JustMoney - Building an ecosystem for the next generation of decentralized applications to power Web3

Bravo for submitting JustMoney, one of our favorite projects in TRON!

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Thank you for these questions!

1.a. We will detail the incoming milestones schedule before March 7 as required.
b. We will issue some tokens on bsc and polygon as a start. The exact same amount will be burned on Tron. Then, when someone wants to send his $JM let’s say from BSC to Tron, those tokens will be burned on BSC and minted on Tron. That way we will keep the same total supply spread over several chains.

  1. 100% of JustMoney’s products revenue is used to buyback and burn $JM. So every time someone swaps tokens, send a gift card or purchases merch, he contributes to the raise of $JM price. Besides, $JM’s usecase will evolve as it will become the instrument that will allow users assets to cross the bridge that links blockchains.

  2. This is indeed the plan but we can’t unfortunately give you more information about that at this stage as it will require consulting legal advisers before we start building it.

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Great job guys, respect :v:

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Another unmentioned feature is JM simple swap. Users may send TRX to the simple swap bot address using their free daily bandwidth allowance and needing no energy, and the bot will change the TRX to JM in real time on the main DEX pool and return it to the originating address. They deduct a fee of about 2 trx for using the service, compared to Tron network fees which might be 70 TRX.

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When cross chain will be available?

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Lot of things to mention :slightly_smiling_face:

In order to see what we have accomplished since July 2021 and to stay up-to-date I invite everybody to follow JustMoney’s twitter account as well.
Anyway, we will start keeping people informed about the evolution of the project on this forum as well :+1:t2:

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We don’t have any ETA for cross-chain swaps yet, we are currently working on the bridge that will make it possible to send JM between all chains where it is deployed. When the bridge is ready we will start to work on the cross-chain swap.

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Hi CriptoNinja,
We will provide a clear detailed schedule before March 7 :+1:t2:

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:mega: NEW LISTING:

SafeSwap token just got listed on JustMoney Exchange.
$SWAP is now tradable on our BSC tab and holders are invited to provide liquidity.

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Good to have you here @JustMoney and @fabsltsa
We noticed in one of your replies that you guys will provide a clear detailed schedule before March 7, just a friendly reminder that the dates/times are in GMT+8 SG time, hence, make sure to have everything ready by then.

We have a few questions for you:

  1. In your schedule, make sure to include what you guys were planning to achieve within the 2 months of the hackathon event time which spans from Mar 13, 2022 - May 13, 2022.

  2. For JustMoney Launchpad, what are the requirements and costs for a project to list their token?

  3. To users that haven’t tried out JustMoney token swap, please explain in layman’s terms what advantages would one have over Sunswap.

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Hi @Tronlive!
First of all thank you for this warm welcome and for those questions. We will make sure that everything is ready on time.

Our Launchpad is totally free of charge. Same goes for the coin eyes generator, widget and telegram bot. We have developed those tools to help listed tokens teams to focus on building their own project. Those tools also bring us visibility which means that we are in a win-win situation.

Our Launchpad isn’t a traditional IDO platform. It is a regular LP with a timer. When the timer goes to 0, users can start purchasing the token (fair launch).

About the requirements, tokens that want to be listed on our Launchpad have to be new. We won’t accept a token that has been around for a while, has already been purchased by users on an other exchange or had a big presale. Our Launchpad goal is to give the possibility for our users to become early investors and to purchase at a fair price. We won’t take the risk that other people start dumping on them as soon as they start buying.

First of all, a big advantage using JustMoney Exchange over Sunswap not only for users but also for projects is that our team is available around the clock on Telegram, we listen their suggestions to improve our products and we fix problems in no time.

Secondly, we have implemented a system that makes transactions impossible on our swap if the user’s wallet doesn’t contain enough energy/bandwidth or spare trx. This means that our users won’t lose their trx in a failed transaction because they don’t have enough ressources to cover the swap costs.
Besides this, we will implement a system that will allow our holders to have cheaper/free transactions by freezing some trx for them.

