JOE Coin Price? Detailed information about the future of the Trader Joe project, the rising star of Avalanche Review and Chart 2022
JOE Coin Price Prediction 2024
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JOE Coin , the token of the Trader Joe project on the recently shining blockchain Avalanche, has stood out as one of the newest tokens that cryptocurrency investors are curious about. You can find all information about the establishment of the project, its purpose and the elements that make it important from this content.
Founder and year of establishment: CryptoFish and 0XMurloc / 2021
Blockchain: Avalanche
Total supply: 500 million
Circulating supply: 160 million
Market cap: $175 million (January 28, 2022)
Lowest price: $0.6625
Highest price: $5
Purpose of the project: Bringing a breath of fresh air to decentralized finance.
Usage areas: DeFi
the Trader Joe project?
Trader Joe’s was founded by two anonymous developers aliases Cryptofish and 0xMurloc. He is best known as a full-fledged smart contract engineer who previously worked at Google and contributed early to several Avalanche projects such as Cryptofish, Snowball and Sherpa Cash.
He was also Senior Product Leader at Grab. The Trader Joe team is comprised of more than a dozen other pseudonymous users working on the software, marketing, and community. Trader Joe’s AMM-based decentralized exchange (DEX) built on Avalanche (AVAX), a blockchain with consensus mechanism. AMM projects on Avalanche (AVAX) are almost new; most of the projects were created after Pangolin and Zero Exchange that emerged after Uniswap or other famous DEX projects on Ethereum and Binance Smart Chain such as Pancakeswap, Olive and Lydia Finance.
Although it has only just started operating, Trader Joe’s (JOE) surpassed Pangolin (PNG), the AMM DEX with the largest TVL in the Avalanche ecosystem, reaching $500 million in Total locked Asset (TVL) in August 2021. Currently, Trader Joe stands out as the DEX with the highest TVL after AAVE, Benqi as of January 28, according to DefiLama data.
JOE Coin Analysis
Using charts to analyze JOE Coin Value is among the most common methods. You can have an idea about JOE Coin by following the graphs. Our JOE Coin Price Chart work has been prepared to answer the most frequently asked crypto questions.JOE Coin Value
JOE Coin news and analysis does not contain investment advice. The drawings on the JOE Coin chart are taken from the best known techniques. Making JOE Coin value is partly related to where you buy and sell.Joe Coin future?
Trader Joe provides all the functionality of a modern DEX and offers a convenient user interface along with fast and inexpensive transactions.
The lending protocol Banker Joe, based on the Compound (COMP) protocol, allows users to borrow and lend unattended. In addition, users can open leveraged positions on funds provided or borrowed. Trader Joe’s claims to take a community-first approach and prioritize innovation, speed, and security. It aims to provide a one-stop DeFi experience and integrate new products without sacrificing security.
To increase the utility and adoption of the JOE token, Trader Joe is trying to present the project with several new options aimed at turning it into the main DeFi platform in the Avalanche ecosystem. First of all, users will be able to use JOE as collateral to borrow money. Additionally, Trader Joe plans to facilitate limit orders, options, and futures on its platform.
a Joe Token?
JOE (JOE), which offers DeFi services including swap, staking, and farm activity. Avalanche (AVAX) is the native token of Trader Joe’s, a decentralized exchange (DEX) on the blockchain. Thanks to the rapidly growing stock market, the total value (TVL) locked in has risen to over $4 billion since the project was launched in June 2021.
During 2021, plans to offer improved staking, NFT, exchange listings, JOE token collateral and leveraged trading.
Where and how to buy Joe Coin ?
Total Joe Coin supply is 500 million units . 160 million of them are in circulation. The market value of the project is $175 million as of January 28, 2022. The token was released without a pre-sale, private sale and listing allocation program. The total distribution of JOE Coin is as follows…
50% liquidity providers 20% treasury 20% to the team 10% future investors
Joe Coin , mainly Binance, Gate.io, In addition to centralized exchanges such as FTX, MEXC, it is also traded on DEXs such as Pangolin, Trader Joe and Lydia Finance