TRON founder and prominent crypto industry figure Justin Sun has taken to the social media platform X to make optimistic claims about the future of JST (JUST)
Tron founder Justin Sun took to X to make optimistic claims about the future of JST, the governance token of the Just ecosystem.
According to Sun, JST has undergone a “complete fundamental reversal.” He suggests it could become the “next 100x token” as the TRON-based DeFi landscape matures.
JST is used for governance decisions within the Just ecosystem and plays a key role in the issuance and management of stablecoins and lending pools.
Annual net profits for the ecosystem have already reached tens of millions of dollars, with a “conservative revenue forecast” of over $100 million in revenue for the coming year.
Perhaps most notably, Sun has committed to using all profits to buy back and burn JST tokens “at the appropriate time.” This deflationary mechanism is designed to reduce the circulating supply and potentially increase the value of remaining tokens, a strategy that has been successful for other DeFi projects.
The success of JustLend and USDD shows TRON’s ambition to rival Ethereum’s DeFi dominance, offering attractive yields and a user-friendly experience.
If they continue their upward trajectory and the promised buyback-and-burn program is implemented, JST could certainly appreciate. However, as with all crypto investments, DYOR and only invest what you can afford to lose.
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