Convert
Saudi riyal (SAR) to Just (JST) Instantly
Purchase Just (JST) with Saudi riyal (SAR) 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 SAR/JST trading pair and how does it work on a cryptocurrency exchange?
The SAR/JST pair represents the direct conversion of the Saudi Riyal (SAR) into the JUST (JST) token. On a cryptocurrency exchange, this pair functions as a fiat on-ramp, allowing users to purchase JST, a key TRC-20 token on the TRON blockchain, using their local currency. The exchange's order book matches buyers offering SAR with sellers of JST, facilitating a secure blockchain transaction and entry into the JUST DeFi ecosystem. -
What are the common payment methods to buy JST with Saudi Riyal?
To purchase the JST digital asset with SAR, most regulated exchanges in the region require KYC/AML compliance and offer several payment options. The most common methods include local Saudi Riyal bank transfers, which are often preferred for larger amounts due to lower fees, and credit/debit card purchases, which offer faster processing times. Some platforms may also support third-party payment providers prevalent in Saudi Arabia. -
Why is the JST token important for the TRON DeFi ecosystem?
JST is the native governance and utility token for the JUST DeFi platform on the TRON blockchain. Its primary functions include decentralized governance, where JST holders can vote on protocol changes, and paying stability fees on the JustStable platform. Users utilize JST to manage Collateralized Debt Positions (CDPs) for minting the USDJ stablecoin, making it an integral component for participating in TRON's DeFi services like JustLend and JustSwap. -
After buying JST with SAR, what are the security best practices for storing it?
For secure trading and storage, it is highly recommended to move your JST tokens from the exchange to a personal digital wallet after the transaction. Since JST is a TRC-20 token, you should use a wallet that supports the TRON network, such as TronLink or a hardware wallet like Ledger or Trezor for maximum security. Always safeguard your private keys or seed phrase, never share them, and be vigilant against phishing attempts. -
What is the relationship between JST, the USDJ stablecoin, and JustLend?
These are three core components of the JUST DeFi platform on TRON. Users lock up collateral (like TRX) in a Collateralized Debt Position (CDP) on the JustStable platform to mint the USDJ stablecoin. The JST token is used to pay the stability fees for maintaining this CDP. The minted USDJ can then be used on JustLend, the TRON-based lending protocol, to earn interest or be used as collateral for borrowing other assets, creating a synergistic DeFi ecosystem.