TRON CEO Justin Sun has announced the launch of a new token called JUST. Sun took to Twitter to make the announcement, informing his followers that the platform’s testnet was successfully completed.
JUST, a stablecoin launched its mainnet on April 4 and seems to be named after the TRON CEO himself – an abbreviation of his first name. The token will be traded under the USDJ abbreviation but at the moment, no crypto exchanges have signified any interest in listing the stablecoin.
This announcement also attracted several reactions from Twitter’s crypto community. Because Justin seems to be quite a loud figure in the industry, many have accused him of hubris. These accusations, since the announcement, are now pouring in a lot more.
The TRON block explorer will now have a section dedicated to the JUST token. Regardless, it’s unlikely that the token will see a lot of support from exchanges and other outfits until there is more backing for it. As a stablecoin, exchange platforms will want to know that there are actual dollars backing JUST before they consider listing it.
In February, the 26-year-old entrepreneur who is also the CEO of BitTorrent eventually had lunch with billionaire businessman Warren Buffet.