Interview with Justin Sun: JustSwap will create a new model of open financial market

Recently, DeFi is undoubtedly the hottest field in the market. The latest data shows that the total amount of DeFi ecological lock-ups has exceeded 6.381 billion US dollars. This figure is close to the amount of deposits of tokens issued by major exchanges around the world in 2019. It can be seen that investors' investment sentiment towards this wave of DeFi boom has not diminished. 2019.

On August 18, JustSwap, the founder of TRON and CEO of BitTorrent, officially announced the latest DeFi product JustSwap in a live broadcast, becoming the first DeFi project running on TRON. Earlier, Justin Sun called it the "Baibi Coin Factory" on Twitter, hoping to use it as an important traffic entrance for TRON's DeFi ecosystem. In this regard, Justin Sun accepted an exclusive interview with Jinse Finance to provide an in-depth interpretation of JustSwap’s unique value potential, as well as Tron’s far-reaching strategic layout and planning in the DeFi field.

The following is the transcript of the interview:

0xScope: Sun Yuchen cashed out 100 million US dollars at Christmas: On December 26, 0xScope tweeted that Sun Yuchen cashed out 100 million US dollars at Christmas. After 5 minutes, the same amount of USDT on the Ethereum chain was withdrawn from Binance. After that, the address traded 100 million USDT into USDC through 1inch and transferred it to Circle for cash out. [2022/12/26 22:08:33]

Jinse Finance: Earlier you said on Twitter that the next place where 100 times coins will come out must be JustSwap produced by JST. Could you please introduce JustSwap and what are the similarities and differences between it and Uniswap?

Justin Sun: Let me first introduce JustSwap, which is the first decentralized token exchange protocol on the TRON network. Users can realize instant exchange between any TRC20 pass, the system is priced, and the operation is convenient; no need to register an account, only need to connect through a decentralized wallet. TronLink wallet is currently supported. Users can also become liquidity providers to obtain handling fees, and the agreement does not charge any commission. To sum up, JustSwap has five core advantages:

Justin Sun: Working with FTX to develop solutions to support Tron-based Tokens on FTX: On November 10th, Justin Sun stated on his social platform that he is working with FTX to develop solutions to support Tron-based Tokens on FTX (TRX, BTT, JST , SUN, HT), whose teams are actively working to avoid the situation from deteriorating, and the situation is currently under control.

As previously reported, on November 9, Huobi officially announced that Huobi and TRON DAO will permanently accept all TRON tokens (TRX, BTT, JST, SUN, HT) on the FTX platform at a rigid ratio of 1:1. Users need to fill out the form and submit Register a Huobi account, and Huobi will use this as a basis to coordinate and reconcile with the FTX platform regarding the withdrawal of TRX, BTT, JST, SUN, and HT. [2022/11/10 12:42:33]

1) Traders can quickly exchange any TRC20 token. Market makers can achieve zero-threshold profit.

2) Unlimited liquidity. Everyone knows that liquidity can be said to be the most important factor for the development of all projects, trading platforms, and the entire industry in the circle. JustSwap can provide unlimited liquidity for thousands of traders and hundreds of them.

Justin Sun: Regarding the theft of KuCoin, TRONSCAN and Poloniex will provide necessary assistance: Regarding the theft of KuCoin, Justin Sun tweeted that he expressed sympathy for the experience of the KuCoin team and all users, and hoped that they can recover the funds as soon as possible. TRONSCAN will mark the address of the hacker so that all exchange partners know. Poloniex will maintain high vigilance in case stolen funds are transferred to Poloniex. [2020/9/26]

3) Convenient and quick. With JustSwap, you can trade instantly without waiting for the order to be matched.

4) Open to all. JustSwap has zero threshold and is open to everyone, just like TRON has always been committed to providing everyone with a fair and just open financial market.

5) High yield. JustSwap continuously pays users transaction fees, and the agreement does not charge any commissions.

JustSwap has also been officially launched on August 18th. Everyone is welcome to actively participate and give us valuable opinions and suggestions!

Jinse Finance: Why do you think JustSwap has the potential to breed 100 times coins? What factors are needed behind the birth of a 100 times coin?

Justin Sun: JUST will take the essence of DeFi finance and user needs as the benchmark, and focus on mortgage lending and other scenarios: According to the latest news, Justin Sun, founder of TRON and CEO of BitTorrent, is conducting a live broadcast. Sun Yuchen said in the live broadcast: "From DeFi For various financial scenarios in the ecology, TRON has no congestion, low fees and is extremely suitable for providing a pledge environment, liquidity management environment, etc. JUST will take the essence, scenarios and user needs of DeFi finance as the benchmark, and pay close attention to many Mortgage lending, liquidity mining, self-government, stablecoins, decentralized lending and other derivative scenarios are committed to providing users with the best and most suitable services. In this hot wave of the DeFi market, JUST will definitely be the strongest and most resilient Yes, everyone is welcome to use JustSwap, I believe this must be the good DeFi product you don’t want to miss.” [2020/8/18]

Justin Sun: No matter what you do, it is most important to have a strong user base and a super secure network infrastructure, and it is a coincidence that TRON has all of these. JUST is highly expected by TRON, and it is the main and core deployment of TRON at this stage. JUST is evolving from a single JUST token to the core token of TRON's decentralized finance.

