# JustSwap AMA Recap
This is an excerpt of the text of the JustSwap AMA published on Medium by @justdefi
In this JustSwap AMA Terence F, head of the JustSwap Project answered questions.
Somethings I were thought were notable about JustSwap:
**Permissionless**
the original documentation states that token listings are permissionless, so you don’t have to ask permission to list your coin project.
**All Transaction Fees go to Liquidity Providers**
Uniswap and other decentralized applications have you sharing transaction fees with the platform, but not JustSwap. All transaction fees go to liquidity providers. This is a great incentive to use this platform, and the rapid rise in daily volume suggests that the platform is successful.
**Fast and Cheap Transactions**
Transactions on Ethereum cost Ether, and you earn Ether. But at 400$ per token, transactions on Ethereum can cost 50 to 80 dollars during high activity periods. Transactions on JustSwap cost a Tron, which costs 2.5 cents right now.
These things and others discussed below show important things investors need to know. This is an excerpt, you will need to follow the link to view its entirety, but I tried to get the highlights.
[source](https://medium.com/@social_media_21602?source=post_page-----3bc7a04bc833--------------------------------)
This is an excerpt of the text of the JustSwap AMA published on Medium by @justdefi In this JustSwap AMA Terence F, head of the JustSwap Project answered questions.
>Host: What kind of platform is JustSwap?
Terence F: JustSwap is the first TRON-based token exchange protocol that supports fast and free TRC-20 token exchange at system-set prices. For market makers, project teams, and users who wish to earn transaction fees by providing liquidity, JustSwap provides a threshold-free fund pool feature that allows them to add and manage their own pool without the platform taking any commission.
>Host: Who can become a liquidity provider?
Terence F: JustSwap is in essence an open decentralized exchange where anyone can create trading pairs and provide liquidity without paying any listing fee. All users can deposit funds and withdraw their share anytime as per the Token-TRX ratio of the pool.
>Host: How will JustSwap benefit liquidity providers?
Terence F: Liquidity providers will earn from the 0.3% handling fee of each transaction as reward. All handling fees collected will directly go to the fund pool rather than the platform itself. Liquidity providers will share the handling fees in proportion to their contribution to the fund pool.
>Host: Can users add any trading pair at will?
Terence F: JustSwap is a TRON-based token exchange protocol that allows users to add any trading pair and make exchanges between any TRC20 tokens.
Users can search the token’s name or contract address on JustSwap to create a trading pair and add a fund pool.
If you’re the first liquidity provider that creates this trading pair, the ratio of token you add will determine the price of that pool.
If you add liquidity to any existing trading pair, you will have to put two TRC20 tokens of the same value into the fund pool.
If you want to issue your own TRC tokens, please visit tronscan.org and send an application.
>Host: Does JustSwap support TRC10 token exchanges?
Terence F: For the moment, JustSwap only supports exchanges between TRC20 tokens. Non-TRC20 tokens, including but not limited to TRC10 and ERC20 tokens, cannot be added or traded on JustSwap.
>Host: What’s the difference between JustSwap and a decentralized exchange?
Terence F：JustSwap is an automated liquidity protocol.JustSwap builds an on-chain trading pair pool with TRX and TRC20 tokens of the same value to provide liquidity to the exchange. On-chain trading pair pool employs an automated market maker algorithm to execute trading, free of order-book and trading counterparty, and the system automatically sets prices and matches orders instantly.
Managed by smart contracts, each transaction pool supports token exchanges, adding liquidity, etc. and essentially maintains the function x*y=k to ensure the legitimacy of transactions.
>Host: Does JustSwap require signup?
Terence F: Neither signup nor KYC is needed to trade on JustSwap. JustSwap is a decentralized token exchange protocol. Users only have to connect their decentralized wallet to access the service.JustSwap supports Tronlink extension. Users can simply install Tronlink extension on Google chrome to access JustSwap, instead of downloading the app. In addition, users can access JustSwap via many mainstream wallets such as Tronlink, Huobi wallet, TOKEN POCKET, imToken, Math Wallet, and Bitkeep.
>Host: How is the price determined on JustSwap?
