growth

The lending protocol, JustLend, launched in December 2022, marks a significant addition to the TRON DeFi ecosystem. In its first six months of operation, JustLend has reportedly generated tens of millions in net profits, showcasing the value that the TRON blockchain adds to DeFi applications.

According to Sun, the value of JST would increase further as the platform gains more users. Moreover, USDD stablecoin, backed by the TRON DAO Reserve, has seen rapid adoption across the TRON network since its launch in April 2022.

The stablecoin is now integrated with lending and DeFi platforms within the ecosystem, enhancing utilization and creating a rising demand for the JST token, boosting its future potential.

Meanwhile, the TRON founder compared the governance role of JST within the JUST ecosystem to the functions of AAVE and MKR tokens in their respective platforms.

As a governance token, JST enables both the creation of stablecoins and the administration of lending pools. Sun further revealed that the annual profits from the JUST ecosystem have already exceeded tens of millions while projecting a total revenue of $100 million, which will be used for buybacks to boost JST token appreciation.

Related: TRON’s TRX Maintains Strength as BTT and JST Gain Ground

Further, Sun announced its plan to allocate all profits generated by the ecosystem for strategic JST token buybacks that will ultimately lead to token burning at suitable stages.

This deflationary process aims to reduce JST’s circulating supply, thereby increasing its value, a strategy similar to that employed by other DeFi projects.

The potential growth of JST is driven by JustLend’s achievements, combined with USDD’s expansion, and Sun’s token burn and buyback plan.

With TRON challenging Ethereum’s dominance in the DeFi space, JST could transform into a leading governance token compared to AAVE or MKR. However, crypto enthusiasts are advised to conduct thorough research before investing in any cryptocurrency.

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