Convert
Hong Kong Dollar (HKD) to Just (JST) Instantly
Purchase Just (JST) with Hong Kong Dollar (HKD) easily at Switchere and benefit from fast, secure transactions.
About
Just (JST)
Just (JST) is a comprehensive decentralized finance (DeFi) ecosystem built on the TRON blockchain, designed to provide a suite of interconnected financial services. Its primary objective is to create an all-in-one platform for TRON users, centered around its decentralized stablecoin system, JustStable. Through this system, users can collateralize TRON's native token (TRX) in a Collateralized Debt Position (CDP) to mint USDJ, a stablecoin pegged 1:1 to the US Dollar. This core functionality provides liquidity and a stable medium of exchange for the entire digital asset ecosystem on the TRON network.
The platform's architecture extends beyond stablecoins to include JustLend, a money market protocol for lending and borrowing, and JustSwap, a decentralized exchange for seamless token swaps. This integrated approach aims to build a robust financial infrastructure. The native digital asset, JST, is a TRC-20 token that serves a dual purpose. As a utility token, it is used for paying interest on CDPs. More critically, JST functions as a governance token, empowering holders to participate in on-chain governance by voting on key parameters like stability fees and collateral types, thereby shaping the future development and stability of the decentralized network.
How to Buy Just (JST)
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Frequently asked questions
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What does the HKD/JST trading pair represent in the DeFi space?
The HKD/JST pair allows users to directly purchase JST, a key governance and utility token for the Just ecosystem on the TRON blockchain, using Hong Kong Dollars. This trading pair acts as a crucial fiat on-ramp, enabling direct access to TRON's DeFi services, such as the JustLend lending platform and the JustStable protocol for the USDJ stablecoin, without needing to first acquire another digital asset. -
What are the common steps to buy JST using HKD on a cryptocurrency exchange?
To buy JST with HKD, you typically need to follow these steps: 1. Select a regulated cryptocurrency exchange that lists the JST/HKD pair or offers a direct HKD fiat gateway. 2. Complete the required KYC/AML compliance verification. 3. Deposit Hong Kong Dollars into your exchange account, often via methods like FPS (Faster Payment System) or a bank transfer. 4. Navigate to the trading section, find the JST/HKD order book, and place your purchase order. -
Beyond trading, what is the core function of the JST token on the TRON network?
JST is a TRC-20 token with fundamental utility in the Just DeFi ecosystem. Its primary functions include serving as a governance token, allowing holders to vote on proposals for the network, and paying stability fees on the JustStable platform's Collateralized Debt Positions (CDPs). Users can also engage in staking JST to participate in platform governance and potentially earn rewards. -
What are the typical fees and processing times when using HKD for a digital asset purchase?
When using Hong Kong Dollars for a digital asset purchase like JST, fees and times vary by platform. Deposits via FPS are often near-instantaneous and may have low or no fees from the exchange, though your bank might charge a fee. Traditional bank wire transfers can take 1-3 business days. Additionally, you'll encounter trading fees on the exchange, which are a small percentage of your transaction value shown in the order book. -
How can I securely store my JST tokens after purchase?
For secure storage of your JST, a TRC-20 token, you should transfer it from the exchange to a digital wallet where you control the private keys. Options include TRON-compatible software wallets (like TronLink) or hardware wallets for the highest level of security. This non-custodial storage method ensures that only you have access to your digital assets on the TRON blockchain.