Convert
Peruvian Sol (PEN) to Just (JST) Instantly
Purchase Just (JST) with Peruvian Sol (PEN) 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 is the most common way to buy Just (JST) with Peruvian Sol (PEN)?
A direct PEN/JST trading pair is rare. The most common method is a two-step process: first, use a fiat on-ramp exchange that accepts PEN deposits via bank transfer to buy a major cryptocurrency like USDT or Tron (TRX). Then, transfer that asset to an exchange with high liquidity for JST and trade it for JST on pairs like JST/USDT or JST/TRX. This ensures a better exchange rate and access to a deeper order book. -
What is the function of the JST token within the TRON ecosystem?
JST is a TRC-20 token that serves as the core governance and utility token for the Just Network, a DeFi hub on the TRON blockchain. Its primary functions include governance of the JustStable (USDJ) stablecoin system, where holders can vote on proposals, and paying stability fees on Collateralized Debt Positions (CDPs). It's also used within the JustLend and JustSwap protocols, making it integral to TRON's DeFi landscape. -
Which KYC/AML procedures are required when using Peruvian Sol (PEN) on a crypto exchange?
To comply with anti-money laundering regulations, any cryptocurrency exchange offering a PEN fiat gateway will require Know Your Customer (KYC) verification. This typically involves submitting a government-issued ID (like a DNI), proof of address, and sometimes a selfie for identity verification. These KYC/AML compliance measures are standard for secure trading platforms to prevent illicit activities. -
What type of digital wallet is needed to securely store the JST token?
Since JST is a TRC-20 token native to the TRON blockchain, you need a digital wallet that supports TRON assets. Popular choices include TronLink (a browser extension and mobile wallet), Trust Wallet, or hardware wallets like Ledger for maximum security. Storing JST in a non-custodial wallet gives you full control over your private keys and digital assets, which is a crucial security best practice. -
What are the typical fees when converting PEN to JST?
Because the conversion is indirect, you'll encounter multiple fees. First, a deposit fee for your PEN fiat on-ramp. Second, a trading fee (usually 0.1% - 0.2%) for the PEN to USDT/TRX transaction. Third, a network fee if you move the USDT/TRX to another exchange. Fourth, another trading fee for the USDT/TRX to JST transaction. Finally, a withdrawal fee from the exchange to your personal TRC-20 wallet, which is paid in TRX to cover the TRON blockchain transaction cost.