Terence F: Price is determined by the number of tokens in each pool.The smart contract maintains a constant function: x*y=k, in which x = token1, y = token2, k = a constant number.Each exchange takes place by replacing some of the tokens with a certain number of the other token. As k remains unchanged, balances of the tokens will be updated accordingly, which leads to changes in prices......
### The rest of the AMA is available on Medium. You can find it here: [link](https://medium.com/@social_media_21602?source=follow_footer--------------------------follow_footer-----------)
It is my hope that one day this information will be posted on Steemit. Medium is an impressive and well known social media blogging platform. I wish them no ill will, but Steemit would love to have Tron publications on Steemit.
# Part Two of this article is about the JustSwap Whitelist.
### This is the whitelisted JustSwap Projects Daily Bulletin (Sep 25, 2020).
This publication is published on Medium daily as tokens are both added and removed.
### Introduction for Whitelist
The Tron blockchain dApp JustSwap has a permissionless listing system which allows people to list their own project coins, and lets the market decide which ones will be financially successful. This has unfortunately led to some scam coins be listed and investors losing money. In an effort to combat these scams the Just Foundation publishes a daily list of ***Whitelist*** tokens. Inclusion on this isn’t a guarantee, but it tells you there is a lot of interest in the coin. New coins which meet criterion are listed and coins previously list which don’t meet the criterion will be delisted.
### The following is an excerpt of the most recent published whitelist.
[source](https://medium.com/@social_media_21602?source=post_page-----2c1545072156--------------------------------)
>Dear JustSwap Users,
In the 24 hours since its launch at 23:00 August 18, 2020(SGT), JustSwap has reported a trading volume of over $10 million, outperforming its counterparts, and ranking it among the top 6 DEX by trading volume. JustSwap is at its core a decentralized and non-approval-based exchange for token listing, where anyone can list tokens and provide liquidity.
>However, please note the whitelist does not serve as investment advice or official endorsement for any project; it only shows verified project tokens that have submitted all necessary documentation for listing. Investors are advised to research and carefully consider risks before making investments of any kind.
>Since the team has recently detected a crop of fake tokens on the platform. The JustSwap team will implement all necessary measures to crack down on fake tokens and to safeguard users’ assets. All projects will undergo a strict reviewing process to ensure project legitimacy before listing. We extend sincere apologies to our community for the inconvenience caused.
>Additionally, a reporting channel has been established (report@JustSwap.org) and tokens discovered to be fake will be immediately delisted.
>Now, we have updated the whitelist and will provide a daily whitelist bulletin with all newly listed projects. The first whitelist was released on August 19th, 2020, and the JustSwap team will publish an updated whitelist every day.
## Whitelist Criterion
>And we are open and welcome to industry and community supervision as to jointly ensure that tokens entering the whitelist meet the following criteria:
1. In the Top 30 for daily trading volume and liquidity by comprehensive indicators.
2. Average daily trading volume and liquidity must be no less than 20,000 USD.
3. Tokens and projects must be proven to be authentic and genuine.
4. Whitelist tokens are ranked by trading volume and liquidity in accordance with comprehensive indicators.
Today’s (09.25) JustSwap project whitelist is as follows:
Token Name: Wrapped BTT
Token Symbol: WBTT
Contract Address: TKfjV9RNKJJCqPvBtK8L7Knykh7DNWvnYt
Token Introduction: This is the official BTT wrapping TRC20 contract.
Official Website: www.bittorrent.com
Twitter: https://twitter.com/BitTorrent
## Token Name: Wrapped TRX
>Token Symbol: WTRX
Contract Address: TNUC9Qb1rRpS5CbWLmNMxXBjyFoydXjWFR
Token Introduction: This is the official TRX wrapping TRC20 contract
Official Website: just.network
Whitepaper: https://www.just.network/docs/white_paper_en.pdf
Twitter: https://twitter.com/DeFi_JUST
## Token Name: SUN
>Token Symbol: SUN
Contract Address: TKkeiboTkxXKJpbmVFbv4a8ov5rAfRDMf9
Token Introduction: SUN is a social experiment, which focuses on the DeFi potential of TRON. Designed as the quintessential Bitcoin equivalent on the TRON network, SUN features zero VC investments, zero PE investments, no pre-mining or reserves for the team, and is wholly operated by the community through its open-source smart contracts. We hope to use SUN to promote the vigorous development and possibilities of TRON’s DeFi self-governance community.
