JustSwap Review

JustSwap is a TRON-based system where you can quickly exchange TRC20 tokens in a decentralized way. It’s made by JUST, a foundation that works on TRON-based DeFi projects and explores DeFi on the TRON network. JUST has also made other things like USDJ, a stablecoin, and JustWrapper. The price depends on how much of the tokens are in the pool. In this review, we’ll show you how to use JustSwap, add tokens to its pools, and tell you about fees and which wallets work with JustSwap. 

🏢 Headquarters	United States
📅 Year founded	2020
⭐ Trading features:	Similar fees for takers and makers who are involved in spot trading; Trading perpetual contracts with different coins as a collateral.
💻 Trading platform:	Proprietary web platform based on TradingView and Zoomex Mobile App for iOS and Android
💰 Account currency:	more than 45 cryptocurrencies
📊 Accounts:	Funding Account, Contract Account (Spot Account and Derivatives Account), and Copy Trading Account
💵 Withdrawal:	Direct deposits and withdrawals of cryptocurrencies and deposits of fiat currencies through special services
💵 Deposit:	–
🚀 Minimum deposit:	N/A
⚖️ Leverage:	Up to 1:150
💼 PAMM-accounts:	N/A
📈️ Min Order:	USDT 1-USDT 10 subject to the pair
🔧 Instruments:	Inverse perpetual contracts, USDT perpetual contracts, and spot cryptocurrency pairs
📋 Orders execution:	Market execution, limit, stop loss, and take profit
☎ Customer Support:	24/7
🎁 Contests and bonuses:	Yes

 

JustSwap is a decentralized exchange (DEX) that started in 2020 during the DeFi boom. It’s a DEX protocol by TRON, a blockchain platform. JustSwap lets users trade tokens easily and with lots of liquidity.

JustSwap is a DEX where you can swap TRC20 tokens instantly. Market makers can make money without any issues. Justin Sun, Tron’s CEO, launched JustSwap in July 2020. It helps provide liquidity on Tron and encourages people to join open financial markets. With JustSwap, DeFi on Tron is cheaper and more trustworthy.

JustSwap Fees

When you trade on JustSwap, you’ll be charged a fee of 0.3%. This means that if you swap TRC20 tokens, you’ll pay a fee of 0.3% of the total value.

The fee you pay goes directly to the liquidity providers. There are no extra fees. This fee system is much like other platforms such as Uniswap and Mooniswap, where the trading fee benefits the liquidity providers.

JustSwap Supported Wallets

JustSwap works as a decentralized exchange on the TRON network. To use it, you need a TRON wallet that lets you interact with TRON-based dapps.

One popular TRON wallet supported by JustSwap is TronLink. TronLink can be added to your web browser from the Chrome Web Store, making it easy to use JustSwap on your computer. If you prefer to trade on your phone, TronLink is also available for download from Google Play, allowing you to access JustSwap on your mobile device too.

JustSwap Trading Volume

When this review was first written on February 25, 2021, JustSwap’s trading volume for 24 hours was $45.4 million, according to coinmarketcap.com. When this review was last updated on December 2, 2021, the 24-hour trading volume was $153,766, compared to $76.7 million on September 15, 2021.

JustSwap Trading View

The trading view on JustSwap shows you the current price chart of a specific cryptocurrency. It also displays the current price of that cryptocurrency. You can see buy and sell boxes where you can make orders for that cryptocurrency. Additionally, you can check the order history to see previous transactions involving that cryptocurrency. All this information is available in one view on your desktop. There are different versions of the trading view, but they all show similar information.

How to use JustSwap?

Here’s how to use JustSwap:

Step 1: Connect your TronLink wallet to JustSwap

To trade TRC20 tokens on JustSwap, you first need to log in to your TronLink wallet. Then, go to JustSwap and click the “connect to wallet” button to link your wallet to the platform.

Step 2: Swapping tokens on JustSwap

Once your TronLink wallet is connected, you can start trading your TRC20 tokens and TRX on JustSwap. JustSwap doesn’t have an orderbook and uses automatic pricing. To make a trade, select the amount of the coin you want to swap and the coin you want to receive. You’ll see the minimum amount of token you’ll get and the fee you’ll pay before swapping. Click “swap”, then “confirm” in your TronLink wallet to complete the transaction.

How to add liquidity to JustSwap?

Here’s how to add liquidity to JustSwap:

Step 1: Connect your TronLink wallet to JustSwap and click on the “pool” tab.

To add liquidity to JustSwap pools, first, connect your TronLink wallet to the platform. Then, click on the “pool” tab and select the “add liquidity” button.

Step 2: Adding liquidity to a JustSwap liquidity pool

First, choose a pair of tokens. Then, enter the amount for one token. The amount required for the other token will be automatically calculated and shown. You need to provide an equal value of each token to the liquidity pool.

For example, if you want to supply 10,000 TRX to the TRX/BTC pool, you will need 0.024 TRON-based Bitcoin in your wallet.

After confirming your inputs and checking the share of the pool, etc., you can complete the transaction by confirming it in your TronLink wallet.

Deposit Methods

JustSwap, like most other decentralized exchanges (DEXs), doesn’t allow you to deposit fiat currency. This means if you’re new to cryptocurrency and don’t have any crypto yet, you can’t trade on this platform. To buy your first cryptocurrencies, you need to use what’s called an entry-level exchange, which is an exchange that accepts deposits of fiat currency.

JustSwap Security

Decentralized exchanges (DEXs) have servers spread across the globe, unlike centralized exchanges, which concentrate servers in fewer locations. This spread-out setup reduces the risk of server downtime and makes DEXs nearly immune to attacks. If one server goes down in a DEX, it doesn’t affect the whole network much. However, in a centralized exchange, breaching one server can cause significant damage.

When you trade on a DEX, the exchange never holds your assets. Even if a hacker somehow breaches the exchange, they can’t access your assets. In contrast, centralized exchanges typically hold your assets until you withdraw them to your private wallet. If a hacker breaches a centralized exchange, they can steal the funds held there. This risk doesn’t apply to decentralized exchanges like JustSwap.

Conclusion

In conclusion, JustSwap is a decentralized exchange (DEX) built on the TRON network, allowing users to swiftly trade TRC20 tokens with high liquidity. Developed by the JUST foundation, which focuses on TRON-based DeFi projects, JustSwap contributes to the expansion of DeFi on the TRON platform. With a 0.3% trading fee benefiting liquidity providers, JustSwap operates similarly to other DEX platforms like Uniswap. Supported by wallets such as TronLink, it facilitates easy access for users, both on desktop and mobile. JustSwap’s trading volume has shown growth, indicating its increasing popularity and trustworthiness within the TRON ecosystem.