JSB Foundation is a blockchain and cryptocurrency organisation based on platform with advantages from Tron’s protocol. The Foundation's core mission is to "standardise, protect and promote" the JSB Protocol technology and JSB Cross-chain DeFi.
JSB is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.
To have a good Defi platform, it’s important that the companies should research and develop diverse decentralized apps (Dapps). These decentralized apps from JSB Foundation will make it possible for participants to trade easily through Defi platform. And JSB Foundation did it really well.
JSB Foundation_Cross-chain DeFi are contributing to the exponential growth in decentralized finance. DeFi progress across financial industry sectors -- from payments, to banking, lending, investing, and insurance. There is also transformation within financial institutions as mutualize data through digitization and standards, share that data and workflow on blockchains, move small elements of business logic into tokens, and eventually transition all supporting software into programmable financial instruments.
JSB Cross-chain DeFi focused on the next generation of financial services. We are building the infrastructure, applications, and practices that enable a decentralized world.
JSB Cross-chain DeFi dedicated to transforming the world’s digital architecture into a more open, inclusive, and secure Internet of value, what many are calling Web 3.0. The first phases of the Web allowed users to digitize information and interact online. Web 3.0 is now enabling everyone from local communities to global enterprises to transact with efficiency, transparency, and most importantly, trust.
The widespread popularity of blockchain has created the possibility of cooperation among different blockchains,1 but due to the isolation of different blockchain systems, it is impossible to achieve effective digital asset transfers, cross‐chain communication, and other operations through chains. With the diversification of blockchain application scenarios, it has triggered the industry's exploration experiments on cross‐chain technology. Cross‐chain technology has become the core and key technology of the blockchain 3.0 era. It is the key to realizing the connectivity and value transfer between blockchains.
Figure1: The structure of asset circulation in cross‐blockchain transaction
Blockchain technology is widely applied in various fields, resulting in more diversified types of transaction objects (as shown in Figure 1), from the digital currency in (A) to all of the assets in (B), including tangible assets, intangible assets, and data. The application scenarios of blockchains may lead to more complex cross‐chain mechanism in the future, which involves not only asset migration between chains but also the sharing or exchange of assets (as shown in Figure 2).
Figure 2: The platform of cross‐blockchain transaction
The existing cross‐chain transaction mainly relies on the cross‐chain center to read information on the source chain and then write it into the destination chain and store the transaction record in the cross‐chain center (as shown in n Figure 2A). In the future, the cross‐chain trading mechanism will change from centralized mode to fully decentralize mode (as shown in Figure 2B). Each blockchain is an independently distributed ledger that may lead to inconsistent operations across the cross‐chain transactions.
Cross-chain transactions and multi-currency support:
Currently, the DeFi space is primarily focused on TRON, a blockchain on which most DeFi tools are built. However, this is only a starting point for decentralized finance, and progress must occur on blockchains other than Bitcoin, but also XRP, LTC.
Cross-chain technology is a must to take DeFi to the next level with regards to interoperability. Tools like Justswap and JSBswap have some advantages when it comes to this aspect. JSBswap uses JSB’s proprietary security technology to ensure interoperability and communication between the different blockchains. These features allow JSBswap to have more use cases and potential.
JSBswap is built on JSB’s proprietary security technology chain, a project whose main goal is to link the traditional finance to blockchain. Fusion has been working on decentralized finance before the buzzword DeFi appeared. The project has developed features such as a time-lock function and multi-triggering mechanism which allow complex financial operations to be carried out. Basically, Fusion created a flexible ecosystem for DeFi tools such as JSBswap, to implement efficient features and use cases.
Rewards and Fees: Users can access TRC20 through its cross-chain technology with much lower fees than exchanges built on Ethereum.
Reliability & Security:
Speed of Transactions: double high speed
JSBswap is a new ecosystem whose main objective is to facilitate financial transactions and offer lower fees for businesses. JSBswap specializes in financial services that can be done through smart contracts such as time-released payments, token locks, event release, cross-chain swaps, and other DEX solutions.
Similarly to Justswap, JSBswap will use a governance and utility token “SWAP”. It is an TRC20 token that gives its holders voting rights to govern platform decisions. Also, the platform will charge lower fees when paying services using SWAP tokens.
Initially, JSBswap will provide these services within the TRON blockchain, and then extend to other blockchains through wrapping coins into TRC20 tokens. The whitepaper was recently released, which focuses more on explaining the services the platform will provide and less on the technical aspects that allows the ecosystem to provide complex services as x2 high speed cross-chain wrapping and time-released payments.
USJ is a decentralized stablecoin that is not issued or administered by any centralized actor or trusted intermediary or counterparty. It is unbiased and borderless —available to anyone, anywhere.
The USJ stablecoin, on the other hand, because USJ stablecoin is designed to minimize price volatility. A decentralized, unbiased, collateral-backed cryptocurrency that is soft-pegged to the US Dollar, USJ’s value is in its stability.
USJ is easy to generate, access, and use. Users generate USJ by depositing JSB token assets into JSB Borrow within the JSB ecosystem. This is how USJ is entered into circulation and how users gain access to liquidity. Others obtain USJ by buying JSB token from brokers or exchanges.
Once generated, bought, or received, USJ can be used in the same manner as any other cryptocurrency: it can be sent to others, used as payments for goods and services, and even held as savings through a feature of the JSB ecosystem.
All USJ is backed by a surplus of collateral that has been individually escrowed into audited and publicly viewable Ethereum, Bitcoin, TRON smart contracts. Anyone with an internet connection can monitor the health of the system anytime.
Conclusion, decentralized stablecoins are backed by other cryptocurrencies, making them more secure, permission-less and transparent. Some stablecoin projects even use algorithms to fix a steady value. In general, a stablecoin is a crypto asset which isn’t susceptible to extreme volatility.
One special feature of JSB is the ecosystem we build. The ecosystem consists of financial products, investment products, real estate products, and consumer products.
We have developed a lot of decentralized apps to support the participants such as JSB Bank, JSB Trade, JSB swap, JSB Borrow, JSB liquidate,...
With the JSB swap and JSB borrow. With JSB Swap you can easily switch. We are very impressed with JSB swap. JSB swap uses JSB’s unique proprietary security technology, leading to becoming the 2nd swap platform after JustSwap of Tron. JSB swap also helps participants to easily convert JSB tokens to other currencies and increases liquidity.
Another supporting Dapp that JSB provides to a user is JSB borrow. Through JSB borrow users can own USJ - a stablecoin issued by JSB Foundation. These stablecoins are coins that are not volatile in price, similar to dollars in the traditional financial environment. These USJs are not only price stable but can also gradually increase in value while operating within the JSB ecosystem.
On one hand, this ecosystem helps increase the value of the USJs - the stablecoins they issue, on the other hand USJ also takes a role as an ecosystem supporting stablecoin and decentralized activities on defi. As more and more users realize USJ’s value, USJ will help to create a stronger ecosystem. In addition,USJ can be used to pay for real estate, insurance, health ... in the cross-chain ecosystem, by creating DeFi dapps that accept USJ instead of ETH, developers provide users a smooth engagement experience and a better overall experience.
The JSB Foundation with all ecosystem, is aimed at fostering a new foundational framework that can enable faster asset transfers and streamline the recovery process associated with blockchain transaction errors. The capabilities will ensure that different blockchains can all work together, which will help to massively increase the size of its ecosystem. It’s time to break a chain!
JSB Foundation is a blockchain and cryptocurrency organization based on platform with advantages from Tron’s protocol. The Foundation’s core mission is to “standardise, protect and promote” the JSB Protocol technology.