By Shelly Melancon (Switzerland)
JustSwap review
JustSwap is a token resource center that uses TRC-20 in its trading. This JustSwap Review covers and gives a full grasp of JustSwap’s features, benefits, and usability. You can lend, swap, and pool tokens in JustSwap. The total value of tokens locked is $1,021,1174,728. JustSwap supports TRX and serves all global TRON users. JustSwap also supports TRC-10 and TRC-20 tokens.
In the JustSwap domain, developers are entirely serving; the testing environment can open up SDK. This helps in fully developing TRON’s ecosystem through joint efforts. For you to participate fully in JustSwap, the new token information needs to be recorded in Tronscan. Tronscan has features that enable it to scan for energy if freezing, swapping, or pooling in tokens for trade.
When Tronscan goes through your application and it is found successful by the team, you can generate trading pairs on the website or App and add a fund pool to the platform you are using for trade.
The JustSwap system is developed to have four parts: lending, liquidation, oracle machine, and system management.
| Exchange platform | JustSwap |
| Website | https://www.justswap.io/#/home |
| Variety Crypto | USDC, USDT, TUSD, USDJ, JST, BTT |
| Account needed | No |
| Verification | Yes |
| Verification levels | Multi-Layered |
| Trading Platforms | Website, App |
| Payment method | TRON wallet, Cryptowallets |
| Customer support | Twitter, Telegram, WeChat, Email |
What is JustSwap?
JustSwap is a decentralized financial system. It uses USDJ stable coin. Anyone, from all over the world, can get access to it. JustSwap is an exchange protocol that ensures that there is decentralization and security in its conversion and trade. All modifications are based on system price, and each exchange method is done between TRC20 tokens. Liquidity providers of methods or protocols of exchange are in charge of all the trading fees.
JustSwap uses a decentralized wallet to log in. This means you do not have to go through the hassles of opening an account or getting verified. With a decentralized wallet, you only need to log in through Tronlink. Tron Link is a decentralized wallet that JustSwap currently supports.
You don’t need to connect a wallet when using JustSwap in the Tronlink App. This is because you will be automatically connected to the current Tronlink account that you have. If you need to switch accounts, all you have to do is go where the wallet is managed and change your current account (there’s a place for it on TronLink App).
JustSwap works in such a way that everything is decentralized. There are no authorities involved; there is no intervention of centralized facilities or institutions in all the transactions. Intelligent contracts manage all trades, and there is no need for making offers or matching orders. Any transaction pool conducted supports token exchanges. Adding liquidity helps token businesses too.
This, however, maintains the function of the smart contract to ensure that all transactions are secure, safe, and fast. The tokens that are supported for Swap in JustSwap’s platform are the tokens between two TRC2O passes. The tokens between TRX and TRC20 tokens are also accepted.
The TronPulse energy tracker has apps and tokens. Here, you can take action, make a transaction, view the bandwidth of a pass, see the energy levels, burn TRX, and freeze TRX. You can calculate energy by burning TRX and calculate power by burning TRX.
In JustSwap, you can exchange tokens. Just make sure to calculate the corresponding amount of the other receipt that needs to be swapped. While doing that, the stats will show maximum sold, price impact, liquidity provider fee (from estimated and balance as well), the price and slippage. You will need confirmation from your wallet and you also need to accept the request signature.
Once your swap is submitted and successful, you can view it on Tronscan. It will be shown as confirmed. You can equally connect your wallet from JustSwap’s navigation bar. This can be done by selecting the TRONlink wallet and following the prompts that will be shown either on the website or App.
On the JustSwap website and App, you can view 24 hour trends of a pair. Here you will see the latest price, lowest price, and highest price. This will enable you to communicate well with your trade and effectively see how it moves up in charts and the market. On the interface, you will see total liquidity, volumes, transactions, and pooled tokens.
You will also see the charts of trends. To generate your recent transaction history, everything will be shown in the popup box on the navigation bar.
JustSwap Trading services
JustSwap’s trading services include swapping tokens, pooling in tokens, lending and tracking tokens.
JustSwap Fees
Like all trading cryptocurrency sites, JustSwap has a fee. JustSwap’s trading fee is a 0.3% trading fee that subscribers pay as token liquidity. Whichever token you are exchanging for, 0.3% of it will be charged as the trading fee.
Withdrawal and Deposit Fees
In JustSwap, there is something called external arbitrage. External arbitrage is users trading and looking out for prices set on a pool. It is not their sole aim to trade; they are equally looking for unreasonable fees. JustSwap works so that the initial collection price is usually set by the first person who creates the pool.