Another advantage is that our swap totally supports taxed tokens. If the taxed tokens teams agree to whitelist our swap, users will be able to provide/withdraw liquidity tax-free. Also, when they want to purchase those taxed tokens, our swap will calculate and show to them the exact amount of tokens they will get.

I will add the fact that some very nice projects built on Tron are currently only on our swap.

Listed projects are so far automatically whitelisted as we have taken the time to review them. As a result, people don’t need to copy paste a smart contract address in a search bar to find their favourite token. They will find it directly in the drop down (we will implement a search option later as the number of listed tokens is growing).

JustMoney is multichain which means that it is a one-stop platform for people who have diversified assets. The bridge and crosschain swap will make it even more attractive. We think that the future of blockchain is in interoperability.

I will also add the fact that our dev team are incredibly innovative and have a long career in software development. They like to improve the platform constantly. I advice you to follow our Twitter account and have a look at what has been accomplished the last 7 months. Our design artist Alexey is also very skilled and perfectionist.

We think that the products are never fully ready, that’s why we will be constantly improving them to keep up with new standards/trends/technology. Everybody is welcome and encouraged to bring their suggestions and ideas on our Telegram group @justmoneytrx !

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Cheers! Happy to be here!

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Thank you very much!

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Thanks for the support!

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:mega: POOL CREATION :

A new pool has been created today. This USDT/BUSD pair will increase the routing possibilities on BSC side. We will add more liquidity over time and users are encouraged to do so as well.

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Hi @TronLive,

To supplement @fabsltsa’s and answer #3 in layman’s terms with some advantages that JustMoney.exchange has over SUNSwap:

  1. Already has full support for taxed tokens.
  2. Implemented buy back and burn system.

To elaborate:

  1. JustMoney identified the problem where taxed tokens sold in the former JustSwap (SUNSwap V1) would remove the tax from the liquidity pool instead of the user. That means the sells are actually tax-free for the user, the liquidity was getting smaller, and liquidity providers were paying for that sell. JustMoney.exchange has properly addressed this where the user is taxed, not the liquidity providers. Also, we are still the only swap (that we know of) where adding and removing liquidity are tax-free, which encourages people to strengthen a pool by providing liquidity without a loss.

A full article and explanation can be found here: https://justmoneyio.medium.com/justmoney-time-to-take-the-next-step-ddf68a911606

  1. SUNswap debuted Oct. 20, 2021. Their buy back and burn program was announced Nov. 4, 2021 with the announcement of V1.5. It was to be implemented or carried over into V2 in Dec. 15, 2021. So technically users been waiting for 4 months to receive rewards on providing LPs. Until now, even after another announcement in an interview with Justin Sun, there is no set date when it will be implemented.
    JustMoney.exchange debuted Aug 17, 2021. Less than one month later on Sept. 9 2021, JustMoney had their first buy back and burn. Since then, the program continues biweekly to increase $JM token’s price and continue to strengthen the $JM/TRX pool.

A full page and history can be found here: https://tron.justmoney.exchange/burn

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Thanks, looking forward to great things!

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Didn’t know that other AMM’s actually charge fees
 Another great reason to use JM :slight_smile:

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Hi @SiLi,

Not quite. To clarify, if a token has taxation in their smart contract, adding or removing liquidity is the equivalent of a regular transaction. So AMM/DEXs are not really charging fees, it’s just part of the taxed token’s smart contract code.

JustMoney.exchange is unique in that adding and removing liquidity is tax-free, allowing a win-win. Users can provide liquidity without a loss and enjoy earning swap at the same time, while helping to strengthen the pool’s liquidity on JustMoney.exchange. A project has to whitelist with JustMoney.exchange in order to enable this feature for their users.

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:mega: Roadmap updated in the presentation post

@TronLive

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