Official Website: sun.io
Twitter: https://twitter.com/defi_sunio
## Token Name: JUST
>Token Symbol: JST
Contract Address: TCFLL5dx5ZJdKnWuesXxi1VPwjLVmWZZy9
Token Introduction: JST is a part of the USDJ currency system. Holding JST can participate in the community governance of JUST and pay the stabilization fee for CDP borrowing in the JUST system.
Official Website: just.network
Whitepaper: https://www.just.network/docs/white_paper_en.pdf
Twitter：https://twitter.com/DeFi_JUST
## Token Name: WINk
>Token Symbol：WINk
Contract Address：TLa2f6VPqDgRE67v1736s7bJ8Ray5wYjU7
Token Introduction：Drawing comparisons to the meteoric rise of the modern web, blockchain technology has shown signs of tremendous growth potential and transformative power. Just as the internet needed Web 2.0 to engage users with more social, usable, and interoperable functionality, blockchain technology’s path to mass adoption hinges upon creating a seamless user experience. WINk is positioned to spark Web 3.0 on the TRON network with its revolutionary DApp experiences.
Official Website: https://www.wink.org/?lang=en#/
Whitepaper: https://cdn.wink.org/pdf/whitepaper_en.pdf
Twitter: https://twitter.com/WINkorg
## Token Name: DICE
>Token Symbol: DICE
Contract Address : TKttnV3FSY1iEoAwB4N52WK2DxdV94KpSd
Token Introduction: DICE is the platform token for the first Dapp game on the WINk platform. In the WINk mining ecosystem, users can earn DICE through mining, and rely on holding DICE to realize the redistribution of wealth and share the benefits of the platform.
Official Website: https://www.wink.org/?lang=en#/
Token Name: TRONbetLive
## Token Symbol: LIVE
>Contract Address: TVgAYofpQku5G4zenXnvxhbZxpzzrk8WVK
Token Introduction: By creating whole mining ecosystem, WINk will revolutionize the way that developers adopt the blockchain ecosystem while keeping wealth redistribution at its core. WIN will continue to be the centrepiece of the platform while developers will be able to utilize everything the WINk ecosystem has to offer. By taking behavioural mining to the next level, traditional apps will now have all the resources at their disposal to convert their apps to the TRON blockchain.
Official Website: https://tron.wink.org/
Twitter: https://twitter.com/WINkorg
## Token Name: USDT
>Token Symbol: USDT
Contract Address: TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t
Token Introduction: USDT is the official stablecoin issued by Tether on the TRON network.
Whitepaper: https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf
Twitter: https://twitter.com/Tether_to
## Token Name: USDJ
>Token Symbol：USDJ
Contract Address：TMwFHYXLJaRUPeW6421aqXL4ZEzPRFGkGT
Token Introduction：USDJ is a stablecoin of TRON. It’s generated through decentralized smart contracts on the TRON network. Anyone can pledge TRX as collateral to generate USDJ. USDJ enters into free circulation as any other cryptocurrency does once generated. It is pegged to the US dollar through Collateralized Debt Positions (CDPs), and also has autonomous feedback mechanisms.
Official Website: https://www.just.network
Whitepaper: https://www.just.network/docs/white_paper_en.pdf
Twitter: https://twitter.com/defi_justThere are 30 coins selected for this list.
There are 30 Tokens on this list, and some Tokens are removed daily and new ones added. The entire list is found here: https://link.medium.com/SpHJcY0849
This publication is published on Medium daily. I hope this list will one day be reported on Steemit. I think Medium is a well known blogging site, but I think having some of the Tron publications here on Steemit with the links posted on Twitter would bring more traffic to our site and boost our visibility. So I ask that the Just Foundation please consider posting here.
Thank you.
@shortsegments
