The current price of JOE is $0.38770. Since 00:00 UTC, JOE has increased by +0.75%. It currently has a circulating supply of 376,979,408 JOE and a maximum supply of 500,000,000 JOE, giving it a fully diluted market cap of $146.08M. At present, the JOE coin holds the 0 position in market cap rankings. The JOE/USD price is updated in real-time.
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Trader Joe (JOE) is a decentralized cryptocurrency exchange (DEX) that operates on the blockchain, offering users a seamless platform for buying and selling digital assets. As a DEX, Trader Joe provides a decentralized and secure trading environment without intermediaries or central authorities. This gives users complete control over their assets and promotes a more transparent and trustless trading experience.
What is Trader Joe?
Trader Joe is a decentralized exchange (DEX) operating on the Avalanche network, providing a wide range of decentralized finance (DeFi) services, including staking, yield farming, and trading. It aims to be a comprehensive one-stop shop for various DeFi offerings, such as lending/borrowing, liquidity pools, launchpads, and non-fungible tokens (NFTs). With its user-friendly interface, Trader Joe is an automated market maker (AMM), making it accessible and convenient for users to participate in DeFi activities.
The Trader Joe team
The Trader Joe team remains anonymous, with the platform being launched in 2021 by founders known by the pseudonyms Cryptofish and OxMurloc. Cryptofish is described as a smart contracts engineer and early contributor to several Avalanche network projects. OxMurloc claims to be an experienced full-stack developer with a background in start-up creation. In addition to the founders, Trader Joe benefits from a team of skilled developers, traders, and marketers.
How does Trader Joe work?
Trader Joe combines lending, DEX, and averaged trading. It is the first to implement limit orders which helps to eliminate price slippage, which is one of the most common problems of DEXs. The platform provides trading and swapping services as well as other DeFi-related options like yield farming, lending, and staking.
JOE: Trader Joe’s native token
JOE is the native token of Trader Joe's decentralized exchange (DEX). Unlike other DEXs, Trader Joe offers a plethora of use cases for its token, making it a fundamental element of the project. JOE plays a crucial role in the liquidity pools, allowing users to add or withdraw liquidity from the existing pools.
Additionally, it serves as a staking asset, facilitates lending/borrowing, and acts as a governance token. JOE holders enjoy voting rights, enabling them to actively participate in shaping the future of the DEX through making recommendations and decisions.
JOE tokenomics
JOE has a maximum supply of 500 million tokens, with a circulating supply of 341.48 million tokens. The tokenomics of JOE allow users to engage in lending and borrowing activities on Trader Joe's platform. Additionally, JOE holders will have access to the project's integrated launchpad.
JOE use cases
JOE serves as a governance token, granting holders voting rights on the network. It also enables staking, allowing users to earn rewards. JOE provides access to the Trader Joe Launchpad. Additionally, the token is utilized in the liquidity pool, enabling lending and borrowing services on the Trader Joe platform.
Distribution of JOE
JOE is distributed as follows:
Fifty percent is allocated to liquidity providers.
Twenty percent is allotted for the Trader Joe treasury.
Twenty percent is held by the development team.
Ten percent is reserved for future supporters.
What does the future hold for Trader Joe?
Trader Joe aims to become a comprehensive exchange platform, blending DeFi and DEX functionalities. The team is committed to enhancing the platform by integrating more tools, enabling sustainable yield trading, and advanced farming options for users. Additionally, Trader Joe plans to incorporate limit orders, options, and futures trading into its offering. With its speed, efficiency, and user-friendly interface, the platform has attracted strong backers within the space, including Stani Kulechov, the founder of AAVE (AVVE). The future looks promising for Trader Joe as it continues to evolve and expand its services in the DeFi space.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 174K new posts about JOE, driven by 39K contributors, and total online engagement reached 623M social interactions. The sentiment score for JOE currently stands at 40%. Compared to all cryptocurrencies, post volume for JOE currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of JOE.
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Posts
173,508
Contributors
38,828
Interactions
623,269,644
Sentiment
40%
Volume rank
#0
X
Posts
154,711
Interactions
458,758,051
Sentiment
37%
JOE FAQ
What is Trader Joe?
Trader Joe is a decentralized exchange (DEX) operating on the Avalanche blockchain, providing a wide range of DeFi-related services, including lending, farming, and liquidity provision. It seeks to be a comprehensive platform for all things DeFi, promoting accessibility and equal market entry through its user-friendly interface. Despite being relatively new, Trader Joe has achieved significant success, becoming the largest AMM DEX with the highest total value locked (TVL) within the Avalanche ecosystem.
What are the utility and benefits of holding JOE?
Holding JOE tokens offers various advantages to users. Token holders can stake JOE to earn stablecoins, providing a passive income opportunity. Additionally, holding JOE allows users to participate in liquidity provision for pools, granting voting privileges within the community and fostering a sense of belonging. Moreover, JOE provides access to the Trader Joe launchpad, unlocking exciting opportunities for users to engage with new projects and innovations.
What is the JOE price prediction?
While it’s challenging to predict the exact future price of JOE, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is JOE worth today?
Currently, one JOE is worth $0.38770. For answers and insight into JOE's price action, you're in the right place. Explore the latest JOE charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as JOE, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as JOE have been created as well.
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