TRX holders are set to enjoy a regular windfall over the next two years, as 10% of the total supply of JST is given away. The token, which was issued in a limited supply on Poloniex’s IEO platform at the start of the month, will be allocated to TRON users who hold a minimum balance of 100 TRX when each snapshot is taken. The first of these, scheduled for 00:00 UTC on May 20, will be followed by a distribution of 2.2% of the JST total supply.
A total of 9.9 billion JST tokens will ultimately be minted, but in the meantime they remain relatively scarce; the JUST LaunchBase sale on Poloniex sold out in four and a half minutes, and the supply of JST is currently limited to 396 million. This may account for why the token has performed so well on the secondary market, posting seven-day price growth of over 30%. Interest is expected to increase further once exchanges supporting the JST airdrop allocate it to TRX holders and open trading for it.
Not Just a Stablecoin
There has been some confusion over the role played by the JST token…