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Announcements The TRX to JST PoS and Earn (Issue 1)

The TRX to JST PoS and Earn (Issue 1)

2020-08-12 09:56:44 UTC 115332 Read
Gate.io’s ‘HODL & Earn’ belongs to a series of crypto-asset management tools that guarantee a stable profit with less risk. With Gate.io’s ‘HODL & Earn,’ users can earn interest with temporary or fixed deposits. We will also launch asset management tools with major cryptocurrencies such as BTC and USDT, providing more ways for users to gain interest.

The TRX to JST PoS & Earn (Issue 1) has been launched on Gate.io HODL & Earn. The annual interest rate is 0.24%, which is based on the airdrop rule of JUST (JST) (for details, view https://medium.com/@TronFoundation/just-jst-airdrops-for-tron-trx-holders-53f093646f1f). The interest rate will be adjusted according to the amount of the official JST airdrop. TRX holders who want to claim their JST airdrop can participate in the event; no lockup; trading won't be affected.

Annual interest rate = monthly JST airdrop (19,800,000JST)÷ TRX minted in total (100,850,743,812TRX)* 12=0.002355956842945,approximately 0.24%

Web Users can use the link to purchase - https://gate.io/hodl/86, while app users can use HODL & Earn.

The participation rules are stated below.
Please note that the interest will be calculated based on the average amount of TRX, with JST being the distributed target token. The annual interest rate of JST aligns with the official airdrop rule of JUST (JST), based on the TRX-holding amount.

1) To take part in PoS & Earn, users need to hold TRX themselves. However, token lock-up is not required.
2) TRX-holding amount must be equal to or above 100. There is no handling fee being charged by Gate.io.
3) According to the airdrop rule of JUST (JST), the annual interest rate is 0.2356%, which will be adjusted based on the number of tokens airdropped officially.
4) The interest will be calculated based on the average amount of tokens in a position over a 14-day period, excluding the borrowed tokens.
5) The interest will be distributed every 14 days.
6) To continue to participate in the program, users need to operate manually.

Introduction to JUST
JUST aims to build a fair, decentralized financial that provides stablecoin lending and governance mechanisms for users around the world. JUST is a two-token . The first token, USDJ is a stablecoin pegged to the US Dollar at a 1:1 ratio and is generated by collateralizing TRX via JUST’s CDP portal. JST, the second token, can be used for paying interest, platform maintenance, participating in governance through voting, and other activities on the JUST platform. JUST allows all transactions, collateralization, and governance to be transparently used on-chain. JUST is built on the TRON Network, the largest decentralized application eco, and aims to provide a set of easy-to-use and transparent financial services for all its members.

Gate.io is a trading platform that does not charge listing fees, only launches quality projects, and provides users with 100% guaranteed and instant deposit-withdrawal services.
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Aug 12, 2020

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