This first-person is also the one that adds liquidity to the initial price set. So if the initial prices set are unreasonable, the external arbitrage, who are also the users, will connect the price.
JustSwap API
In JustSwap, you get access to the API for all trading pairs. All application programming interfaces have parameters and the format of the return value. A user is granted a request to the API per person and per user for a second. JustSwap’s application programming interface has an intelligent contract API and a backend API.
The intelligent contract API has a factory contract and exchange contract. The factory contract is created in such a way that it builds trading pairs. After building these trading pairs, it makes sure that it manages it too.
The exchange contract means that there is an exchange contract for each trading pair. So each trading pair comes with an exchange contract of USDT/TRX. Furthermore, there are lists of contract interfaces which include TRC20 Token. The interface consists of: function transfer, external returns, function approval, external returns, function total supply, function balance, exterior view returns, function allowance, event transfer, and event approval.
Another contract interface includes the factory; this is where the new exchange takes place. Also, the conversation is a type of contract interface where you purchase tokens, buy liquidity or remove liquidity, swap tokens, transfer input, transfer output, and output price.
JustSwap’s backend application programming interface consists of parameters that include the size of each page and the number of each page. The backend also includes a return value format with the quote name, base quote, base id, base symbol, base volume, price volume, base decimal, quote decimal, and error messages.
JustSwap Limits and Liquidity
JustSwaps liquidity ensures that users get updated mining schedules in phases. Also, mining rewards from the liquidity mining pool are shared according to different wallets. Mining rewards can be claimed at any time, while the remaining ones will be shared once a week for 24weeks.
JustSwap’s limits are expansive as there are no limits to what you can stake in, pool, lend, or swap. You can add liquidity to your collection by choosing a token for the liquidity to be added to.
JustSwap system has a complete liquidation function, and this function is open to all users. Some methods and documents are put in place for users to get access to it.
You remove liquidity on JustSwap by searching in the pool you want to remove the liquidity. You will see pool token and pool shares, amount, and add or remove. Doing all these requires confirmation from your wallet.
To calculate the ratio of tokens that need to be added to the pool, you need to understand the proportion of receipts and the TRX amount available in the current collection. Determinants of creating the first pool are determined by the person that generated it first.
JustSwap’s liquidity mining was created to ensure that users’ assets and earnings are secure so to mine, you need to hold tokens, specifically LP tokens. Total staked and mining pools are shown on the interface to guide you on the fastest way to mining. There is a new mining integration on JustSwap and JustLend.
JustSwap Portfolios
According to cryptorank.io recent research, JustSwap came out with 10,444 as its DEX highest social signal. This was the latest rank of August 4, 2021. JustDefi also hit an incredible milestone, with the TVL crossing 5.6 billion.
JustSwap has a user base of 6.5k users, 12.22k transactions, a volume of $6.18m, and a balance of $190.87M. TRON won an ecosystem of the month award from Cryptocurrency. Surpassing others, it emerged the best as transactions on it reached 929,2876,8. TRONs daily new account reached ETH of 621,570.
Recently too, SUN was added as a collateral fit asset. This means that SUN can be used as an asset to proceed to governance in the LP pools. Through the community governance program, JustLend emerged as TRON’s first official lending platform.
Four stable coins on TRON had the following numbers to them:
Their circulation rates were USDT 31.99+ billion circulation, TUSD 322+ million circulations, USDJ 108+ million circulations, and USDC 108+ million circulations. USDC is a stable coin brought in by circle and coin base.
JustLend supports cryptocurrencies and wallets: NFT, TUSD, ETH, TRX, SOLD, JST, WBTT, WIN, BTC, ETH, USDT, and USDJ.
Cryptocurrencies Available on JustSwap
USDC, USDT, TUSD, USDJ, JST, BTT
JustSwap Interface
JustSwap’s interface supports the whole user experience and creates diversity for its user’s purpose. All users can be sure to participate in JustStable, JustLend, and JustSwap suites in their domain. All these protocols are done seamlessly because JustSwap makes sure that its interface aligns with the practice standard of user experience.
On JustSwap’s interface, you can generate and import wallets easily. It is user-friendly and straightforward. It is on the website and mobile using Dapps. The website supports the Defi ecosystem.
