Convert
Singapore Dollar (SGD) to Just (JST) Instantly
Purchase Just (JST) with Singapore Dollar (SGD) 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 SGD/JST trading pair represent in the crypto market?
The SGD/JST pair represents a direct fiat on-ramp for converting Singapore Dollars (SGD) into JST, the native governance token of the JUST DeFi ecosystem on the TRON blockchain. This allows users to acquire a TRC-20 token used for governing the platform, paying stability fees for USDJ collateralized debt positions (CDPs), and participating in TRON's DeFi landscape directly from their local currency. -
What are the common methods for purchasing JST with SGD on a cryptocurrency exchange?
To purchase JST with SGD, you'll typically use a regulated digital asset exchange that lists the pair. The process involves completing KYC/AML compliance, then funding your account with Singapore Dollars. Common deposit methods include FAST transfers or PayNow for instant funding, or standard bank transfers. Once funded, you can place an order on the SGD/JST order book to execute the trade. -
What are the core functions of the JST token within the TRON ecosystem?
JST is a TRC-20 token with three primary utilities in the JUST DeFi protocol. First, it serves as the governance token, allowing holders to vote on proposals that shape the platform's future. Second, it is used to pay the stability fees on Collateralized Debt Positions (CDPs) that generate the USDJ stablecoin. Third, JST can be staked on platforms like JustLend to earn rewards, contributing to the protocol's liquidity and security. -
After acquiring JST with SGD, what's the best practice for storing this digital asset?
For secure trading and long-term holding, it is highly recommended to move your JST tokens from the exchange to a non-custodial digital wallet where you control the private keys. Since JST is a TRC-20 token, you should use a wallet that supports the TRON blockchain, such as TronLink or Ledger. This practice protects your assets from exchange-specific risks like hacks or downtime and gives you full sovereignty over your funds. -
Are there specific regulations in Singapore to be aware of when trading SGD for crypto like JST?
Yes, trading digital assets in Singapore is regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act. When using a fiat on-ramp to convert SGD to JST, you must use a licensed and regulated platform. These platforms are required to enforce strict KYC/AML (Know Your Customer/Anti-Money Laundering) procedures, which means you'll need to verify your identity before you can execute a blockchain transaction.