Quantcast
CryptoLocally Adds TRON Based USDJ and JST - BlockNewsAfrica
Featured

CryptoLocally Adds TRON Based USDJ and JST

CryptoLocally continues to expand its offering for direct global trades through its peer-to-peer platform by adding TRON-based USDJ and JUST.

In a blog post published earlier this week, CryptoLocally announced the addition of USDJ and JUST. Both cryptocurrencies are based on the TRON blockchain.

USDJ is a stablecoin backed the US dollar issued through a decentralized lending platform to create collateralized debt positions (CDPs) backed by cryptocurrencies. With a lot of development happening in the stablecoin niche of the cryptocurrency ecosystem, USDJ joins the category of tokens meant to protect users against volatility.

On the other hand, JUST (JST) is the protocol and governance token of TRON based JUST Network. Holders of JST tokens can vote on issues relating to the decentralized stablecoin issuance platform’s proper operation.

Also, holders of JUST (JST) have the power to vote on how to regulate risk and determine global settlers that resolve volatility when the price of USDJ differs drastically from its US Dollar peg and select valid proposals.

CryptoLocally becomes the first peer-to-peer trading platform to list JST and USDT. The platform has been building a portfolio of projects based on the EOS ecosystem and TRON blockchain.

Recently, CryptoLocally added TRON (TRX) and integrated USDT-TRC 20 (Tether USD on the TRON network).

As part of the addition of these two tokens, CryptoLocally is giving away 500 USDJ. Participants have the chance to win USDJ by following CryptoLocally on Twitter and trading USDJ on CryptoLocally. The giveaway began on June 15, 2020, and ends on June 22, 2020. 

  • Save
BlockNewsAfrica

BlockNewsAfrica is a Ghanaian based media company that will provide information and data on the developments in the cryptocurrency and blockchain technology industry on the African Continent.

790 views
Share via