Sound | Justin Sun: DLive is integrated into the BitTorrent ecosystem and BTT users can be converted to DLive users: According to the latest news, TRON founder Justin Sun is live broadcasting on a live broadcast platform at 11:00 today, summarizing the progress of TRON in 2019 and making the first announcement The mysterious guest of niTROn SUMMIT 2020. Sun Yuchen said in the live broadcast that DLive will be integrated into the BitTorrent ecosystem, BTT users can directly convert to DLive users, DLive live broadcast share will be returned to BTT holders, users can also use BTT to reward the anchor, BTT will become the main platform currency of DLive . [2020/1/29]

A few days ago, the installation volume of BitTorrent officially exceeded 2 billion globally. As BitTorrent has reached an in-depth strategic cooperation with the JUST team, BTT, as one of the designated pledge tokens for JUST and TRON to enter the DeFi ecosystem, will participate in JST pledge mining at the same time. This also means that JUST has obtained 2 billion users from BitTorrent. Everyone in the industry knows that the figure of 2 billion is a volume that cannot be underestimated in the traditional Internet. Now, with unlimited potential, the market value of JUST has a huge room for imagination. I believe that JustSwap will also live up to expectations and gain recognition and support from the market and community users.  

Jinse Finance: Besides JustSwap, what other products does Just DeFi have? What aspects do you think a complete and healthy DeFi ecosystem should include?

Justin Sun: First of all, if we want to talk about a complete and healthy DeFi ecosystem, it must include wallets, loans, savings, stable coins, DEX, infrastructure, analysis tools and other fields. Many of these projects have achieved good results in the market. For TRON, DeFi is an all-dimensional strategy, and the launch of JUST-related DeFi products is the best proof of the all-dimensional strategy. In addition to JustSwap, we will release JUSTLend at the end of August, which is Compound on TRON. At the same time, TRX, the TRON ecosystem, will also officially enter the blockchain oracle market. Obviously, JUST has begun to take shape as a DeFi empire. Keep moving forward with a complete and healthy DeFi ecosystem.  

Jinse Finance: Recently, BitTorrent and JUST reached a strategic cooperation. Please introduce the specific content-ethexc of the cooperation. Why did you choose JST as the foundation of TRON’s DeFi ecosystem? How did the two fit together?

Justin Sun: BTT, as one of the designated pledge tokens for JUST and TRON to enter the DeFi ecosystem, also participates in JST pledge mining, which means that JUST has gained 2 billion users from BitTorrent. Governance of the JUST platform is mainly accomplished by JST holders voting for effective proposals. It can be said that the system governance of JUST mainly depends on the holders of JST. On the one hand, JST holders can enjoy the benefits brought by USDJ’s stability fees, on the other hand, JST holders also need to undertake the governance function of the JUST system at the same time. Realizing the circulation of value and making the income rights truly belong to users and users is what TRON has been doing, and it is also the most effective way that many practitioners have been pursuing to perfectly fit the decentralized mechanism of the blockchain.

From now to the future, all ecosystems of TRON will give JUST DeFi the greatest support. JUST is moving rapidly, knowing that the market competition landscape is ever-changing, we dare not neglect for a moment, and it is our goal to steadily realize and vigorously promote the construction of decentralization. We have never stopped because of some small achievements, and JST is also moving from a single The JUST token has evolved into the core token of TRON's decentralized finance. In the future, the JUST team will also release new products to serve our decentralized lending and support multiple decentralized products in the TRON ecosystem. In short, the future TRON and future JUST platforms are definitely worth looking forward to.

Jinse Finance: How can investors participate in it? Will there be any related welfare activities in the near future?

Justin Sun: JustSwap has zero threshold and is open to everyone. You don’t need to register a new account to use JustSwap, you only need to connect through a decentralized wallet. Currently, it supports TronLink wallet, supports the exchange between TRX and TRC20 tokens, and also supports the exchange between TRC20 and TRC20 tokens exchange. Just like TRON has always been committed to providing everyone with a fair and just open financial market. JustSwap will have a lot of welfare activities to give back to users in the near future, so everyone must pay attention to the official announcement.

Jinse Finance: After the integration of JUST, how will TRON DeFi develop? What are the future plans?

Justin Sun: TRON started deploying DeFi as early as 2019. At that time, it supported the community to develop JUST, which was officially launched in May this year. TRON’s attitude towards DeFi has always been All in. It should be emphasized that investing in JST is equivalent to investing in Uniswap, Compound, TBTC, and Synthetix. All functions are combined into the functions of a coin. As more products are launched one after another, JUST will evolve from a single JUST token to a core token in the decentralized finance of TRON in the future. TRON's DeFi is a definite opportunity for developers and investors. It has low risk, strong certainty, fast growth, and success. It is a wave of dividends that investors can see with the naked eye! It has to be said that the next wave of DeFi opportunities lies in TRON!

At present, it seems that most of the popularity of the DeFi market comes from the upsurge of speculation, but the core value of DeFi is not only in this, its long-term vitality should come from the construction of a new business system and financial system, so as to create a new, rich and diverse financial business. In the fertile soil of TRON, we will wait and see whether DeFi can regenerate new vitality.

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