JOE JOE

1. Summary

Ranks

Liquidity

89

Developer

47

Social

98

Momentum (beta)

21

Stack Rank™

31

Price

$0.39 +7.1%

Market Cap

$139.80M (#307)

Supply

341.46M / 499.71M

Tags

Decentralized Exchange Token (DEX) Automated Market Maker (AMM) Yield Farming DeFi Avalanche Ecosystem Arbitrum Ecosystem BNB Chain Ecosystem Decentralized Exchange (DEX) Mantle Ecosystem DeFiance Capital Portfolio

More Metrics

Price
52W High price	$1.13
52W High date	19th Mar 2024 (4 months ago)
All Time High (ATH) Date	21st Nov 2021 (2 years ago)
ATH Price	$5.09
% From ATH	-92.1%
All Time Low (ATL) Date	11th Aug 2021 (2 years ago)
ATL Price	$0.03
% From ATL	1411.57%

Supply & Trading Volume
Trading Volume (24h)	$13.86M
Total Supply	499.71M
Max Supply	500.00M
Circulating Supply	341.46M

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Description

Trader Joe is a decentralized trading platform built on the Avalanche network, offering a comprehensive DeFi ecosystem. The platform provides a range of services, including decentralized exchange (DEX) services, DeFi lending, and leveraged trading through its automated market maker (AMM). Trader Joe's key features include:

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Trader Joe is a decentralized trading platform built on the Avalanche network, offering a comprehensive DeFi ecosystem. The platform provides a range of services, including decentralized exchange (DEX) services, DeFi lending, and leveraged trading through its automated market maker (AMM). Trader Joe's key features include:

Products and Services

• Token Swaps: Users can trade tokens via an automated market maker (AMM).
• Yield Farming: Users can earn rewards through liquidity provisioning and staking.
• Staking: Users can stake the native utility token to earn rewards and participate in governance.
• Lending and Borrowing: Users can borrow and lend assets through the integrated money market, Banker Joe.
• NFT Marketplace: Users can buy and sell NFTs within the ecosystem.

Governance and Tokenomics

• Governance Token (JOE): JOE is a governance token that rewards its holders with a share of the exchange's revenue and provides them with decision-making power.
• JOE/xJOE Staking Mechanism: Fees collected from swaps and liquidations are distributed to users via this staking mechanism.

Platform Management

• Founders: Trader Joe was founded by two pseudonymous developers, Cryptofish and 0xMurloc.
• Contributors: A team of over a dozen contributors is involved in marketing and community development.

History

• Launch: Trader Joe launched in June 2021 and quickly gained popularity, reaching a peak total value locked of $4 billion.

Key Statistics

• DEX Trading Volume: $7,060,122.47 (24h)
• Trading Fees: 0.3% for token swaps, with 0.25% going to liquidity providers and 0.05% to stakers.

Supported Assets

• ERC-20 Tokens: The exchange supports various ERC-20 tokens from the Avalanche ecosystem.
• Wrapped Tokens: Wrapped tokens like wrapped Bitcoin and wrapped Ether are also supported.

Overview

Trader Joe stands out for its user-friendly interface, fast transaction execution, and rewarding mechanisms for liquidity providers and stakers. It continues to develop its platform, with plans to introduce leveraged trading in the future.

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