What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects

Avalanche is an ecosystem that has a lot of room for growth in the future, so the important projects of this ecosystem are of great interest to many people. In this article, Beatdautu will learn with you a very important DEX project of this ecosystem, which is Trader Joe (JOE).

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What is Trader Joe (JOE)?

Trader Joe (JOE) is a project on a decentralized exchange under the AMM mechanism running on the Avalanche blockchain platform. Trader Joe has many similarities with previous AMM platforms such as Uniswap, Pancakeswap, etc. In terms of competition, because there are not many DEX platforms on AVAX, Pangolin is also a direct competitor of this platform.

Trader Joe was founded in June 2021 by 0xMurloc and Cryptofish. The platform was created with the goal of creating a unique trading platform that takes advantage of the Avalanche blockchain, while bringing decentralized finance for development to the masses. Since its launch, Trader Joe has attracted more than $1.5 billion in assets as well as the backing of many established investors in the Crypto market.

The platform’s vision is to build a trading platform that provides users with a true “one-stop” DeFi experience.

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Trader Joe’s Highlights

Some advantages on Trader Joe can be mentioned as:

  • “1 Click” Short Tool: the platform provides a simple, integrated tool to allow DeFi users to short sell in an automated trade. Users can view relevant metrics (price impact, slippage, …) directly on the interface, and easily manage and update their positions on the dashboard.
  • Permissionless Currency Market: Trader Joe allows users to create a currency market for any ERC-20 token automatically, supporting long tails of assets. Anything from fractionated NFTs to mature tokens can be listed on Trader Joe.
  • Isolated Collateral Model: To support volatile assets, the platform introduces an isolated collateral model in which the user is only responsible for collateral explicitly linked to a single entity. mind.
What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects
Trader Joe’s Basic Features

Features on Trader Joe

Initially, Trader Joe focused on developing DEX features with AMM mechanism, after a period of strong development, Trader Joe now has many other DeFi features such as Lending, Yield Farming, Staking, Liquidity. Specifically:

Trading on Trader Joe

An exchange is a place where you can trade tokens simply, just choose the two tokens you want to exchange to be able to successfully swap quickly.

What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects

The liquidity provided to the exchange comes from liquidity providers (LPs), who stake their tokens into “Pools” for users to swap. In return, they receive LP (Liquidity Provider) tokens, which can also be staked to earn JOE tokens in the “farm”. When you make a transaction on the exchange, you will pay a transaction fee of 0.3%, broken down as follows:

  • 0.25% – Paid to liquidity pools as trading fees to liquidity providers.
  • 0.05% – Sent to JOE token token farm

Liquidity Pool Trader Joe

Users can become Liquidity Providers (LPs) by simultaneously adding 2 types of tokens to the Pools (eg AVAX and JOE). When providing liquidity, people will get LP to farm and earn JOE.

What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects

You can see the project instructions here

Yield Farming Trader Joe

Deposit LP tokens received for providing liquidity (above feature) to the farm to earn more profit. Additional profits are rewarded with $JOE Tokens. As you keep depositing JOE Tokens into the Pools, you also keep earning Transaction Fees from the liquidity pool

What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects

You can see the project’s Farm guide here

Staking Trader Joe

Users stake tokens on the platform to participate in several mechanisms:

  • Stake JOE to rJOE: Unlock the ability to participate in Rocket Joe: Liquidity Launch Platform
  • Stake JOE to sJOE: Earn Stablecoin rewards by sharing the revenue generated on the platform
  • Stake JOE to veJOE: Get JOE rewards that increase profits in selected Farms + Governance

Lending Trader Joe

Trader Joe is a one-stop decentralized trading platform on Avalanche. Banker Joe is Trader Joe’s lending protocol based on Compound protocol. The lending protocol can be combined with a decentralized exchange to provide unattended leveraged trading.

What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects

Rocket Joe Trader Joe

Rocket Joe is a liquidity platform that owns the bootstraps protocol (POL). This is an innovative way to launch a protocol, we consider it a ‘DeFi 2.0’ Launch Platform.

Find out the participants here

Information about JOE Coin

JOE is the project’s native token, users can use JOE with many functions as mentioned above.

JOE Basic Information:

  • Name: Trader Joe
  • Ticker: JOE
  • Blockchain: Avalanche
  • Token Standard: ARC-20
  • Contract: 0x6e84a6216eA6dACC71eE8E6b0a5B7322EEbC0fDd
  • Token Type: Utility, Governance
  • Maximum total supply: 500,000,000 JOE
  • Supply of Circulation: 180,673,433 JOE

JOE Allocation (Token Allocation)

  • Liquidity Provider: 50%
  • Treasury: 20%
  • Developer Team: 20%
  • Future Investors: 10%
What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects
JOE token allocation

Release Schedule JOE (Release Schedule)

The amount of JOE issued will decrease over time until it is fully unlocked in January 2024

What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects
JOE token issuance plan

Roadmap Trader Joe

The platform is committed to driving the continued expansion of the Avalanche Ecosystem. Trader Joe will become the hub for DeFi innovation and especially the NFT & Metaverse trend on Avalanche Blockchain. To support this ambition, the foundation is currently in the process of doubling down on its engineering, research and quantum team. Trader Joe will nurture and accelerate Metaverse’s emerging consumer trends, thanks to DeFi’s natural synergies.

Quarter 1 of 2022:

  • Rocket Joe: DeFi Innovation for Decentralized Exchanges
  • Tokenomics: Reduce selling pressure, return value
  • Decentralized Marketplace: Support NFT/Metaverse Trends on Avalanche

What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects

Trader Joe project development team

The team developed with the participation of many members of the Avalanche community.

Co-Founders

You can follow the full project team here

Investor Trader Joe

The strategic sale was led by Defiance Capital, GBV and Mechanism Capital. Other angel and VC investors include Not3Lau Capital, Three Arrows Capital, Coin98 Ventures, Delphi Digital, Avalanche Foundation, and Stani Kulechov. The investment round also includes strategic partners Avalaunch and Yield Yak from the Avalanche community.

What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projectsWhat is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects
Trader Joe is invested by many big funds

With new capital in hand, Trader Joe plans to expand their team to continue building their trading and lending platform, as well as support the entire Avalanche DeFi ecosystem through a partnership continuous.

Above is information about the Trader Joe project synthesized by Beat Investment, hope that the information will help you in the investment research process. Check out other articles on the site.

Learn: Avalanche Ecosystem Overview (AVAX Ecosystem)

Keyword: What is Trader Joe (JOE)? Detailed information from A to Z Trader Joe and JOE Coin projects

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