JOE

JOE

JOE (JOE) is the native token of Trader Joe, a decentralized exchange (DEX) on the Avalanche (AVAX) blockchain that offers DeFi services, including swapping, staking and yield farming. The exchange has been growing rapidly, attracting over $4 billion in total value locked (TVL) since it was launched in June 2021. Trader Joe claims to take a community-first approach, and to prioritize innovation, speed and safety. It aims to provide a one-stop-shop DeFi experience and to integrate new products without compromising on security. To achieve this, Trader Joe has outlined an ambitious roadmap that focuses on token-holder growth. It plans to have improved staking, non-fungible-token (NFT) exchange listings, the collateralization of the JOE token, and leveraged trading –– all during 2021.

Trader Joe was founded by Cryptofish and 0xMurloc, two pseudonymous developers. Cryptofish is self-described as a full-stack and smart contract engineer, who was an early contributor to several Avalanche projects, such as Snowball and Sherpa Cash. S/he worked at Google and holds a Master's in Computer Science from a U.S. university. 0xMurloc is a full-stack developer with experience starting several startups. S/he was also a Senior Product Lead at Grab. The team is complemented by over a dozen other pseudonymous users working on software, marketing and community.

Trader Joe provides all the functionality of a modern DEX and offers a convenient user interface, combined with speedy and cheap transactions. Users can provide liquidity by participating in one of its yield farms and earn JOE (JOE) as a reward token, which can later be staked and used to vote in governance proposals. Its lending protocol Banker Joe, based on the Compound (COMP) protocol, allows users to borrow and lend funds in a non-custodial manner. Moreover, users can also open leveraged positions on their provided or borrowed funds.

To increase the utility and adoption of the JOE token, Trader Joe is working on introducing several new options, which are aimed at transforming the project into the main DeFi platform within the Avalanche ecosystem. First of all, users will be able to use JOE as collateral to borrow against. Moreover, Trader Joe also plans to facilitate limit orders, options and futures trading on its platform. Thanks to the speed of its innovation and strong comic book-like branding, Trader Joe has attracted strong backers from within the DeFi community, including from AAVE (AAVE) founder Stani Kulechov and Darren Lau.

Check out Avalanche (AVAX) — the blockchain Trader Joe is built upon.

Check out Solana (SOL) — another high-speed layer one blockchain.

Read our deep dive into Avalanche (AVAX).

Get the latest crypto news and latest trading insights via the CoinMarketCap blog.

The total supply of JOE (JOE) is 500 million. The token was launched without a pre-sale, private sale, or pre-listing allocations. The distribution of JOE is as follows:

50% – liquidity providers

20% – treasury

20% – team (three-month cliff)

10% – future investors (three-month cliff)

JOE is being emitted over a 30-month period and JOE stakers earn 0.05% of all trades. JOE also pays a share of fees from lending interest and liquidations into the staking pool. The emission rates of JOE steadily decrease over time and will come to an end at the beginning of January 2024.

Trader Joe is built upon Avalanche (AVAX), a blockchain with its own proprietary consensus mechanism, in which all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol.

The treasury is currently entrusted to its developers Cryptofish and 0xMurloc, although the Trader Joe community plans to establish a multi-signature governance mechanism in future. For now, token holders can vote on the development of the protocol via Snapshot.

Joe (Joe) - Joe Joe, a local trader for Avalanche (Avax) blockchain decentralized exchange (Dex), which provides DEFI services including exchange, staking, and profitable farming. The exchange is growing rapidly, attracting over $4 billion in total value locked (TVL) since its launch in June 2021. Trader Joe's claims to be socially oriented and prioritize innovation, speed, and security. It is committed to providing a one-stop DEMI experience and new product integration without sacrificing security. To achieve this, Trader Joe has planned an ambitious roadmap that aims to grow token holders. During 2021, the company plans to improve its message, free listing of free exchanges (NFTs), and enable trading on Georgeson and leverage.

Trader Joe was founded by Cryptofish and two pseudonymous companies. Cryptofish bills itself as a full stack and smart contract engineer and was an early contributor to Avalanche projects such as Snowball and Shepa Cash. He/she works for Google and holds a Master's degree in Computer Science from American University. 0xMurloc is a full stack developer with experience running multiple startups. He/she is also a Senior Product Manager at Grab. The team has a dozen other aliases working on software, marketing, and community.

