- Justin Sun said JST could be the “next 100x” token “, citing Justlend and recent JST performance.
- According to Sun, Justlend is expected to generate more than $ 100 million in annual income and plans to use profits for JST redemptions and burns to increase the value of the token.
The controversial founder of Tron, Justin Sun, believes that the JST token is undergoing a “complete fundamental reversal” which could transform it into “token 100x”.
This occurs while the Ecosystem Tron is expanding, mainly thanks to Justlend, which JST has incubated.
The following 100x
Justlend is one of the largest DEFI protocols in the industry, currently aliating more than 3.7 billion US dollars ($ 5.8 billion in) in total locked value (TVL).
In a recent post, Sun underlined the success of the platform, which is a loan platform without authorization based on Tron, as key engine for JST recovery.
Justlend is popular because of its friendly dashboard and, mainly, its massive yields, offering lenders up to 30%. In addition, Sun said Justlend had already generated “tens of millions of dollars” in net and expected US dollars (1.57 million dollars in) in annual income for the just in the future.
JST has essentially become a combination of Aave and MKR of Tron, with annual net benefits reaching tens of millions of dollars and continuing to grow. The predictions of conservative income of next year will exceed $ 100 million, and the current evaluation is very low compared to this.
Justin Sun, founder of Tron The USDD, which is a stable algorithmic launched under the Justlend platform and managed by the Dao Tron reserve, can offer more than 20% yields, as Sun said in a blog article in February.
It is quite interesting: a stablecoin algorithmic which offers extremely high yields and is supported by a very questionable founder. Where did I already see this in this industry?
Anyway, Sun added that JST “will end up using all of his profits to buy and burn JST tokens at the appropriate moment”.
Sun should attend the exclusive dinner that Donald Trump will organize in May, alongside 200 other Trump tokens holders. Speaking of the Trump room, its price recently dropped strong enough. It seems that the promise of special access to Trump has lost a little of its appeal.
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