What Is JOE (JOE)?
JOE (JOE) is the native token of Dealer Joe, a decentralized change (DEX) on the Avalanche (AVAX) blockchain that gives DeFi providers, together with swapping, staking and yield farming. The change has been rising quickly, attracting over $4 billion in complete worth locked (TVL) because it was launched in June 2021. Dealer Joe claims to take a community-first strategy, and to prioritize innovation, velocity and security. It goals to supply a one-stop-shop DeFi expertise and to combine new merchandise with out compromising on safety. To realize this, Dealer Joe has outlined an formidable roadmap that focuses on token-holder development. It plans to have improved staking, non-fungible-token (NFT) change listings, the collateralization of the JOE token, and leveraged buying and selling – all throughout 2021.
Who Are the Founders of JOE?
Dealer Joe was based by Cryptofish and 0xMurloc, two pseudonymous builders. Cryptofish is self-described as a full-stack and good contract engineer, who was an early contributor to a number of Avalanche tasks, akin to Snowball and Sherpa Money. S/he labored at Google and holds a Grasp’s in Laptop Science from a U.S. college. 0xMurloc is a full-stack developer with expertise beginning a number of startups. S/he was additionally a Senior Product Lead at Seize. The group is complemented by over a dozen different pseudonymous customers engaged on software program, advertising and marketing and neighborhood.
What Makes JOE Distinctive?
Dealer Joe offers all of the performance of a contemporary DEX and affords a handy consumer interface, mixed with speedy and low cost transactions. Customers can present liquidity by collaborating in one in every of its yield farms and earn JOE (JOE) as a reward token, which might later be staked and used to vote in governance proposals. Its lending protocol Banker Joe, primarily based on the Compound (COMP) protocol, permits customers to borrow and lend funds in a non-custodial method. Furthermore, customers may open leveraged positions on their offered or borrowed funds.
To extend the utility and adoption of the JOE token, Dealer Joe is engaged on introducing a number of new choices, that are geared toward reworking the mission into the principle DeFi platform inside the Avalanche ecosystem. To begin with, customers will be capable to use JOE as collateral to borrow towards. Furthermore, Dealer Joe additionally plans to facilitate restrict orders, choices and futures buying and selling on its platform. Because of the velocity of its innovation and robust comedian book-like branding, Dealer Joe has attracted sturdy backers from inside the DeFi neighborhood, together with from AAVE (AAVE) founder Stani Kulechov and Darren Lau.
Associated Pages:
Take a look at Avalanche (AVAX) — the blockchain Dealer Joe is constructed upon.
Take a look at Solana (SOL) — one other high-speed layer one blockchain.
Learn our deep dive into Avalanche (AVAX).
Get the most recent crypto information and newest buying and selling insights by way of the CoinMarketCap weblog.
How Many JOE (JOE) Cash Are There in Circulation?
The whole provide of JOE (JOE) is 500 million. The token was launched with no pre-sale, personal sale, or pre-listing allocations. The distribution of JOE is as follows:
- 50% – liquidity suppliers
- 20% – treasury
- 20% – group (three-month cliff)
- 10% – future traders (three-month cliff)
JOE is being emitted over a 30-month interval and JOE stakers earn 0.05% of all trades. JOE additionally pays a share of charges from lending curiosity and liquidations into the staking pool. The emission charges of JOE steadily lower over time and can come to an finish firstly of January 2024.
How Is the JOE Community Secured?
Dealer Joe is constructed upon Avalanche (AVAX), a blockchain with its personal proprietary consensus mechanism, by which all nodes course of and validate transactions by using a directed acyclic graph (DAG) protocol.
The treasury is at present entrusted to its builders Cryptofish and 0xMurloc, though the Dealer Joe neighborhood plans to determine a multi-signature governance mechanism in future. For now, token holders can vote on the event of the protocol by way of Snapshot.
The place Can You Purchase JOE (JOE)?
JOE (JOE) is on the market on TraderJoe, Pangolin and nftgamef.com.