You can create multiple accounts as this is supported on the JustSwaps interface. With JustSwap’s interface, you can click all buttons which are highlighted at will. The website has software, good browser extensions for seamless transactions, and mobile apps for accessible communication on your phone when you need to perform a quick transaction. TRON Apps are enjoyed anywhere you want because it was built with you in mind.
How secure is JustSwap?
JustSwap has a lot of features to make sure that its user’s privacy and safety are secured. With its decentralized wallet, data security is ensured by utilizing local storage of private keys, multilayer algorithm encryption, and proper physical insulation.
JustSwap has about 1332 nodes in different countries of the world, with rankings. The countries include the United States of America with a ranking order of 436, China ranking 200, Germany ranking 152, Singapore ranking 147, Hong Kong ranking 78, Japan ranking 71, South Korea ranking 43, France ranking 27, United Kingdom ranking 19, Ireland ranking 17, Russia ranking 16, Netherlands ranking 15, India ranking 13, Romania ranking 11, Canada ranking 11 and others ranking 64.
All these are free nodes supported for node switch and breakpoint reconnection. These supports ensure that the node is stable and reliable. TRON development team has an iterative seamless integration with TRON’s MainNet. This enables repetitive upgrades when needed.
Some of JustSwap’s features that support its security are support resources for freeze, unfreezing, and voting. TRON’s ecosystem building is highly integrated so that users are intuitively involved in it. Also, TRON’s ecosystem supports SDK and a fully blown testing environment to serve developers fully, especially for expansion.
TRX and all TRC-10, including TRC-20 tokens, are supported to serve worldwide and global TRON users. JustSwap also conducts periodic audits on its website and app-based platforms. The slow team audit conducts these checks on the agreement of both parties. These are done on the intelligent contract Defi on the white, gray, and black box.
The black box testing is done for hackers and bugs that might be done externally. So these measures are put in place to protect, secure, and stay proactive for its users. These smart contracts are also made on levels ranging from critical vulnerabilities, high-risk and medium-risk vulnerabilities, low-risk vulnerabilities, weaknesses, and enhancement suggestions.
Also, the audit methodology for the security audit process includes two steps: the area of codes being scanned, and the area of manually auditing the codes for security issues and proactiveness of problems that may come up.
Some of the most frequently known vulnerabilities that were looked into during these audits are: Reentrancy attack and other Race Conditions, Replay attack, Reordering attack, Short address attack, Denial of service attack, Transaction Ordering Dependence, Conditional Completion attack, Authority Control attack, Integer Overflow and Underflow attack, TimeStamp Dependence attack, Gas Usage, Gas Limit and Loops Redundant fallback function, Unsafe type Inference, Explicit visibility of operations state variables, Logic Flaws, Uninitialized Storage, Pointers Floating Points, and Numerical Precision tx. Origin Authentication “False top-up” Vulnerability Scoping.
Customer support
JustSwap’s customer support includes how-to guides and customer experience representatives on Twitter, WeChat, Telegram, and JustSwap’s email address, all for instant help when you need it. On JustSwap’s blog is how to use the online cold wallet, how to withdraw and deposit, how to use the address book, how to import your account to TronLink wallet. All these are provisions for their esteemed users to get accustomed to the website and App and use it to its fullest.
Their Twitter page serves as the first place to publish latest news, events, or information for users. You cannot drop a message here, but there is a helpful community present here.
- Telegram
The Telegram space is a great place to have live chats with their representatives.
With their Email, complaints, inquiries and more can be shared. It takes a few hours to a few days for a response to be gotten but it is the most effective for detailed complaints and inquiry.
Conclusion
JustSwap is accessible everywhere you can think of, in the world. With the fast rise of Cryptocurrency, decentralized finance, and stable coins in trading, you are swapping, staking pools, and lending. This is just right for all trading benefits and gains.
The governance of JustSwap is such that you need to have JST locked in for you to vote; they love for you to be a part of the community. The JUST governance committee has set up a voting system for the issuing price; this means accountability and proper planning for its users.
JustSwap recently released token domination and upgraded it to accommodate the SUNswap project. This platform upgrade guide will not affect the market cap but will increase sun tokens to a reasonable amount. This means that users who have decentralized tokens stored will need to swap theirs for the new sun tokens.
There have been provisions, too, for users who may encounter some issues with exchange and its failure; this is due to insufficient energy or bandwidth, and a small slippage percentage. Make sure the above are sufficient so your exchanges don’t fail. JustSwap is a high-ranking member in the coin base and crypto world. It has a lot of potential and it is fast moving in the industry.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.