Editor's Note: This article comes fromBlock Ark Pro (ID: blockark_pro), Odaily is authorized to publish.
secondary title
Burst is faith
In August, the popularity of DeFi continued. Uniswap, as one of the heroes, will inevitably welcome his imitators to come and challenge, and regardless of Balancer/Curve, borrowing the idea of AMM and finding other breakthrough products that shine, let’s just say “Swap” in the name Yes, there are countless. There is Oneswap, which declares war directly on Ethereum, mooniswap, and Anyswap, Coinswap, etc., which open up new battlefields on other public chains. "Sun will arrive late", how can this DeFi feast be without our little genius Sun Ge?Traveling through the streamer, the sickle philosophy and survival guide of the bull market
image description
Price trend of JST in August
Faith is built on Blast, and JST has attracted the attention of the market after it was listed on Binance and Huobi two exchanges. Brother Sun started to introduce JUST's DeFi way: first copy Uniswap, then copy Compound, Lend, as long as Ethereum is popular, it will go to Tron to become popular again.
After determining the route of JUST, the first product, Justswap, has received a lot of attention from the market. Before this, everyone already knows that the congestion problem of Ethereum is imminent. The peak gas price is 300, and the Gas Price is 100-200 at every turn. It takes dozens of transaction fees for users to make a random transaction. Once they interact with more complex contracts, This fee can even exceed a thousand dollars. At this time, the transaction confirmation time is only a few seconds, and Tron, whose handling fee is almost 0, has become everyone's backup plan, and the launch of Justswap has become a rescue pill for the market. After all, where is the red dog not the red? Who cares if you are decentralized enough?
secondary title
debut failure
On August 18, 2020, Justswap deliberately chose a Chinese auspicious day to go online. For this reason, the official TRON system made great efforts. Not only Tron family barrels (TRX, BTT, WINK) have announced cooperation with JST to enter DeFi, but also have attracted several projects, hoping to make a debut when Justswap goes online.
Brother Sun spared no effort to promote his products, and broadcast live three times in a row, just to let people all over the world know about an exchange like JUSTswap. He even launched the "100-fold coin plan", hoping to create multiple 100-fold coins on Justswap, which is a bit like a "Tibetan mastiff processing factory".
Among the first batch of projects, there are AlphaLink (ANK) - the first oracle machine on TRON, Definition (DZI) - the first AMPL (AmpleForth) analog disk on TRON; Looprex (LOOP) - Decentralized liquidity mining fundraising agreement; JustSure.network (JSN) - a decentralized open financial insurance platform; Just Insure - a decentralized insurance solution.
When it was time to go online, the website died before it was ready, and the website was directly overwhelmed by users. The official had to announce a delay of one hour and urgently expand the server. At this time, voices of market doubts began to appear, and doubts about TRON’s technical team began to appear in various communities. After all, as far back as 2018 when DApps were popular, DApp development teams found that they could not implement functions and had to help TRON to change BUG thing. But this does not affect the frenzy of the market. At 11 o'clock, users rushed in without hesitation.
Justswap encountered many setbacks on the first day of its launch. For this reason, I wrote an article "It is said that no one made a penny on Justswap tonight". But it cannot be ignored that after 12 hours on the first day of Justswap, the transaction volume has reached 5 million US dollars, which seems to be one step closer to the dream of leeks. After all, the Du market needs the most attention.
secondary title
It's not a coincidence that something went wrong on the first day, it's the result of not enough testing. In order to make Justswap go online smoothly, JUST officially announced that it will conduct a public test before then. However, the public testing time was only 8.17. We called the API of the testnet and found that very few projects participated in the test that day. Among the projects released later, only two projects, DZI and TIDE, were tested on the testnet. Perhaps because it is also an Ampleforth-like product, the Rebase function still needs multiple tests before it can be released. But this also confirms the fact that the projects on Justswap are not fully prepared.
image description
Testnet API screenshot
After seeing the problems exposed on the first day, the two most popular projects, ANK and DZI, chose to delay their launch. ANK was postponed to the next day because the counterfeit currency problem was difficult to solve, while DZI was because the token still needs to be debugged. However, after debugging, the problem is still not solved. Perhaps it was because the scientists were too crazy, or maybe it was because of Justswap’s own bugs. DZI, which was about to go online at 9:00 p.m. At 9:40, the team issued an announcement saying that because the liquidity pool was injected into TRX in advance, which disrupted the ratio, it could not be launched on time, and the launch time will be notified separately. At the same time, it issued a warning to everyone not to trade.
Last night, DZI finally re-announced the new launch time, which is 21:00 on the 22nd Beijing time, which is 9:00 tonight. As the only project that Sun Yuchen officially retweeted three times, DZI's debut show tonight can be said to have attracted a lot of attention.
secondary title
The first three days of Justswap were full of twists and turns. Not only did the Du field fail to open smoothly due to frequent technical problems, but the "Grandson's Family Bucket" also began to decline collectively after facing this incident. However, this is not entirely the fault of Tron. It may be that the market has not reacted. August 2020 is completely different from the previous two years. This is already a bull market that can rival 2017. After all, Coinlist, which has never been down since 2018, is also doomed because of NEAR. In addition, Skale, which was overwhelmed by robots for the first time subscription, added servers urgently, and was overwhelmed again, finally had to switch to the sunny form and "surrender" to scientists. Even if Proxi switches to a decentralized oracle like Mesa for auctions, without Gas War and the golden fingers of scientists, the server will be overwhelmed due to too many people.
image description
TRX Token Price
In this hot market, investors with a sense of crisis are already planning to exit the market, while new investors are eager to try, hitting the gate of this market time and time again. We can see that this market is still exuding its charm, attracting people to stop, stud, get rich or return to zero.
