JUST (JST)
Unlock Schedule
JUST (JST) Token Unlock & Vesting Schedule
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
JST was issued on TRON with an initial maximum supply of 9.9 billion tokens. Its main role is governance. In JustLend DAO, holders lock JST to gain voting power over JustLend Improvement Proposals, known as JIPs. Proposals can address supported assets, interest-rate models, collateral settings, price feeds, incentives, and the use of protocol funds. The project’s documentation describes one vote for each JST deposited into the voting system. (docs.justlend.org)
The token also has a role in the ecosystem’s approach to fees and revenue. USDJ’s documented CDP design uses JST to pay stability fees and burns the JST received that way. Separately, a JustLend DAO proposal approved in October 2025 established a program that uses eligible protocol revenue to buy JST and send it to a burn address. Burning removes those tokens from circulation. The program also provides for eligible revenue from the wider ecosystem, including USDD revenue above a set threshold, to support buybacks. (just.network)
These uses connect JST to decisions and activities across JUST. Governance rights allow holders to help shape the rules, while the burn programs affect the number of tokens remaining in circulation.
Assumptions
JST has a 9.9 billion token supply minted at launch in April 2020, divided into ecosystem (30%), strategic partners (26%), team (19%), seed round (11%), TRX-holder airdrop (10%) and a public sale (4%). Only the airdrop has a published calendar: 990 million tokens from May 2020 through October 2022, and the public sale is modeled as released around May 2020. The release dates for the seed, partner, team and ecosystem budgets were not found; the team share is only reported as fully vested by April 2022. Since October 2025 JustLend DAO has burned about 1.71 billion JST through quarterly buybacks, leaving a total supply of about 8.19 billion; the chart shows the launch mint, the airdrop installments and the estimated public sale.
- Seed Round (private): The sources give the amount but no release dates.
- Strategic Partners: The sources give the amount but no release dates.
- Team: Only secondary sources describe the timing, so it is not confirmed.
- Ecosystem: The sources give the amount but no release dates.
- 1. https://docs.justlend.org/governance/tokenomics/
- 2. https://trondao.medium.com/just-jst-airdrops-for-tron-trx-holders-53f093646f1f
- 3. https://coinmarketcap.com/currencies/just/
- 4. https://icodrops.com/just/
- 5. https://app.tokenomics.com/tokenomics/just
- 6. https://www.kucoin.com/news/flash/justlend-dao-completes-fourth-jst-buyback-and-burn-total-destroyed-exceeds-355-million
- 7. https://www.kucoin.com/price/JST
- 8. https://cryptoslate.com/on-schedule-and-above-target-jsts-third-buyback-and-burn-breaches-21-million/
- 9. https://cryptoslate.com/jst-hits-record-deflationary-milestone-over-355m-tokens-burned-as-justlend-dao-revenue-fuels-value-appreciation/
- 10. https://phemex.com/news/article/justlend-dao-completes-second-jst-buyback-and-burn-destroying-525-million-tokens-53720
- 11. https://phemex.com/news/article/justlend-dao-executes-first-jst-buyback-and-burn-28930
- 12. https://forum.justlend.org/t/proposal-on-jst-buyback-burn-program/774
Allocations
Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.
Not yet scheduled: 1,711,256,963.658 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.