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What is JOE (JOE)?

JOE basic info

Name:JOE
Ticker:
Introduction:

What is JOE (JOE)?

Trader Joe platform has introduced Joe (JOE), a native token that operates on the Avalanche (AVAX) network. This platform is an all-in-one decentralized trading solution that offers decentralized exchange (DEX) services, Defilending, and leveraged trading. These features come in handy in enhancing liquidity and attracting more rewards for users. Joe's primary objective is to provide a one-stop-shop DeFi experience for users and innovating and building at the forefront of DeFi with speed and utmost safety.

Who Are the Founders of JOE?

The creators behind Trader Joe remain anonymous, going by the usernames Cryptofish and 0xMurloc. Cryptofish is a skilled full-stack and smart contract engineer who previously contributed to projects like Snowball and Sherpa Cash within the Avalanche network. Before that, they worked at Google and hold a Master's degree in Computer Science from a U.S. university. Meanwhile, 0xMurloc is an experienced full-stack developer who has launched multiple startups and held a Senior Product Lead position at Grab. The team is further supported by several other anonymous individuals who specialize in software development, marketing, and community management.

What Makes JOE Unique?

Trader Joe is a decentralized exchange (DEX) that offers a user-friendly interface and fast, inexpensive transactions. It allows users to provide liquidity by participating in yield farms and earn JOE tokens as a reward. These tokens can then be staked and used to vote on governance proposals. Their lending protocol, Banker Joe, is non-custodial and based on the Compound protocol, which lets users borrow and lend funds. Additionally, users can open leveraged positions on their funds.

Trader Joe is continually working to improve the JOE token's utility and adoption within the Avalanche ecosystem by introducing new options. One such feature is the ability to use JOE as collateral to borrow against. They also plan to incorporate limit orders, options, and futures trading. Due to their innovative approach and distinctive comic book branding, Trader Joe has gained support from notable figures in the DeFi community, including Stani Kulechov, the founder of AAVE, and Darren Lau.

How Is the JOE Network Secured?

Trader Joe is based on the Avalanche (AVAX) blockchain, which has its own unique consensus mechanism. This blockchain uses a directed acyclic graph (DAG) protocol that enables all nodes to validate and process transactions. The treasury of Trader Joe is currently managed by Cryptofish and 0xMurloc, but the community plans to introduce a multi-signature governance mechanism in the future. Currently, token holders can vote on protocol development through Snapshot.

Conclusion

The JOE cryptocurrency has garnered a lot of interest from investors and crypto enthusiasts due to its focus on transparency, privacy, speed, and limited supply. Its innovative features make it a promising digital currency that is well-positioned to thrive as the cryptocurrency industry continues to evolve.

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Current price:
All-time high:$5.02
All-time low:$0.1320

JOE supply and tokenomics

Circulating supply:376,979,400 JOE
Total supply:464,573,155 JOE
Max supply:0 JOE
Market cap:$148.03M
Fully diluted market cap:$182.43M
Token allocation:
Liquidity Providers (LP)
50.00%
Treasury
20.00%
Dev Team
20.00%
Future Investors
10.00%
Tokenomics:

Uniqueness

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 .

Links

Buy JOE for $1Buy JOE now

What is the development prospect and future value of JOE?

The market value of JOE currently stands at $148.03M, and its market ranking is #361. The value of JOE is not widely recognized by the market. When the bull market comes, the market value of JOE may have great growth potential.

As a new type of currency with innovative technology and unique use cases, JOE has broad market potential and significant room for development. The distinctiveness and appeal of JOE may attract the interest of specific groups, thereby driving up its market value.

What will the price of JOE be in 2025?
Based on JOE's historical price performance prediction model, the price of JOE is projected to reach $0.5930 in 2025.
What will the price of JOE be in 2030?
In 2030, the JOE price is expected to change by +9.00%. By the end of 2030, the JOE price is projected to reach $1.16, with a cumulative ROI of +197.30%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of JOE and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is JOE worth investing or holding? How to buy JOE from a crypto exchange?

If you want to buy JOE, the following information may be helpful for your investment decisions:
In the last 7 days, the price of JOE has fallen by -27.69%, leading to negative returns for most JOE investors. The market is currently pessimistic about the price trend of JOE.
It is important to note that the current price of JOE has retreated by -92.18% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether JOE is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in JOE or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of JOE, if you want to buy or sell JOE, you can consider Bitget for your trading needs. The best place to buy JOE is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in JOE has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy JOE. Here's a step-by-step guide on how to buy JOE on Bitget.

How to get JOE through other methods?

Using cash to buy JOE is not the only way to obtain JOE. If you have the time to spare, you can get JOE for free.
Learn how to earn JOE for free through the Learn2Earn promotion.
Earn free JOE by inviting friends to join Bitget's Assist2Earn promotion.
Receive free JOE airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to JOE through Bitget Convert, Bitget Swap, or spot trading.

What is JOE used for and how to use JOE?

The use case of JOE may expand as the crypto market and the project itself develop. Currently, you can use JOE to achieve the following goals:
Arbitrage by trading JOE: Since JOE is a frequently traded cryptocurrency, the price of JOE is always fluctuating. Earn more JOE by buying low and selling high on the exchange. Bitget spot market provides a variety of JOE trading pairs to fully meet your needs.
Earn by staking JOE: You can also generate income through financial management methods such as staking JOE or lending JOE. Bitget Earn offers a variety of financial products designed to help you earn more income from your JOE.
Send or pay JOE: If you want to give JOE to your friends, a charity, or a fundraiser, or you want to pay someone with JOE, you can quickly and easily send JOE to the recipient through their payment address.
You can also go to the official website of the JOE project to learn more about the use cases of JOE. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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