Dear Hoo uses,
Hoo will list USDJ/USDT and JST/USDT trading pairs at 14:00 on May 8, 2020 (UTC+8).
Deposit and withdrawal now have been enabled. Also, Hoo will support JST airdrop for $TRX holders. Please stay tuned for our official announcement for further details.
Introduction to Tokens:
USDJ is a new currency generated through decentralized smart contracts on the TRON network. Anyone can pledge TRX as collateral to generate USDJ. USDJ enters into free circulation as any other cryptocurrency does once generated. It is pegged to the US dollar through Collateralized Debt Positions (CDPs), and also has autonomous feedback mechanisms. USDJ Stablecoin is a USD-pegged cryptocurrency backed by collateral assets. USDJ will become an integral part of the TRON DeFi ecosystem.
JST is platform token of the JUST system. In order to effectively manage and reduce risk, USDJ stabilized tokens project has a very comprehensive risk control system. JUST system governance relies mainly on JST holders. While JST holders earn revenue from the stability fees of USDJ, they are also responsible for the governance of the JUST system, which is done through selecting valid proposals by JST voters. Each JST holder can vote and select the contract he/she supports among all the smart contracts that modify the system parameters. The contract with the highest number of votes becomes a valid proposal and has the system permit to modify variables of JUST internal system governance as per the established logic.
Total supply: 3.1 million USDJ
Total supply: 990 million JST
Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.
May 7, 2020