What is Joe? (JOE)

The Beginner’s Guide

What Is The Most Visited Joe (JOE)? Joe Avalanche is a decentralized finance (DeFi) protocol built on the blockchain. It is also a management token that rewards its holders with a share of stock market revenues.

Calling itself a “one-stop-shop”, Trader Joe differentiates itself by focusing solely on DeFi in an area populated by the likes of Uniswap and Pancakeswap, which focus on features like NFTs and cross-blockchain bridge.

According to CoinGecko data, Trader Joe’s has increased by 5996.7% in 30 days. The crypto asset was traded at $1.67 at the time of writing. Its market cap is $141,638,802. The circulating supply is 79,066,805.

Trader Joe’s Features

Trade Tokens

The exchange is an automated market maker that helps users switch between two tokens.

Farm Tokens

Trader Joe helps users earn JOE tokens by staking liquidity provider (LP) tokens.

Staking Tokens

Use your JOE tokens to earn more JOE through protocol fees.

Borrow Tokens

Users will be able to borrow tokens from Trader Joe’s to earn returns or increase their trading leverage.

Trader Joe’s roadmap is divided into 3 phases in total. Each stage has been carefully designed to raise the level of innovation to be brought to the industry. The first phase is about minor innovations made to improve an AMM protocol. The second phase is about introducing a feature that will be new to Avalanche. The final phase introduces new features for the DeFi industry as a whole.

Trader Joe’s Roadmap

First Stage

  • A custom designed user interface
  • Candlestick charts
  • One-click integration with Pangolin
  • One-click switch from token to LP token
  • Double award farming system

Second Stage

  • Token lending/receiving
  • Leveraged transactions
  • Yield farming optimizations for loan strategies

Third Stage

  • Limit orders
  • Options and futures

Note: The information, comments and evaluations contained here are NOT in the Scope of Investment Consultancy. Keep following the SinceCoin.

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