Buy JOE
What is JOE?
JOE is the native governance token of Trader Joe, a decentralized exchange (DEX) built on the Avalanche blockchain. It primarily serves as a governance token, allowing holders to participate in decision-making processes affecting the protocol. Additionally, JOE holders can earn a share of the exchange revenue through staking, as well as receive rewards for providing liquidity and participating in yield farming activities.
How does JOE work?
JOE operates on the Avalanche blockchain, which utilizes a Proof of Stake consensus mechanism and the Avalanche consensus algorithm. This allows for high throughput and scalability. The token is integrated with various smart contract functionalities on the Avalanche C-Chain, compatible with the Ethereum Virtual Machine (EVM). Specific features include the Token Mill for creating custom tokens, the Joe Stack for liquidity management, and the Liquidity Books system introduced in Trader Joe V2, which facilitates improved liquidity through unique mechanisms like liquidity bins and variable swap fees.
What are the potential use cases for JOE?
The potential use cases for JOE include:
- Governance: Token holders can vote on community proposals.
- Rewards: Providers of liquidity and stakers receive a share of exchange fees.
- Staking: Users can stake JOE for tokens that earn fees from each swap on Trader Joe.
- Yield Farming: Participation in yield farming activities on the platform.
- Borrowing and Lending: Through Banker Joe, users can lend or borrow tokens.
- NFT Marketplace: Joepegs serves as the NFT marketplace on Trader Joe.
- Launchpad: Rocket Joe platform allows participation in new token launches.
JOE has also been involved in various partnerships and integrations with projects like WOO Network, Dragon Crypto Gaming, and Domi Online, enhancing its application in sectors like DeFi, NFTs, and gaming.
What is the history of JOE?
JOE was founded by Cryptofish and 0xMurloc, two pseudonymous developers. The project was launched without pre-sale or private sale allocations, focusing instead on community involvement with a distribution model favoring liquidity providers. The token has been integrated with innovative solutions like the Autonomy Network's AutoSwap dApp and partnered with platforms like WOO Network. Since its inception, JOE has evolved alongside the technological advancements of the Avalanche blockchain, maintaining a robust market presence and securing listings on major exchanges.
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Frequently Asked Questions (FAQs)
What is the current price of JOE (JOE)?
The JOE price is $0.6309585 AUD, representing a -4.33% from the day prior.
Where is the best place to buy JOE (JOE) in Australia?
The best place to buy JOE (JOE) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell JOE (JOE) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of JOE (JOE)?
The trading volume of JOE (JOE) is $16.8M AUD in the last 24hrs, representing a -4.33% from the day prior.
How can I buy JOE (JOE)?
JOE (JOE) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of JOE (JOE)?
The current market cap of JOE (JOE) is $235.9M AUD.
Can I convert JOE (JOE) to cash?
Yes - With Coinstash you can convert your JOE (JOE) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many JOE (JOE) are there?
The current circulating supply of JOE (JOE) is 377.0M.
Is Coinstash a safe place to buy JOE (JOE) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling JOE (JOE) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.