What Is JOE (JOE)?
About JOE
JOE (JOE) is its token Trader Joe, a dispersed exchange (DEX) on the Avalanche (AVAX) blockchain that gives DeFi service, including swapping, staking, and breeding harvesting.
Together with the launch stage in June 2021, the market is rapidly increasing, pulling in the most $4 billion in single blockchain price (TVL).
Trader Joe’s states that in its work it is guided by a socially oriented layout, and defines novelty, pace, and security as its main focus.
She tries to guarantee a common DeFi shopping center and to unite previously unknown foodstuffs in the absence of harm with the aim of security.
To accomplish this mission, Trader Joe’s has planned a fundamental roadmap, in which the main interest is given to increasing the number of token holders.
The firm’s projects include improved steaking, exchange listings with non-flammable tokens (NFT), JOE token provision, and leveraged trading activities – all of which are expected to be completed in 2021.
Who are the founders of JOE?
Trader Joe’s was founded by Cryptofish and 0xMurloc, 2 pseudonymous developers.
Cryptofish presents himself as equally a full-stack and smart-contract engineer who was an early co-conspirator of some of Avalanche’s plans, similar to Snowball and Sherpa Cash.
He worked at Google and has a master’s level in computer lessons from 1 of the North American institutes. 0xMurloc is a full-stack creator along with the skill to launch some startups.
Somebody in addition was a senior manager of the merchandise division at Grab. The instruction is extended by more than a dozen other pseudonymous users working on software, marketing, and community.
What makes JOE unique?
Trader Joe possesses absolutely all the multifunctional abilities of the current DEX and provides a practical public socket in combination with high-speed and low-cost transactions.
Users have all chances to provide high liquidity, participating in one with profitability farms, and to receive (income JOE (JOE) as a token of fees, which further can be installed in the card and applied for voting in services according to management.
The Banker Joe lending act, based on the Compound (COMP) protocol, allows users to capture and borrow resources in a cashless mode. In addition, users have a chance to disclose their views together with the plastic leverage into the data or lent resources.
To increase the usefulness and popularity of the JOE token, Trader Joe’s is working on introducing some new settings, which are designed to turn the plan into the main DeFi platform in the Avalanche ecosystem.
First of all, in general, users can use JOE as a deposit to extract loans. In addition, Trader Joe’s is also going to make it easier to sell limit orders, options, and futures on its platform.
Due to the speed of innovation and the great branding, which brings back memories of vacations, Trader Joe has attracted powerful supporters from the DeFi community, including the founders of AAVE Stany Kulechov and Darren Lau.
How is the JOE network secured?
Trader Joe’s is created at the base of Avalanche (AVAX), a blockchain together with its consensus device, in which all sections without exception cultivate and prove transactions by applying the act of concentrated non-periodic partition (DAG).
Today the treasury period is entrusted to its creators Cryptofish and 0xMurloc, even though in the future Trader Joe Society is going to form a management system together with some signatures.
Until then, token holders have every chance to cast their vote because of the formation of the protocol using Snapshot.
Tokenomics
Earn commissions as a token owner. The trading commission for all swaps is 0.3%.
Similar to SUSHI, users will be able to convert JOE to xJOE to earn 0.05% of all swaps, of which the remaining 0.25% will go to liquidity providers.
In the future, when we launch lending, xJOE holders will also receive a percentage of interest earned and liquidations closed.
Cliffs and Vesting
Team allocations will have a 3-month cliff, after which vesting will follow the normal token issuance schedule.
The allocation to a potential strategic investor will be blocked until an investor is found. When this happens, a 3-month cliff will be imposed and vesting will occur according to the token issuance schedule.
Treasury
Treasury is community-owned funds to be used for:
- Marketing expenses
- Paying contractors/freelancers (usually designers)
- Running contests to engage the community
Any expenditure from the treasury that exceeds $50k must be voted on by the community. Smaller expenses are decided by the core team.
We believe the use of DAO treasury funds is an ongoing area of innovation for DeFi.
In the future, we plan to explore the use of treasury as an investment vehicle for early-stage Avalanche projects that will benefit our token holders.
FAQ
What is the current price of JOE?
We update our JOE to EUR exchange rate in real-time. Get the live price of JOE on Coinbase.
What is the market capitalization of JOE?
JOE’s current market capitalization is €172.21M. A high market capitalization means that the asset is highly valued by the market.
What is the historical high of JOE?
JOE has a historical high of €4.18. This historical high is the highest price paid for JOE since its launch.
What is the 24-hour trading volume of JOE?
In the last 24 hours, JOE’s trading volume was €7.02M.
What other assets are similar to JOE?
Assets with a similar market cap to JOE include Seedify fund, IOST, Braintrust, and many more. To see the full list, see our comparable assets by market cap.
How many JOEs are there?
The current number of JOEs outstanding is 369 million.
Can I buy JOE on Coinbase?
No, JOE is not currently available on Coinbase, but you can sign up to receive the latest news about JOE and be notified when it is added to our exchange.