TRON CEO announces first JUST foundation airdrop with 217 million JST

  • TRON CEO, Justin Sun, announces the first JUST foundation airdrop for May 20 this year. 217,800,000 JUST will be given away. 
  • The quantity delivered in the airdrop represents 2.2% of the total supply. The JST token will be delivered every month for the next two and a half years. 

TRON CEO Justin Sun announced the first JUST Foundation airdrop on Twitter. The airdrop will take place on May 20 this year, that day the snapshot will be taken at 00:00 (UTC). At the event, 217.8 billion JUST tokens (JST) will be given away, corresponding to 2.2% of the total supply.

TRON CEO: 2 years of airdrops for TRX holders

TRX holders are the only ones that can claim free JST token. These events will take place every month for the next 2 and a half years. However, this airdrop will be different from other ones till date. From the first airdrop and for 12 months, the JUST Foundation will deliver 237,600,000 JSTs corresponding to 2.2% of the total supply.

Starting in June 2021 and for 12 months, JUST Foundation will give away 257,400,000 JST which corresponds to 2.6% of the total supply. Finally, in June 2022 and for 5 months, JUST Foundation will give away 277,200,000 JST corresponding to 2.8% of the total supply. The JST tokens will be sent to all addresses running on the TRON blockchain that have a balance greater than or equal to 100 TRX. Depending on the announcement, it may take up to 72 hours to receive the tokens. The Tron Foundation recommends the following to the users:

(…) you may want to connect with the customer support service of the exchanges & wallets supporting our airdrop program where your TRX are stored if you have any questions. Airdrops will be automatically distributed to the TRON (TRX) holders, regardless of whether TRX are frozen.

The JUST Foundation clarified that it can change the terms of the airdrop at any time. They also “recommend” all exchanges to start trading with JST as soon as possible.

JUST is the TRON-based lending platform and JST is its stablecoin. The lending platform was announced in early April. Since its launch, the platform has been criticized by the crypto community for allegedly copying the system from the Ethereum-based lending platform, MakerDAO.

At the time of publication, TRX is trading at $0.012 with a 1% loss in the last 24 hours. The week chart shows a 6.06% loss and the monthly chart a 21.13% gain.

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About Author

Reynaldo Marquez has closely followed the growth of Bitcoin and blockchain technology since 2016. He has since worked as a columnist on crypto coins covering advances, falls and rises in the market, bifurcations and developments. He believes that crypto coins and blockchain technology will have a great positive impact on people's lives.

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