Bittime - Trader Joe's JOE token has become a hot talk in the world of decentralized finance. As a decentralized exchange (DEX) operating on the Avalanche (AVAX) blockchain, Trader Joe offers a wide range of DeFi services that include exchanges, staking, and yield farming.
What is Trader Joe (JOE)?
The JOE token is a crypto asset that is part of Trader Joe, a decentralized exchange (DEX) on the Avalanche (AVAX) blockchain. Trader Joe offers a wide range of DeFi services such as exchanges, staking, and yield farming. The JOE token is used as an incentive for liquidity and participation in the Trader Joe ecosystem, as well as having functions in governance and decision-making on the platform.
Since its launch in June 2021, Trader Joe has grown rapidly with significant total value locked (TVL) and plans to expand its functionality, including enhanced staking and leveraged trading.
What is JOE token?
The Joe Token (JOE) is Trader Joe's DEX utility token. This token is developed on the Avalanche network. Users or token owners will get a number of benefits in staking, and yield farming.
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History of Trader Joe
Since its launch in June 2021, the platform has grown rapidly with a total locked value (TVL) reaching over $4 billion. With a focus on community, innovation, speed, and security, Trader Joe's ambition is to deliver a holistic and integrated DeFi experience with new products without compromising security.
Trader Joe's ambitious plans for 2021 include increased staking, NFT marketplace launch, collateralization of JOE tokens, and leveraged trading.
Founder Trader Joe
Trader Joe was founded by two anonymous personalities, Cryptofish and 0xMurloc. Cryptofish, a full-stack engineer and smart contract expert, has made significant contributions to Avalanche projects such as Snowball and Sherpa Cash. His work experience at Google and a Master's degree in Computer Science from a university in the US add to his credibility. Meanwhile, 0xMurloc, a full-stack developer who has started several startups, once served as Senior Product Lead at Grab. They are backed by an anonymous team of talented software, marketing, and community.
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The uniqueness of JOE Token
Trader Joe stands out by providing modern DEX functionality and an intuitive user interface, supported by fast transactions and low fees. Users can participate in yield farms to earn JOE tokens, which can then be staked and used in governance decision making. Banker Joe, its lending protocol, allows users to borrow and lend funds on a non-custodial basis, similar to the Compound protocol (COMP). Trader Joe also allows users to take leveraged positions on funds provided or borrowed.
In an effort to increase the utility and adoption of the JOE token, Trader Joe is developing new features that will position the platform as a DeFi leader in the Avalanche ecosystem. Such features include the use of the JOE as collateral, as well as the introduction of limit orders, options trading, and futures. Rapid innovation and strong branding, such as the use of comics, have captivated the DeFi community and gained support from figures such as Stani Kulechov and Darren Lau.
JOE Token Distribution
The total supply of JOE tokens is 500 million, launched without a pre-sale or private sale. The distribution of tokens is as follows:
- 50% for liquidity providers
- 20% for cash
- 20% for teams (with a three-month cliff period)
- 10% for future investors (with a three-month cliff period)
JOE tokens are issued for 30 months, with token holders earning 0.05% of each trade. The token also provides a portion of the lending and liquidation interest charges to the staking pool. JOE's emission levels will decrease over time and expire in early January 2024.
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
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Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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