Regarding the USDJ redemption, firstly, users prior to the snapshot will receive a 100% 1:1 rigid payout! USDJ is an old project, and the official redemption has been ongoing for over a year, recovering more than 95% of USDJ at a price significantly higher than 1. In the end, there are only 200,000 USDJ left in the market, and this portion will also be permanently exchanged at a 1:1 ratio, so users need not worry! The final redemption will follow the SAI model, which requires binding a TRX ratio that is unrelated to the actual redemption value for users! Before the snapshot, the assets of any user are safe, and the official 100% guarantees a permanent exchange. Therefore, USDJ users need not worry about any asset safety or devaluation factors. In the future, USDJ will simply become a decentralized TRX exchange contract, which will fluctuate with the value of TRX, but this value is unrelated to the actual redemption value for users!

Let me elaborate a bit more on why USDJ needs to be redeemed. The reason is simple: the technology for centralized stablecoins has been continuously upgraded. USDJ is an old version of SAI and must upgrade alongside DAI. However, the version is decentralized, the code is too outdated, and the team intends to focus all their efforts on USDD, hence the redemption of USDJ has taken place, with the bottom line being that no user should lose money!

The final redemption ratio of USDJ is automatically generated based on the system shutdown time, which is set to close at 22:00 GMT+8 on November 17. Since the dollar is not a native token on the Tron network, it can only maintain a fixed value with the native token TRX. This fixed value will always be maintained at USDJ=1.55TRX. In the future, USDJ will only fluctuate with this fixed value; if TRX goes up, USDJ will go up, and if TRX goes down, USDJ will go down. This is the final stage of the system shutdown and does not represent the user’s redemption value! Before the system closes, any user will receive a 1:1 rigid payout!