JUST Foundation set to launch the first JST airdrop

By: Jinia Shawdagor
Jinia Shawdagor
Jinia is a cryptocurrency and blockchain enthusiast based in Sweden. She loves everything positive, travelling, and extracting joy and happiness from… read more.
on Apr 14, 2020
  • JUST Foundation launches airdrops for the next two and a half years.
  • Only TRX holders with 100 or more TRX will be eligible for the airdrop.
  • Airdrops will start on the 20th day of each month at 00:00 AM UTC.

JUST Foundation has unveiled that it would roll out its first airdrop of JUST (JST) tokens to TRON (TRX) holders. The Tron Foundation unveiled this news via a blog post on April 10, noting that the snapshot would be taken at midnight on May 20. Per the snapshot, JUST Foundation will initially airdrop 217,800,000 JUST, which is 2.2 percent of the total supply.

Per the blog post, the foundation will then offer 237,600,000 JST to TRX holders over the next 12 months after the initial airdrop. This figure denotes a 2.4 percent supply of the total supply. JUST Foundation will then airdrop 257,400,000 JST starting June 2021. This figure corresponds with 2.6 percent of the total supply and this airdrop will run for 12 months after launch.

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Finally, JUST Foundation will airdrop an additional 277,200,000 JST starting June 2022. This figure corresponds to 2.8 percent of the total supply, and the airdrop will be active for five months after its launch.

Only Tron users with more than 100 TRX will get the airdrop

The publication unveiled that JUST Foundation would airdrop the JST to addresses running on TRON’s blockchain. However, only users with a TRX balance greater than or equal to 100 will get the distributed tokens. Tron Foundation unveiled that receiving the tokens would take up to 72 hours. This is because the airdrops consist of large amounts of tokens.

The firm added that the tokens would be distributed to all eligible holders regardless of whether the TRX in their addresses is frozen.

Elated about this news, Justin Sun, TRON’s founder, said,

“And here is another wonderful news for #TRON #TRX holders! #JUST foundation will airdrop $JST tokens every month during the next two and a half years and the ONLY users who are eligible for the #airdrop are TRON $TRX holders!”

https://twitter.com/justinsuntron/status/1249925296070856704

JST’s airdrop timeline

In the blog post, JUST Foundation shared the details of the upcoming airdrops. The timeline is as follows,

  • May 20, 2020 Initial airdrop of 217,800,000 JST
  • June 20, 2020 — May 20, 2021 (12 months) Amount of JST airdropped on the 20th of each month: 237,600,000
  • June 20, 2021 — May 20, 2022 (12 months) Amount of JST airdropped on the 20th of each month: 257,400,000
  • June 20, 2022 — October 20, 2022 (5 months) Amount of JST airdropped on the 20th of each month: 277,200,000

JUST Foundation noted that it reserves the right to change these terms at any time in its discretion. It then recommended that all exchanges start the Airdrops on May 20 and JST trading as soon as possible.

Do you think the launch of JST airdrops will help boost TRX adoption? Share your thoughts in the comment section below.

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