MultiversX Tracker is Live!

Crypto Trader Joe: DEX on Avalanche

Binance

Cryptocoins Exchanges / Binance 262 Views

We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile)
TLDR:Thus, I introduced you to the Trader Joe project and what $JOE is, and provided all details about the project's highlights and tokenomics.It can be said that Traderjoe is a prominent AMM right now when the TVL of the protocol has surpassed $2B. New products are launched towards an all-in-one platform with the most recent being a lending product. If Traderjoe's lending develops well, it will set the stage for further development related to derivative products.

General Conclusion

From a brand new AMM project with no initial funding, Trader Joe has gradually established himself as one of Avalanche's top AMMs. Today's article about Trader Joe and $JOE will give you all the information about:

  • What is Trader Joe? Trader Joe's Highlights.
  • Information about tokenomics.

What Is Trader Joe?

TLDR: DEX on Avalanche protocol

Trader Joe is an AMM decentralised exchange platform on the Avalanche blockchain. Trader Joe is a fork of Uniswap. There are not too many AMMs on Avalanche yet, but the most popular AMM among users on this blockchain is Pangolin, so it can be said that Trader Joe's direct competitor is Pangolin.

Highlights

Trader Joe, in addition to being an AMM, also integrates a number of features such as Yield Farming, Lending, Staking, etc. with the aim of becoming an aggregate platform and bringing the best experience to users.In addition, users can exchange tokens for $LP tokens with just 1 click through the Zap feature β€” a new feature on AMM. If other projects raise capital before making products, then Trader Joe has a completely opposite direction.They are not a Fair Launch project (no token sale, the team does not hold tokens) but they will run the project, the entire $JOE - project token will be unlocked through inflation. However, Trader Joe still has an allocation for future investors if any.

Products

  • Trade: This is a main product which user can swap their tokens.
  • Pool: Where user can add liquidity into the pool and earn trading fee. (0.25%)
  • Farm: This is an incentive program that encourage LPers provide liquidity and make more benefit.
  • Lending: Where user can borrow more assets
  • Stake: Stake $JOE to earn revenue.
  • Zap: Swap between token and LP token.
submitted by /u/economicsdesign
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments