jToken refers to the “receipt” users get for supplying underlying assets when mining on JustLend, such as the jTRX, jUSDT, jSUN and jBTC you receive after supplying the corresponding assets. jToken is a TRC20 token in your wallet.
JustLend mining pools are multi-reward pools jointly launched by SUN and JustLend. All assets supported by JustLend, a DeFi protocol, are packed and integrated through the smart contract - jToken. Users mint jToken, which generates interest for its holders, and provide assets to the protocol. You can earn corresponding rewards as long as you hold jToken (the effective reward is determined by real-time APY of the specific pool).Each jToken can be swapped back into the corresponding base asset when users redeem it.
jToken shares the same properties as other TRC20 tokens, such as being transferred to others or deposited into a smart contract.Your transfer of jToken to other users or institutions constitute a waiver of ownership over the assets you have supplied to JustLend.
For example:
User A supplies 100 TRX to TRX Lend Pool and receives 10,000 jTRX (jToken) as a receipt, after which A transfers 6,000 jTRX to User B. Now, A only has 4,000 jTRX left (equivalent to a 40 TRX supply in TRX Lend Pool), while B gets 6,000 jTRX (from A’s transfer, which is equivalent to a 60 TRX supply in TRX Lend Pool). Thus, A will only earn mining rewards on his/her 4000 jTRX.If B does not transfer jToken back to A, A will no longer own the 6000 jTRX (60 TRX).(The example exchange rate here is 1 TRX = 100 jTRX).