JSB Foundation (JSB) is a DeFi protocol that borrows some of its features from Tron
JSB Foundation’s price spike is according to data on Coinmarketcap.
According to the coin’s website: “The Foundation’s core mission is to standardise, protect and promote the JSB Protocol technology.
Although it is unclear what this means, the website goes on to explain that this involves using DeFi technology to “promote viable use cases and partnerships”.
Although it is unclear what the project’s primary use case other than protecting and promoting itself, traders have nonetheless been trading it in high volumes over the past 24 hours and trying to find profitable trades.
Where to buy JSB Foundation after 255% price spike
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Why trade JSB Foundation
The high trading volumes for JSB in the last 24 hours may provide some lucrative trading opportunities for savvy traders.
A $100 purchase before the price spike would now be worth over $300 to put this in perspective.
The platform also claims to boast a number of other features including a JSB wallet and a swapping platform, as well as a “burn” schedule where the developers will destroy a number of tokens to make sure its price doesn’t drop too drastically as the increased circulating supply potentially impacts price negatively.