Trader Joe provides all the features of a modern DEX with a user-friendly interface and fast and cheap trading. Users can provide liquidity by participating in one of the profitable farms and receive JOE tokens (JOE) as rewards, which are then delivered and used to vote on governance proposals. Its Banker Joe lending protocol, based on the Composite Protocol (COMP), allows users to borrow and lend without collateral. In addition, users can also open positions with leverage on the funds they lend or borrow. To increase the utility and acceptability of the JOE token, Trader Joe is working on implementing several new options aimed at turning the project into a major DeFi platform in the Avalanche ecosystem. First, users can use JOE as collateral for a loan. Trader Joe's also plans to make it easier to trade limit orders, options and futures on its platform. With its speed of innovation and strong comic book brand, Trader Joe's has attracted strong supporters in the Delphi community, including founders Stani Kulekhov and Darren Lau.

JOE (JO) has a total supply of 500 million. The tokens are being launched without a pre-sale, private sale, or pre-listing. The distribution of JOE is as follows 50% Liquidity Provider, 20% Treasury, 20% Team (3 month break) and 10% Potential Investors (3 months down). JOE is issued for 30 months and JOE members earn 0.05% on all transactions. JOE also pays a portion of the loan interest and liquidation fees in the staking pool. JOE emissions have steadily declined over time and will end in early January 2024.

Trader Joe is built on Avalanche (AVAX), a blockchain with its own consensus mechanism where all nodes process and validate transactions using the Directed Acyclic Graph (DAG) protocol. The treasury is now left to Cryptofish and effects, although the Trader Joe community plans to develop a multi-signature governance mechanism in the future. Currently, token holders can develop a protocol using instant voting.

Joe (Joe) - Joe Joe, a local trader for Avalanche (Avax) blockchain decentralized exchange (Dex), which provides DEFI services including exchange, staking, and profitable farming. The exchange is growing rapidly, attracting over $4 billion in total value locked (TVL) since its launch in June 2021. Trader Joe's claims to be socially oriented and prioritize innovation, speed, and security. It is committed to providing a one-stop DEMI experience and new product integration without sacrificing security. To achieve this, Trader Joe has planned an ambitious roadmap that aims to grow token holders. During 2021, the company plans to improve its message, free listing of free exchanges (NFTs), and enable trading on Georgeson and leverage.

Trader Joe was founded by Cryptofish and two pseudonymous companies. Cryptofish bills itself as a full stack and smart contract engineer and was an early contributor to Avalanche projects such as Snowball and Shepa Cash. He/she works for Google and holds a Master's degree in Computer Science from American University. 0xMurloc is a full stack developer with experience running multiple startups. He/she is also a Senior Product Manager at Grab. The team has a dozen other aliases working on software, marketing, and community.

Trader Joe provides all the features of a modern DEX with a user-friendly interface and fast and cheap trading. Users can provide liquidity by participating in one of the profitable farms and receive JOE tokens (JOE) as rewards, which are then delivered and used to vote on governance proposals. Its Banker Joe lending protocol, based on the Composite Protocol (COMP), allows users to borrow and lend without collateral. In addition, users can also open positions with leverage on the funds they lend or borrow. To increase the utility and acceptability of the JOE token, Trader Joe is working on implementing several new options aimed at turning the project into a major DeFi platform in the Avalanche ecosystem. First, users can use JOE as collateral for a loan. Trader Joe's also plans to make it easier to trade limit orders, options and futures on its platform. With its speed of innovation and strong comic book brand, Trader Joe's has attracted strong supporters in the Delphi community, including founders Stani Kulekhov and Darren Lau.

JOE (JO) has a total supply of 500 million. The tokens are being launched without a pre-sale, private sale, or pre-listing. The distribution of JOE is as follows 50% Liquidity Provider, 20% Treasury, 20% Team (3 month break) and 10% Potential Investors (3 months down). JOE is issued for 30 months and JOE members earn 0.05% on all transactions. JOE also pays a portion of the loan interest and liquidation fees in the staking pool. JOE emissions have steadily declined over time and will end in early January 2024.

Trader Joe is built on Avalanche (AVAX), a blockchain with its own consensus mechanism where all nodes process and validate transactions using the Directed Acyclic Graph (DAG) protocol. The treasury is now left to Cryptofish and effects, although the Trader Joe community plans to develop a multi-signature governance mechanism in the future. Currently, token holders can develop a protocol using instant voting.